American Technology to Report Record Fiscal Q3 Revenues of Over $4.0 Million
08 Julho 2009 - 9:30AM
Marketwired
American Technology Corporation (ATC) (NASDAQ: ATCO), the source of
the Long Range Acoustic Device(TM) (LRAD�) product line, announced
today that it expects to report record fiscal Q3 revenues and to
surpass total fiscal 2008 revenues in the first nine months of
fiscal 2009. For fiscal Q3 2009, the Company expects to report
revenues of over $4.0 million, surpassing fiscal Q3 2008 revenues
of $2.7 million. For the first nine months of fiscal 2009 ended
June 30, 2009, the Company expects to report record revenues of
over $12.4 million, exceeding the $11.2 million in total revenues
reported in fiscal year 2008.
"We followed our record quarterly revenues in fiscal Q2 with a
strong fiscal Q3 anchored by LRAD sales to military and commercial
maritime customers," remarked Tom Brown, president and CEO of
American Technology. "In addition to LRAD deliveries, we shipped
LRAD accessories to the U.S. Navy and launched and received the
first order for our new LRAD 300X(TM) from the U.S. Army. Further
300X orders are expected this year."
"Having already exceeded fiscal 2008 revenues, we are focused on
a strong finish to fiscal 2009 and building our business through
increasing year over year LRAD sales and revenue growth," Brown
added. "As we work to make LRAD a global standard, we are very
encouraged with the developing markets and increasing acceptance of
our proprietary product line and look forward to announcing more
LRAD orders and business developments."
About American Technology Corporation
American Technology Corporation is Shaping the Future of Sound�
by providing directed audio solutions that place clear, highly
intelligible sound exactly where needed. ATC's Long Range Acoustic
Device(TM) (LRAD�) and other directed sound technologies comprise
the core of an expanding portfolio of products being used in
diverse applications including, global military deployments,
maritime security, critical infrastructure/commercial security,
border/port security, law enforcement/emergency responder
communications, and wildlife protection and control. For more
information about ATC and its directed sound products, please visit
the company's web site at www.atcsd.com.
Safe Harbor statement under the Private Securities Litigation
Reform Act 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
fiscal year ended September 30, 2008. American Technology
Corporation disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically
stated.
FOR FURTHER INFORMATION CONTACT: Investor Relations: Robert
Putnam (858) 676-0519 Email Contact
American Technology (NASDAQ:ATCO)
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