-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DQMOAOrAw0MfAcCKzEhoRLvt5dkDJpC5jErXX9wFzEgjktcDgTmS8AOvoWbBGVwu A1Z5CC+ujvliC+084uf1Pw== 0001181431-09-002146.txt : 20090109 0001181431-09-002146.hdr.sgml : 20090109 20090109142627 ACCESSION NUMBER: 0001181431-09-002146 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090108 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090109 DATE AS OF CHANGE: 20090109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN TECHNOLOGY CORP /DE/ CENTRAL INDEX KEY: 0000924383 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 870361799 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24248 FILM NUMBER: 09518201 BUSINESS ADDRESS: STREET 1: 15378 AVENUE OF SCIENCE, SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92128 BUSINESS PHONE: 858-676-1112 MAIL ADDRESS: STREET 1: 15378 AVENUE OF SCIENCE, SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92128 8-K 1 rrd229195.htm PRESS RELEASE DATED JANUARY 8, 2009 Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  01/08/2009
 
American Technology Corporation
(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-24248
 
Delaware
  
87-0361799
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
15378 Avenue of Science, Ste 100,
San Diego, California 92128
(Address of principal executive offices, including zip code)
 
858-676-1112
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 2.02.    Results of Operations and Financial Condition
 
On January 8, 1009, we issued a press release announcing new LRAD orders from the U.S. Navy and preliminary orders and shipments for the first fiscal quarter of 2009. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 
 
Item 9.01.    Financial Statements and Exhibits
 
Exhibit Number          Description
99.1                      Press Release, dated January 8, 2009, issued by American Technology Corporation.
 

 

Signature(s)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
 
American Technology Corporation
 
 
Date: January 09, 2009
     
By:
 
/s/    Katherine H. McDermott

               
Katherine H. McDermott
               
Chief Financial Officer
 
 


 

Exhibit Index
 
Exhibit No.

  
Description

EX-99.1
  
Press Release dated 1/8/09
EX-99.1 2 rrd229195_27032.htm PRESS RELEASE DATED 1/8/09 FOR RELEASE UPON APPROVAL

FOR IMMEDIATE RELEASE

AMERICAN TECHNOLOGY ANNOUNCES $2.7 MILLION

IN NEW LRAD® ORDERS FROM U.S. NAVY

Company Receives Orders Totaling Over $5.5 Million in Fiscal Q1

SAN DIEGO, CA, January 8, 2009 - American Technology Corporation (ATC) (NASDAQ: ATCO), a leading provider of directed sound products and technologies, announced today it has received two new LRAD® orders totaling $2.7 million from the U.S. Navy. The orders were received late last quarter (fiscal Q1) and are scheduled to ship in fiscal Q2.

The first order, totaling $2.3 million, includes LRAD 500X™ systems for deployed security forces and enhanced LRAD 500® systems for force protection and anti-terrorist applications. LRAD 500X is the only acoustic hailing device (AHD) that meets the U.S. Navy's intelligible voice transmission, size, power, and weight requirements. This is the third major order secured through maritime security representative, Anchor Innovation.

"Recently, the U.S. Navy and the U.S. Army conducted extensive operational testing of the LRAD 500X," remarked Tom Brown, president and CEO of ATC. "The testing was conducted in an extremely harsh waterside environment. Despite crosswinds and headwinds at speeds of 20 knots sustained, gusting to 35 knots, the LRAD 500X exceeded expectations.  The successful testing, along with the positive experience of the Navy with previously deployed LRAD systems, paved the way for this order."

The second order, totaling approximately $400,000, is the fifth delivery of LRAD 1000X™ systems under the Shipboard Protection System, Block 0 contract awarded to ATC by the U.S. Navy in October 2007. Under the contract, ATC is supplying LRAD 1000X systems to the 270 ships that comprise the Navy's large vessel fleet. LRAD 1000X is the only AHD that meets the Navy's voice intelligibility and range requirements for large vessel anti-terrorism applications and force protection.

"Crew feedback has been extremely positive regarding LRAD 1000X's broadcast capability and robust construction," commented Scott Stuckey, ATC's vice president of business development. "Our LRAD 1000X systems feature composite and stainless steel construction that can withstand even the harshest maritime environment."

ATC developed its proprietary LRAD product line to assist military and security forces in determining the intent of potential threats at safe distances, providing authorized personnel time and distance to scale their response based on a threat's actions. LRAD is highly effective using directionality and focused acoustic output to clearly transmit critical information, instructions and warnings at distances in excess of 1000 meters. LRAD can be manually operated or integrated into a remotely controlled security network's command and control center. Through the use of powerful voice commands and deterrent tones, LRAD can create large safety zones, resolve uncertain situations, and potentially save lives on both sides of the device.

"We're off to a strong start in the first half of fiscal 2009 with over $5.5 million in new orders received in our first quarter, of which approximately $2.5 million were shipped, with the balance scheduled to ship in our second quarter," Brown added. "We're on course to surpass fiscal 2008 revenues as we expect to receive, announce and ship further directed sound orders this quarter."

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 (LRAD®), HyperSonic® Sound, and SoundSaber® product lines make up the core of an expanding portfolio of directed sound products and technologies. For more information about ATC and its directed sound solutions 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 and Form 10-Q for the quarter ended June 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

robert@atcsd.com

 

 

 

-----END PRIVACY-ENHANCED MESSAGE-----