LRAD® Corporation Receives $2.4 Million Air National Guard Order for New LRAD 360XL-MID Mobile Mass Notification Kits
SAN DIEGO, CA – September 26, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a $2.4 million Air National Guard (“Guard”) order for LRAD 360XL-MID Mobile Kits, the newest addition to the LRAD ONE VOICE® product line. Designed by the Company to meet the unique requirements associated with the Guard’s CBRN (Chemical, Biological, Radiological, Nuclear) response missions, the Mobile Kits are scheduled to ship in the Company’s fiscal quarter ending December 31, 2017.
Comprised of an LRAD 360XL-MID emitter, ruggedized carrying case power amplifier, hardened control module, all-weather push-to-talk mic, tripod and other accessories, the LRAD 360XL-MID Mobile Kit provides a completely self-contained solution for the Guard and other agencies requiring advanced mobile mass notification.
“The new LRAD 360XL-MID Mobile Kits are slated to deploy to Air National Guard units throughout the United States,” commented Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “The Mobile Kits will significantly enhance the Guard’s communication capabilities in a variety of critical mission areas including CBRN.”
Delivering uniform 360° mass notification coverage over 2 sq. km., the LRAD 360XL-MID Mobile Kit delivers voice messages with LRAD’s industry-leading vocal intelligibility. The rugged Mobile Kit is lightweight, compact and provides hours of continuous mass notification broadcasts. Rapidly deployable, the LRAD 360XL-MID Mobile Kit is ideal for defense, homeland security, public safety and law enforcement mass notification applications. For more information, please click LRAD 360XL-MID Mobile Kit.
About LRAD Corporation
Using advanced technology and superior voice intelligibility, LRAD Corporation’s proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, and resolve uncertain situations. LRAD systems are in service in more than 70 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 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, 2016. 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