SOURCE: LRAD Corporation

LRAD Corporation

September 27, 2011 08:45 ET

LRAD Corporation Receives $1.1 Million in Follow on LRAD® Orders From U.S. Navy

Orders Include LRAD-RX® and LRAD 1000X™ Systems and Support Equipment

SAN DIEGO, CA--(Marketwire - Sep 27, 2011) - LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), today announced over $1.1 million in follow on LRAD® orders from the U.S. Navy. The orders, which consist primarily of LRAD-RX® and LRAD 1000X™ systems and support equipment, are scheduled to ship this month and next quarter.

The Company's proprietary LRAD-RX and 1000X systems broadcast powerful voice commands and deterrent tones that can be clearly heard and understood over distances up to 2 miles in any type of terrain and environment. Through highly intelligible long-range communication, LRAD enables peaceful conflict resolution and potentially saves lives on both sides of the Long Range Acoustic Device®.

"We innovated LRAD and created the AHD market in response to the October 2000 attack on the USS Cole," stated Tom Brown, president and CEO of LRAD Corporation. "In spite of having plenty of firepower to prevent the attack before it occurred, the sailors on the USS Cole had no way of knowing if their attackers were civilians or terrorists until it was too late. With LRAD, military and commercial security personnel can unequivocally determine the intent of an approaching threat and create standoff zones, thereby providing time and distance to scale their response and make life and death decisions."

About LRAD Corporation
LRAD Corporation has thousands of Long Range Acoustic Device® (LRAD®) communication systems 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 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.