SAN DIEGO, Feb. 4, 2014 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), today announced the receipt of a $763,000 follow-on order for LRAD devices and accessories to be used for bird mitigation and wildlife preservation and control for an international mining concern. The order is expected to be shipped by June 30, 2014.
"LRAD systems have proven highly effective in keeping birds and other wildlife away from hazardous areas," commented LRAD President and CEO Tom Brown. "Whether manually operated, integrated into remotely controlled command and control centers or enhanced with avian radar for automated incursion response, LRAD safely and humanely preserves wildlife and protects critical assets."
For wildlife applications, LRAD systems use directionality and focused acoustic output to clearly transmit a variety of tones, sounds and predator calls from 200 meters to over 2 km. For additional information, please refer to: http://www.lradx.com/site/content/view/268/110.
"We are very pleased that the success of earlier installations has led an international mining concern to expand their use of LRAD systems," Brown added. "The near infinite varieties of tones and sounds that can be recorded and broadcast through our Long Range Acoustic Devices® prevent birds from becoming habituated to the repetitive noises produced by legacy wildlife control measures including propane cannons and cracker shells."
About LRAD Corporation
LRAD Corporation is using long range communication to peacefully resolve uncertain situations and save lives on both sides of its proprietary Long Range Acoustic Device®. LRAD® systems are in service in more than 65 countries 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.
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, 2013. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
E. Brian Harvey
Director, Investor Relations and Capital Markets
Day's Range: 0.00-0.00
Previous Close: 1.93
Market Cap: 63.81M
Day's Volume: 0