LRAD Corporation Awarded $12.2 Million LRAD(R) Systems Contract from United States Navy

LRAD Corporation Awarded $12.2 Million LRAD(R) Systems Contract from United
States Navy

New Multi-Year Contract Continues LRAD's Support of United States Navy
Anti-Terrorism/Force Protection Missions

SAN DIEGO, Calif., June 11, 2013 (GLOBE NEWSWIRE) -- LRAD Corporation
(Nasdaq:LRAD), the world's leading provider of long range acoustic hailing
devices (AHDs), announced today it has been awarded a multi-year $12.2 million
firm-fixed-price, indefinite-delivery/indefinite-quantity contract for small,
medium and large LRAD AHDs from the United States Navy's Naval Surface Warfare
Center located in Crane, Indiana. The contract was competitively bid with LRAD
Corporation being awarded the contract over two other companies. United States
Navy contract funds in the amount of $1,988,785 will be obligated at time of
award.

"We are pleased to be awarded this contract and to continue our working
relationship with the United States Navy," remarked Tom Brown, president and
CEO of LRAD Corporation. "LRAD systems and support equipment will be used to
support large and small deck naval surface ships, submarines, security boats
and shore security operations in anti-terrorism/force protection
missions.Having received competitively bid multi-year contracts from the
United States Navy in 2007 and 2010, this new award continues to demonstrate
that LRAD Corporation is the world's leading manufacturer of acoustic hailing
devices."

The Company's proprietary LRAD systems were developed in response to the
deadly attack on the USS Cole over twelve years ago. Today, LRAD systems are
deployed in more than 60 nations around the world including by U.S. and
international naval forces and other military organizations.

At distances up to 3,500 meters, LRAD systems have proven highly effective in
anti-terrorism/force protection missions by broadcasting powerful deterrent
tones and live or pre-recorded multi-language warnings, commands and
instructions with unprecedented clarity and range. By communicating clearly
over distance, LRAD systems create large standoff zones, unequivocally
determine intent, resolve uncertain situations peacefully and save lives on
both sides of the Long Range Acoustic Device®."

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 and emergency responder
communications, 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: Except for historical information contained
herein, the matters discussed are forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934. 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. 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. 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. LRAD Corporation 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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