LRAD® Corporation Announces New $1.1 Million Homeland Security Order from Southeast Asia
05 Septembre 2019 - 3:00PM
LRAD Corporation (NASDAQ: LRAD), a global leader in critical
communication systems, today announced it received a new $1.1
million order for LRAD 1000X and LRAD 500X acoustic hailing devices
(“AHDs”) and accessories. The LRAD systems and accessories are
scheduled for deployment to homeland security and law enforcement
agencies in a Southeast Asian country.
“Southeast Asia has typically been one of our
more active sales regions, although orders have slowed this fiscal
year due to government funding issues and political instability,”
said Richard S. Danforth, Chief Executive Officer of LRAD
Corporation. “With these issues resolving, we expect sales from the
region will be much stronger in fiscal 2020.”
LRAD is fundamentally changing the way homeland
security and law enforcement agencies conduct everyday duties and
elevated risk operations. LRAD systems ensure warnings, commands
and notifications are clearly heard and understood above background
noise and inside vehicles and buildings. Rugged, portable and easy
to operate, LRAD systems resolve uncertain situations and save
lives.
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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