American Technology Corp. and SANYO Technosound Co., Ltd. Sign Agreement; Licensing Objectives Outlined for SFT.SAN DIEGO--(BUSINESS WIRE)--March 1, 1999--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 ) announced today that it has signed an Agreement with SANYO Technosound Co., Ltd. of Japan. Under the Agreement, SANYO and 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 will negotiate terms and conditions of Sanyo's licensing ATC's 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. If licensed, this thin panel, loudspeaker technology is expected to be used in a number of new products being developed by Sanyo Technosound as well as being incorporated into some of their existing products. "As a new product division of SANYO Electric Co., Ltd., SANYO Technosound is always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. new and innovative technologies which can differentiate our products," said Takao Suzuki, general manager of New Business Development for SANYO Technosound. "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 Technology provides us an opportunity to develop new products using a high quality, thin panel speaker technology which can be shaped into new and unique products. Since SFT can also be totally flat, we also look forward to investigating opportunities to integrate it into some of our existing product line." SANYO Electric Co., Ltd. is a world-wide manufacturer of a broad range of electronic products including video equipment, audio equipment, home appliances, industrial and commercial equipment, information systems and electronic devices. SANYO Electric Co., Ltd. had consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $14.14 billion in the fiscal year ended March 31, 1998. "SANYO Technosound is taking aggressive strides in differentiating their products with new technologies and ideas," stated Bob Todrank, vice president of sales, marketing & business development for ATC. "This Agreement represents a major step toward a final SFT License with Sanyo while defining and protecting both companies' intellectual property. We are looking forward to working with them closely to incorporate SFT into their product line." SFT is a new, thin panel, loudspeaker transducer technology providing superior sound quality, competitive pricing, unique design opportunities, thin and flexible form factor, elimination of the "speaker box", simple manufacturing process, very light weight, and elimination of magnets for a wide variety of quality conscious audio applications. The properties of SFT make it ideal for products such as flat panel video displays, home theater systems, personal audio systems, installed sound reinforcement, Hi-Fi speakers, and other applications that gain advantage from physically flat or uniquely shaped and audibly superior loudspeakers. American Technology Corp. is shaping the future of audio technology 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 hy·per·son·ic adj. Of, relating to, or capable of speed equal to or exceeding five times the speed of sound. hy (TM) Sound Technology), SFT(TM) (Stratified Field(TM) Technology), Jet Engine Noise Reduction system and FM Sounds(TM) consumer radio products. For more information on the company and its technologies and products visit www.atcsd.com. SANYO Electric Co., Ltd. and SANYO Technosound Co., Ltd. are headquartered in Osaka, Japan. For more information on SANYO, visit www.sanyo.co.jp. 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. |
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