American Technology Corp. Secures Patent For Its Global Positioning System.SAN DIEGO--(BUSINESS WIRE)--Dec. 2, 1997-- Portable Device Tracks Moving Objects To Within Two Feet American Technology Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :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 ), a San Diego developer of innovative electronic and acoustic technologies including HyperSonic hy·per·son·ic adj. Of, relating to, or capable of speed equal to or exceeding five times the speed of sound. hy 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 ), Tuesday announced that it has been awarded the first of several patents filed on its Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS) technology. Code-named Tracker, ATC's GPS is a portable device that features unprecedented accuracy to within one to two feet. Operating in three dimensions, Tracker is the first low-cost, portable GPS unit designed to locate moving objects, such as children or pets, and to provide the elevation, direction, and distance of moving or stationary objects. The portable receiving unit and any one of multiple remote tracking units can be moving at the same time. "Most GPS systems require map reading skills and with the signal from NAVSTAR See GPS. satellites are only accurate to an average of 33 feet," said Elwood G. Norris, chief technology officer. "ATC's GPS achieves a much higher order of accuracy without a ground-based differential signal. Tracker features point-and-read ease-of-use and will be small, lightweight and battery-operated." According to the Consumer Electronics Marketing Association, the GPS market is exploding. With a 40 percent annual growth rate, the GPS market is expected to reach $8 billion by the year 2000. "With only a fraction of the circuitry required by other GPS systems, Tracker will be very low-cost relative to GPS systems currently on the market," said Dale W. Williams, president and chief executive officer. "We believe that we can rapidly exploit this technology by allocating a separately funded team to the Tracker product. This allows 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 to move forward on this important GPS technology breakthrough while keeping our momentum on HyperSonic Sound technology." American Technology Corp. is a San Diego-based electronics company specializing in the development, manufacture and marketing of leading-edge proprietary electronic products and acoustical technologies. For more information on the company and its products, visit www.atcsd.com . -0- 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: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the electronic products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings. CONTACT: American Technology Corp. Robert Putnam, 619/679-3168 |
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