LRAD Corporation Receives $700,000 in Follow-On Public Safety Orders from Southeast Asia
SAN DIEGO, CA – September 14, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced $700,000 in follow-on public safety and law enforcement orders from a country in Southeast Asia. The orders are scheduled to ship in the Company’s current and subsequent fiscal quarters.
“After evaluating other products, our customer again selected LRAD for its superior broadcast range, vocal clarity and durability. LRAD systems safeguard the public and protect police officers by providing law enforcement the capability to communicate clearly during everyday duties and elevated risk operations,” noted Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Public safety agencies in Southeast Asia and throughout the world are making LRAD their communication system of choice.”
LRAD’s optimized driver and wave guide technology delivers voice messages with exceptional clarity from close range out to 5,500 meters. Up to 10X louder than bullhorns and vehicle P.A. systems and significantly more intelligible, LRAD broadcasts are clearly heard and understood above background noise, and inside vehicles and buildings.
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