LRAD® Corporation Announces Over $1.0 Million in International AHD and Mass Notification Orders
SAN DIEGO, CA – February 1, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced international orders totaling over $1.0 million. The orders include AHDs for law enforcement, defense and public safety applications in China, and follow-on LRAD 1000Xi systems for a maritime application in Japan. The orders also include LRAD 360X mass notification systems for upgrading tsunami warning systems in Japan with LRAD’s highly intelligible voice capability.
“Defense and law enforcement agencies throughout the world are equipping their personnel, vehicles and vessels with LRAD long range communication systems,” commented Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Our AHD and advanced mass notification solutions provide our customers with proven and reliable systems to clearly communicate to the public and safely resolve uncertain situations.”
Automated phone calls, emails, text messages, social media and other emergency notification measures are only effective if directories are constantly updated and users continually have access to linked devices. By broadcasting 360°, attention-commanding warning sirens and exceptionally intelligible voice messages up to 12 square kilometers from a single 8-Emitter installation, LRAD ONE VOICE® mass notification systems ensure emergency warnings and public safety announcements are heard and understood throughout coverage areas.
LRAD AHD systems are an essential component in communication and escalation of force protocols for defense and law enforcement agencies. LRAD systems are in use in more than 70 countries around the world and are the only AHDs that meet all U.S. Military requirements.
About LRAD Corporation
Using advanced technology and superior voice intelligibility, LRAD Corporation’s proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, and resolve uncertain situations. LRAD systems are in service in more than 70 countries around the world in diverse applications including mass notification and public address, fixed and mobile defense deployments, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, please visit www.lrad.com.
Forward Looking Statements
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, 2016. 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