LRAD® Corporation Receives $2.4 Million in National Guard and U.S. Military Orders
SAN DIEGO, CA – September 20, 2018 – LRAD Corporation (NASDAQ: LRAD), a global leader in long-range voice broadcast systems, advanced mass notification, and distributed recipient solutions, today announced orders for the Air National Guard (“ANG”), U.S. Air Force, and U.S. Army totaling over $2.4 million. The ANG order, comprised of LRAD 500X-MMT helicopter mounted systems, follows last year’s $2.4 million LRAD 360XL-MID mobile mass notification kits ANG order. The LRAD air-to-ground communication systems will be mounted on HH-60G Pave Hawk search and rescue helicopters based in Arkansas, California, and New York.
Additionally, the Company received orders from the U.S. Air Force, U.S. Army, and Army National Guard to support U.S. and allied operations in the European, Pacific, and Caribbean regions. The LRAD systems will be used for perimeter security at sensitive military sites, internal communications at live-fire training ranges, and wide area communications during disaster and emergency response operations.
“Recently certified safe for flight by the ANG, the LRAD 500X-MMT significantly enhances air-to-ground communication for search and rescue operations and other Air National Guard missions,” commented Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “LRAD systems provide the U.S. Military critical communication and escalation of force capabilities for its many missions throughout the world.”
Featuring an integrated rechargeable power pack and adjustable mount that fits in most medium and large helicopters*, the LRAD 500X-MMT mounts quickly and is easily removed following mission completion. Completely self-contained and self-powered, the LRAD 500X-MMT broadcasts voice messages that are clearly heard and understood over rotor wash and background noise out to 2,000 meters.
View video of the LRAD 500X-MMT here: https://www.lradx.com/video/lrad-500x-mmt-air-ground-communication-system/
* Compatible with most medium/large commercial and military helicopters including Sikorsky H-60, S-76, H-92, and H-3; Bell UH-1, 204/5, and 214; Eurocopter AS330, 332, and 365; and Agusta Westland AW139.
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, defense, law enforcement and public safety, homeland and border security, critical infrastructure protection, fire rescue and emergency management, maritime and port security, 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