LRAD® Corporation Announces $3.4 Million Defense and Public Safety Order from Southeast Asia
SAN DIEGO, CA – July 10, 2018 – LRAD Corporation (NASDAQ: LRAD), a global leader in long-range voice broadcast systems, advanced mass notification and distributed recipient solutions, today announced a $3.4 million follow-on LRAD 100X systems and accessories order from Southeast Asia.
“More and more public safety, law enforcement and defense personnel in Southeast Asia and throughout the world are utilizing LRAD’s industry-leading acoustic hailing devices,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “In the last 18 months, the Company has received over $11.0 million in LRAD systems, accessories and service orders from Southeast Asia and the Asia Pacific region.”
The portable LRAD 100X features exceptional vocal intelligibility and an extended broadcast range out to 600 meters. Live or prerecorded LRAD 100X broadcasts are heard and understood above crowd and background noise to ensure every message is clearly delivered. Optimized driver and waveguide technology coupled with power efficiency ensure several hours of clear, continuous communication. The LRAD warning tone safely alerts attention to the voice messages that follow and is a safer alternative to non-lethal and kinetic measures.
About LRAD Corporation
The Company’s proprietary Long Range Acoustic Devices®, advanced ONE VOICE® mass notification systems and innovative Genasys™ mass messaging solutions are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives. LRAD systems are in service in 72 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