LRAD® Corporation Receives Over $1.0 Million in International AHD Orders
SAN DIEGO, CA – June 27, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced the receipt of multiple international AHD orders. The Company received orders totaling over $1.0 million, including:
- Additional LRAD 1000X systems for wildlife preservation at a Canadian mining site;
- LRAD 1000Xi systems for an Eastern European National Guard;
- LRAD 500X systems for installation on armored vehicles in the Middle East; and,
- LRAD 500X systems to an Asian Pacific military organization for vehicle-mounted airbase security.
“These orders add to our strong international business trend where AHD and mass notification shipments account for over 70% of fiscal year-to-date revenue,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “International markets represent a large opportunity for LRAD. With the recent addition of a business development professional in Germany, we continue to invest in growing our business throughout the world.”
The U.S. Military’s AHD of choice, the LRAD 500X provides defense, homeland security, and law enforcement personnel unparalleled long-range communication and safe, scalable escalation of force. Click here for more information on the LRAD 500X.
The LRAD 1000Xi features an extended frequency range to broadcast attention-commanding voice messages and deterrent tones out to 3,000 meters to hail and warn, determine intent, create large standoff zones, and safely initiate and scale force responses. Please click here to learn more about the LRAD 1000Xi.
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