Genasys™ Inc. Receives $12.6 Million U.S. Army Follow-on Order
May 13 2020 - 8:30AM
Genasys Inc. (NASDAQ: GNSS), a global provider of critical
communications systems and solutions, today announced a $12.6
million follow-on order from the U.S. Army (“Army”) for LRAD® 450XL
acoustic hailing devices (“AHDs”), spares and accessories. This is
the Company’s third LRAD 450XL order received under the $110
million Army AHD program. Another order is expected later this
quarter.
“The LRAD 450XL provides the Army with critical
communications and scalable escalation of force capabilities,” said
Richard Danforth, Chief Executive Officer of Genasys Inc. “These
LRAD systems will be fielded with Active Duty, Reserve, and
National Guard Military Police, PSYOPS and transportation security
units.”
Low profile, lightweight and designed to be
mounted on tripods, vehicles, small vessels, and Common Remotely
Operated Weapon Stations (CROWS), the LRAD 450XL incorporates
Genasys’ 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.
Defense, homeland security and public safety
agencies throughout the world use LRAD systems to deliver audible
voice messages and alert tones with industry-leading vocal clarity
and distance to safely warn and notify, establish large standoff
zones, determine intent, resolve uncertain situations, and save
lives on both sides of the Long Range Acoustic Device®.
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 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 genasys.com.
Forward-Looking Statements
Except 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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