American Technology Corp. Awarded Key Military Contract to Deliver Modified Long Range Acoustic Devices -LRAD-TM-.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 21, 2003 American Technology Corp. to Integrate LRAD LRAD Long Range Acoustic Device (non-lethal weapon that creates a directed beam of earsplitting noise) LRAD Long-Range Alpha (Particle) Detection LRAD Licentiate of the Royal Academy of Dance into Navy Shipboard Force Protection Systems American Technology Corp. (ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered ) (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 it has received, through General Dynamics Armament and Technical Products division, a key contract awarded by the Naval Surface Warfare Center Noun 1. Naval Surface Warfare Center - the agency that provides scientific and engineering and technical support for all aspects of surface warfare NSWC Crane. The contract calls for ATC to deliver modified LRADs to support the pan/tilt and remote operation of the Aircraft Carrier Situational Awareness System (ACSAS ACSAS Advanced Conformal Submarine Acoustic Sensor ) and Integrated Radar Optical Sighting & Surveillance System (IROS IROS Intelligent Robots and Systems (Conference) IROS Internet Radio Operating System (Rooftop) IROS Increased Reliability of Operational System IROS Improved Relief On Station 3). ACSAS and IROS3 are the U.S. Navy's high profile shipboard force protections systems of the future, expected to be installed on all aircraft carriers and surface combatants to protect against small boat threats in port, restricted waters and littoral zones. LRAD adds significant capability to the integrated optics, command and control, and lethal weapon suite by providing a simple, repeatable and reliable way to determine intent through long range hailing and warning. "This contract award represents a significant step towards LRAD's recognition as 'The Sound of Force Protection(TM)'", said Carl Gruenler, vice president of Military Operations. "ACSAS and IROS3 are completing the research, development, test and evaluation phase this year. Should these similar systems for multiple platforms be evaluated favorably as expected, they will become programs of record with installation on Navy carriers and surface combatants commencing in calendar year 2004." "The initial contract is expected to bring approximately $240,000 in revenue to ATC over the next three months. If LRAD-enabled ACSAS and IROS3 become the standard for the Navy, LRAD could quickly be deployed throughout the fleet's more than 300 ships," concluded Gruenler. About American Technology Corp. American Technology Corp. is Shaping the Future of Sound(R) by developing and licensing its technology and intellectual property portfolio which includes: the award-winning HSS(R) (HyperSonic(R) Sound Technology); NeoPlanar(R) Technology; PureBass(R) Sub-Woofer Technology; HIDA HIDA Health Industry Distributors Association HIDA Hepatobiliary Iminodiacetic Acid (scan to evaluate galbladder) HIDA High Intensity Directional Acoustics (American Technology Corporation and Carver Corporation) (TM) (High Intensity Directed Acoustics), LRAD(TM) (Long Range Acoustic Device The long range acoustic device (LRAD) is a crowd-control and hailing device developed by American Technology Corporation. The equipment weighs 45 pounds (20 kg) and can emit sound in a 15 to 30° beam (only at high frequency) from a device 33 inches (83 cm) in ) and SFT(R) (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). The company is establishing a strong portfolio of patents, trademarks, and know-how including over 138 U.S. and Foreign patents and patent filings to date. For more information on the company and its technologies and products visit our Web site at www.atcsd.com. Safe Harbor 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 the ability of the company to continue as a going concern, development of future products, technological shifts, potential technical or manufacturing 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. American Technology Corporation  Please help [ improve this article] by expanding it.Further information might be found on the talk page or at requests for expansion. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated by it. Editors Note: HyperSonic Sound, HSS, LRAD, The Sound of Force Protection and Shaping the Future of Sound are trademarks or registered trademarks of American Technology Corp. All other company, product, and service names are the property of their respective owners. |
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