LRAD® Corporation Announces Multiple ONE VOICE® Mass Notification Orders
SAN DIEGO, CA – July 25, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced LRAD ONE VOICE mass notification orders totaling $575,000. The orders include:
- LRAD 360X and LRAD 360XL-MID mass notification and campus security installations at three universities, including a competitively bid project for George Mason University in Fairfax, Virginia;
- An LRAD 360XT mobile mass notification system and LRAD 100X systems for the City of San Jose, California for flood and disaster warnings, and neighborhood evacuation operations;
- Satellite activated LRAD ONE VOICE systems at a dam and hydroelectric facility in the Western United States. The mobile and permanently installed systems can be activated at the mountainous site or via satellite from a command and control center several miles away; and,
- LRAD 360X Quad Stack systems for a United States military base in Afghanistan. The base communication and emergency notification systems are activated and controlled via fiber or radio.
“LRAD ONE VOICE systems are easily integrated, quickly installed and feature multiple activation and control options to provide campuses, cities, critical infrastructure sites and defense facilities the most advanced, highly intelligible mass notification solutions available,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “This fiscal year, we’ve added five new systems to the ONE VOICE product line and more than doubled our mass notification business.”
Broadcasting attention-commanding sirens and exceptionally clear voice messages, LRAD ONE VOICE systems warn and communicate critical information to populations not receiving emergency notifications from automated phone calls, texts, social media and other measures. LRAD life safety broadcasts are heard and understood over background noise and throughout coverage areas that extend out to 12 sq. km. from a single ONE VOICE installation. To learn more, please click LRAD ONE VOICE.
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