American Technology Corp. Signs Business Development Agreement With TEKSEL Of Japan.SAN DIEGO--(BUSINESS WIRE)--Oct. 20, 1997--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 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 ), Monday reported that it has signed a business development agreement with TEKSEL Co. Ltd. of Tokyo. TEKSEL is the leading Japanese distributor of advanced USA technology products, representing premier companies such as Advanced Micro Devices, Raytheon, Zilog, Applied Micro Circuits, Omni Vision and Digital Semiconductor. Found in 1975, TEKSEL has a customer base that includes NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Sony, Pioneer, Panasonic, Hitachi, Fujitsu, Sharp, Toshiba and other major Japanese companies. TEKSEL specializes in acting as the communications link between major integrated circuit companies in the United States and manufacturers of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and in Japan, including applications support and design services. "To establish a serious business in Japan requires both a local presence and solid business relationships," said Bob Todrank, vice president, licensing and business development for 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 . "TEKSEL has both significant business credibility and technical expertise with major Japanese corporations. "TEKSEL will forge ATC's business relationships with the leading Japanese companies who have indicated their desire to integrate ATC's HSS technology into consumer products. TEKSEL will oversee the licensing, selling, product design and distribution of HSS while protecting the intellectual property and product assets of ATC." "HyperSonic Sound is an amazing emerging audio technology," said Shoji shoji In Japanese architecture, sliding partition doors and windows made of a latticework wooden frame and covered with a tough, translucent white paper. When closed, they softly diffuse light throughout the house. Akutsu, president of TEKSEL. "Providing applications support for Japanese companies designing HSS into products is an unprecedented opportunity for TEKSEL to be part of the dawn of a new audio industry. Bringing this technology into Japan and seeing the reaction of leading scientists, engineers and industry executives has been exhilarating." HyperSonic Sound is a new technology in sound production that employs ultrasonic tones in a new patents-pending process to produce sound directly in the air. HSS eliminates many forms of distortion and reduces room acoustical effects. It uses little space and weight and is comparatively efficient and cost competitive relative to direct radiating loudspeakers. The laserlike HSS ultrasonic beam can project audible sound to virtually any listening environment, creating many applications previously impossible with existing speaker 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., San Diego Robert Putnam, 619/679-3168 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion