Skip to main content

Genasys™ Inc. Receives $1.2 Million in Defense and Mass Notification Orders

Written by Customer Service on . Posted in Public Companies.

SAN DIEGO, March 26, 2020 (GLOBE NEWSWIRE) — Genasys Inc. (NASDAQ: GNSS), a global provider of critical communications solutions, today announced it received $1.2 million in defense and mass notification orders.  A European Navy placed a follow-on order for LRAD 950RXL acoustic hailing devices (“AHDs”). The remotely operated systems are being installed on the fleet’s frigates for shipboard protection and communication. Additionally, a Southeast Asia Navy ordered AHDs and the U.S. Army (“Army”) placed a follow-on mass notification order for military-specification LRAD 360XTs. The self-contained, self-powered mass notification systems are scheduled for deployment on a forward operating base.
“The LRAD 360XT systems are integrated with an early warning system and can be rapidly positioned anywhere on the base,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Regarding the LRAD 950RXL systems order, a second follow-on order is expected from the same European Navy next quarter.”“As an essential provider of public safety and defense critical communications systems, our production and operations facility remains open,” added Mr. Danforth. “Order deliveries are proceeding as scheduled, which include another large shipment of LRAD 450XLs this month against the $20.2 million in Army orders received last August.”About Genasys Inc.
Genasys™ is a global provider of critical communications solutions to help keep people safe. During public safety threats and critical business events, the Company’s unified platform of LRAD® systems, Critical Communications as a Service (CCaaS) software and integrated solutions provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after crisis situations.Genasys systems are in service in 72 countries around the world in diverse applications, including public safety, national emergency warning systems, mass notification, defense, law enforcement, critical infrastructure protection and many more. For more information, visit www.genasys.com.Forward-Looking StatementsExcept 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 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, 2019. 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.
ir@genasys.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.