SAN DIEGO--(BUSINESS WIRE)--April 4, 2001--American Technology Corp. (Nasdaq:ATCO - news) today
announced that it has entered into a Letter of Intent with Harman International Industries Inc. (NYSE:HAR - news) on
certain intellectual property related to its planar magnetic transducer technology (NeoPlanar(TM)).
Terry Conrad, president of ATC, stated, ``We have worked closely with Harman on the broad spectrum of critical testing
of our Planar Magnetic Transducer (PMT) technology and its applications. The conclusion of this work has confirmed our
confidence in the commercial viability of ATC's proprietary Planar Magnetic Technology. Harman represents a premiere
delivery system to the largest markets for the technology.'' He continued, ``We anticipate that these devices will find broad
application in automobiles, home audio, multimedia and sound reinforcement due to their high performance-to-cost ratio,
light weight, and unusual output capability.''
The Planar Magnetic Transducer technology, developed by American Technology Corp. in one of the company's
laboratories in Carson City, Nev., is a revolutionary sound reproduction system employing a special thin film, and a single
layer of ultra-thin high-energy neodymium magnets. The most important quality of PMT loudspeakers is the ability to
provide extremely wide band, low distortion performance from a device as thin as 1/8 inch and as light as two ounces.
PMT's electrical conductors are directly coupled to the air which provides instant conversion of audio signals into acoustic
waves. Harman intends to acquire all rights to the technology with ATC retaining rights for military applications. |
