American Technology Announces LRAD(R) Orders for Azerbaijan and Sacramento
Sheriff's Department
Receives New LRAD-R(R) Order From L-3 Communications
SAN DIEGO, CA, Jan 10, 2008 (MARKET WIRE via COMTEX) -- American Technology
Corporation (ATC) (ATCO), a leading innovator of directed sound products and
technologies, announced today it has received a new LRAD-R(R) order from L-3
Communications and an opening LRAD(R) systems order destined for Azerbaijan. The
Company also announced it has received LRAD 500(R) and LRAD 1000(R) orders from
the Sacramento Sheriff's Department. The orders total over $450,000.
"We are pleased to receive our second LRAD-R L-3 order and add Azerbaijan to our
growing list of global LRAD installations," remarked Tom Brown, president and CEO
of American Technology. "The U.S. Navy's September selection of our enhanced LRAD
1000 as its acoustic hailing and warning device (AHD) for large vessels, and the
U.S. Navy and U.S. Army's selection in May of our enhanced LRAD 500 as their AHD
for small vessels and vehicles, continue to open many doors and increasing
worldwide LRAD deployments."
ATC created the directed acoustic hailing and warning device market category with
the introduction of its proprietary LRAD (Long Range Acoustic Device) technology
and products in 2002. LRAD uses high intensity 15 degrees - 30 degrees focused
acoustic output to communicate well in excess of 500 meters with authority and
high intelligibility. Through the use of powerful voice commands and deterrent
tones, large safety zones can be created while determining the intent,
influencing the behavior and gaining the compliance of an intruder or suspect.
"The orders from the Sacramento Sheriff's Department and from other law
enforcement agencies signal an increasing awareness and appreciation of LRAD's
unique directed sound capabilities and versatility in the field," added Brown.
"Powered by growing foreign and domestic LRAD and LRAD-R orders facilitated
through our direct sales, and through integrated sales by major defense firms, we
expect the quantity, quality and margins of our fiscal year 2008 revenues to be
significantly improved over fiscal 2007."
About American Technology Corporation
American Technology Corporation is Shaping the Future of Sound(R) by providing
directed audio solutions that place clear, highly intelligible sound exactly
where needed. ATC's Long Range Acoustic Device (LRAD(R)), HyperSonic(R) Sound,
and NeoPlanar(R) product lines make up the core of an expanding portfolio of
directed sound products and technologies. For more information about ATC and its
directed sound solutions please visit the company's web site at
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
performance of our management team, 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. For more information regarding other
potential risks and uncertainties, see the "Risk Factors" section of the
company's Form 10-K for the fiscal year ended September 30, 2007. American
Technology Corporation disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically stated.
Investor Relations:
Robert Putnam
(858) 676-0519
Email Contact |
