LRAD Corporation Announces Over $1 Million in New Asian Public Safety and Wildlife Control Orders
Follow-On Emergency Warning/Mass Notification Order Also Received
SAN DIEGO, CA, August 1, 2013 - LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received new LRAD® systems orders totaling over $1 million for Asian public safety, wildlife control and emergency warning/mass notification. The orders are anticipated to ship this quarter. "We are experiencing increasing LRAD systems demand in Asia across our primary market applications due to the successful implementation of targeted business development strategies and the efforts of our personnel and Asian business partners," said Tom Brown, president and CEO of LRAD Corporation. "We've received over $2 million in orders from Asia this quarter with further orders anticipated."
LRAD's proprietary AHD systems broadcast highly intelligible warnings, instructions and critical information over distances of 200 meters up to 3.5 km. Through the use of multilingual voice commands and warning tones, LRAD assists government, public safety and commercial security personnel safely control wildlife and create large standoff zones, determine intent, peacefully resolve uncertain situations, and save lives on both sides of the Long Range Acoustic Device®.
About LRAD Corporation
LRAD Corporation is using long range communication to peacefully resolve uncertain situations and save lives on both sides of its proprietary Long Range Acoustic Device®. LRAD® systems are in service in more than 60 countries 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, emergency warning and mass notification, asset protection, and wildlife preservation and control. For more information about the Company and its LRAD systems, please visit www.lradx.com.
Forward-looking Statements: Except for historical information contained herein, the matters discussed are forwardlooking 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, 2012. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.