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Aug 30, 2016 9:00 EST

LRAD(R) Corporation Receives LRAD 1000Xi Systems Orders for the U.S. Marine Corps

Disclosure NewswireTM

iCrowdNewswire - Aug 30, 2016

 

SAN DIEGO, CA – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced it has received LRAD 1000Xi systems and accessories orders for the U.S. Marine Corps (“Marine Corps”) totaling over $335,000. The LRAD 1000Xi systems will be vehicle mounted and the orders are scheduled to ship before September 30, 2016.

“With these orders for the Marine Corps, LRAD systems will now be deployed by all branches of the U.S. Military,” commented Richard S. Danforth, Chief Executive Officer for LRAD Corporation. “We’re pleased to be the leading provider of AHDs to defense forces in the United States and throughout the world.”

Featuring superior voice intelligibility and extended frequency range, the power efficient LRAD 1000Xi provides an exceptional long-range communication capability to broadcast attention-commanding voice messages and deterrent tones to hail and warn, determine intent, and fill the critical gap between initial engagement and the escalation of force.

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 Information:

E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
[email protected]

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