LRAD Corporation Announces Opening LRAD® Order
from Israel's Ministry of Defense
Order Includes LRAD 100X™ and LRAD 500X™ Systems
SAN DIEGO, CA, June 29, 2011 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of acoustic hailing devices (AHDs), announced today it has received an opening LRAD systems order from Israel's Ministry of Defense. The initial $293,000 order for LRAD 100X and 500X systems will ship this quarter.
The Company's proprietary LRAD 100X and 500X systems clearly broadcast hails, warnings, commands and instructions with 100% intelligibility in multiple languages up to distances of 1 km. Through the use of highly intelligible voice commands and powerful deterrent tones, LRAD creates increased standoff and safety zones, determines intent, supports peaceful conflict resolution, and potentially saves lives on both sides of the device.
"We continue to grow our international business with countries deploying LRAD for use by their military and law enforcement services," stated Tom Brown, president and CEO of LRAD Corporation. "To date, over 30 nations from around the world have purchased our Long Range Acoustic Device® systems."
About LRAD Corporation
LRAD Corporation's Long Range Acoustic Device® (LRAD®) directional communication systems are being used 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, and wildlife preservation and control. For more information about LRAD Corporation and its long-range directional sound systems, please visit the company's web site at http://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, 2010. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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