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.
E. Brian Harvey Director, Investor Relations and Capital Markets 858.753.8974
