SAN DIEGO, CA, CALIF., April 17, 2014 (GLOBE NEWSWIRE) -- LRAD Corporation (Nasdaq:LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), today announced the receipt of a $760,000 order for LRAD® 500X and 1000Xi systems and accessories for a new customer in Northern Africa. The units will be used for internal security and police operations. The order is scheduled to ship by June 30, 2014.
"The international reach of our product lines continues to expand, as LRAD systems are now being utilized in over one-third of the countries in the world," noted Tom Brown, President and CEO of LRAD Corporation. "Police, public safety, and military organizations around the world continue to deploy Long Range Acoustic Devices® for effective, highly intelligible communications, and to safely broadcast notifications, instructions and warnings to individuals and groups over distances up to 3.5 kilometers. LRAD fills a critical communications gap between the limited range and intelligibility of bullhorns and other non-lethal measures such as tear gas, water cannons and rubber bullets."
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 being sold into 70 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, 2013. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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