Genasys Inc. Awarded Software Services Contract from Spain Ministry of the Interior
Genasys Inc. (NASDAQ: GNSS), the global leader in critical
communications systems and solutions, today announced a four-year
contract to provide software services for the Spain Ministry of the
Interior (MOI), a department of the government responsible
for public safety, national security, law enforcement,
immigration and civil defense.
“This is a significant contract award that we
expect will facilitate further software sales in Spain and the
European Union (EU),” said Richard S. Danforth, Chief Executive
Officer, Genasys Inc. “Although not part of the European Electronic
Communications Code (EECC) Article 110 initiative, the addition of
the MOI contract enhances Genasys’ position in responding to recent
and expected EU initiative requests for proposal from member states
and mobile telecom providers.”
The EECC Article 110 initiative currently
directs all EU countries to implement a public warning system that
delivers geo-located emergency communications to all
mobile phones through every mobile carrier network in each member
state by June 2022.
“Genasys NEWS is deployed directly on mobile
carrier networks across SMS and Cell Broadcast channels to send
alerts and information to anyone, anywhere,” added Mr.
Danforth. “Utilizing Genasys’ proprietary geo-redundant
processing and industry-leading speed, throughput and precision,
NEWS is unmatched in locating and delivering critical
communications to individuals and populations affected by disasters
and other crisis situations.”
Click on Genasys NEWS for more information.
About Genasys Inc.
Genasys™ is a global provider of critical
communications systems and solutions to help keep people
safe. Genasys provides a multi-channel approach to deliver
geo-targeted alerts, notifications, instructions and information
before, during and after public safety threats and critical
business events. The Company’s unified critical communications
platform includes Genasys Emergency Management (GEM) applications,
National Emergency Warning Systems (NEWS), LRAD® long-range
voice broadcast systems and more.
Genasys systems are in service in 72 countries
in a range of diverse applications, including public safety,
emergency warning, mass notification, critical event management,
defense, law enforcement, homeland security and many more. For more
information, visit genasys.com.
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 without limitation the business impact of
health crises or outbreaks of disease, such as epidemics or
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,
2020. Genasys Inc. disclaims any intent or obligation to update
those forward-looking statements, except as otherwise specifically
Investor Relations Contacts
Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
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