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Message: April 23 News!

LRAD Corporation Announces Reseller and Manufacturing License Agreement with China’s Beijing Paier Technologies Inc.
Paier Setting Up LRAD® Exhibition Center in Beijing

SAN DIEGO, CA, April 23, 2013 - LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), announced today it has entered into a reseller and manufacturing license agreement with Beijing Paier Technologies, Inc. (“Paier”). The agreement has an initial five-year term granting Paier exclusive rights to manufacture for the Chinese market and to resell LRAD systems to China’s government organizations. Paier also has non-exclusive rights to resell to other customers in China. Under the agreement, Paier will be setting up an Exhibition Center in Beijing to promote, market, demonstrate and sell LRAD systems.

"In Paier, we have a highly regarded manufacturing partner with strong ties to the Chinese government that can supply the local content required to fulfill large government contracts," commented Tom Brown, the Company's president and CEO. "We will be supplying components and subassemblies as well as providing training on our quality control procedures to enable Paier to perform final assembly."

LRAD systems broadcast highly intelligible warnings, instructions and critical information over distances up to 3,500 meters. Through the use of multi-language voice commands and warning tones, LRAD systems assist military, law enforcement and security personnel create large safety zones, determine intent, peacefully resolve uncertain situations, and save lives on both sides of the Long Range Acoustic Device®.

"Paier has the capability to manufacture to our high standards and a sales force and management team with the experience to help us realize LRAD’s vast sales potential in China," added Brown. "By working with Paier to promote LRAD's proprietary directed communication systems and offering local content through manufacturing in China, we anticipate a significant increase in future Chinese business opportunities."

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, emergency responders, 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.
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