LRAD Corporation Receives LRAD 500XTM Systems and Scram Cart Order from U.S. NAVY
LRAD® Systems for Anti-Terrorism Force Protection
SAN DIEGO, CA, April 10, 2012 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received an order from the U.S. Navy for LRAD 500XTM systems and Scram Carts. The Company has supplied LRAD® systems and services to the U.S. Navy since 2003. The order, worth in excess of $400,000, is scheduled to ship this quarter.
"We're pleased to receive this order and support U.S. Navy anti-terrorism force protection missions," commented Tom Brown, president and CEO of LRAD Corporation. "After competitive testing and proven performance at sea, the U.S. Navy is using our full line of LRAD systems to assist them in defusing potentially lethal situations and saving lives on both sides of the Long Range Acoustic Device®."
LRAD 500X systems broadcast powerful, multi-language voice commands and deterrent tones that can be clearly heard and understood over distances up to 1.5 miles. Through focused, highly intelligible long-range communication, LRAD systems create large safety zones, determine intent and resolve uncertain situations peacefully.
The Company's proprietary Scram Cart is a portable platform specifically designed for use in harsh maritime conditions. The mobile configuration enables rapid deployment, transportation and storage of a LRAD 500X system by a single operator. The rugged, weatherproof Scram Cart includes a self-contained battery pack that provides up to 6 hours of continuous, full-power operation, eliminating the need for external power.
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, 2011. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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