BW)(CA-AMERICAN-TECHNOLOGY)(ATCO) American Technology Corp. Licenses PureBass to Amtec Manufacturing; Amtec to Produce PureBass Subwoofers for Major OEM Audio Companies
Business Editors and High-Tech Writers
SAN DIEGO--(BUSINESS WIRE)--March 12, 2002--American Technology Corp. (ATC) (Nasdaq:ATCO) has entered into a royalty-bearing manufacturing licensing agreement with Amtec Manufacturing Inc.
Amtec, located near Toronto, Ontario, Canada, is a premier supplier of completed loudspeaker systems to well-known and widely distributed home theater, multimedia, and high fidelity brands. The agreement provides for royalties on sales of subwoofers and other speaker systems using ATC's patented PureBass technology. Amtec has been in business for 14 years and produces more than 200,000 powered subwoofers annually.
"We expect PureBass(R) technology to increase our market penetration as a major supplier of multimedia, home theatre, and other branded high fidelity loudspeaker systems," stated Martin Stec, CEO of Amtec. "PureBass provides our customers with an attractive and competitive subwoofer solution featuring smaller size, lower distortion, and wide bandwidth. We have already established manufacturing for PureBass subwoofers and expect quick and favorable responses from our customers."
"Amtec is known worldwide for its high quality and provides us exposure to a number of important audio brands. Their capabilities are well-respected within corporate audio circles and their facilities are impeccable from both economic and technical standpoints," stated Terry Conrad, president of American Technology. "We are also discussing the extension of the license to include our complementary NeoPlanar(R) thin film magnetic speaker technology."
PureBass technology is one of four major sound technologies owned and being licensed by American Technology. PureBass subwoofers employ unique cabinet construction, acoustic filters and vent configurations to achieve low distortion and accurate, seamless transition with upper range speakers. While conventional subwoofers crossover to upper range speakers at 80-110 Hz, the extended range PureBass subwoofer allows crossover at 220 Hz or higher dramatically improving matching with both traditional and new thin panel speaker systems. The cost-effective technology is covered by two U.S. patents, trade secrets and is protected under various foreign filings.
About Amtec Manufacturing Inc.
Located near Toronto, Ontario, Amtec operates a 72,000 square foot full-service loudspeaker design and manufacturing facility. In business since 1988, Amtec manufactures for and distributes to many well-known brands in North America and Europe.
About American Technology Corp.
American Technology Corp. is Shaping the Future of Sound(R) by developing and licensing its technology and intellectual property portfolio which includes: the award-winning HSS(R) (HyperSonic(R) Sound Technology); Stratified Field(R) Technology; NeoPlanar(R); PureBass(R) Sub-Woofer Technology; Directed Stick Radiator technology and FM Sounds(TM) consumer radio products. The company is establishing a strong portfolio of patents, trademarks, and know-how including over 110 U.S. and Foreign patents and patent filings to date. For more information on the company and its technologies and products visit our Web site at www.atcsd.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This document contains forward-looking statements relating to future performance, technology and product development that may affect 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 risks and uncertainties, including future products and results, technological shifts, potential technical difficulties that could delay new products, competition, general economic factors, pricing pressures, the uncertainty of market acceptance of new products and services by OEMs and end-user customers, and other factors identified and discussed in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from the company's current expectations.
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CONTACT: American Technology Corp., San Diego
Robert Putnam (investor relations), 858/679-3168
robert@atcsd.com
or
PureBass
Bob Todrank (licensing inquiries), 858/679-3174
bob@atcsd.com
or
Don Mathias (media), 949/855-4520
dwmath@aol.com
KEYWORD: CALIFORNIA INTERNATIONAL CANADA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE SOFTWARE
ELECTRONIC GAMES/MULTIMEDIA
SOURCE: American Technology Corp. |
