LRAD Corporation Announces $1.5 Million in LRAD(R) Systems and Support Equipment
Orders From U.S. Navy
Company Supplying LRAD Systems to U.S. Navy Since 2003
SAN DIEGO, CA, Aug 17, 2011 (MARKETWIRE via COMTEX) -- LRAD Corporation (LRAD),
the world's leading provider of acoustic hailing devices (AHDs), today announced
approximately $1.5 million in new LRAD orders from the U.S. Navy. The orders,
which consist primarily of LRAD 1000X(TM) systems and support equipment, are
scheduled to ship this quarter.
"This is the latest in a series of LRAD orders we've received from the U.S. Navy
since 2003," commented Tom Brown, president and CEO of LRAD Corporation. "LRAD
systems are deployed by naval forces around the world to hail, warn, notify and
communicate over long distances, giving naval personnel time and distance to
determine the intent of potential threats not responding to radio calls and
creating standoff zones around their vessels."
The Company's proprietary LRAD systems broadcast powerful voice commands and
deterrent tones than can be clearly heard and understood over distances up to 3
km. Through highly intelligible long range communication, LRAD enables peaceful
conflict resolution and potentially saves lives on both sides of the Long Range
Acoustic Device(R).
Brown concluded, "We're pleased to provide the voice for the U.S. Navy's
escalation of force protocol to help protect sailors and keep innocent civilians
safe during uncertain situations at sea."
About LRAD Corporation LRAD Corporation's Long Range Acoustic Device(R) (LRAD(R))
directional communication systems are being used 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, and
wildlife preservation and control. For more information about LRAD Corporation
and its long range, directional sound systems, please visit the company's web
site at 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, including but not limited to,
the performance of our management team, market acceptance of our directed sound
technologies and products, entry of competitors, the possibility our intellectual
property protections will not prevent others from marketing products similar to
or competitive with our products, potential technical or manufacturing
difficulties that could delay product deliveries or increase warranty costs, and
other risks 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, 2010. LRAD
Corporation disclaims any intent or obligation to update those forward-looking
statements, except as otherwise specifically stated. |
