| To: CrazyTrain who wrote (2048) | 1/15/2010 1:24:26 PM | | From: deeno | | | | "I have not experienced the LRAD and I am probably being too simplistic but my reasoning is that if it works and it is all that is needed for vehicle deterrent, then the military would need one at every outpost?"
Its an answer but certianly not the only answer and definatly not the cheapest. Still no idea what that has to do with adding lasers.
"I know they have had some small orders and they have had time to use it but no really big or long-term orders? "
nope, mostly testing from what i can see. Pretty specific situations and applications. nothing general that i know of.
"The new name implies the "focus" change you refer and something needs to change as this stock has been on a down turn since 2005."
Yes it would indicate that most of the commerical ideas for using the system have failed. Pretty disappointing.
"Non-Lethal crowd control is huge market and if LRAD is the best, then it should be selling."
Best? I doubt it. Way to big. cumbersome.
"BTW I do own a small amount of stock and I'm trying to decide if I should average down or take a small loss."
Its an incredibly neat idea, works, has some uses. My reservations are two;
1. managment is poor and transient. Woody being the worst
2. successful applications in any general niche or industry have not been forthcoming.
on the plus side
Woody is a Genius.
you want to invest in a neat gadget that may be a home run someday. keep it.
you beleive managment is imperative to a good company. sell it. |
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| To: deeno who wrote (2049) | 1/15/2010 1:57:35 PM | | From: CrazyTrain | | | | | Thanks for your detailed response. I decided to sell and take the small loss. I was looking at a laser deterrent company and thought ATCO could offer more non-lethal options as a package deal if that is the new focus. I will keep an eye on ATCO and may buy later. |
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| To: CrazyTrain who wrote (2051) | 1/20/2010 11:42:40 AM | | From: deeno | | | | thanks
"Paul Kerr, its director, said the device could be used at a range of up to more than two miles, but was most effective at less than one mile. He said: "The effect is like staring into the sun."
just dont see the application with LRAD. When LRAD hits you you want OUT fast. no time to be nausea or disoriented, just get the hell out of there. |
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| To: CrazyTrain who wrote (2044) | 2/1/2010 6:59:05 PM | | From: Savant | | | | Have been occupied. Lasers? Hmm, why didn't General Dynamics and Woody think of that?
FIG. 12 depicts an embodiment in which the present invention is integrated into a multifunctional deterrence device 1200. Device 1200 has a moveable base 1202 to which an array of lasers 1204, a high intensity directed acoustical device (HIDA)1206 and a spotlight 1208 are mounted. The HIDA 1206 may comprise any device adapted to emit a high intensity acoustical wave that is useful for communicating with and/or stunning a target. Such devices are available, for example, from AmericanTechnology Corporation (San Diego, Calif.) under various trade names, including HIDA™ and LRAD™.
patentstorm.us
Best,
S. |
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| To: Savant who wrote (2053) | 2/4/2010 3:34:54 PM | | From: CrazyTrain | | | | | Thanks, I thought you have left as you stopped posting the news releases (the last one was pretty good too). |
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| From: Savant | 4/9/2010 10:24:21 AM | | | | | | LRAD Corporation (NASDAQ: LRAD), the global leader in acoustic hailing devices, announced today that its board of directors has authorized management to pursue a plan to separate its HSS(R) technology business through a tax-free spin-off (the "Spin-off"). Under the plan, most HSS related assets will be contributed to a new subsidiary and spun off to stockholders as a new, independent, stand-alone public company named Parametric Sound Corporation ("Parametric Sound"). Parametric Sound intends to finance, develop and introduce a new generation of HSS products.
Following the Spin-off, LRAD Corporation (the "Company") stockholders will continue to own the same number of shares of LRAD Corporation and receive new shares in Parametric Sound. LRAD Corporation will continue its existing business including its focus on LRAD(R) products and other technologies, but excluding the HSS technology sound business after the completion of product orders received prior to the closing of the Spin-off.
The separation into two independent, publicly traded companies is expected to provide several benefits for stockholders, including:
View data-- Creation of an independent company focused on producing improved HSS
products for targeted markets.
-- Separate the risks of new HSS product development from the Company's
focus on its LRAD business and market growth.
-- Increase transparency into the different businesses of the two
companies allowing stockholders and investors to better evaluate the
merits and prospects of each company. This is expected to enhance the
likelihood that each company will receive appropriate market
recognition of its performance and potential.
-- Creation of an independent company focused on producing improved HSS products for targeted markets. -- Separate the risks of new HSS product development from the Company's focus on its LRAD business and market growth. -- Increase transparency into the different businesses of the two companies allowing stockholders and investors to better evaluate the merits and prospects of each company. This is expected to enhance the likelihood that each company will receive appropriate market recognition of its performance and potential.
"We recognize that many of our stockholders originally invested in the Company because of HSS," said Tom Brown, president and CEO of LRAD Corporation. "As we have been unsuccessful in developing a market for HSS, we have no current plans to invest further resources in it. Our focus is building LRAD Corporation through increasing market opportunities for our proven LRAD product line."
"We view this HSS spin-off as a chance to increase stockholder value by allowing a separate company to concentrate on further developing the HSS technology," Brown stated.
Creating Two Focused, Pure-Play Companies Upon completion of the transaction, LRAD Corporation stockholders will hold shares of two stand-alone, highly focused, publicly traded companies.
Management and Financing Upon completion of the proposed separation, Elwood G. Norris, a director of LRAD Corporation, will become Chairman and Chief Executive Officer of Parametric Sound and will resign as a director of LRAD Corporation to focus on the new business.
Mr. Norris has agreed to advance funds to pay the reasonable costs of the separation to be reimbursed by Parametric Sound upon the completion of the Spin-off. Further, since LRAD Corporation will not be contributing any cash or working capital other than certain inventory to the new subsidiary in connection with the Spin-off, Mr. Norris has further committed to arrange initial working capital for the Parametric Sound business in amounts and on terms yet to be determined.
Completing the Spin-off The planned spin-off will be accomplished through a pro rata distribution of Parametric Sound common stock to LRAD Corporation's stockholders of record as of the close of business on the record date which has yet to be determined by the board of directors of LRAD Corporation. As a result of the Spin-off, it is currently contemplated that each stockholder of LRAD Corporation will receive one share of Parametric Sound common stock for every two shares of LRAD Corporation common stock.
Completion of the Spin-off is subject to final approval by the board of directors, stockholder approval, as well as effectiveness of a Form 10 registration statement to be filed with the Securities and Exchange Commission ("SEC"). LRAD Corporation will file a proxy statement with the SEC and hold a special meeting of stockholders to seek approval of the Spin-off. The proxy statement will include information about the Spin-off, as well as details of the special meeting of stockholders. The Form 10 will include detailed information about Parametric Sound and its financial history, capitalization, the Spin-off, technology, products and related matters. Parametric Sound will distribute an information statement to stockholders following completion of the SEC's review of the Form 10. The information statement will include a description of risks and uncertainties regarding the Spin-off, including the timing and terms of the Spin-off and whether the Spin-off will be completed, and uncertainties regarding the impacts on the companies and the market for their respective securities if the Spin-off is accomplished. The board of directors reserves the right to amend, modify or abandon the Spin-off and the related transactions at any time prior to the distribution date.
About LRAD Corporation LRAD Corporation's Long Range Acoustic Device(R) (LRAD(R)) directional sound systems are being used 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, and wildlife preservation and control. For more information about LRAD Corporation and its long-range directional sound systems, please visit the company's web site at www.lradx.com.
Parametric Sound Corporation Parametric Sound will hold most of the assets of LRAD Corporation's HSS business along with technology being developed by Mr. Norris. Parametric Sound will focus on delivering directed parametric sound solutions to customers primarily in the digital signage, point-of-purchase, in-store network and related markets that benefit from sound that can be focused and controlled to specific locations. The company intends to finance, develop and introduce a new generation of HSS products.
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LRAD Corp: Norris To Arrange...
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LRAD Corp Won't Contribute Cash,...
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LRAD Will Contribute Inventory To...
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LRAD Corp: Norris Will Resign As...
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LRAD Corp: Dir Norris Will Become...
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LRAD: New Stand-Alone Public Co...
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LRAD Hldrs Will Receive New Shares...
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LRAD Corp Bd Authorizes Mgmt To |
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| To: Savant who wrote (2055) | 4/9/2010 11:07:46 AM | | From: deeno | | | | | So whats your take on this? I have no insight at all other than knowing the players and company so long. Sounds like Pres. wanted to dump the HSS and affiliated projects to focus on the "dark side". Woody had a hissy fit and said that he would take the rest. That leaves one company with no brains and a product and the other with brains and no buisness. Woody is amazing, just not tameable. |
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| To: deeno who wrote (2056) | 4/10/2010 11:36:52 AM | | From: Savant | | | | At last count, Norris had control of 4,889,874 shares.
Doubt this would happen, if he didn't want it to; but stranger things have happened. |
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| From: Savant | 4/28/2010 9:04:26 PM | | | | | | LRAD Corporation Announces Fiscal Second Quarter 2010 Conference Call & Webcast
Company Sets Date for Special Meeting of Stockholders on Proposed HSS(R) Business
Spin-Off
SAN DIEGO, CA, Apr 28, 2010 (MARKETWIRE via COMTEX) -- LRAD Corporation (LRAD)
will conduct a conference call and webcast to discuss the Company's fiscal second
quarter 2010 business and financial results on May 5, 2010 at 1:30 p.m. Pacific
Time. The Company is scheduled to issue its fiscal second quarter 2010 financial
results after market close on May 4, 2010.
To access the conference call, please dial (866) 837-9789; the conference
participant code is 1451811. A question and answer session will be available to
dial-in callers after the speakers' presentation. The conference call will also
be available through the Webcast link below (listen-only mode):
WEBCAST LINK
event.on24.com
To participate, please dial-in/log-on at least 5 minutes prior to the scheduled
start time in order to download and install any necessary audio software and/or
to register for the call. Questions to management can be submitted prior to the
conference call by e-mailing them to: investor@lradx.com. The webcast will be
recorded and available for replay through the Webcast link above approximately 24
hours after the conference call. The replay will be available for approximately
thirty days.
LRAD Corporation also announced today that it has scheduled June 2, 2010 for its
special meeting of stockholders in connection with the proposed spin-off of its
HSS(R) technology business. For more information regarding the proposed spin-off,
please view the Company's April 8, 2010 press release:
lradx.com.
About LRAD Corporation LRAD Corporation's Long Range Acoustic Device(R) (LRAD(R))
directional sound systems are being used 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, and wildlife
preservation and control. For more information about LRAD Corporation and its
long-range directional sound systems, please visit the company's web site at
lradx.com. |
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