To: christopher j. neptune/king of who wrote (951 ) 1/29/2001 1:16:08 PM From: Savant Respond to of 2062 American Technology Corporation Announces Multiple New Patents for Audio Reproduction Technologies SAN DIEGO--(BUSINESS WIRE)--Jan. 29, 2001-- Intellectual Property Portfolio Expanded Through Internal Innovation and Acquisition From Former Carver Corporation American Technology Corp. (Nasdaq:ATCO), a licensor of innovative new sound technologies, today announced that three additional patents on its loudspeaker technologies have been granted by the U.S. Patent and Trademark Office. The company also announced that it has acquired the rights to strategic patents from the former Carver Corp. covering a variety of audio reproduction and amplifier technologies. To date, the company's Intellectual Property portfolio includes over 100 U.S. and Foreign patents and patent filings relating to its HSS(TM), Stratified Field(TM), PureBass(TM), Magnified Force(TM) and NeoPlanar(TM) audio reproduction technologies. Jim Croft, chief technology officer of ATC, stated, "The acquisition of these patents from Carver both expands our technology portfolio into other categories and strengthens our existing intellectual property with allied inventions that improve and broaden the performance and protection of our current technologies. The acquired patents involve the fields of broadcast and communications, power electronics, sound field expansion and control, planar loudspeakers and subwoofer systems. Also, in our continued pursuit of patent protection for our internal innovations we are proud to have been granted three new patents incorporating over 100 claims to provide further intellectual property surrounding our Magnified Force, Stratified Field and HSS technologies." Terry Conrad, president of ATC, stated, "Our greatest strength as an OEM technology provider is our Intellectual Property. Per our announced strategy, we continue to pursue the innovation, development, acquisition, and protection of new technologies for our audio IP portfolio. These new patents broaden our own coverage and narrow the opportunities for potential competitors in our targeted consumer and professional electronics markets. We are collaborating on product development with some of the world's largest electronics and technology companies to bring visually and audibly unique loudspeaker products to consumers throughout the world and the resultant royalty stream to our bottom line." About American Technology Corp. American Technology Corp. is shaping the future of sound by developing and licensing its technology and intellectual property portfolio which includes: the award-winning HSS(TM) (HyperSonic(TM) Sound Technology); Stratified Field(TM) Technology; NeoPlanar(TM); PureBass(TM) and Magnified Force(TM) Sub-Woofer Technologies; and FM Sounds(TM) consumer radio products. The company is establishing a strong portfolio of patents, trademarks and know-how including over 100 U.S. and Foreign patents and patent filings 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 here, the matters discussed in this news release contain forward-looking statements which involve risks and uncertainties, including the timely availability and acceptance of new products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. --30--dw/sd* js/sd CONTACT: American Technology Corp., San Diego Robert Putnam, 858/679-2114 robert@atcsd.com