SAN DIEGO, Oct. 2, 2014 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), and the most advanced mass notification systems, today announced the receipt of orders totaling $623,000 for LRAD® 360X systems and accessories from several Asian towns, cities, and public utilities. The orders were received from a customer in Asia that is replacing and upgrading existing siren-based mass notification warning systems to state-of-the-art LRAD mass notification systems. These orders are scheduled for delivery during the first fiscal quarter ending December 31, 2014.
"We continue to expand and strengthen our business in Asia as indicated by this follow-on order for mass notification products, which are being installed to replace and upgrade existing legacy systems, based on the reputation for high quality, intelligibility and clarity of our Long Range Acoustic Devices®," noted Tom Brown, President and CEO of LRAD Corporation. "Based on our superior product offerings, we expect to continue to increase revenues and market share in the mass notification market during the 2015 fiscal year."
Unlike the limited voice capability of legacy speaker-based systems and emergency warning siren systems, the LRAD 360X product line brings the same unsurpassed vocal clarity, performance and reliability of its LRAD systems to emergency warning and mass notification. Featuring LRAD's proprietary technology, every word of a LRAD 360X broadcast is heard and understood over areas covering up to 5.3 square kilometers. Each system is comprised of between one and four LRAD 360X emitters to enable the customization of the broadcast area. The system can be activated and monitored by IP, digital or analog radio, GSM/GPRS and/or Satellite. The LRAD 360X delivers LRAD's renowned powerful, clear and intelligible voice and alarm tone broadcasts with uniform 360 degree coverage. The lightweight and efficient LRAD 360X Quad emitter can project sound at 123 dB at 30 meters covering distances greater than 1200 meters radius at 70 dB. The LRAD Supervisory Control and Data Acquisition (SCADA) Software is scalable providing dynamic map-based area selection tools to optimize alert and remote monitoring.
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
