LRAD Corporation Receives New
LRAD® Order for Waterfowl Control
Mining Companies Installing LRAD Systems to Protect Birds
SAN DIEGO, CA, June 30, 2011 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (AHDs), announced today it has received a new $500,000+ order for a multiple LRAD systems installation at an international mining site. The installation will be integrated with an avian radar system from DeTect, Inc.. The order is scheduled to ship this summer.
"LRAD has proven to be highly effective in protecting birds around mining sites," remarked Tom Brown, president and CEO of LRAD Corporation. "Prior to LRAD being fielded, one mining operation recorded over 1,000 bird deaths annually as a result of drinking from tainted tailing ponds. After installing LRAD, the mining operation recorded only six bird deaths the following twelve months."
LRAD systems use controlled directionality and focused acoustic output to clearly transmit tones and predator calls at distances in excess of 2,000 meters. LRAD can be manually operated or integrated into remotely controlled command and control centers.
"With regulatory authorities increasingly assessing multi-million dollar fines on mining companies when waterfowl deaths exceed government guidelines, more mining concerns are installing avian radar-equipped LRAD systems to protect birds." Brown concluded.
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.
FOR FURTHER INFORMATION CONTACT: