SAN DIEGO, CA, CALIF., June 26, 2014 (GLOBE NEWSWIRE) -- LRAD Corporation (Nasdaq: LRAD ), the world's leading provider of long range acoustic hailing devices (AHDs), today announced the receipt of an order of approximately $300,000 for LRAD 500X systems and accessories from the United States Army ("Army"), for ongoing operations in Afghanistan. The LRAD 500X units will be mounted on Army vehicles, towers and checkpoints and will be used to support the troops in communication efforts and to provide a safety zone for Army personnel. The order is scheduled to ship by September 30, 2014.
"We are extremely pleased that the United States Army has once again chosen LRAD solutions to meet their long range communications and Escalation of Force requirements in Afghanistan," noted Tom Brown, President and CEO of LRAD Corporation. "The LRAD 500X is a dual use piece of equipment that provides our soldiers with a significant capability enhancement for both operational and domestic support missions. This purchase reaffirms the Army's interest in our products, and we are pursuing several additional opportunities within the Army and the United States military."
The LRAD 500X is designed to produce highly intelligible speech transmissions over 2,000 meters, and can be heard at a range of 650 meters over 88 dB of background noise such as the sound produced by a car, truck or motorcycle engine. By allowing for clear communication over these distances, the LRAD 500X helps Army personnel to determine intent, and escalate the response if necessary by producing a deterrent tone that can reach 149 dB (at one meter) thereby influencing or changing behavior, and saving lives.
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 being sold into 70 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
