Genasys Receives $2.7 Million U.S. Navy Order for LRAD Maritime Systems
15 Mai 2024 - 2:30PM
Genasys Inc. (NASDAQ: GNSS), the global leader in Protective
Communications, today announced a $2.7 million LRAD systems order
from the U.S. Navy (Navy). The order is part of the Navy’s ongoing
replacement of first generation LRADs with new, upgraded long range
communication LRAD 1000Xi systems.
“LRAD systems have enhanced Navy ships’ over-the-water
communications and self-protection for more than 20 years,” said
Richard Danforth, Chief Executive Officer of Genasys. “LRAD
provides operators more time and distance to determine the intent
of potential threats not responding to radio calls and to initiate
and scale escalation of force (EOF) protocols accordingly.”
Mr. Danforth continued, “In addition to the more than 4,000 LRAD
systems deployed with the U.S. Military, thirty-one (31)
international Navies and Coast Guards are using LRADs for a variety
of missions including establishing vessel exclusion zones and
restricted areas, port and harbor security, search and rescue,
boarding and interdiction operations, and ship self-defense.”
Featuring rugged military construction for reliable operation in
extreme maritime conditions, the LRAD 1000Xi delivers audible
hails, notifications, warnings and commands that are clearly heard
and understood over wind, engine and background noise. LRAD's
ultra-intelligible voice messages and attention-commanding alert
tones ensure communication from close range out to 3,000 meters
(about 1.9 miles) to determine intent, de-escalate dangerous
situations and save lives.
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. Protecting people
and saving lives for over 40 years, Genasys covers more than 70
Million people in over 100 countries worldwide, including more than
500 U.S. cities, counties and states. For more information,
visit genasys.com.
Forward-Looking Statements
Except 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. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those suggested in any
forward-looking statement. The risks and uncertainties in these
forward-looking statements include without limitation the business
impact of geopolitical conflicts, epidemics or pandemics, and other
causes 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, 2023. Genasys Inc.
disclaims any intent or obligation to publicly update or revise
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
Genasys (NASDAQ:GNSS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Genasys (NASDAQ:GNSS)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024