LRAD Corporation Receives $1.9 Million LRAD(R) Systems and Support Equipment
Order From U.S. Army Reserves
Support Equipment Includes Armored Vehicle Mounts and Wireless Kits
SAN DIEGO, CA, Aug 07, 2012 (MARKETWIRE via COMTEX) -- LRAD Corporation (LRAD),
the world's leading provider of long range acoustic hailing devices (AHDs),
announced today it has received a new $1.9 million order from the U.S. Army
Reserves for LRAD 500X(TM) and LRAD 100X(TM) systems and support equipment
including vehicle mounts and wireless kits. The order is scheduled to ship this
quarter.
"We're pleased to receive this latest order from the U.S. Army Reserves to equip
more of their vehicles, including MRAPs and HMMWVs, with LRAD systems," commented
Tom Brown, president and CEO of LRAD Corporation. "Using our proprietary long
range communication technology to broadcast highly intelligible warnings and
commands helps keep soldiers safe within their armored vehicles and can prevent
innocent civilian casualties by creating large standoff zones, unequivocally
determining the intent of security threats at distance and limiting the
escalation of force by resolving uncertain situations peacefully."
Lightweight and power efficient, LRAD 100X and LRAD 500X systems transmit
focused, multi-language voice commands and deterrent tones that can be clearly
heard and understood over background noise in any type of terrain and environment
over distances from 500 yards to 1.5 miles. The vehicle mounts and wireless kits
provide the U.S. Army with multiple options for deploying LRAD systems in a
variety of applications.
Brown added, "After extensive testing and rigorous deployments in theaters of
operation, LRAD systems continue to be the U.S. Army Reserves AHD of choice for
vehicle mounted solutions."
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(R). LRAD(R) systems are in service 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, asset protection and wildlife preservation and control.
For more information about the Company and its LRAD systems, please visit
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, 2011. LRAD
Corporation disclaims any intent or obligation to update those forward-looking
statements, except as otherwise specifically stated. |
