SAN DIEGO, CA – May 12, 2020 – Genasys Inc. (NASDAQ: GNSS), a global provider of critical communications systems and solutions, today announced more than $1.4 million in Genasys hardware orders from multiple United States agencies, including the Department of Defense. The orders for the U.S. Air Force, Army and Coast Guard, plus the State Department, Department of Agriculture, and the Department of Homeland Security include LRAD® 100X, 300X, 450XL, 500X, and military specification 360XT trailer systems and accessories.
“Many of these hardware systems are being procured for use in the agencies’ COVID-19 responses,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Additionally, homeland security and public safety agencies in Germany, France, Spain, Belgium, Greece, the Czech Republic and Colombia have recently placed orders for our systems.”
In COVID-19 responses, Genasys’ hardware systems enable operators to communicate to individuals and groups from safe standoff distances. Featuring industry-leading vocal clarity and area coverage, LRAD systems deliver notifications and information to people inside vehicles and buildings, facilitate drive-through coronavirus testing, provide communications for outdoor testing and triage centers, and broadcast social distancing reminders to large groups in public areas.
About Genasys Inc.
Genasys™ is a global provider of critical communications solutions to help keep people safe. 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 genasys.com.
Forward-Looking Statements
Except 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 forward-looking statements are subject to a number of risks and uncertainties, including the consequences of the COVID-19 outbreak, other pandemics 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, 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