LRAD Corporation Receives $577,500 Follow-On Order from the Middle East
SAN DIEGO, Feb. 13, 2014 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD),
the world's leading provider of long range acoustic hailing devices (AHDs),
today announced the receipt of a follow-on order for LRAD® 500X systems and
accessories totaling $577,500 for a customer in the Middle East. These units
will be mounted on vehicles and used for military and police applications. The
order is scheduled to ship by June 30, 2014.
"Military and police organizations around the world are using Long Range
Acoustic Devices® to provide a layered defense strategy for land forces to
fill the gap between initial engagement and employing lethal force. It allows
personnel time and distance to distinguish between security threats and
innocent civilians," noted Tom Brown, President and CEO of LRAD Corporation.
"The extended frequency range of the LRAD 500X ensures voice commands in any
language are clearly heard and understood over distances up to 2 kilometers,
even inside targeted vehicles with engines running. It provides vehicles and
convoys with the ability to create large safety zones, determine intent and
peacefully resolve conflicts."
About LRAD Corporation
LRAD Corporation is using long range communication to peacefully resolve
uncertain situations and save lives on both sides of its proprietary Long
Range Acoustic Device®. LRAD® systems are in service in more than 65 countries
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, 2013. LRAD Corporation disclaims any
intent or obligation to update those forward-looking statements, except as
otherwise specifically stated.
CONTACT: E. Brian Harvey
Director, Investor Relations and Capital Markets
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