Genasys Lands $900K in LRAD Defense Orders from Middle East
25 Giugno 2024 - 1:00PM
Genasys Inc. (NASDAQ: GNSS), the global leader in Protective
Communications, today announced new and follow-on defense orders
from the Middle East. The follow-on order is part of a previously
announced foreign military sales (FMS) contract award to deploy
LRAD systems on shore installations and naval ships. The combined
value of the original award and the follow-on order is over
$2.7M.
“International orders that have been delayed are starting to
come in”, said Richard S. Danforth, Chief Executive Officer of
Genasys. “FMS orders, the Puerto Rico dams project, the Common
Remotely Operated Weapon Station (CROWS) Effectors program, and
other LRAD and ACOUSTICS business are expected to drive record
pipeline and backlog and position the Company for significant
revenue growth next fiscal year and beyond.”
Domestic and international defense forces are required to
support the full spectrum of missions, from combat and
counterinsurgency to disaster response and humanitarian assistance.
Regardless of the assigned mission, clear communication and
scalable escalation of force (EOF) are critical to mission success.
Exclusive to LRAD is Genasys’ proprietary technology that focuses
audible voice and tone transmissions forward from close range to
more than 5,500 meters to communicate with exceptional clarity and
intelligibility, and safely initiate and scale EOF.
About Genasys Inc.
Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective
Communications. The Genasys Protect platform, the most
comprehensive portfolio of preparedness, response, and analytics
software and systems, as well as the Company’s Long Range Acoustic
Devices (LRAD®), are designed around one premise: ensuring
organizations and public safety agencies are “Ready when it
matters™.” 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. 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
Media Contact
Lauren Ames
Aircover Communications
lauren.ames@aircoverpr.com
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