LRAD Corporation Awarded $1.4 Million International Maritime Security Order
LRAD-RX(R) Systems to be Installed on Commercial Shipping Vessels
SAN DIEGO, Jan 10, 2013 (GLOBE NEWSWIRE via COMTEX) -- LRAD Corporation (LRAD),
the world's leading provider of long range acoustic hailing devices (AHDs),
announced today it has been awarded a $1.4 million LRAD-RX systems order from an
Asian company for commercial maritime shipping security installations. The
LRAD-RX is the only remotely controlled AHD to have passed rigorous U.S. Navy
testing and to be deployed on U.S. Navy vessels.
"Piracy and terrorist threats remain a significant concern for commercial vessels
transiting high risk shipping lanes," stated Tom Brown, president and CEO of LRAD
Corporation. "Through focused, powerful voice broadcasts and deterrent tones,
LRAD-RX systems determine the intent of suspicious vessels that fail to respond
to radio calls. By unequivocally determining the intent of an approaching threat,
the LRAD-RX provides commercial security personnel time and distance to implement
maritime security best practices and make lifesaving decisions."
The Company's proprietary LRAD-RX features a camera, high intensity searchlight
(optional), a robust, IP-addressable full pan and tilt drive for precise aiming
and tracking, and can be integrated with radar to provide automated vessel
alerts. The LRAD-RX broadcasts highly intelligible warnings and instructions that
can be heard and understood over distances up to 2 miles. Through the use of
focused, multi-language voice commands and deterrent tones, the LRAD-RX creates
increased standoff zones, determines intent, supports peaceful conflict
resolution, and potentially prevents the use of deadly force.
"The delivery schedule for this order is spread throughout this calendar year,"
Brown added. "As we stated in our December conference call, we anticipate
improved fiscal 2013 financial results over fiscal 2012 due primarily to
expanding AHD markets and increasing international business."
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, emergency
warning and mass notification, asset protection, and wildlife preservation and
control. For more information about the Company and its LRAD systems, please
visit lradx.com. |
