Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ATCO -- Breakthrough in Sound Reproduction -- Ignore unavailable to you. Want to Upgrade?

To: Savant who wrote (998)	7/23/2001 10:04:13 AM
From: Savant	Respond to of 2062

SAN DIEGO--(BUSINESS WIRE)--July 23, 2001--American Technology Corp. (Nasdaq:ATCO), a licensor of innovative new sound technologies, today announced it has signed a Collaboration and Licensing Agreement for its HyperSonic(TM) Sound technology with Dolby Laboratories. This agreement provides for the use of HSS(TM) by Dolby Laboratories and for the joint exploration of HSS application concepts by both companies. Multiple areas will be examined including cinema sound and professional surround sound systems. "We are very excited about working with Dolby to bring our HSS technology into applications such as cinema sound," said Bob Todrank, vice president of business development for ATC. "Dolby is widely known for their remarkable capacity to generate new market ideas, innovate application concepts, and develop technologies. Dolby and ATC engineering, sales, and marketing will jointly research market and product concepts and explore business opportunities for both companies." Terry Conrad, president of ATC, added, "A working relationship between Dolby and ATC moves HSS into the mainstream. Dolby Laboratories has spent more than 30 years bringing movie and home sound innovations to professionals and consumers. HSS provides a completely new way to direct and move sound where you want it. This agreement establishes a unique opportunity for collaboration and innovation between two dynamic companies." Tim Partridge, vice president and general manager professional division, Dolby Laboratories, added, "We are impressed with HSS and its potential for future product applications. Working together, Dolby and ATC will be able to utilize the resources of both companies to explore the opportunities for the deployment of HSS technology. We are looking forward to a long and successful relationship with ATC."