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LRAD® Corporation Announces New $1.1 Million Homeland Security Order from Southeast Asia

991 Days ago

SAN DIEGO, Sept. 05, 2019 (GLOBE NEWSWIRE) -- 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.

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