American Technology Announces $1.6 Million Follow-On LRAD(R) Order From U.S. Army Reserves
November 10 2009 - 7:30AM
Marketwired
American Technology Corporation (ATC) (NASDAQ: ATCO), the innovator
and distributor of the Long Range Acoustic Device(TM) (LRAD®)
product line, announced today it has received a follow-on LRAD
500X(TM) order totaling approximately $1.6 million from the U.S.
Army Reserves. ATC announced the initial order last month
(http://www.atcsd.com/site/content/view/310/55/). Both orders are
scheduled to ship this quarter.
The LRAD 500X can be mounted on a variety of military vehicles
including the HMMWV, LMTV, FMTV and MRAP, providing soldiers the
critical capability of clearly broadcasting information,
instructions and warnings to distances in excess of 2,000 meters
from within their vehicles.
"We continue to support our armed services in their peacekeeping
missions around the world through increasing LRAD shipments,"
remarked ATC president and CEO, Tom Brown. "With further LRAD
orders expected from the U.S. Military and other organizations and
agencies this quarter, we're off to a strong start in fiscal
2010."
ATC's proprietary LRAD directed sound systems enable military
forces to communicate clearly and determine the intent of potential
threats at safe distances, providing time and distance to employ a
measured response to a threat's actions. Through the use of focused
multi-lingual voice commands and deterrent tones, LRAD creates
increased standoff and safety zones, supports conflict resolution,
and potentially saves lives on both sides of the device.
About American Technology Corporation
American Technology Corporation is providing directed audio
solutions that place clear, highly intelligible sound exactly where
needed. ATC's Long Range Acoustic Device(TM) (LRAD®) and other
directed sound technologies comprise the core of an expanding
portfolio of products being used around the world in diverse
applications including, global military deployments, maritime
security, critical infrastructure and commercial security, border
and port security, law enforcement and emergency responder
communications, and wildlife preservation and control. For more
information about ATC and its directed sound products, 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, 2008. American Technology
Corporation disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically
stated.
FOR FURTHER INFORMATION CONTACT: Robert Putnam Investor
Relations (858) 676-0519 Email Contact
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