SAN DIEGO, April 10, 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 $1 million follow-on order for LRAD® 500 systems and accessories from a customer in Asia that had previously ordered during last year's fiscal fourth quarter. These units will be mounted on vehicles and used for military and police applications. The order is scheduled to ship by September 30, 2014.
"This follow-on order is a testament to the success the end user is having with the LRAD systems already deployed," noted Tom Brown, President and CEO of LRAD Corporation. "We continue to see strong development and growth in international markets, particularly in Asia. 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."
LRAD's proprietary AHD systems broadcast highly intelligible warnings, instructions and critical information over distances of 200 meters up to 3.5 kilometers. Through the use of multilingual voice commands and warning tones, LRAD systems assist government, public safety and commercial security personnel in creating large standoff zones, determining intent, and peacefully resolving uncertain situations, to save lives on both sides of the Long Range Acoustic Device.
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
