US Military Strengthens Commitment to Genasys Systems
September 07 2023 - 8:00AM
Genasys Inc. (NASDAQ: GNSS), the global leader in protective
communications systems and solutions, today announced new Long
Range Acoustic Device (LRAD) orders valued at $1.6 million from the
U.S. Department of Defense (DOD). These orders will deliver
LRAD-1950XLs to the United States Special Operations Command
(SOCOM) in Europe, LRAD 360-XT mobile communications trailers to
the U.S. Navy in Africa, and various spares to Navy units in the
United States.
The LRAD-1950XL is Genasys’ most
powerful LRAD with a range of up to 5,000 meters in ideal
conditions. The LRAD 360-XT is a rapidly deployable, mobile mass
notification system that is integrated into a fully self-contained,
ruggedized trailer with rechargeable batteries, solar panels, and
satellite connectivity. Both systems broadcast clear instructions,
warnings, and alert tones to effectively communicate and
de-escalate potentially dangerous situations.
“These orders are the latest in our long-standing partnership
with the U.S. military,” said Richard Danforth, Chief Executive
Officer of Genasys Inc. “Since 2005, we have supplied the DOD with
more than 5,000 LRAD systems and they have become an integral part
of military communications protocols. Combat tested and proven over
time, LRAD is unmatched when it comes to setting the standard for
long-range communication and scalable, escalation of force.”
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
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:
Anya Nelson
Scratch Marketing + Media for Genasys Inc.
genasyspr@scratchmm.com
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