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LRAD Corporation Announces Initial LRAD® Systems Order from U.S. Air Force
LRAD-RX® Systems to Provide Long Range Communication and
Perimeter Security for Test and Firing Range at USAF Installation
SAN DIEGO, CA, September 29, 2011 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received a $200,000+ LRAD-RX® systems order from the U.S. Air Force (USAF) for long range communication and perimeter security at the test and firing range on one of its installations. The order is shipping this month. Remotely operated LRAD-RX systems use focused acoustic output to broadcast highly intelligible warnings and instructions over distances up to 2 miles. The RX's proprietary pan and tilt system can slew and cue quickly, moving up to 60° per second. Fully weatherproof and designed to withstand the harshest environmental conditions, the RX has successfully passed a full round of military testing that included shipboard shock explosions. "This order from the USAF highlights LRAD's increasing and versatile military uses," remarked Tom Brown, president and CEO of LRAD Corporation. "In this application, LRAD-RX systems can be utilized, instead of time and personnel consuming ground patrols, to quickly clear test and firing ranges before drone testing and live fire exercises."
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:
Investor Relations:
Robert Putnam
(858) 676-0519
robert@lradx.com