LRAD(R) Corporation Receives $1.8 Million of Orders from International Public Safety Organizations
November 25 2013 - 7:57AM
LRAD Corporation (Nasdaq:LRAD), the world's leading provider of
long range acoustic hailing devices (AHDs), today announced the
receipt of two international orders for the LRAD 1000X, LRAD 100X
and various accessories totaling $1.8 million that are scheduled to
ship in the quarter ended December 31, 2013 to a national police
force in Southeast Asia and a Latin American police agency. "Police
and military organizations continue to see value in the
dual-purpose LRAD family of products that allow for intelligible
mass communication and emergency warning, and effective public
safety and crowd control," noted Tom Brown, President and CEO of
LRAD Corporation. "One of our main focuses this past year has been
to increase our business development efforts in international
markets, and these orders are the result of those efforts." Using
proprietary technology and innovative designs, LRAD systems
generate highly intelligible voice broadcasts from 300 meters to
over 3.5 kilometers, providing public safety personnel with the
ability to issue authoritative and readily understandable voice
communications and warning tones that safely establish standoff
zones, de-escalate tense situations, and save lives on both sides
of the Long Range Acoustic Device®. Due to its extended frequency
range, LRAD ensures voice communications in any language are
clearly heard and understood over crowd and traffic noise, and
inside buildings and vehicles. 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 in
service in more than 65 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. Company Contact E. Brian Harvey Director, Investor
Relations and Capital Markets 858.753.8974 ebharvey@lradx.com
CONTACT: Company Contact
E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
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