LRAD(R) Corporation Announces Opening ONE VOICE(R) Mass Notification Order from the Saudi Electricity Company
February 11 2016 - 9:09AM
LRAD Corporation (NASDAQ:LRAD), the world's leading provider of
Long Range Acoustic Devices® and advanced ONE VOICE mass
notification systems, today announced an opening order from the
Saudi Electricity Company (SEC). SEC is replacing the warning
systems at one of its power generation facilities with the advanced
technology and superior voice intelligibility of LRAD ONE VOICE
solutions. The Company also received LRAD 360X 2-Emitter and
8-Emitter systems orders for two Asian municipalities upgrading
their tsunami warning systems with LRAD's highly intelligible voice
capability. The combined orders total approximately $300,000 and
are scheduled to ship this fiscal year ending September 30, 2016.
"After extensive head-to-head testing against in-country mass
notification competitors, our award winning LRAD ONE VOICE systems
were selected due to their outstanding vocal clarity, and
industry-leading broadcast longevity and area coverage," commented
Tom Brown, President and Chief Executive Officer of LRAD
Corporation. "By maintaining a smooth frequency response with an
intensity variation of less than 5dB, LRAD has overcome the
limitations of competitor systems by preventing audio fading and
producing clear, unambiguous communication across all broadcast
frequencies." LRAD ONE VOICE systems ensure emergency warnings and
general announcements are clearly heard and understood throughout
coverage areas. LRAD systems augment reverse 911 calls, email, text
messages, and other notification measures by broadcasting 360°,
attention-commanding warning sirens and extraordinarily clear voice
messages up to 12 square kilometers from a single 8-Emitter
installation. Download the Ando, Japan LRAD 360X 8-Emitter case
study:
http://www.lradx.com/downloads/case-study-one-voice-for-mass-notification-public-address/.
About LRAD Corporation
LRAD Corporation and its proprietary Long Range Acoustic
Devices® and advanced ONE VOICE® mass notification systems use
enhanced long-range communication 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, maritime
security, critical infrastructure and perimeter security,
commercial security, border and port security, law enforcement and
emergency responder communications, asset protection, and wildlife
control and preservation. For more information, please visit
www.lradx.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,
2015. LRAD Corporation disclaims any intent or obligation to update
those forward-looking statements, except as otherwise specifically
stated.
CONTACT: E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
ebharvey@lradx.com
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