The Global Leader in Long Range Acoustic Hailing Devices

LRAD® Corporation Appoints Paul Neyman as Vice President of Software Sales

SAN DIEGO, CA – July 17, 2019 – LRAD Corporation (NASDAQ: LRAD), a global leader in critical communication systems, today announced the appointment of Paul Neyman to the newly created position of Vice President of Software Sales to lead the Company’s software-as-a-service (“SaaS”) sales team. Mr. Neyman previously served as Director of Sales (North America and Latin America) for Blackberry AtHoc where his sales teams consistently delivered year-over-year bookings and revenue growth.

“Paul’s success driving profitable crisis communication software sales teams and his senior engineering and developer experience made him an exceptional choice to head software sales,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “We are excited to have Paul join the Company and utilize his industry knowledge to accelerate the growth of our SaaS business.”

“LRAD Corporation’s innovative communication systems and software have the potential to disrupt the crisis mass notification industry,” commented Mr. Neyman. “I look forward to working with Richard and the software sales team on growing the Company’s SaaS business and making LRAD a leading provider of critical communication solutions.”

Prior to joining LRAD, Mr. Neyman served as the Director of Sales (NALA) for Blackberry AtHoc from July 2012 until accepting his position with the Company. Previously, Mr. Neyman served as Solutions Architect for Conformiq, and as a Senior Software Engineer for Coral8, Inc. and Good Technology, Inc. Mr. Neyman started his career as a Software Engineer at Ariba, Inc. after receiving his B.S. in Electrical Engineering and Computer Science from the University of California, Berkeley.

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, notify 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 public safety, mass notification, defense, law enforcement, homeland and border security, critical infrastructure protection, fire rescue, incident management, maritime and port security, and wildlife control and preservation. For more information, visit 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, 2018. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

Investor Relations Contacts

Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
ir@LRAD.com