Genasys Inc. Secures $1.0 Million in International Critical Infrastructure Protection and Wildlife Preservation Orders
June 29 2021 - 8:40AM
Genasys Inc. (NASDAQ: GNSS), the global leader in critical
communications systems and solutions, today announced international
LRAD 1000Xi systems orders totaling $1.0 million for critical
infrastructure protection and wildlife preservation.
Offshore oil platforms in Nigeria will be
equipped with LRAD 1000Xi systems to communicate to and warn away
security threats, encroaching fishing boats, and approaching
vessels not responding to radio calls.
“Flags, lights and flares are ineffective in
stopping encroaching boats from entering restricted areas around
oil & gas platforms,” said Richard S. Danforth, Chief Executive
Officer of Genasys Inc. “LRAD’s long-range alert tone and
exceptionally clear voice broadcasts provide platform security
personnel more time to determine the intent of approaching vessels
and scale responses appropriate to the incursions.”
The orders also include LRAD systems integrated
with avian radar from DeTect, Inc. to humanely deter waterfowl and
other wildlife from entering hazardous water and waste areas at a
large mining operation in northern Canada.
“LRAD systems use directionality and focused
acoustic output to broadcast a near infinite variety of predator
calls and warning tones to ensure against wildlife habituation,”
added Mr. Danforth. “In addition to significantly reducing
waterfowl deaths at mining operations, LRADs are in use throughout
the world to preserve wildlife and protect critical assets at
airports, air bases, oil & gas facilities, and fisheries.”
LRAD systems broadcast audible voice messages
and tones with exceptional clarity from close range to 5,000
meters. Rugged, reliable, and built to withstand harsh
environments, LRAD systems help resolve uncertain situations and
save lives.
About Genasys Inc.
Genasys™ is a global provider of critical
communications solutions that help keep people safe. Genasys
systems are in service in more than 100 countries around the world
in a range of diverse applications, including defense, public
safety, national emergency warning systems, mass notification, law
enforcement, critical infrastructure protection, and many more. 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 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 our ability to recognize the expected synergies and
other benefits of the Zonehaven acquisition; difficulties in
integrating Zonehaven post-closing; diversion of management time
addressing post-closing transaction-related issues; uncertainties
related to litigation involving the acquisition of Zonehaven;
uncertainties related to unanticipated integration costs or
undisclosed liabilities assumed; uncertainties related to the
acceptance of the Zonehaven acquisition and its products by third
parties; the business impact of health crises or outbreaks of
disease, such as epidemics or pandemics and how they 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, 2020. 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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