LRAD Corporation Announces $1.1 Million in New LRAD® Orders from U.S. Military
LRAD® Systems Protecting Ships, Convoys and Ports
SAN DIEGO, CA, May 24, 2012 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received new orders totaling $1.1 million from the U.S. Military. The orders, which include LRAD 100XTM, LRAD 300XTM and LRAD 500XTM systems and support equipment, are scheduled to ship this quarter. "We're pleased to receive these latest orders from the U.S. Military and help protect armed services personnel by enhancing their ability to limit the escalation of force and eliminate innocent civilian casualties," remarked Tom Brown, president and CEO of LRAD Corporation. "Using focused long range communication to broadcast highly intelligible hails, warnings and commands enables soldiers and sailors to unequivocally determine intent, while providing them time and distance to scale their response." LRAD 100X, LRAD 300X and LRAD 500X systems transmit powerful, multi-language voice commands and deterrent tones that can be clearly heard and understood over distances of 500 yards to 1.5 miles in any type of terrain and environment. "Our rugged, reliable LRAD-X® product designs have helped us build a strong base of repeat business with the U.S. Military," added Brown. "LRAD systems have proven to be the loudest, lightest, most cost effective AHD solution available."
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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