SAN DIEGO, Aug. 15, 2013 (GLOBE NEWSWIRE) -- LRAD Corporation (Nasdaq:LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received a $1.9 million international public safety order for LRAD 1000X and LRAD 500X systems and accessories. Shipments under the order are scheduled to begin this quarter and conclude early next quarter.
"Law enforcement and public safety officials around the world are utilizing LRAD® systems for a variety of applications," remarked Tom Brown, LRAD Corporation's president and CEO. "Due to their exceptional clarity and range, LRAD systems are proving invaluable for communicating to crowds during large outdoor events. LRAD systems are also being used to peacefully end hostage negotiations, safely conduct SWAT operations and warrant service, conduct search and rescue operations, and communicate potentially lifesaving information to those affected by natural or man-made disasters."
Using proprietary technology and innovative designs, LRAD systems generate nearly 100% intelligible voice broadcasts from 200 meters to over 3.5 kilometers, providing public safety personnel with the capability of issuing clear, authoritative voice communications and warning tones to safely create large standoff zones, alleviate conflicts, and save lives on both sides of the Long Range Acoustic Device®. Due to its extended frequency range, LRAD ensures voice communications in any language are clearly heard and understood over crowd and traffic noise, and inside buildings and vehicles.
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 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, 2012. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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