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AMERICAN TECHNOLOGY AND MARUBENI INFORMATION SYSTEMS
ENTER INTO DIRECTED SOUND PRODUCTS
DISTRIBUTION AGREEMENT
SAN DIEGO, CA, December 3, 2008 - American Technology Corporation (ATC) (NASDAQ: ATCO),a leading provider of directed sound products and technologies today announced that it has entered into a direct distribution agreement with Marubeni Information Systems Co., Ltd. a wholly-owned subsidiary of Marubeni Corporation, one of Japan's largest trading companies. Under the agreement, ATC is partnering with Marubeni Information Systems to develop HSS®, SoundSaber® and LRAD® business and distribution in Japan.
Headquartered in Tokyo, Marubeni Corporation's wide range of businesses include energy, metal, mineral resources, chemicals, transportation, industrial machinery, power projects, shipping, real estate, food, lifestyle and other market sectors.
"We're pleased to be partnering with Marubeni Information Systems to further develop the market and distribution of our proprietary HSS, SoundSaber and LRAD products in Japan," remarked Tom Brown, president and CEO of American Technology. "Marubeni's substantial expertise, experience and resources will greatly benefit our efforts to market and sell our directed sound products into several Japanese industries."
Under the agreement, Marubeni Information Systems will purchase directed sound products directly from ATC and will market, promote, display, distribute and sell HSS, SoundSaber and LRAD products using ATC's proprietary brand names, logos and service marks.
About Marubeni Corporation
Marubeni Corporation was founded in 1858 and is one of Japan's largest corporations. Traded on the Tokyo Stock Exchange, Marubeni has over 5,300 employees and 22 subsidiaries around the world.
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 NeoPlanar® 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 http://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, 2007 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