LRAD® Corporation Announces $1.7 Million in Defense and Homeland Security Orders
11 Juin 2019 - 3:00PM
LRAD Corporation (NASDAQ: LRAD), a global leader in critical
communication systems, today announced orders totaling $1.7 million
for multiple systems from government agencies in Japan, Southeast
Asia and the United States Military.
The orders include LRAD 100X MAG-HS kits and
accessories for international deployment by the U.S. Military, LRAD
100X, LRAD 500X and LRAD 1000Xi systems under a follow-on homeland
security order from Southeast Asia, and an LRAD 1000Xi systems
order from Japan’s Coast Guard awarded after extensive testing and
a competitive tender.
“Homeland security and defense forces in 72
nations are deploying LRAD systems to support the full spectrum of
their missions and operations,” commented Richard S. Danforth,
Chief Executive Officer of LRAD Corporation. “LRAD’s critical
communication and escalation of force (“EOF”) capabilities are
essential to changing threat behavior, protecting personnel and
saving lives.”
LRAD systems broadcast attention-commanding
voice messages and warning tones with exceptional clarity to
communicate, and safely initiate and scale EOF. From combat and
counterinsurgency to disaster response and humanitarian assistance,
LRAD provides critical communication and EOF resources for homeland
security and defense forces.
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.
Investor Relations Contacts
Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
ir@lrad.com
LRAD (NASDAQ:LRAD)
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