Authentic Ltd. Signs Licensing Agreement for American Technology Corp.'s Stratified Field Speaker Technology.SAN DIEGO--(BUSINESS WIRE)--June 22, 1998-- Authentic To Manufacture 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 Speakers For Electronic Systems 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, today announced that Authentic Ltd., of Kawasaki, Japan has entered into a royalty-bearing Licensing Agreement to manufacture American Technology Corp.'s (ATC's) SFT flat panel speaker technology for electronic systems applications. "We are pleased to be the first company to bring high fidelity high fidelity n. The electronic reproduction of sound, especially from broadcast or recorded sources, with minimal distortion. high sound to new products by using SFT technology in electronic systems," said Nobuyuki Kondo, president of Authentic Ltd. "Our first priority will be manufacturing SFT for Japanese customers." "We are very pleased to have Authentic manufacturing SFT for multimedia products," stated Elwood G. Norris, founder and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of 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 . "SFT speakers are incredibly thin and non-magnetic creating unparalleled sound for multimedia applications." SFT is a patents-pending flat panel speaker technology that offers superior performance over conventional high-end loudspeakers in an easily manufactured ultra-thin form factor. The light-weight SFT speaker is non-magnetic and can be produced in a variety of sizes and shapes without the costly and exacting manufacturing process demanded of other high-end speaker systems. 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. Authentic Ltd. is a Japanese company which manufactures advanced audio devices and develops digital sound technology. For more information on Authentic Ltd. and its products visit www.authentic.co Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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.
Robert Putnam, 619/679-3168
http://www.atcsd.com
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