American Technology's HyperSonic Sound Wins 2002 Popular Science Grand Award; HSS Honored by Magazine's 15th Annual Best of What's New Awards.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Nov. 11, 2002 American Technology Corp. (Nasdaq:ATCO ATCO Air Traffic Control Officer ATCO Association of Transport Coordinating Officers (UK) ATCO Air Tanker/Fixed Wing Coordinator ATCO Aviation Transportation Coordination Office ATCO Air Taxi and Commercial Operator ) announced today that its HyperSonic hy·per·son·ic adj. Of, relating to, or capable of speed equal to or exceeding five times the speed of sound. hy (R) Sound (HSS HSS Humanities and Social Sciences HSS High Speed Steel HSS Home Subscriber Server (3GPP) HSS Hospital for Special Surgery (New York, NY, USA) HSS Hospital for Special Surgery HSS History of Science Society (R)) technology has won the Grand Award for General Technology from the Popular Science 2002 15th Annual Best of What's New Awards. HSS was selected from among thousands of new products, technology developments, and scientific achievements recognized by Popular Science. HyperSonic Sound, along with other winners, is being featured in Popular Science's December 2002 issue which will be released tomorrow, November 12th. Elwood Norris, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Technology, said, "We are honored that the editors of Popular Science have recognized the scientific merit and many diverse applications of our HSS technology. After more than six years of research and development, we are now commercializing this important breakthrough in sound reproduction." HSS will also be eligible for the Popular Science Reader's Choice Award which will be announced on Jan. 10, 2003. The Award will be based on popular votes tallied on the magazine's Web site at www.popsci.com. HyperSonic Sound is a revolutionary new technology for sound reproduction. Utilizing thin proprietary ultrasonic emitter devices, HSS focuses and directs sound creating many new sound applications previously impossible with conventional loudspeaker technology. About Popular Science Popular Science Properties is a division of Time4 Media, the world's leading publisher of leisure-time magazines. Founded in 1872, Popular Science is the world's largest science and technology magazine with a circulation of 1.45 million subscribers and a readership of more than seven million people. Time4 Media is a subsidiary of Time Inc., which is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner Inc. (NYSE NYSE See: New York Stock Exchange :AOL). About American Technology Corp. American Technology is Shaping the Future of Sound(R) by developing, producing and licensing its technology and proprietary intellectual property portfolio which includes: the award-winning HSS(R) (HyperSonic(R) Sound Technology); NeoPlanar(R) Speaker Technology; PureBass(R) Sub-Woofer Technology; Stratified stratified /strat·i·fied/ (strat´i-fid) formed or arranged in layers. strat·i·fied adj. Arranged in the form of layers or strata. Field(R) Technology and Non-lethal Weapon technology. The company is establishing a strong portfolio of patents, trademarks, and know-how including over 124 U.S. and Foreign patents and patent filings to date. For more information on the company and its technologies and products please visit our Web site at www.atcsd.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This document contains forward-looking statements relating to future transactions, performance, technology and product development which may affect future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risks and uncertainties, including development of future products, technological shifts, potential technical difficulties that could delay new products, competition, general economic factors, pricing pressures, the uncertainty of market acceptance of new products and services by OEMs and end-user customers, and other factors identified and discussed in the Company's most recent 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 the Company's current expectations. |
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