CONTACT: E. Brian Harvey Director, Investor Relations and Capital Markets 858.753.8974 email@example.com
SAN DIEGO, June 2, 2016 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), the global leader in acoustic hailing devices and advanced mass notification systems, today announced it has received orders for LRAD systems and accessories totaling over $607,000 for public safety and corrections facility applications in Asia and Latin America. Scheduled to ship this fiscal year, the orders are primarily comprised of LRAD 100X, LRAD 300X, LRAD 450XL and LRAD 500X systems. "Public safety agencies throughout the world are using LRAD systems and support equipment to provide clear communication during everyday duties and escalated situations," noted Tom Brown, President and Chief Executive Officer of LRAD Corporation. "LRAD's unique acoustic capabilities are also being increasingly utilized by corrections facilities to improve security, communicate to prisoners, resolve potential conflicts, and secure prison yards and perimeters." LRAD systems broadcast live or recorded messages with exceptional intelligibility. LRAD's advanced driver and waveguide technology ensures voice communications and warning tones are clearly heard and understood in any operational scenario. About LRAD Corporation Using advanced technology and superior voice intelligibility, LRAD Corporation's proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives. LRAD systems are in service in more than 70 countries around the world in diverse applications including mass notification and public address, fixed and mobile defense deployments, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, 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, 2015. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.