SAN DIEGO, July 17, 2013 (GLOBE NEWSWIRE) -- LRAD Corporation (Nasdaq:LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received orders totaling over $1 million for Asian public safety and international LRAD-RX™ oil industry security installations. The orders are scheduled to ship this quarter.
"Our international business continues to expand with public and commercial safety officials increasingly recognizing LRAD® as an essential capability that's been missing from their security protocols," remarked Tom Brown, president and CEO of LRAD Corporation. "LRAD systems fill a critical response gap between the limited range and intelligibility of bullhorns/portable P.A. systems and severe measures including kinetic non-lethal or lethal weapons. LRAD's unprecedented range, sound quality and ease of use provide security personnel time and distance to scale their response and make lifesaving decisions."
The Company's proprietary LRAD-RX turns passive surveillance systems into remote first responders. Featuring a camera, high intensity searchlight (optional) and a robust, IP-addressable full pan and tilt drive for precise aiming and tracking that can be integrated with radar to provide automated security alerts, the LRAD-RX broadcasts highly intelligible warnings and deterrent tones that can be heard and understood over distances up to 2 miles.
Through the use of powerful, multilingual voice commands and warning tones, LRAD systems safely create increased standoff zones, determine intent, support peaceful conflict resolution, and save lives on both sides of the Long Range Acoustic Device®.
About LRAD Corporation
LRAD Corporation is using long range communication to resolve uncertain situations peacefully 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.