American Technology's Increasing LRAD-X(TM) Sales Boost Fiscal Q3 2008 Revenues
SAN DIEGO, CA (NASDAQ: ATCO), a leading provider of directed sound products and technologies, announced today that increasing LRAD-X? sales boosted fiscal Q3 2008 revenues over fiscal Q3 2007 revenues and have the Company on track to report a strong second half of its fiscal year.
"We experienced increasing LRAD order demand in fiscal Q3 that is continuing to grow into fiscal Q4," said Tom Brown, president and CEO of American Technology. "Our recently launched LRAD-X products are being well received by U.S. military officials, and domestic and international customers in the oil and gas, maritime security and cruise line industries."
"In Q3, we shipped LRADs to the U.S. military and to international destinations in Europe, Asia, South America, and the Middle East," continued Brown. "Per our previous guidance, we expect a strong second half of the fiscal year, contributing to higher revenues and product margins for the fiscal year ending September 30, 2008 over the fiscal year ended September 30, 2007."
"The growing acceptance of our proprietary LRAD-X product line is translating into increasing orders and product visibility," added Brown.
"We look forward to finalizing and issuing fiscal Q3 results, holding our quarterly conference call and announcing new business developments."
|
