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Technology Stocks : LRAD - Long Range Acoustic Device
LRAD 7.310+0.8%Apr 12 4:00 PM EDT

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To: Savant who wrote (163)8/8/2019 4:11:51 PM
From: Savant   of 187
 
globenewswire.com

SAN DIEGO, Aug. 08, 2019 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), a global leader in critical communication systems, today announced it has received a follow-on $14.8 million order from the U.S. Army (“Army”). The Army is purchasing LRAD 450XL acoustic hailing device (“AHD”) systems and accessories for deployment with active duty, Reserve and National Guard units. This is the Company’s fourth order from the Army’s $110 million AHD program. Three LRAD 500X program orders were previously delivered.

“This is the Company’s largest domestic order to date,” said Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Further, we anticipate another LRAD 450XL order under this program later this quarter and additional purchases in subsequent years to meet the Army’s long-term AHD requirements.”

“The LRAD 450XL and LRAD 500X are the only AHDs qualified for deployment by the Army,” continued Mr. Danforth. “After extensive testing, our smaller, lighter LRAD 450XL was selected to meet the Army’s critical communication and scalable escalation of force requirements. We’re working with other branches of the U.S. military and our partners overseas to expand LRAD 450XL use within the Department of Defense and throughout international defense forces.”

Low profile, lightweight and designed for temporary or fixed mounting on tripods, vehicles, small vessels, and Common Remotely Operated Weapon Stations (CROWS), the LRAD 450XL incorporates LRAD’s patented technology to generate the audio output of a unit almost twice its size and weight with the same high level of clarity and intelligibility consistent with the LRAD product line. The LRAD 450XL is rapidly becoming the AHD of choice for domestic and international defense, homeland security and public safety services.
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