American Technology Corp. Signs Royalty-Bearing Manufacturing and Licensing
Agreement With HST
Inc. for Stratified Field & PureBass Technologies
Business Editors
SAN DIEGO--(BUSINESS WIRE)--Sept. 6, 2000--American Technology
Corp. (Nasdaq:ATCO) today announced a royalty-bearing manufacturing
and license agreement for their Stratified Field(TM) (SFT(TM)) speaker
and PureBass(TM) sub-woofer technologies with HST(R) Inc., a Southern
California-based manufacturer of high quality composite components and
assemblies.
HST manufactures components for, among others, major guitar and
drum manufacturers and JBL(R), a professional and consumer speaker
division of Harman International.
"After achieving a high degree of success as an OEM manufacturer,
we began actively pursuing new growth and diversification,
particularly in the area of our own branded products," said Tod
Boretto, president of HST Inc. "Our search for new opportunities led
us to ATC and their SFT thin-film speaker and PureBass sub-woofer
technologies. Licensing SFT and PureBass for our own product line and
offering our manufacturing services to other ATC licensees fit
perfectly into our expansion plans."
Boretto added, "Our experience with molding carbon fiber composite
materials brings new levels of sophistication to the SFT transducer
production process. After careful evaluation and research, we believe
that the various industrial design capabilities offered by SFT will
allow us to build new categories of speaker products and enter the
Hi-Fi/Home Theater markets with a new brand known for innovation, new
marketing concepts, unique distribution, and most importantly, high
quality sound."
Stratified Field Technology (SFT) is ATC's patent pending,
non-magnetic, thin film loudspeaker technology. PureBass is ATC's
patent pending sub-woofer technology providing for reduced distortion,
higher performance, and the perfect match for the SFT thin-film
speaker technology. SFT and PureBass together offer the audio and Home
Theater consumer a superior listening experience at an affordable
price.
Bob Todrank, V.P. of sales, marketing, & business development for
ATC, said, "We are pleased to have HST as a primary SFT and PureBass
licensee. Their concepts for unique Hi-Fi/Home Theater speaker
products will showcase the very best qualities of our technologies."
Todrank continued, "Because of their impressive on-site
capabilities for tooling, molding and component manufacturing, HST is
a valuable partner as an OEM supplier of SFT products to other
expected licensees. Their in-house expertise will allow fast
turnaround between engineering and first prototype production run. Our
agreements with Thomson, HST, and other expected licensees in Europe
and Asia will complete the foundation for the worldwide retail rollout
of consumer products containing our SFT and PureBass technologies."
About HST Inc.
HST Inc. was founded in 1989 to specialize in high quality carbon
fiber composite molding and manufacturing. HST's slogan, "Serious
Engineering for Serious Fun" says it all. They have developed a
successful global business through highly sophisticated engineering
capabilities and by focusing on skilled technical sales to their OEM
customers.
Some of HST's many OEM products include composite golf club shafts
for all the major golf club brands, drum parts, composite speaker
parts for JBL, a division of Harman International, composite guitar
necks, composite drive shafts for automobiles, and other OEM composite
molded parts. HST employs approximately 500 people and maintains three
manufacturing facilities in Southern California. HST is a
manufacturing member of NAMM (International Music Products
Association).
About American Technology Corp.
American Technology 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); SFT(TM) (Stratified Field(TM) Technology); PMT(TM)
(Planar Magnetic(TM) Technology); MFW(TM) (Magnified Force(TM)
Woofer); PureBass(TM) Sub-Woofer Technology; and FM Sounds(TM)
consumer radio products. For more information on the company and its
technologies and products visit our Web site at www.atcsd.com.
Best, Savant |
