LRAD® Corporation Receives LRAD 1000X Systems Order for Canadian Mining Site Bird Protection
SAN DIEGO, CA – May 11, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a $528,000 LRAD 1000X systems order from SGS Canada. The LRAD 1000X systems will be integrated with avian radar and utilized to humanely deter birds and other wildlife from tailings ponds at an oil sands operation. The order is scheduled to ship this fiscal year.
“This order adds to the more than 225 LRAD systems previously deployed for wildlife preservation at large mining sites,” commented Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “In addition to significantly reducing waterfowl deaths at mining operations, LRAD systems are being used around the world to preserve wildlife and protect critical assets at airports and air bases, oil & gas facilities, and fisheries.”
LRAD systems use directionality and focused acoustic output to broadcast a near infinite variety of predator calls and warning tones to ensure against habituation. LRAD systems can be manually or remotely operated, and integrated with avian radar and other sensors. For more information, please click LRAD Wildlife Preservation.
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