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LRAD CORPORATION ANNOUNCES RESELLER AND MANUFACTURING LICENSE AGREEMENT WITH CHINA'S BEIJING PAIER TECHNOLOGIES, INC.



LRAD CORPORATION ANNOUNCES RESELLER AND MANUFACTURING LICENSE AGREEMENT WITH
CHINA'S BEIJING PAIER TECHNOLOGIES, INC.

Paier Setting Up LRAD(r) Exhibition Center in Beijing

SAN DIEGO, April 23, 2013 (GLOBE NEWSWIRE) -- LRAD Corporation (Nasdaq:LRAD),
the world's leading provider of long range acoustic hailing devices (AHDs),
announced today it has entered into a reseller and manufacturing license
agreement with Beijing Paier Technologies, Inc. ("Paier"). The agreement has
an initial five-year term granting Paier exclusive rights to manufacture for
the Chinese market and to resell LRAD systems to China's government
organizations. Paier also has non-exclusive rights to resell to other
customers in China. Under the agreement, Paier will be setting up an
Exhibition Center in Beijing to promote, market, demonstrate and sell LRAD
systems.

"In Paier, we have a highly regarded manufacturing partner with strong ties to
the Chinese government that can supply the local content required to fulfill
large government contracts," commented Tom Brown, the Company's president and
CEO.  "We will be supplying components and subassemblies as well as providing
training on our quality control procedures to enable Paier to perform final
assembly." 
 
LRAD systems broadcast highly intelligible warnings, instructions and critical
information over distances up to 3,500 meters. Through the use of
multi-language voice commands and warning tones, LRAD systems assist military,
law enforcement and security personnel create large safety zones, determine
intent, peacefully resolve uncertain situations, and save lives on both sides
of the Long Range Acoustic Device®.
 
"Paier has the capability to manufacture to our high standards and a sales
force and management team with the experience to help us realize LRAD's vast
sales potential in China," added Brown. "By working with Paier to promote
LRAD's proprietary directed communication systems and offering local content
through manufacturing in China, we anticipate a significant increase in future
Chinese business opportunities."
 
About LRAD Corporation

LRAD Corporation is using long range communication to resolve uncertain
situations peacefully and save lives on both sides of its proprietary Long
Range Acoustic Device®. LRAD® systems are in service around the world in
diverse applications including fixed and mobile military deployments, maritime
security, critical infrastructure and perimeter security, commercial security,
border and port security, law enforcement, emergency responders, emergency
warning and mass notification, asset protection, and wildlife preservation and
control. For more information about the Company and its LRAD systems, please
visit www.lradx.com.
 
Forward-looking Statements: This release contains forward-looking statements
within the meaning of the Securities Act of 1933 and the Securities Exchange
Act of 1934. 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.
These risks and uncertainties are 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 due to a
variety of factors including, among others, general economic conditions, our
dependence on a limited number of customers, our dependence on continued sales
to U.S. and international governments and businesses that sell to governments,
our ability to obtain financing on favorable terms, or at all, and our ability
to expand our customer base and the acceptance of our products. 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, 2012.  The Company disclaims any intent or obligation to update
those forward-looking statements, except as otherwise specifically stated.
 
COMPANY CONTACT:
Robert Putnam 
+1 858.676.0519  
robert@lradx.com

CONTACT: Robert Putnam
         (858) 676-0519
         robert@lradx.com
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