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AMERICAN TECHNOLOGY RECEIVES $1.6 MILLION IN
NEW LRAD® ORDERS FROM U.S.ARMY RESERVES AND U.S. NAVY
U.S. Military Expands Long Range Acoustic Device™ Deployments
SAN DIEGO, CA, October 20, 2009 American Technology Corporation (ATC) (NASDAQ: ATCO), the innovator and distributor of the Long Range Acoustic Device™ (LRAD®) product line, announced today it has received approximately $1.6 million in new LRAD acoustic hailing device (AHD) orders from the U.S. Military. The orders include an initial LRAD 500X™ order from the U.S. Army Reserves and the Company’s first LRAD 300X™ order from the U.S. Navy. The orders are scheduled to ship this quarter.
ATC’s proprietary LRAD product line includes the LRAD 100X™, 300X, 500X, 1000X™ and the remotely operated LRAD-RX®. LRAD directed sound products and systems enable military forces to determine the intent of potential threats at safe distances, providing time and distance to employ a measured response to a threat’s actions. LRAD clearly broadcasts critical information, instructions and warnings to distances in excess of 3,000 meters. Through the use of focused multi-lingual voice commands and deterrent tones, LRAD creates increased standoff and safety zones, supports conflict resolution, and potentially prevents the use of deadly force.
“The LRAD 500X easily integrates with existing HMMWV and RG-31 MRAP vehicles to provide Army personnel with the means to communicate clearly with civilian populations, and the capacity to resolve uncertain situations peacefully,” remarked Tom Brown, president and CEO of ATC. “Our first 300X deliveries to the U.S. Navy are scheduled to deploy with VBSS (Visit Board Search and Seizure) teams, enabling them to communicate in any language from a safe distance. The VBSS teams plan to use the 300X units in their maritime boarding actions to combat terrorism, piracy and smuggling, and in conducting customs and safety inspections.”
“Our LRAD systems provide a highly effective communications capability and an escalation-of-force option, which can potentially prevent injuries and even save lives on both sides of the device,” concluded Brown. “We are pleased that the U.S. Army and U.S. Navy have recognized LRAD as the only AHD to meet or exceed their rigorous specifications.”
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™ (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 protection 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
robert@atcsd.com