LRAD® Corporation Announces $1.7 Million in Public Safety Orders for Southeast Asia
SAN DIEGO, CA – June 8, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced two public safety orders totaling $1.7 million from law enforcement agencies in Southeast Asia. The first order totals over $1.3 million and is comprised of LRAD 450XL systems and accessories. The second is a $368,000 LRAD 100X and LRAD 300X accessories add-on to the $1.6 million order previously announced on March 8, 2017. Both orders are scheduled to ship this fiscal year.
“In public safety situations, LRAD systems provide law enforcement personnel the critical capability to clearly communicate to individuals and crowds over background noise and at extended distances,” noted Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “LRAD systems are being used around the world in a wide variety of public safety applications to warn, notify, inform, direct, determine intent, resolve uncertain situations, and save lives.”
Low profile, lightweight and designed for temporary or fixed mounting on tripods, small vessels and vehicles, the LRAD 450XL is the industry’s loudest, most intelligible AHD for its size and weight. The LRAD 450XL utilizes LRAD’s proprietary XL driver technology to generate the audio output of a unit almost twice its size and weight, and with the exceptional clarity and intelligibility featured in all LRAD systems. Click here for more information on the LRAD 450XL.
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