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LRAD® Corporation Receives $850,000 in International Public Safety Notification and Wildlife Preservation Orders

1066 Days ago

SAN DIEGO, June 20, 2019 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), a global leader in critical communication systems, today announced mass notification public safety orders for Japan and multiple islands in the Asia Pacific region, and an acoustic hailing device (“AHD”) systems order for wildlife preservation from Canada. The AHD systems will be integrated with avian radar and used to locate and deter birds from landing on tailing ponds at a mining operation.

In Japan, the Company’s SoundSaber-X systems will be installed on buildings in certain urban areas to provide visually discrete public safety mass notification.

The Asia Pacific islands’ SoundSaber-X installations will help protect residents by broadcasting voice warning notifications and evacuation instructions during severe weather and tsunami threats.

“Warning sirens cannot provide critical information about the nature of an emergency and the actions necessary to help safeguard lives,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Industry-leading vocal clarity, area coverage, and activation, control and power options have established LRAD’s public safety systems as the clear choice for mass notification and emergency management.”

LRAD public safety systems have the highest Speech Transmission Index rating in the mass notification industry at 0.95, substantially exceeding FEMA’s 0.50 voice intelligibility requirement. Featuring satellite control and solar power options, LRAD mass notification systems integrate easily with external sensors and are compatible with IPAWS and other major emergency warning protocols.

About LRAD Corporation

The Company's proprietary Long Range Acoustic Devices® and advanced Genasys™ critical communication 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 protect 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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