LRAD CORPORATION RECEIVES $1.5 MILLION+
IN NEW LRAD® SYSTEMS ORDERS FROM U.S. MILITARY
Orders Comprised of LRAD 100X™/300X™/500X™ Systems
(SAN DIEGO, CA, September 28, 2010) – LRAD Corporation (Nasdaq: LRAD) the global leader in acoustic hailing devices (AHDs), announced today it has received over $1.5 million in new Long Range Acoustic Device® 100X™/300X™/500X™ systems orders from the U.S. Military for immediate shipment. LRAD Corporation’s proprietary directed AHDs enable military forces to communicate and determine the intent of potential threats at safe distances, providing time and distance to employ a measured response.
The LRAD 100X is a hand-held, long-range communications system that outperforms and surpasses conventional megaphones and bullhorns. The 100X features optimized driver and waveguide technology to ensure loud, highly intelligible voice communication so every word is understood. The extraordinary acoustic performance of the 100X comes in a rugged package that can be operated in all types of outdoor environments. Interfaces include a standard microphone as well as a rugged media player designed for easy operation in demanding conditions.
The LRAD 300X is a compact, lightweight solution for armored vehicles and Common Remotely Operated Weapons Stations (CROWS). It can be easily transported to provide military personnel long-range communications and a highly effective hailing and warning capability where needed. From inside their armored vehicles, 300X operators can issue clear, authoritative multi-lingual commands, followed with powerful deterrent tones to enhance response capabilities.
LRAD 500X systems are being widely used by U.S. and international naval forces due to their unequalled broadcast clarity and range. The U.S. Army is deploying 500X systems on their small vessels and vehicles to provide military and security personnel long-range communications and a highly effective hailing and warning capability to limit escalation of force in restrictive rules of engagement environments.
“We’re pleased to receive these new orders that further strengthen our position as the AHD of choice for the U.S. Military,” said Tom Brown, president and CEO of LRAD Corporation. “These orders and others that shipped this quarter ensure a strong fiscal Q4 2010 (ending September 30, 2010) and our first profitable fiscal year.”
About LRAD Corporation
LRAD Corporation’s Long Range Acoustic Device® (LRAD®) directional sound 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, including but not limited to, the performance of our management team, market acceptance of our directed sound technologies and products, entry of competitors, the possibility our intellectual property protections will not prevent others from marketing products similar to or competitive with our products, potential technical or manufacturing difficulties that could delay product deliveries or increase warranty costs, and other risks 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, 2009. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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