American Technology Receives New LRAD(R) Orders From U.S. Military for Force Protection in Iraq
Thursday October 2, 8:30 am ET
Orders Totaling $400,000+ Include LRAD-RX(TM) for Checkpoint Security and LRADs for Convoy Security
SAN DIEGO, CA--(MARKET WIRE)--Oct 2, 2008 -- American Technology Corporation (ATC) (ATCO - News), a leading provider of directed sound products and technologies, announced today it has received new LRAD® orders totaling $400,000+ from the U.S. Military for force protection in Iraq. The orders include the Company's first LRAD-RX(TM) shipment to Iraq for checkpoint security. The orders are scheduled to ship this quarter.
ATC's proprietary LRAD systems and products use directionality and focused acoustic output to clearly transmit critical information, instructions and warnings well beyond 500 meters. The LRAD product line can be manually operated or integrated into a remotely controlled security network's command and control center. Through the use of powerful voice commands and deterrent tones, large safety zones can be created while determining the intent and influencing the behavior of unknown personnel.
"When we designed LRAD-RX, one of the primary applications we envisioned was for unmanned perimeter security," remarked Tom Brown, president and CEO of American Technology. "LRAD-RX enables our troops to remotely man checkpoints by hailing, warning and communicating from command and control centers, keeping them safely out of harm's way."
"Our increasing LRAD shipments to the U.S. Military evidence their growing deployments of our long range acoustic hailing and warning devices," Brown added. "LRAD provides the vital capability of determining intent and communicating at distance, giving our armed forces time to resolve uncertain situations and potentially saving lives on both sides of the device."
About American Technology Corporation
American Technology Corporation is Shaping the Future of Sound® by providing directed audio solutions that place clear, highly intelligible sound exactly where needed. ATC's Long Range Acoustic Device (LRAD®), HyperSonic® Sound, and NeoPlanar® 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 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 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.
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Source: American Technology Corporation |
