LRAD® Corporation Announces $1.6 Million International Public Safety Order
SAN DIEGO, CA – March 8, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a $1.6 million public safety order from Southeast Asia for LRAD 100X and LRAD 300X systems. The order is scheduled for delivery this fiscal year.
“The proven performance and versatility of previously shipped LRAD systems led to this order as more public safety agencies in Southeast Asia are equipping their personnel with the superior technology and reliability of LRAD AHDs,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “LRAD systems ensure voice communications are clearly heard above background noise and over long distances in public safety situations.”
The LRAD 100X is the leading portable AHD for on-scene and tactical communications. In addition to its best in class intelligibility, the LRAD 100X is louder than other hailing devices of comparable size and weight.
Low profile, lightweight and designed for use on tripods, small vessels and vehicles, the LRAD 300X broadcasts clear, authoritative voice commands and attention-commanding alert tones to safely warn, direct, notify, determine intent, enhance response capabilities, and initiate the escalation of force when necessary.
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