American Technology Reaffirms Fiscal Year and Q4 Revenue Guidance
SAN DIEGO, CA, Sep 03, 2008 (MARKET WIRE via COMTEX) -- American Technology
Corporation (ATC) (ATCO), a leading provider of directed sound products and
technologies, today reaffirmed that fiscal year 2008 revenues should increase
over fiscal year 2007 due to expected fiscal Q4 2008 revenues of over $3 million,
an increase of over 90% compared to fiscal Q4 2007.
"With the release of our new LRAD-X(TM) products last quarter, fiscal Q3 2008
revenues were up 28% over the same period last year," commented Tom Brown,
president and CEO of American Technology. "With the fulfillment of a $1.1 million
LRAD RX(TM) order, the $660,000 LRAD 500X(TM) Marine Expeditionary Security Force
order, and other directed sound orders, we expect Q4 2008 revenues to be up over
Q3 2008 and up significantly over Q4 2007."
"We are executing our business plan, controlling operating costs and we are
confident that we have the resources to finance our LRAD-X sales growth including
our new handheld LRAD 100X(TM)," concluded Brown.
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 and Form 10-Q
for the quarter ended June 30, 2008. American Technology Corporation disclaims
any intent or obligation to update those forward-looking statements, except as
otherwise specifically stated.
FOR FURTHER INFORMATION CONTACT:
Investor Relations:
Robert Putnam
(858) 676-0519
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