Thursday November 18, 10:18 am Eastern Time
Company Press Release
American Technology Corp. and Bath Iron Works, a General Dynamics Company, Sign Development Agreement
ATC's HyperSonic(TM) Sound Prototypes in Evaluation for Use on Naval Platforms
SAN DIEGO--(BUSINESS WIRE)--Nov. 18, 1999-- American Technology Corp. (Nasdaq:ATCO - news) announced today that it has signed a development agreement with Bath Iron Works (BIW), a General Dynamics company, to create evaluation prototypes of ATC's HyperSonic Sound (HSS(TM)) which will be tested for use in various BIW ships built for the United States Navy.
Con Brosnan, chairman, president, and chief executive officer of American Technology Corp., stated, ``We are very pleased to be working with BIW-General Dynamics Marine Group on uses of HSS for military applications. BIW appreciates the unique properties inherent in our HyperSonic Sound technology.'
Brosnan continued, ``There has been considerable military interest in HSS. BIW, on behalf of General Dynamics, has taken a leadership role in working with us to help direct our efforts to applications that should yield early benefits to ATC.'
James Baskerville, chief engineer, advanced technology, Bath Iron Works, said, ``This technology supports our targeted areas of innovation for shipbuilding systems which are lighter, more efficient, less expensive, and improve crews' safety and habitability. Rarely does one discovery satisfy so many of those categories. HSS(TM) is a game changer technology.'
First evaluation units are to be delivered to BIW before the end of the calendar year.
HyperSonic Sound is an award-winning, patented and patents-pending technology in sound reproduction that employs ultrasonic tones in a new process to produce an extremely directional audible sound column in the air. Audible sound is created only when the column encounters a person or surface, up to several hundred feet from the source. For the first time, users can place sound exactly where they want it, rather than broadcasting over a general area. This control over where sound is placed opens opportunities for countless new applications for audio.
American Technology Corp. is shaping the future of sound by developing and licensing its patented and patents-pending technology portfolio which includes: the award-winning HSS(TM) (HyperSonic(TM) Sound Technology) and SFT(TM) (Stratified Field(TM) Technology) as well as MFW(TM) (Magnified Force(TM) Woofer); Jet Engine Noise Reduction system; and FM Sounds(TM) consumer radio products. For more information on the company and its technologies and products visit www.atcsd.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements relating to future performance, technology and product development that may impact on future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risk factors such as: future products and results; technological shifts; potential technical difficulties that could delay new products and technology; competition; general economic conditions in the markets in which the company operates; the ability of the company, its customers, and suppliers to become Year 2000 compliant; pricing pressures; and the uncertainty of market acceptance of new products by OEMs and end-user customers.
--------------------------------------------------------------------------------
Contact:
American Technology Corp.
Robert Putnam or Wendy Ravenel, 858/679-2114
robert@atcsd.com or wendy@atcsd.com
or
Bath Iron Works
A General Dynamics Company
Kenneth Winter, 207/442-2641 |
