LRAD Corp. Wins $1.5m Navy Deal
LRAD Corporation (NASDAQ: LRAD) announced a $1.5m in new LRAD orders from the U.S. Navy. The orders, which consist primarily of LRAD 1000X systems and support equipment, are scheduled to ship this quarter. “This is the latest in a series of LRAD orders we’ve received from the U.S. Navy since 2003,” said Tom Brown, president and CEO of LRAD Corporation. “LRAD systems are deployed by naval forces around the world to hail, warn, notify and communicate over long distances, giving naval personnel time and distance to determine the intent of potential threats not responding to radio calls and creating standoff zones around their vessels.”
American Technology, New Navy Contracts
American Technology Corporation (ATC) (NASDAQ: ATCO), a provider of directed sound products and technologies, has received two new LRAD orders totaling $2.7m from the U.S. Navy. The orders were received late last quarter (fiscal Q1) and are scheduled to ship in fiscal Q2. The first order, totaling $2.3m, includes LRAD 500X systems for deployed security forces and enhanced LRAD 500 systems for force protection and anti-terrorist applications. LRAD 500X is the only acoustic hailing device (AHD) that meets the U.S. Navy’s intelligible voice transmission, size, power, and weight requirements. This is the third major order secured through maritime security representative, Anchor Innovation. “Recently, the U.S. Navy and the U.S.
