LRAD® Corporation Announces Over $1.0 Million in Orders from Southeast Asia
January 09 2018 - 9:00AM
LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of
acoustic hailing devices (“AHDs”) and advanced mass notification
systems, today announced over $1.0 million in AHD orders from
Southeast Asia. The orders include LRAD 100X and LRAD 500X
systems and accessories for defenseand public safety and LRAD
1000RX remote systems for off-shore security and public safety. The
orders are scheduled to ship in the Company’s current fiscal year.
“Demand for LRAD systems from Southeast Asia and
around the world continues to grow,” remarked Richard S. Danforth,
Chief Executive Officer of LRAD Corporation. “Of note, the LRAD
1000RX order was awarded after an extensive competition and a
thorough verification process.”
LRAD adds new dimensions to loudspeaker
technology by controlling sound dispersion and providing
industry-leading communication ranges and vocal clarity.
Broadcasting audible voice messages and warning tones in a 30° beam
from close range out to 5,500 meters, LRAD AHDs safely hail and
warn, inform and direct, prevent misunderstandings, determine
intent, establish large safety zones, resolve uncertain situations,
and save lives.
About LRAD Corporation
Using advanced technology and superior voice
intelligibility, LRAD Corporation’s proprietary Long Range Acoustic
Devices® and advanced ONE VOICE® mass notification 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, 2017. LRAD
Corporation disclaims any intent or obligation to update those
forward-looking statements, except as otherwise specifically
stated.
Company Contact
E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
ebharvey@lrad.com
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