SAN DIEGO, May 6, 2015 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs) and advanced mass notification systems, today announced orders for a U.S. Government department totaling over $300,000 for LRAD 360Xm mass notification systems and additional Sound Barrier vehicle protection systems. All orders are scheduled to ship this fiscal year.
The follow-on order for Sound Barrier vehicle protection systems will help protect drivers and occupants travelling in dangerous areas overseas. The LRAD Sound Barrier vehicle security solution creates a 360° deterrent zone to safely and effectively warn and ward off threats to government vehicles, VIP cars, and armored trucks.
The same U.S. Government department also ordered LRAD 360Xm mass notification systems for trials at certain foreign facilities. Featuring LRAD's industry-leading voice intelligibility and reliability, every word in an LRAD 360Xm broadcast is clearly heard and understood throughout localized or large areas. The LRAD 360Xm safely delivers public address and emergency warning broadcasts with unsurpassed clarity and range with 360° coverage.
"Protecting personnel and facilities is becoming increasingly important for government agencies and commercial interests throughout the world," remarked Tom Brown, President and CEO of LRAD Corporation. "As evidenced by the additional Sound Barrier and new 360Xm orders from this department, these recently launched products are gaining traction in important markets." Tom Brown, President and CEO of LRAD Corporation remarked, "As evidenced by the additional Sound Barrier and new 360Xm orders from this department, these recently launched products are gaining traction in important markets."
About LRAD Corporation
LRAD Corporation manufactures long range acoustic hailing devices and advanced mass notifications systems to 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 mass notification and public address, fixed and mobile defense deployments, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information about the Company and its LRAD systems, please visit www.lradx.com.
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, 2014. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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