SOURCE: LRAD Corporation

LRAD Corporation

August 17, 2011 08:30 ET

LRAD Corporation Announces $1.5 Million in LRAD® Systems and Support Equipment Orders From U.S. Navy

Company Supplying LRAD Systems to U.S. Navy Since 2003

SAN DIEGO, CA--(Marketwire - Aug 17, 2011) - LRAD Corporation (NASDAQ: 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™ 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®.

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® (LRAD®) 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 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, 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.