LRAD® Corporation Announces $3.4 Million Defense and Public Safety Order from Southeast Asia
July 10 2018 - 9:00AM
LRAD Corporation (NASDAQ: LRAD), a global leader in long range
voice broadcast systems, advanced mass notification and distributed
recipient solutions, today announced a $3.4 million
follow-on LRAD 100X systems and accessories order from
Southeast Asia.
“More and more public safety, law enforcement
and defense personnel in Southeast Asia and throughout the world
are utilizing LRAD’s industry-leading acoustic hailing devices
(“AHDs”),” remarked Richard S. Danforth, Chief Executive Officer of
LRAD Corporation. “In the last 18 months, the Company has received
over $11.0 million in LRAD systems, accessories and service orders
from Southeast Asia and the Asia Pacific region.”
The portable LRAD 100X features exceptional
vocal intelligibility and an extended broadcast range out to 600
meters. Live or prerecorded LRAD 100X broadcasts are heard and
understood above crowd and background noise to ensure every message
is clearly delivered. Optimized driver and waveguide technology
coupled with power efficiency ensure several hours of clear,
continuous communication. The LRAD warning tone safely alerts
attention to the voice messages that follow and is a safer
alternative to non-lethal and kinetic measures.
About LRAD Corporation
The Company's proprietary Long Range Acoustic
Devices®, advanced ONE VOICE® mass notification systems, and
innovative Genasys™ mass messaging solutions are designed to enable
users 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 72 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 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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