American Technology Corporation Appoints Raymond C. Smith to Board of Directors; Retired Navy SEAL Admiral Brings 31 Years of Leadership Experience in the U.S. Military's Most Selective Organization to ATC.SAN DIEGO -- American Technology Corporation Further information might be found on the talk page or at requests for expansion. (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 ) (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 ), a leading innovator of directed sound products and solutions, today announced the appointment of Raymond C. Smith as an independent director to its board. Admiral Smith is widely regarded as one of the Navy's most inspirational leaders. A Navy SEAL for 31 years, Admiral Smith achieved extraordinary success through focused, participatory leadership. During his four-year tenure as commander of the 2,300-man SEAL force, he raised personnel retention to a level three times the Navy average. As a Navy Captain, Admiral Smith led the Navy SEALs in Operation Desert Storm Noun 1. Operation Desert Storm - the United States and its allies defeated Iraq in a ground war that lasted 100 hours (1991) Gulf War, Persian Gulf War - a war fought between Iraq and a coalition led by the United States that freed Kuwait from Iraqi invaders; , conducting over 200 operations of strategic significance while incurring no casualties. Earlier in his career, Admiral Smith directed Navy SEAL training, generally considered to be the most challenging military training in the world. While in this position, Admiral Smith achieved the highest graduation rate in the 50-year history of the course (55%). Admiral Smith was also the first Navy flag officer to hold the position of Director of Assessment with the Office of the Chief of Naval Operations chief of naval operations n. pl. chiefs of naval operations Abbr. CNO The ranking officer of the U.S. Navy, responsible to the secretary of the Navy and to the President. . In this position, Admiral Smith led 100 system analysts in providing recommendations directly to the Chief of Naval Operations to enable an improved execution of an $85 billion annual budget. Admiral Smith has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies from the U.S. Naval Academy and a Master of Science in Physical Oceanography from the U.S. Naval Postgraduate School The Naval Postgraduate School is a graduate school operated by the United States Navy. Located in Monterey, California, it grants primarily master's degrees plus some doctoral degrees to its students, who are mostly active duty officers from U.S. and foreign military services. . "For over 30 years, Admiral Smith worked in the ultimate team environment," said John Zavoli, ATC's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "The Admiral's substantial experience in team building, strategic planning and project management, and excellent analytical and communications skills, are tremendous assets for our board. His senior military leadership and extensive network of contacts should greatly assist our government and military business." "We are very pleased to have Admiral Smith join our board of directors," commented Elwood G. Norris, founder and chairman of American Technology Corporation. "His team-oriented, results-driven approach should prove valuable as we drive ATC's growth and leadership in Shaping the Future of Sound(R)." Commenting on his appointment, Admiral Smith said, "ATC has an impressive array of directed sound technologies and solutions that have applications for a wide range of commercial and military products. I am excited to add my experience and vision to the board and to work with ATC's management team. We are committed to realizing the company's goals of achieving profitability and increasing global demand for our directed sound technologies, products and solutions." About American Technology Corporation American Technology Corporation is Shaping the Future of Sound(R) through its proprietary directed sound products and technologies which include: 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 (R) (HyperSonic(R) Sound technology), 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 ) products family, NeoPlanar(R) products family, Sound Vector(TM) technology and others. The Company is establishing a strong portfolio of patents, trademarks and intellectual property, including over 320 U.S. and foreign patents and pending patent applications to date. For more information on the Company and its technologies and products please 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 herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, including, but not limited to, the performance of our management team, market acceptance of our directed sound technologies and products, entry of competitors, the possibility our intellectual property protections will not prevent others from marketing products similar to or competitive with our products, potential technical or manufacturing difficulties that could delay product deliveries or increase warranty costs, and other risks identified and discussed in our 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 our current expectations. For more information regarding other potential risks and uncertainties, see the "Risk Factors" section of the Company's Form 10-K for the year ended September 30, 2005. American Technology Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated. |
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