Genasys Inc. Announces $1M U.S. Army CROWS-AHD Prototype Contract
October 10 2023 - 8:00AM
Genasys Inc.
(NASDAQ: GNSS), the global provider
of Protective Communications solutions, today announced a $1
million contract with the U.S. Army to design and build the first
CROWS-AHD prototypes. This effort is a continuation of the
CROWS-AHD Technical Feasibility Study that Genasys completed
earlier this year.
“Adding LRAD 450XLs to CROWS is a natural extension of our
successful U.S. Army AHD Program of Record,” said Richard S.
Danforth, Chief Executive Officer of Genasys Inc. “This innovative
merging of two existing technologies will improve operational
effectiveness and reduce the incidence of non-combatant
casualties.”
CROWS are stabilized weapons mounts with a sensor suite and fire
control software that enables on-the-move target acquisition and
engagement. The addition of an LRAD 450XL provides a non-kinetic,
scalable escalation of force (EOF) capability that allows an
operator to communicate and engage with a perceived threat prior to
having to employ lethal force.
The feasibility study is being conducted by the Program
Executive Office (PEO) Soldier, located in Ft. Belvoir, VA. PEO
Soldier’s mission is to rapidly deliver agile/adaptive, leading
edge Soldier capabilities in order to provide combat overmatch
today and in the future.
The fiscal year 2024 defense appropriations bill is expected to
provide initial funding for the CROWS-AHD program and Congress has
expressed an interest in accelerating the fielding of this
capability. The current contract funds the effort through May
2024.
About Genasys Inc.
Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective
Communications Solutions and Systems, designed around one premise:
ensuring organizations and public safety agencies are “Ready when
it matters™.” The company provides the Genasys Protect platform,
the most comprehensive portfolio of preparedness, response, and
analytics software and systems, as well as Genasys Long Range
Acoustic Devices (LRAD®) that deliver directed, audible voice
messages with intelligible vocal clarity from close range to 5,500
meters. Genasys serves state and local governmental agencies, and
education (SLED); enterprise organizations in critical sectors such
as oil and gas, utilities, manufacturing, and automotive; and
federal governments and the military. Genasys Protective
Communications Solutions have diverse applications, including
emergency warning and mass notification for public safety, critical
event management for enterprise companies, de-escalation for
defense and law enforcement, and automated detection of real-time
threats like active shooters and severe weather. Today, Genasys
protects over 70 million people globally and is used in more than
100 countries, including more than 500 cities, counties, and states
in the U.S. 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 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 ContactBrian Alger, CFASVP,
IR and Corporate Developmentir@genasys.com(858) 676-0582
Media Contact:Anya NelsonScratch Marketing +
Media for Genasys Inc.genasyspr@scratchmm.com
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