LRAD® Corporation Announces Over $1.0 Million in Orders from Southeast Asia
SAN DIEGO, CA – January 9, 2018 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced over $1.0 million in AHD orders from Southeast Asia. The orders include LRAD 100X and LRAD 500X systems and accessories for defense and public safety and LRAD 1000RX remote systems for off-shore security and public safety. The orders are scheduled to ship in the Company’s current fiscal year.
“Demand for LRAD systems from Southeast Asia and around the world continues to grow,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Of note, the LRAD 1000RX order was awarded after an extensive competition and a thorough verification process.”
LRAD adds new dimensions to loudspeaker technology by controlling sound dispersion and providing industry-leading communication ranges and vocal clarity. Broadcasting audible voice messages and warning tones in a 30° beam from close range out to 5,500 meters, LRAD AHDs safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives.
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 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, 2017. 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