LRAD Corporation Comments on Announcement By Iroquois

SAN DIEGO, CA, February 6, 2013 – LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), today confirmed receipt of a notice from Iroquois Master Fund Ltd. ("Iroquois"), announcing its intention to nominate a slate of five directors to stand for election at the Company's 2013 Annual Meeting of Stockholders.

The Company noted that it is committed to creating value for all stockholders. The newly formed Nominating and Corporate Governance Committee of the Company's Board of Directors, which is chaired by independent director, Bill VanDeWeghe, will review and consider the Iroquois nominations, as well as qualified individuals who may be submitted by other LRAD stockholders to serve on the Company's Board.

The Company will present its recommendation with regard to the election of directors in its proxy statement to be filed with the Securities and Exchange Commission (the "SEC"). The Board will make a recommendation in the best interests of all stockholders. The date of the Company's 2013 Annual Meeting of Stockholders has not yet been announced. The Company's stockholders are not required to take any action with respect to Iroquois' director nominees at this time.

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 http://www.lradx.com/.