American Technology, New Navy Contracts

Monday, January 12, 2009

 American Technology Corporation (ATC) (NASDAQ: ATCO), a provider of directed sound products and technologies, has received two new LRAD orders totaling $2.7m 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 $2.3m, 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,” said 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."

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.

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 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 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 year 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.”

(www.atcsd.com)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

Navy

EDGE Facility to Develop, Deliver Security Capabilities

Center in Nova Scotia will focus on rapidly delivering new technologies and capabilities to the Royal Canadian Navy as they transition to future fleet.    General

Northrop Grumman Advances Unmanned Maritime Capabilities

Innovative unmanned systems program moves forward to Phase II.   Northrop Grumman Corporation (NYSE: NOC) is developing new, advanced unmanned systems to support

VADM Hilarides Commander, Naval Sea Systems Command

Vice Adm. William Hilarides, the commander of the Naval Sea Systems Command (NAVSEA), recently spoke to a small group of reporters about his vision for NAVSEA and

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2142 sec (5 req/sec)