American Technology Corp. Signs Royalty-Bearing Manufacturing and Licensing Agreement With HST Inc. for Stratified Field & PureBass Technologies.Business Editors SAN DIEGO--(BUSINESS WIRE)--Sept. 6, 2000 American Technology Corp. (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 ) today announced a royalty-bearing manufacturing and license agreement for their 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) (SFT SFT Statens Forurensningstilsyn (Norwegian Pollution Control Authority) SFT System Fault Tolerance SFT Shaft SFT Secure File Transfer SFT School Food Trust (UK) SFT Societe Francaise des Traducteurs (TM)) speaker and PureBass(TM) sub-woofer technologies with HST (1) See Hubble Space Telescope. (2) An earlier asymmetrical modem protocol from U.S. Robotics that included error control and compression and transmits from 4800 to 14400 bps in one direction and from 300 to 400 bps in the other. (R) Inc., a Southern California-based manufacturer of high quality composite components and assemblies. HST manufactures components for, among others, major guitar and drum manufacturers and JBL JBL James Bullough Lansing (audio/speaker engineer) JBL Journal of Biblical Literature JBL John Bradshaw Leyfield (wrestler) JBL Jonathan Bell Lovelace (investment research) (R), a professional and consumer speaker division of Harman International. "After achieving a high degree of success as an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and manufacturer, we began actively pursuing new growth and diversification, particularly in the area of our own branded products," said Tod Boretto, president of HST Inc. "Our search for new opportunities led us to 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 and their SFT thin-film speaker and PureBass sub-woofer technologies. Licensing SFT and PureBass for our own product line and offering our manufacturing services to other ATC licensees fit perfectly into our expansion plans." Boretto added, "Our experience with molding carbon fiber composite materials brings new levels of sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. to the SFT transducer production process. After careful evaluation and research, we believe that the various industrial design capabilities offered by SFT will allow us to build new categories of speaker products and enter the Hi-Fi/Home Theater markets with a new brand known for innovation, new marketing concepts, unique distribution, and most importantly, high quality sound." Stratified Field Technology (SFT) is ATC's patent pending, non-magnetic, thin film loudspeaker technology. PureBass is ATC's patent pending sub-woofer technology providing for reduced distortion, higher performance, and the perfect match for the SFT thin-film speaker technology. SFT and PureBass together offer the audio and Home Theater consumer a superior listening experience at an affordable price. Bob Todrank, V.P. of sales, marketing, & business development for ATC, said, "We are pleased to have HST as a primary SFT and PureBass licensee. Their concepts for unique Hi-Fi/Home Theater speaker products will showcase the very best qualities of our technologies." Todrank continued, "Because of their impressive on-site capabilities for tooling, molding and component manufacturing, HST is a valuable partner as an OEM supplier of SFT products to other expected licensees. Their in-house expertise will allow fast turnaround between engineering and first prototype production run. Our agreements with Thomson, HST, and other expected licensees in Europe and Asia will complete the foundation for the worldwide retail rollout of consumer products containing our SFT and PureBass technologies." About HST Inc. HST Inc. was founded in 1989 to specialize in high quality carbon fiber composite molding and manufacturing. HST's slogan, "Serious Engineering for Serious Fun" says it all. They have developed a successful global business through highly sophisticated engineering capabilities and by focusing on skilled technical sales to their OEM customers. Some of HST's many OEM products include composite golf club shafts for all the major golf club brands, drum parts, composite speaker parts for JBL, a division of Harman International, composite guitar necks, composite drive shafts for automobiles, and other OEM composite molded parts. HST employs approximately 500 people and maintains three manufacturing facilities in Southern California. HST is a manufacturing member of NAMM NAMM International Music Products Association NAMM National Association of Music Merchants NAMM National Association of Music Manufacturers NAMM National Association of Mirror Manufacturers (International Music Products Association). About American Technology Corp. 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 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) (HyperSonic(TM) Sound Technology); SFT(TM) (Stratified Field(TM) Technology); PMT See photomultiplier tube. (TM) (Planar Magnetic(TM) Technology); MFW(TM) (Magnified Force(TM) Woofer); PureBass(TM) Sub-Woofer Technology; and FM Sounds(TM) consumer radio products. 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: 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. JBL(R) is a registered trademark of Harman International. |
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