LRAD(R) Corporation Announces Opening ONE VOICE(R) Mass Notification Order from the Saudi Electricity Company
Company Also Receives Additional Mass Notification Orders from Asia
SAN DIEGO, Feb. 11, 2016 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ:LRAD), the world's leading provider of Long Range Acoustic Devices® and advanced ONE VOICE mass notification systems, today announced an opening order from the Saudi Electricity Company (SEC). SEC is replacing the warning systems at one of its power generation facilities with the advanced technology and superior voice intelligibility of LRAD ONE VOICE solutions. The Company also received LRAD 360X 2-Emitter and 8-Emitter systems orders for two Asian municipalities upgrading their tsunami warning systems with LRAD's highly intelligible voice capability. The combined orders total approximately $300,000 and are scheduled to ship this fiscal year ending September 30, 2016.
LRAD Corporation and its proprietary Long Range Acoustic Devices® and advanced ONE VOICE® mass notification systems use enhanced long-range communication to 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, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, please visit www.lradx.com.
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: E. Brian Harvey Director, Investor Relations and Capital Markets 858.753.8974 firstname.lastname@example.org