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Proc-Type: 2001,MIC-CLEAR
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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.
FOR IMMEDIATE RELEASE AMERICAN TECHNOLOGY TO REPORT RECORD FISCAL Q3 REVENUES OF OVER $4.0 MILLION Company Surpasses Total Fiscal 2008 Revenues In First Nine Months of Fiscal 2009 SAN DIEGO, CA, July 8, 2009 - American Technology Corporation (ATC) (NASDAQ: ATCO), the source of the Long Range Acoustic Device™ (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™ 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™ (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:
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
FOR FURTHER INFORMATION CONTACT:
Investor Relations:
Robert Putnam
(858) 676-0519
robert@atcsd.com
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