American Technology to Report Record Fiscal Q1 Revenues
January 07 2010 - 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 that it will report record fiscal Q1
revenues of over $5.0 million for the quarter ended December 31,
2009 (fiscal Q1 2010). With continuing LRAD sales growth, ATC
expects to report a fourth consecutive year of record LRAD revenues
and a third consecutive year of record Company revenues for the
fiscal year ending September 30, 2010.
"We're off to a solid start in fiscal 2010, building on our
record fiscal year 2009 results through growing orders from the
U.S. Army," remarked Tom Brown, president and CEO of American
Technology. "We're also seeing increasing interest in our expanded
line of proprietary LRAD systems for military, maritime security,
law enforcement, and wildlife preservation and control
applications."
"With piracy and terrorist activity continuing to escalate in
2010, LRAD is positioned as an essential element of a layered
defense strategy for domestic and international military, law
enforcement and maritime security forces," added Brown.
Brown concluded, "LRAD is increasingly recognized as the global
standard in acoustic hailing devices and we are working on business
initiatives expected to strengthen our leadership position and
create greater market awareness for LRAD and ATC."
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, 2009. 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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