American Technology Corp. Signs HSS-R- Manufacturing Agreement With Magnotek Manufacturing.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--June 17, 2003 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 ) today announced a manufacturing agreement with Magnotek Manufacturing, a wholly-owned subsidiary of The Advanced Group headquartered in Riverside, Calif. Under the agreement, Magnotek will be manufacturing and assembling Generation II 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 systems for American Technology Corp. and its growing list of original equipment manufacturers (OEMs). Don Furness, president of The Advanced Group, said, "We are excited to be working with ATC in delivering HSS systems in volume. Most of the manufacturing and assembly work will be taking place in our modern 50,000 square foot facility. We offer a wide range of additional options, services and vendors to meet the requirements and volumes we expect ATC to generate." James Irish, 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, commented, "Magnotek has built HSS electronics over the last 18 months with an outstanding track record of on-time delivery. They are demonstrating the ability to scale up quickly to meet our expansion needs as we are experiencing accelerating OEM demand for the focused sound solution offered by our revolutionary HSS technology. We are confident in their ability to transition from in-house HSS manufacturing and assembly at this critical juncture in our HSS business development." Tom Tulowitzki, senior-vice president of manufacturing, said, "Magnotek was selected after an extensive evaluation of several manufacturers. Magnotek has operated in a manner consistent with the best interests of ATC, and we are very confident that Magnotek will meet our growing HSS manufacturing needs." 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 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 (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 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: HSS 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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