LRAD® Corporation Receives $1.1 Million Follow-On US Air Force Order
December 11 2018 - 09:00AM
LRAD Corporation (NASDAQ: LRAD), a global leader in long range
voice broadcast systems, advanced mass notification, and
distributed recipient software solutions, today announced a $1.1
million follow-on acoustic hailing device (“AHD”) order for the
United States Air Force (“USAF”). The order includes LRAD 500X-RE
systems, LRAD 100X MAG-HS Kits, and accessories.
“USAF security forces will utilize the LRAD
systems and accessories for law enforcement, entry control points,
and perimeter security at domestic and international Air Force
bases,” remarked Richard S. Danforth, Chief Executive Officer of
LRAD Corporation. “LRAD is the U.S. Military’s AHD of choice. In
calendar 2018, we have announced more than $19 million of AHD and
mass notification orders for U.S. government and defense
organizations.”
Compact, lightweight and designed for
applications ranging from fixed security installations to mid-sized
vehicles and vessels, the LRAD 500X-RE easily mounts and transports
to provide defense personnel unparalleled long-range communication
and safe, scalable non-kinetic escalation of force.
The LRAD 100X MAG-HS Kit consists of an LRAD
100X with a high-strength magnetic mount, LRAD Wireless Kit for
remote operation and other accessories that provide operators with
the flexibility to use the system in a wide range of scenarios.
Self-contained, portable, and featuring an extended voice broadcast
range out to 600 meters, the LRAD 100X ensures voice messages are
clearly heard and understood. LRAD’s optimized driver, waveguide
and power efficiency technologies enable several hours of
continuous communication from a single battery charge.
About LRAD Corporation
The Company's proprietary Long Range Acoustic
Devices® and advanced Genasys™ mass notification systems and mobile
alert 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, defense, law enforcement, public safety, homeland and
border security, critical infrastructure protection, fire rescue,
incident management, maritime and port security, 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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