Genasys Completes Acquisition of Evertel
October 04 2023 - 4:05PM
Genasys Inc. (NASDAQ: GNSS), the global leader in protective
communications systems and solutions, today announced that it has
completed the acquisition of Evertel Technologies, the leading
cross-agency collaboration platform for public safety.
“As the complexity, intensity, and frequency of
disasters increase, mass notification is no longer adequate.
Protective communications must be a stronger, strategic pillar that
incorporates planning and collaboration across first responder
agencies while also efficiently relaying that information to the
affected community” said Richard Danforth, Chief Executive Officer
of Genasys Inc. “Evertel’s solution set is complementary to the
Genasys Protect platform as it expands proactive planning and
real-time collaboration to accelerate emergency response time and
improve execution.”
“The Evertel team is excited to join forces with Genasys” said
Chief (Ret.) Jeff Halstead, President & co-founder of Evertel.
“The synergy between our teams, product alignment and customer
focused operating principles make our companies very complementary
to drive adoption of compliant communication practices in mission
critical operations.”
Planning, collaboration, and communication are key aspects of
inter and intra agency partnership to mitigate and respond to an
emergency. With the combined Genasys Protect and Evertel solution
set, our customers will benefit from an extensive toolset for the
entire lifecycle of an incident. Operating as a virtual Emergency
Operations Center (EOC), the combined platform will be an extension
of the tools that first responders use daily to drive response
efficiency. Advanced post action analytics offered on the platform
make it possible to enhance planning for the next incident. The
partnership of Genasys Protect and Evertel is creating a new era of
compliant collaboration and communication redundancy.
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.
About Evertel TechnologiesEvertel is a secure
& compliant mission-critical collaboration platform for
the public safety market that brings the right people, information,
and tools together in one space. Our intuitive platform helps
agencies of all sizes—small towns, big cities, and everything in
between—to work together more effectively to protect their
communities and save lives.
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
Genasys (NASDAQ:GNSS)
Historical Stock Chart
From Apr 2024 to May 2024
Genasys (NASDAQ:GNSS)
Historical Stock Chart
From May 2023 to May 2024