LRAD Corporation Receives $1.7 Million LRAD-RX® Order for Asian Maritime Security
SAN DIEGO, CA, May 15, 2012 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), today announced it has received a $1.7 million LRAD-RX systems order for Asian maritime security. Deliveries on the order are scheduled to begin this quarter and continue into the Company's 2013 fiscal year.
"This order further confirms that our LRAD-RX systems are becoming an important component in maritime escalation of force (EOF) protocols to help combat terrorist and piracy threats," stated Tom Brown, president and CEO of LRAD Corporation. "When a suspicious vessel fails or refuses to respond to radio calls, the LRAD-RX initiates the EOF through powerful voice broadcasts and deterrent tones. By unequivocally determining the intent of an approaching threat, the LRAD-RX assists armed security forces to avoid accidental shooting incidents while providing them time and distance to scale their response and make life and death decisions."
The Company's proprietary LRAD-RX features a camera, high intensity searchlight (optional), a robust, IP-addressable full pan and tilt drive for precise aiming and tracking, and can be integrated with radar to provide automated vessel alerts. The LRAD-RX broadcasts highly intelligible, hails, warnings and instructions over distances up to 2 miles. Through the use of focused, multi-language voice commands and deterrent tones, the LRAD-RX creates increased standoff zones, determines intent, supports peaceful conflict resolution, and potentially prevents the use of deadly force.
"Our LRAD® systems have proven to be highly effective for maritime security," Brown added. "To date, LRAD systems have helped to prevent accidental shooting incidents and to peacefully resolve hundreds of maritime EOF situations throughout the world."
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.
FOR FURTHER INFORMATION CONTACT: