Vietnam Ministry of Defense Expands Genasys Contract for Naval Frigates
September 05 2023 - 8:00AM
Genasys Inc. (NASDAQ: GNSS), the global leader in protective
communications solutions, today announced a new, $1.9 million
LRAD-500X-RE and 1000XI order from the Vietnam Military of Defense
(MOD). The new multi-year program will add Genasys long-range
acoustic hailing devices (LRADs) to the country’s Naval frigates.
This latest order brings the Vietnam MOD’s total investment in
Genasys LRAD solutions since 2019 to $4.8 million USD.
“Since 2019, we’ve partnered with the Vietnam MOD, delivering
top-of-the-line LRAD solutions to their Navy, Coast Guard, Army,
and Border Guard. ” said David Schnell, VP of Global Business
Development for Genasys Inc. “Given the current geo-political
tensions in the Asia-Pacific region, the addition of LRADs to
Vietnam’s frigates will add significant capabilities to the vessels
including ship self defense and the ability to de-escalate
potentially dangerous situations before they expand.”
The LRAD-500X-RE and 1000XI are state-of-the-art, manually
operated AHDs that provide non-kinetic, scalable escalation of
force capabilities and clear, long range communications to
distances of 2,000 and 3,000 meters respectively. Since 2005,
twenty six international Navies and Coast Guards have followed the
US Navy’s lead by adding LRADs to their surface fleets. This most
recent LRAD order from Vietnam further demonstrates the world’s
militaries’ commitment to Genasys’ technologies.
Genasys LRAD systems are deployed in more than 100 countries and
500 U.S cities in diverse applications, including public safety,
law enforcement, defense, border and homeland security, critical
infrastructure protection, fire rescue, emergency management,
maritime and port security, and wildlife control and
preservation.
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
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You should not place undue reliance on these statements. We base
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developments, and other factors that we believe are appropriate
under the circumstances. These statements involve risks and
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that may affect our supply chain, and other risks and
uncertainties, many of which involve factors or circumstances that
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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:
Anya Nelson
Scratch Marketing + Media for Genasys Inc.
genasyspr@scratchmm.com
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