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LRAD announces follow-on order from Navy to upgrade hailing systems on select ships


SAN DIEGO March 7, 2017 LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced a $525,000 follow-on order from the United States Navy (“Navy”) under the multi-year $12.2 million firm-fixed-price, IDIQ contract awarded to the Company in June 2013. The LRAD 1000Xi systems and accessories are replacing first generation LRAD installations on certain Navy ships. The order is scheduled for delivery this fiscal year.

“Over 500 LRADs have been deployed throughout the U.S. fleet, which includes two to five LRADs aboard every Navy surface combatant,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “We look forward to delivering additional LRADs under both our multi-year contracts as the Navy upgrades the fleet's LRAD installations and deploys LRAD systems on new ships.”

The Company previously received a multi-year $7.4 million firm-fixed-price, IDIQ contract from the Navy in March 2016 to add remotely operated, fully integrated LRAD RXL systems to Situational Awareness Systems on Military Sealift Command ships as well as other Navy and Coast Guard vessels.

The LRAD 1000Xi is a power efficient, long distance communication system designed for applications ranging from critical infrastructure protection to territorial water, border and port security, and large vessel and vehicle installations. Superior voice intelligibility and an extended frequency range ensure broadcasts are clearly heard and understood over wind, engine and background noise. The LRAD 1000Xi broadcasts authoritative voice commands and attention-commanding deterrent tones to determine intent, establish large standoff zones, enhance response capabilities, and initiate the escalation of force when necessary.

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 are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, and resolve uncertain situations. 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 http://www.lrad.com/.


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