Protective Communications Leader Genasys Announces $10.7M U.S. Army Follow-On Award
06 Junho 2023 - 9:00AM
Genasys Inc. (NASDAQ: GNSS), the global leader in protective
communications solutions, today announced a $10.7 million follow-on
LRAD® 450XL acoustic hailing devices (AHD) order from the United
States Army (Army).
“As the Army’s only AHD provider, our LRAD systems provide
unparalleled long range communication and scalable escalation of
force capabilities,” said Richard Danforth, Chief Executive Officer
of Genasys Inc. “Military Police, Transportation Security, and
Psychological Operations units from the Active, Reserve, and Guard
use our LRADs for a wide range of domestic and overseas missions.
This program is a testament to the Army's unwavering commitment to
equipping Soldiers with state-of-the-art long range communication
systems to resolve uncertain situations and protect lives.”
Since 2010, Genasys has supplied nearly 5,000 acoustic hailing
devices to the U.S. Department of Defense. “Now proven and combat
tested, we are actively engaged in developing programs to expand
the use of AHDs across additional services and functions,” said
David Schnell, VP for Global Hardware Sales.
The low-profile, lightweight LRAD 450XL is designed for
temporary or fixed mounting on tripods, vehicles, small vessels,
and Common Remotely Operated Weapon Stations. Genasys LRAD systems
are deployed in more than 100 countries and 500 U.S cities in
diverse applications, including public safety, law enforcement,
defense, border and homeland security, critical infrastructure
protection, fire rescue, emergency management, maritime and port
security, and wildlife control and preservation.
About Genasys Inc.Genasys Inc (NASDAQ: GNSS) is
the global provider of Protective Communications™ Solutions,
offering Genasys Protect™, the first and only complete portfolio of
Protective Communications Software and LRAD® long-range
communication systems. Through Genasys Protect, the Company serves
the following markets and sectors: federal governments and the
military; state and local governments, agencies, and education
(SLED); and enterprise organizations in critical sectors, including
oil and gas, utilities, manufacturing, automotive, and healthcare.
Genasys Protective Communications Solutions have a diverse range of
applications, including emergency warning and mass notification for
public safety, critical event management for enterprise companies,
de-escalation for defense and law enforcement, as well as automatic
detection of real-time threats, including active shooters and
severe weather. Genasys today covers over 70 Million people
globally and is used in more than 100 countries, including over 500
cities, counties and states in the U.S. For more information, visit
genasys.com.
Forward-Looking StatementsExcept for historical
information contained herein, the matters discussed are
forward-looking statements within the meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
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
forward-looking statements are subject to a number of risks and
uncertainties, including without limitation the business impact of
epidemics or pandemics, geopolitical conflict, and other events
that may affect our supply chain, and other risks and
uncertainties, many of which involve factors or circumstances that
are beyond the Company’s control. 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, 2022. Genasys Inc.
disclaims any intent or obligation to update those forward-looking
statements, except as otherwise specifically stated.
Investor Relations Contact
Brian Alger, CFA
SVP, IR and Corporate Development
ir@genasys.com
(858) 676-0582
Press Release Contact:
Erin Zwirn
Scratch Marketing and Media
genasyspr@scratchmm.com
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