LRAD® Corporation Receives $1.0 Million International Defense Order
SAN DIEGO, CA – February 14, 2018 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”), advanced mass notification systems, and distributed recipient solutions today announced a $1.0 million order for LRAD 100X and LRAD 450XL AHDs from an international defense department. The man-portable and vehicle-mounted communication systems will be used for both training and operational deployments.
“LRAD was selected after a competitive tender and extensive testing, due to its superior intelligibility, proven performance, and exceptional broadcast range,” noted Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “This order continues the trend of significant LRAD procurements by U.S. and international defense forces.”
LRAD systems broadcast audible, voice messages and warning tones with incomparable clarity from close range out to 5.5 kilometers. LRAD’s advanced driver and waveguide technology ensures every broadcast is clearly heard and understood over background noise. From the rugged, lightweight LRAD 100X to larger systems temporarily or permanently mounted on vehicles, vessels, and helicopters, LRAD systems increase the communication capabilities and operational effectiveness of defense forces.
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 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, 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