LRAD® Corporation Receives Follow-On Canadian Army Orders
30 Avril 2019 - 3:00PM
LRAD Corporation (NASDAQ: LRAD), a global leader in long
range voice broadcast systems and advanced mass notification
solutions, today announced follow-on orders for LRAD 100X and LRAD
450XL systems and accessories from the Canadian Department of
National Defence for use by the Canadian Army. The man-portable and
vehicle-mounted communication systems will be used to support
domestic operations, multinational combat operations and ongoing
NATO and United Nations peacekeeping missions.
“The $508,000 in additional orders follow an
initial $1.0 million order received last year after a competitive
tender and extensive testing,” remarked Richard S. Danforth, Chief
Executive Officer of LRAD Corporation. “Further orders for the
Canadian Army are expected later this year.”
“We continue to leverage our U.S. Army and
National Guard business with international armed forces by
implementing the same strategy we developed to grow LRAD’s U.S.
Navy business from initial deliveries to deployments throughout the
U.S. fleet and 25 international navies,” Danforth added.
Today's military forces are required to support
the full spectrum of missions. From combat and counterinsurgency to
disaster response and humanitarian assistance. Regardless of the
assigned mission, clear communication and scalable escalation of
force (“EOF”) are critical to mission success.
From the rugged, lightweight LRAD 100X to larger
systems temporarily or permanently mounted on vehicles, vessels,
and helicopters, LRAD provides essential communication and EOF
capabilities for defense forces throughout the world.
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 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.
Company Contact
E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
ebharvey@lrad.com
LRAD (NASDAQ:LRAD)
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