SAN DIEGO, CA, July 11, 2011 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of acoustic hailing devices (AHDs), announced today that it expects to report fiscal Q3 2011 revenues of $2.3 million and record revenues of $20.0 million for the first nine months of the Company's fiscal year 2011. Due to its first time filing under the Securities & Exchange Commission's new XBRL requirements, the Company plans to release fiscal Q3 2011 financial results the week of August 8, 2011.

"In spite of ongoing U.S. government budget uncertainty and unsettled global economic conditions, we've reached $20 million in revenues for the first time in the Company's history," remarked Tom Brown, president and CEO of LRAD Corporation. "We are starting to see domestic military business pick up and we're receiving international orders from the multiple markets we've created for our proprietary LRAD® long range communication systems."

"We continue to keep tight control of operating expenses while investing prudently in new LRAD business opportunities," Brown concluded. "We anticipate a strong finish for FY 2011 resulting in record fiscal year profits and our fifth consecutive fiscal year of double digit LRAD sales growth."