SAN DIEGO, April 14, 2016 (GLOBE NEWSWIRE) — LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a $490,000 LRAD 1000Xi systems and accessories order for a Southeast Asian Coast Guard agency. Scheduled for delivery this fiscal year, this is the latest order from a country equipping its homeland security and defense forces with LRAD’s award winning, long range communications capabilities.
“Many nations are experiencing escalating territorial water incursions and homeland security threats,” noted Tom Brown, President and Chief Executive Officer of LRAD Corporation. “LRAD’s attention commanding warning tones and voice broadcasts determine the intent of boats not responding to radio calls, establish large standoff zones around Coast Guard vessels, and provide enhanced communication during coastal defense operations. LRAD systems ensure commands and instructions in any language are clearly delivered, heard and understood over wind, engine and background noise.”
In addition to serving with the country’s naval force on national defense missions, this Coast Guard agency is tasked with protecting the country’s extensive coast line as well as internal and territorial waters from drug smuggling, human trafficking, terrorism, the dumping of industrial or toxic waste; enforcing fishing, maritime and environmental protection laws; providing marine assistance and conducting search and rescue operations.
LRAD systems are an essential component in all Escalation of Force protocols and have proven highly effective in resolving uncertain situations and saving lives on both sides of the Long Range Acoustic Device®.
LRAD systems are in use in more than 70 countries around the world and are the only acoustic hailing devices that meet all U.S. Military requirements.
About LRAD Corporation
Using advanced technology and superior voice intelligibility, LRAD Corporation’s proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives. LRAD systems are in service in more than 70 countries around the world in diverse applications including mass notification and public address, fixed and mobile defense deployments, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, please visit www.lradx.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, 2015. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
CONTACT: Company Contact
E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
ebharvey@lradx.com
Source: GlobeNewswire