SAN DIEGO, Calif., Jan. 8, 2013 (GLOBE NEWSWIRE) -- LRAD Corporation (Nasdaq:LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has received a $369,000 LRAD 360X order for an earthquake and tsunami warning mass notification installation in an Asian port city. The order resulted from the successful trial installation announced last June ( http://www.lradx.com/site/content/view/2094/55/). "Legacy warning systems are incapable of providing highly intelligible, life saving instructions and directions to the local populace," remarked Tom Brown, president and CEO of LRAD Corporation. "When every second counts, the powerful, omnidirectional siren and multi-language voice broadcasts from LRAD 360X systems ensure that emergency communications are heard and understood over large areas, even inside cars and buildings." The LRAD 360X is the newest system in the Company's proprietary Long Range Acoustic Device ® (LRAD®) product line. The LRAD 360X broadcasts powerful emergency/warning sirens and highly intelligible multi-language voice messages in a 360° pattern over distances up to 2 miles. The LRAD 360X is modular enabling customization of the broadcast area and mass notification footprint. "Working with our Asian business partners, we anticipate this will be the first of many installations in this region," added Brown. "Beyond Asia, we're pursuing LRAD 360X emergency warning/mass notification business opportunities with cities, regional districts, ports, school and business campuses, and military bases." 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®. LRAD® 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 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. 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, 2012. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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