LRAD® Corporation Receives $1.6 Million ONE VOICE® Mobile Mass Notification Systems Order
SAN DIEGO, CA – April 27, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a second LRAD 360XT systems order from one of the largest oil and gas companies in Eurasia.
The LRAD ONE VOICE mobile mass notification systems in the $1.6 million order will have LRAD’s solar power option and be integrated with a gas detection alarm system. Equipped with LRAD 360X emitters, each system provides a 1,000-meter radius of communication coverage, and will be used for public address, emergency communication and early warning. The order is scheduled to ship during calendar 2017.
“The advanced technology and superior intelligibility of the LRAD 360XT systems announced last October led to a second order from this customer,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “The critical capabilities LRAD systems provide for public address, early warning, emergency communication, wildlife deterrence, perimeter protection and critical infrastructure security are fueling revenue growth in our oil & gas business segment.”
The LRAD 360XT mobile mass notification system (“MNS”) delivers LRAD’s renowned, highly intelligible voice and alert tone broadcasts with uniform 360° coverage from a rapidly deployable, telescoping 30-foot pneumatic mast. The LRAD mobile MNS is integrated and mounted on a fully self-contained, ruggedized trailer featuring securely mounted, lockable electronics and equipment enclosures containing the amplifier modules and battery pneumatic systems. Please click here for more information on the LRAD 360XT.
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