American Technology Corp. Delivers Completed Hypersonic Sound Technology to Bath Iron Works for Implementation and Testing On Board Navy Ships.Business Editors and High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Aug. 16, 2000 American Technology Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 ) Wednesday announced the delivery of HyperSonic 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 (TM)) technology evaluation samples to Bath Iron Works Bath Iron Works (BIW) is a shipyard located on the Kennebec River in Bath, Maine. Since its foundation in 1884 by Thomas W. Hyde, Bath Iron Works has built private, commercial and military vessels. , a General Dynamics Company, per a development contract awarded by NAVSEA NAVSEA Naval Sea Systems Command NAVSEA Naval Avionics Support Equipment Appraisal . Bath Iron Works, located in Bath, Maine, will conduct testing on board a U.S. Navy Aegis Destroyer for a variety of applications to determine where the attributes of HSS will best serve the Navy's unique requirements. This is the first shipment incorporating all of ATC's latest HSS developments into evaluation samples. It incorporates ATC's patented HSS emitter, fully digital modulation circuitry (patent-pending), and digital amplifier. The company's new digital modulation circuitry greatly enhances the clarity and narrowness of the highly directional beam of sound. "We are excited at the prospects for commercialization of HSS after years of research and development. Our highly skilled team has overcome numerous design issues and changes in component availability to rework the technology to a platform that we believe we can manufacture in the near term," said Con Brosnan, president 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 ATC. "We believe that as people see and experience HSS, thousands of new, innovative applications will be created and developed to utilize our unique, patented technology." HyperSonic Sound Technology, under development in the laboratories of American Technology Corp. in San Diego, is a revolutionary sound reproduction system. The most important quality of HSS(TM) is the ability to direct or focus sound into a tight beam, similar to the beam of light from a flashlight. Not since the development of the "cone" loudspeaker more than 75 years ago has any technology provided such significant departure from conventional speakers and such a remarkable approach to the reproduction of sound. About Bath Iron Works Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 7,600 people. It is a subsidiary of General Dynamics (NYSE NYSE See: New York Stock Exchange :GD), with headquarters in Falls Church, Va. General Dynamics has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The company employs 43,000 people worldwide and has annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately $10 billion. More information about General Dynamics can be found on the World Wide Web at www.generaldynamics.com. About American Technology American Technology is shaping the future of sound by developing and licensing its patented and patents-pending technology portfolio which includes: the award-winning HSS(TM) (HyperSonic(TM) Sound Technology) and SFT(TM) (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(TM) Technology) as well as MFW(TM) (Magnified Force(TM) Woofer); and FM Sounds(TM) consumer radio products. For more information on the company and its technologies and products visit the company's 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: Except for historical information contained here, the matters discussed in this news release contain forward-looking statements which involve risks and uncertainties, including the timely availability and acceptance of new products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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