LRAD® Corporation Announces $1.1 Million in International Mass Notification Orders
SAN DIEGO, CA – October 3, 2018 – LRAD Corporation (NASDAQ: LRAD), a global leader in long-range voice broadcast systems, advanced mass notification, and distributed recipient solutions, today announced mass notification orders for one of the largest oil and gas companies in Eurasia, the United States Army (“Army”), and an international air base.
The Eurasian oil and gas company that previously ordered mobile LRAD 360XT systems is expanding its use of LRAD mass notification solutions at one of its refineries by installing LRAD DS-60X horn arrays with battery backup. The 60° horns will be placed on buildings and in transient areas, linked via LRAD’s Command and Control software, and integrated with gas detection alarm systems to provide communication and emergency warning throughout the facility.
Additionally, two orders for military bases were received. The Army ordered a follow-on military-grade LRAD 360XT for deployment at an overseas forward operating base. The self-contained, self-powered mobile mass notification solution is integrated with an early warning system and can be rapidly deployed anywhere on a forward operating base. Multiple LRAD 360X systems were also ordered for an international airfield to provide base-wide mass notification. Each LRAD 360X will be pole-mounted and linked using LRAD’s Command and Control software to enable on-the-fly messaging in multiple languages and system status monitoring. LRAD’s Command and Control software is user-friendly, flexible, and easily integrates with fire alarm and other 3rd party systems.
“These orders from industrial and defense customers show the versatility and value of LRAD’s mass notification solutions,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “With industry-leading vocal clarity, communication area coverage, and activation, control and power options, LRAD systems are the most advanced voice broadcast solutions available.”
Incorporating LRAD’s award-winning voice clarity in a smaller form factor, LRAD DS-60X horn systems provide 60°- 360° area customizable communication. The rugged acoustic horn system has a 650-meter range and is efficient, low power, and built for permanent outdoor installation.
Featuring the mass notification industry’s highest Speech Transmission Index, the LRAD 360X comes in one, two, and four-emitter configurations and mounts on structures or stand-alone poles. LRAD 360X systems are field upgradeable, have flexible power options, and a communication coverage radius out to 1.3 km.
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