×

LRAD(R) Corporation Receives $735,000 in Opening Perimeter Security & Public Safety Orders

SAN DIEGO, Dec. 23, 2015 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ:LRAD), the world's leading provider of Long Range Acoustic Devices® and advanced ONE VOICE® mass notification systems, today announced it has received opening orders totaling over $735,000 for perimeter security and public safety in Asia and for a southeastern U.S. utility installation. The orders are comprised primarily of LRAD 1000X, LRAD 1000RX and LRAD 500RX systems.

"These orders open the door to larger business opportunities with these customers due to the increasing importance of perimeter security and public safety for homeland, border and critical infrastructure security applications," remarked Tom Brown, President and Chief Executive Officer of LRAD Corporation. "Legacy systems with cameras, thermal imaging, motion detectors and other sensors only watch and alert. LRAD turns passive systems into first responders by creating a fully operational perimeter security solution that can warn, determine intent and deter threats remotely or from safe, standoff distances."

Using highly intelligible voice commands and warning tones to safely establish and enforce large restricted areas ranging from 50 meters up to 5 kilometers, LRAD systems provide greater coverage of borders and critical assets with fewer personnel, reduce false alarms, protect security response teams and save lives.

About LRAD Corporation

LRAD Corporation designs, manufactures and markets Long Range Acoustic Devices® and advanced ONE VOICE® mass notification systems to save lives. LRAD systems are in service in more than 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, 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, 2015. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

CONTACT: E. Brian Harvey Director, Investor Relations and Capital Markets 858.753.8974 ebharvey@lradx.com

Source:LRAD Corporation