SAN DIEGO, Sept. 25, 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 $640,000 order for LRAD® 100X and 1000X systems and accessories from a railroad company in Africa. The LRAD units will be used by a public agency security department to maintain safety buffers around equipment, provide warnings to potential vandals, and for crowd control. Part of the order will be delivered during the current fiscal fourth quarter with the balance shipping during our first fiscal quarter of 2015.
"LRAD solutions have been deployed to protect critical infrastructure in the oil and gas industry, the commercial shipping and aviation industries, cruise line and personal vessel security, and for railway and highway safety," noted Tom Brown, President and CEO of LRAD Corporation. "The diverse commercial applications for our LRAD product line continue to expand, providing a catalyst for future growth."
The growing threat environment to critical infrastructure assets has increased the need for enhanced security for commercial maritime interests, harbors, railways, highways, oil pipelines and offshore platforms to protect both people and property. LRAD systems create safety zones by hailing and warning at distances exceeding 3 kilometers. LRADs can be used to determine the intent at distance, and to deter intruders and potential vandals with a highly effective intelligible message or warning tone.
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
