LRAD® Corporation Receives $900,000 Order for Military-Grade Mobile Mass Notification Systems
SAN DIEGO, CA – September 27, 2017 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a $900,000 military-grade LRAD 360XT order for the U.S. Army (“Army”). The mobile mass notification systems are scheduled for delivery in the Company’s fiscal year 2018 to forward operating bases in the Middle East.
“These LRAD 360XT mobile mass notification systems are engineered to meet Army force protection requirements, including additional towing options, camouflaged exteriors and ruggedized frames,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “The seamless integration of LRAD software into the Army’s command and control software enables the trailer systems to be remotely operated and broadcast both routine announcements and potentially lifesaving emergency warnings over large areas.”
LRAD 360XT mass notification trailer systems deliver LRAD’s renowned, 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 fully self-contained, ruggedized trailer featuring securely mounted, lockable electronics and equipment enclosures containing the amplifier modules and battery pneumatic systems. For more information, please click LRAD 360XT.
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