Genasys Inc. Receives $3.0 Million in LRAD® Domestic and International Security Orders
Genasys Inc. (NASDAQ: GNSS), the global leader in critical
communications systems and solutions, today announced $3.0 million
in domestic and international LRAD systems orders. The LRAD systems
will be used for public safety, border, homeland, and commercial
security applications in the United States, African countries, and
"Escalating international border incursions and
homeland security threats are increasing the demand for LRAD
systems and integrations," said Richard S. Danforth, Chief
Executive Officer of Genasys Inc. "U.S. and international public
safety agencies are using LRAD's exceptional long-range
communication and unique capabilities to de-escalate dangerous
situations, protect civilians, and safeguard officers."
"An increasing number of countries in our region
face intensifying public safety challenges," said Peter Ayre, Vice
President of Middle East, Africa, and Central Asia Business
Development for Genasys Inc. "Genasys systems provide solutions for
many of the pervasive law enforcement, border, and homeland
security issues in these nations."
The Company also announced that Mr. Mansour
Karam has been appointed Director of Business Development for
Northern and Sub-Saharan Africa to address the growing regional
demand for LRAD systems and Genasys mass notification
Fluent in Arabic, French and English, Mr. Karam
served as Motorola Solutions' Regional Channel Director in the
Middle East from 2019 – 2021, and Senior Channel Sales Manager from
2012 - 2019. He grew Motorola Solutions' distribution channel
network from 64 to 112 partners, and secured, signed, and delivered
major business deals in the Utilities, Governments, and Oil &
Gas sectors. From 2010 – 2012, Mr. Karam was Senior Radio Sales
Engineer for Saudi Ericsson Communication.
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.
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 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.
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