Sixth International Navy to Select LRAD 950NXTs for Long-Range Communication and Scalable Escalation of Force
SAN DIEGO, CA – June 26, 2024 – Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, today announced an LRAD 950NXT systems order from Damen Schelde Naval Shipbuilding B.V. (Damen) for the German Navy’s new F-126 frigates, the largest shipbuilding project in the history of the German Navy. Damen will outfit four frigates with multiple LRAD 950NXT systems, with an option to outfit two additional frigates. The first shipment is scheduled this September with further shipments in fiscal years 2025 and 2026.
“Since its launch two years ago, the 950NXT has quickly become the world’s leading remotely operated, maritime acoustic hailing device (AHD) with six international navies and several superyacht installations,” said Richard Danforth, Chief Executive Officer of Genasys. “The 950NXTs in this order will be integrated with Thales Group’s Combat Management System to provide long-range communication out to 3,000 meters and initiate escalation of force (EOF) protocols for the German Navy’s F-126 frigates.”
Mr. Danforth added, “Beyond naval and maritime deployments, 950NXTs have also been installed for critical infrastructure protection (CIP) throughout the world. The growing demand for our maritime safety and CIP solutions are driving a robust pipeline of 950NXT business.”
Every U.S. Navy surface combatant and 31 international Navies and Coast Guards are using LRAD systems for a wide variety of applications including exclusion zone enforcement, search and rescue operations, ship self-defense, environmental response, and during anti-piracy, human trafficking and smuggling interdictions.
Featuring an integrated HD camera, high-intensity searchlight and robust, IP-addressable full pan & tilt drive, when integrated with radar or motion sensors the LRAD 950NXT provides automated alerts and becomes a fully functional, unmanned communication, perimeter security, and first response system.
LRAD’s unmatched acoustic technology is enclosed in a rugged housing and operates reliably and effectively in the harshest maritime conditions. LRAD is the most thoroughly tested AHD available having successfully passed approximately 40 separate U.S government tests, including all MILSPEC testing for heat, humidity and shock.
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
Genasys Media Contact
Lauren Ames
Aircover Communications
lauren.ames@aircoverpr.com