Genasys Announces New Critical Infrastructure Protection Orders for the U.S. Energy Sector
December 06 2023 - 8:00AM
Genasys, Inc. (NASDAQ:
GNSS), the global provider of Protective Communications
solutions, today announced sales to three companies in the nuclear
energy and oil & gas sectors. The total value of the
contracts is $750,000 and they include the Genasys Protect
integrated platform and advanced acoustic devices. The systems
will be deployed at sites in the central, southwestern, and
southeastern United States.
Recognizing that a modern communication platform is critical to
safety during both routine operations and crisis situations, all
three companies sought a multi-use solution to broadcast recurring
and custom messages to plant operators, security personnel, and
visitors. By delivering highly intelligible warnings to those
outside the security perimeter, operators can keep people at a safe
distance from the facility.
“Our intuitive, integrated platform provides robust and
effective communication in high-stakes environments, “said Richard
Danforth, CEO of Genasys, Inc. “These orders are indicative of the
strong traction that Genasys systems and software are generating
within the Critical Infrastructure Protection sector.”
These deployments underscore the customers’ determination to
protect their assets and keep the public safe through the rapid
dissemination of critical information to employees and the public.
Genasys Protect comprises the most comprehensive portfolio of
preparedness, response and analytics software and systems designed
around one premise: ensuring organizations and public safety
agencies are ready when it matters.
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 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
Media Contact:
Avnita Gulati
VP, Global Marketing
agulati@genasys.com
(858) 248-1118
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