SAN DIEGO, May 26, 2016 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), the world's leading provider of acoustic hailing devices (AHDs) and advanced mass notification systems, today announced a $237,000 LRAD 500X-RE systems and accessories follow-on order for the United States Army ("Army") Rapid Equipping Force ("REF"). The REF utilizes current and emerging technologies to increase effectiveness, reduce risk and provide immediate solutions to the urgent challenges of globally deployed Army forces. The LRAD 500X-RE systems are scheduled to ship this fiscal year and slated for deployment overseas.
"Over the last decade, we have supplied the REF with Long Range Acoustic Devices® for Army theaters of operation," commented Tom Brown, President and Chief Executive Officer of LRAD Corporation. "By communicating hails, warnings and commands in any language with exceptional clarity, LRAD systems determine intent, prevent misunderstandings and provide the Army a critical escalation of force capability that saves lives."
Rugged, compact, lightweight and designed for applications ranging from fixed security installations to mid-sized vehicles and vessels, the LRAD 500X-RE provides defense forces unparalleled long-range communication and scalable non-lethal, non-kinetic escalation of force.
The United States Navy and Army's AHD of choice for small vessels and vehicles, the extended frequency range of the LRAD 500X-RE ensures audible broadcasts are heard and understood on the ground, from the air or at sea over distances up to 2,000 meters.
About LRAD Corporation
Using advanced technology and superior voice intelligibility, LRAD Corporation's proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and 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, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, 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.
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