American Technology Receives $1.6 Million in New LRAD(R) Orders From U.S. Army Reserves and U.S. Navy
20 10월 2009 - 9:30PM
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 approximately $1.6
million in new LRAD acoustic hailing device (AHD) orders from the
U.S. Military. The orders include an initial LRAD 500X(TM) order
from the U.S. Army Reserves and the Company's first LRAD 300X(TM)
order from the U.S. Navy. The orders are scheduled to ship this
quarter.
ATC's proprietary LRAD product line includes the LRAD 100X(TM),
300X, 500X, 1000X(TM) 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(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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