LRAD® Corporation Announces $1.0 Million Mass Notification Critical Infrastructure Order
SAN DIEGO, CA – September 13, 2018 – LRAD Corporation (NASDAQ: LRAD), a global leader in long-range voice broadcast systems, advanced mass notification and distributed recipient solutions, today announced a $1.0 million mass notification systems order for the first phase of a Federal Emergency Management Agency (“FEMA”) funded critical infrastructure project. The order consists of fixed LRAD DS-60XL and mobile LRAD 360XT voice broadcast systems.
“Government officials and emergency managers throughout the world are recognizing that broadcasting clear voice warnings and instructions to affected populations in advance of, during, and after disasters saves lives,” stated Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “The LRAD systems ordered for this project feature our solar power option and satellite connectivity, ensuring continuous operation if the power or communications infrastructure fails.”
Danforth added, “This competitively won award is part of a potentially larger program to provide a standard, unified mass notification system for this region’s populated areas, and to speed disaster response and recovery.”
Powered by LRAD’s proprietary XL driver technology, LRAD DS-60XL systems are housed in all-weather enclosures and feature 60° – 360° broadcast area directionality and exceptional vocal clarity.
Fully self-contained and self-powered, the LRAD 360XT mobile mass notification system delivers highly intelligible voice and alert tone broadcasts with uniform 360° coverage from a rapidly deployable, telescoping 30-foot pneumatic mast. The LRAD 360XT is integrated and mounted on a ruggedized trailer featuring securely mounted, lockable electronics and equipment enclosures containing the amplifier modules and pneumatic systems.
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, defense, law enforcement and public safety, homeland and border security, critical infrastructure protection, fire rescue and emergency management, maritime and port security, 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.
E. Brian Harvey
Director, Investor Relations and Capital Markets