Genasys™ Inc. Announces $1.4 Million in Orders for U.S. Military and Government Agencies
May 12 2020 - 8:30AM
Genasys Inc. (NASDAQ: GNSS), a global provider of critical
communications systems and solutions, today announced more than
$1.4 million in Genasys hardware orders from multiple United States
agencies, including the Department of Defense. The orders for the
U.S. Air Force, Army and Coast Guard, plus the State Department,
Department of Agriculture, and the Department of Homeland Security
include LRAD® 100X, 300X, 450XL, 500X, and military specification
360XT trailer systems and accessories.
“Many of these hardware systems are being
procured for use in the agencies’ COVID-19 responses,” said Richard
S. Danforth, Chief Executive Officer of Genasys Inc. “Additionally,
homeland security and public safety agencies in Germany, France,
Spain, Belgium, Greece, the Czech Republic and Colombia have
recently placed orders for our systems.”
In COVID-19 responses, Genasys’ hardware systems
enable operators to communicate to individuals and groups from safe
standoff distances. Featuring industry-leading vocal clarity and
area coverage, LRAD systems deliver notifications and information
to people inside vehicles and buildings, facilitate drive-through
coronavirus testing, provide communications for outdoor testing and
triage centers, and broadcast social distancing reminders to large
groups in public areas.
About Genasys Inc.Genasys™ is a
global provider of critical communications solutions to help keep
people safe. Genasys systems are in service in 72 countries
around the world in diverse applications, including public safety,
national emergency warning systems, mass notification, defense, law
enforcement, critical infrastructure protection and many more. For
more information, visit www.genasys.com.
Forward-Looking
StatementsExcept for historical information contained
herein, the matters discussed are forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934.
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 the consequences of the COVID-19 outbreak,
other pandemics 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, 2019. Genasys Inc. disclaims any
intent or obligation to update those forward-looking statements,
except as otherwise specifically stated.
Investor Relations Contacts
Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
ir@genasys.com
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