http://www.noiseaddicts.com/2008/09/lou ... the-world/
Here is an article about Wyle Lab's WAS3000 modulated air loudspeaker.
You can visualize it as a voice coil driven diaphone. The voice coil drives a slotted cylinder aligned with stationary slots to the throat of a horn. At higher pressures of operation, such as 30 PSI, macrosonic distortion occurs, as air no longer behaves in a linear manner. A sine wave drive to the voice coil results in a sawtooth wave output from the horn. At low operating pressures around 1 PSI the output is similar to the input in that a sine wave input to the voice coil results in a sine wave output to the horn over its operating frequency range.