LRAD® Corporation Announces Record Fiscal Year US Law Enforcement Sales
October 10 2019 - 9:00AM
LRAD Corporation (NASDAQ: LRAD), a global leader
in critical communication systems, today announced that its U.S.
law enforcement sales in fiscal year 2019 were up 93% over fiscal
2018 to a record $1.0 million. The Company’s law enforcement sales
averaged $683,000 annually over the four previous fiscal years.
“The record law enforcement sales are attributed
to the superior performance of our acoustic hailing devices
(“AHDs”), the efforts of our business development team, and the
complimentary Federal grant preparation service we offer
departments seeking to procure LRAD systems,” remarked Richard S.
Danforth, Chief Executive Officer of LRAD Corporation.
LRAD’s industry-leading voice intelligibility,
broadcast distances and reliability provide law enforcement
essential communication and peacekeeping capabilities for:
• SWAT Operations • Active Shooter Situations
• Barricaded Subjects and Hostage Negotiations • Serving
High Risk Warrants • Crowd
Communications• Shelter-in-Place/Safe-to-Return Notifications
• Search & Rescue Operations• Vehicle, Helicopter and
Boat Mounted Communications
“The U.S. government allocates more than $2
billion annually in law enforcement and public safety-related
Federal grants,” Mr. Danforth added. “The prevalence of Federal
grants and our AHDs’ proven ability to protect the public and
safeguard police personnel are compelling more departments to
outfit their officers with LRAD systems.”
The Company is scheduled to exhibit its LRAD
systems at the 126th IACP (International Association of Chiefs of
Police) Annual Conference and Exposition from October 27 – 29 in
Chicago. Since 1893, the IACP has been shaping the law enforcement
profession. The IACP Annual Conference and Exposition has been the
foundation, providing leaders with new strategies, techniques, and
resources they need to successfully navigate the evolving policing
environment.
LRAD is fundamentally changing the way law
enforcement agencies conduct everyday duties and elevated risk
operations. LRAD eliminates confusion and establishes greater
standoff distance between police officers and potentially dangerous
situations by broadcasting exceptionally clear voice communications
from close range out to 2,000 meters. LRAD systems are rugged, easy
to operate and can be mounted temporarily or permanently on
vehicles, boats and helicopters. LRAD is Law Enforcement’s
critical communication system of choice for resolving uncertain
situations and saving lives.
About LRAD Corporation
The Company's proprietary Long Range Acoustic
Devices® and advanced Genasys™ public safety systems and mobile
alert solutions are designed to enable users to safely hail and
warn, notify and direct, prevent misunderstandings, determine
intent, establish large safety zones, resolve uncertain situations,
and save lives.
LRAD systems are in service in more than 450
U.S. cities, counties and states in diverse applications, including
public safety, mass notification, defense, law enforcement, fire
rescue, homeland and border security, and critical infrastructure
protection. For more information, visit 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,
2018. LRAD Corporation disclaims any intent or obligation to update
those forward-looking statements, except as otherwise specifically
stated.erwise specifically stated.
Investor Relations Contacts
Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
ir@lrad.com
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