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American Technology Corporation: American Technology Announces Over $1 Million in New LRAD(R) Orders From Asia

^{Published on 2009-03-19 06:37:25, Last Modified on 2009-11-02 15:28:18 - Market Wire}
 

SAN DIEGO, CA--(Marketwire - March 19, 2009) - American Technology Corporation (ATC) (NASDAQ: [ ATCO ]), a leading innovator of directed sound products and technologies, announced today it has received a new LRAD® order from the Singapore Navy, and an initial order for LRADs destined for the Japanese Navy. This new business brings the total of LRAD orders received from Asian customers in the Company's current quarter (fiscal Q2) to over $1 million. The orders are scheduled to ship before the end of the Company's fiscal third quarter. ATC also announced that it has shipped LRADs destined for the Korean Navy from an order received last quarter.

LRAD directed sound products and systems communicate from 300 meters to over 1500 meters with authority and high intelligibility through vocal commands and powerful warning tones to influence behavior, gain compliance, and determine intent. ATC's proprietary Long Range Acoustic Devices are currently utilized in a variety of government, military and commercial applications around the world, including deployments with the U.S. Marine Corps, U.S. Army, and U.S. Navy.

"Working with our partners in the Far East, we are gaining traction in opening new markets in this important region of the world," said Tom Brown, president and CEO of American Technology. "Due to continuing piracy and terrorist threats, a growing number of Asian military and commercial security organizations are evaluating and procuring LRAD systems."

About American Technology Corporation

American Technology Corporation is Shaping the Future of Sound® by providing directed audio solutions that place clear, highly intelligible sound exactly where needed. ATC's Long Range Acoustic Device (LRAD®), HyperSonic® Sound, and SoundSaber® product lines make up the core of an expanding portfolio of directed sound products and technologies. For more information about ATC and its directed sound solutions 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.