LRAD® Corporation Receives $4.75 Million Indian Navy AHD Systems Maintenance Agreement
LRAD (LRAD)
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Source: GlobeNewswire
SAN DIEGO, May 14, 2019 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), a global leader in long range voice broadcast systems and advanced mass notification solutions, today announced a $4.75 million five-year maintenance agreement for acoustic hailing devices (“AHDs”) deployed by the Indian Navy. The agreement is effective immediately. “Under the agreement, established in-country maintenance centers will continue to service the LRAD systems deployed by India’s naval fleet in 2012,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “This agreement succeeds our $5.5 million seven-year maintenance contract that expired earlier this year.” LRAD systems deliver essential communication and scalable escalation of force capabilities for 25 naval forces around the world by providing more time and distance for naval vessels to determine intent and distinguish between intruders, terrorist threats, refugees and fishing boats, and respond appropriately and e
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