ATCO-Commercial LRAD and Govt NeoPlanar sales
American Technology Corporation Receives Notice of over $1 Million in New LRAD(TM) & NeoPlanar(R) Orders; Company Announces LRADs Being Shipped to Major Commercial Maritime Companies, New U.S. Navy NeoPlanar Sound Saber(TM) Order
SAN DIEGO--(Business Wire)--Dec. 6, 2005--
American Technology Corporation (ATC) (NASDAQ:ATCO), a
leading innovator of directed sound products and technologies,
announced today it has received notice of new orders totaling more
than $800,000 for its proprietary Long Range Acoustic Devices
(LRAD(TM)). ATC attributed the notice of new LRAD orders from major
commercial maritime companies mainly to the successful deployment of
LRAD by the trained crew of a luxury liner that was attacked off the
coast of Somalia last month. The company has begun LRAD shipments to
these commercial maritime customers.
LRAD is a breakthrough long-range hailing and warning, directed
acoustic device designed to communicate with authority and
exceptionally high intelligibility in a 15-30 degree beam. LRAD can
issue a verbal challenge with instructions in excess of 500 meters and
has the capability of following up with powerful warning tones to
influence behavior, gain compliance or determine intent. LRADs are
currently deployed in a variety of government, military and commercial
applications around the world, including military deployments with the
U.S. Marine Corps, U.S. Army, and U.S. Navy in Operation Iraqi
Freedom.
"LRAD was developed in response to the attack on the USS Cole more
than five years ago to support the protection and exclusion zones
around U.S. Navy vessels," commented A.J. Ballard, who ATC recently
promoted to vice president of government and force protection systems.
"LRAD's profound directionality and highly intelligible voice
instructions, coupled with its powerful warning tones, allow the
maritime security industry to maintain and enforce security standoff
zones at ranges in excess of 500 meters. LRAD's ability to communicate
with the intended target with authority on land or at sea is highly
effective in determining intent and creating safe situations out of
uncertain ones.
"The latest reports from Iraq indicate that LRAD is a key element
in marine interdiction operations, proving to be extremely effective
in controlling fishing and merchant vessel traffic around critical oil
infrastructure in the Persian Gulf. LRAD is also proving to be very
effective on the ground for use in crowd control, area denial and
clearing buildings, and has the potential to save lives on both sides
of the device," Ballard concluded.
ATC also reported that it has received a new NeoPlanar Sound Saber
order from the U.S. Navy valued at more than $225,000. ATC's
proprietary NeoPlanar thin film magnetic speaker technology features
high output with exceptional clarity. Sound Saber is a hardened
NeoPlanar-based solution for providing highly intelligible sound in
challenging acoustic environments such as airports, hangar bays,
warehouses and other large government and commercial facilities.
Ken Winter, ATC's director of NeoPlanar programs, remarked, "This
order from the U.S. Navy came as a result of the Sound Saber passing
the Navy's most rigorous shock and vibration tests. In addition, the
Sound Sabers registered a 0.95 (out of 1.00) CIS intelligibility
rating, as compared to typical loudspeakers, which have a 0.77 rating.
By passing these tests, NeoPlanar-based products are now qualified for
installation on any U.S. Navy ship, one of many markets for our
NeoPlanar products."
About American Technology Corporation
American Technology Corporation is Shaping the Future of Sound(R)
by developing, manufacturing and globally distributing its proprietary
sound technologies and products which include: the award-winning
HSS(R) (HyperSonic(R) Sound technology); LRAD(TM) (Long Range Acoustic
Device) products family; NeoPlanar(R) products family, Sound
Vector(TM) technology, and others. The Company is establishing a
strong portfolio of patents, trademarks, and intellectual property
including over 320 U.S. and foreign patents and pending patent
applications to date. For more information on the company and its
technologies and products please visit our web site at www.atcsd.com.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained
herein, the matters discussed are forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act. You should
not place undue reliance on these statements. We base these statements
on particular assumptions that we have made in light of our industry
experience, the stage of product and market development as well as our
perception of historical trends, current market conditions, current
economic data, expected future developments and other factors that we
believe are appropriate under the circumstances. These statements
involve risks and uncertainties that could cause actual results to
differ materially from those suggested in the forward-looking
statements, including but not limited to, the actual performance in
the field of the Company's directed sound products, actual and
perceived risks of injury associated with LRAD's use, market
acceptance of our directed sound technologies and products, entry of
competitors, the possibility our intellectual property protections
will not prevent others from marketing products similar to or
competitive with our products, potential technical or manufacturing
difficulties that could delay product deliveries or increase warranty
costs, and other risks identified and discussed in our 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 our
current expectations. American Technology Corporation disclaims any
intent or obligation to update those forward-looking statements,
except as otherwise specifically stated.
American Technology Corporation
Media Relations:
Don Mathias, 949-855-4520
dwmath@aol.com
or
Investor Relations:
Robert Putnam, 858-679-3168
robert@atcsd.com
or
LRAD Sales:
A.J. Ballard, 207-373-9025
aballard@atcsd.com
or
NeoPlanar Gov't & Military Sales:
Ken Winter, 207-373-9025
kwinter@atcsd.com
Copyright Business Wire 2005
06Dec05 13:45 GMT
Symbols:
de;TC1 us;ATCO |
