Genasys Announces $3.35M Renewal Agreement for Indian Navy LRAD Systems Maintenance
09 Dicembre 2024 - 3:00PM
Business Wire
International LRAD Orders Bolstering
Company’s Record Business Pipeline
Genasys Inc. (NASDAQ: GNSS), the global leader in Protective
Communications, today announced a three-year, $3.35 million
follow-on maintenance agreement for LRAD systems deployed by the
Indian Navy. This is the third agreement under which the Indian
Navy’s LRADs are serviced through Genasys at in-country maintenance
centers.
“Since 2010, we have received $13.8 million in LRAD maintenance
agreements for India’s Navy,” said Richard Danforth, Chief
Executive Officer of Genasys. “International LRAD business
continues to rebound as is evidenced with this agreement as well as
the EU, Middle East, APAC, and West Africa orders announced earlier
this calendar year. LRAD deployments are increasing around the
world in defense, law enforcement, critical infrastructure
protection, and maritime, border, and homeland security
applications.”
Chris Roller, Genasys Vice President of APAC Business
Development, said, “The Indian Navy and other APAC naval forces are
using LRADs extensively in anti-piracy, maritime security, and
economic zone enforcement operations. As regional tensions escalate
over territorial waters, fishing stocks, and disputed shoals, LRADs
are providing essential communication and warning capabilities for
de-escalating potential conflicts and saving lives.”
LRAD by Genasys is the global leader and de facto standard of
Acoustic Hailing Devices. Featuring Genasys’ Advanced Driver and
Waveguide technology, LRAD systems broadcast audible voice messages
with incomparable clarity over long distances and above loud
background noise. From combat and counterinsurgency to disaster
response and humanitarian assistance, LRAD systems provide defense
forces with the clear communication and escalation of force
capabilities critical for mission success.
About Genasys Inc.
Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective
Communications. Incorporating the most comprehensive portfolio of
preparedness, response, and analytics software and systems, as well
as the Company’s Long Range Acoustic Devices (LRAD®), the Genasys
Protect platform is 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 550 U.S. cities. For more
information, visit genasys.com.
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Future results may differ materially from our current expectations.
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uncertainties, see the “Risk Factors” section of the Company’s Form
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version on businesswire.com: https://www.businesswire.com/news/home/20241209690633/en/
Investor Relations Contact Brian Alger, CFA SVP, IR and
Corporate Development ir@genasys.com (858) 676-0582
Genasys Media Contact Lauren Ames Aircover Communications
lauren.ames@aircoverpr.com
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