SAN DIEGO, CA – February 27, 2020 – Genasys Inc. (NASDAQ: GNSS), a global provider of critical communications solutions, today announced it received $1.8 million in orders for portable LRAD® 100X and remotely operated LRAD 950RXL acoustic hailing devices (“AHDs”). The portable AHDs are being deployed for homeland security applications. The remotely operated LRAD systems are scheduled to be installed on large dams and at oil & gas facilities for critical infrastructure protection.
“A newly formed homeland security agency placed its first LRAD systems order, with further AHD orders from the agency anticipated,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Remotely operated LRAD systems are enhancing communication and security at dams, power plants, ports, oil and gas facilities, and other critical infrastructure facilities throughout the world.”
Featuring an integrated HD camera, a high-intensity, 12 million candlepower searchlight (optional) and a robust, IP-addressable full pan and tilt drive for precise aiming and tracking, the LRAD 950RXL provides the vital ‘first response’ capability missing from observe-only integrated security systems.
The LRAD 950RXL turns passive surveillance systems into remote first responders by creating a fully operational unmanned perimeter security solution that identifies, warns and deters potential security threats from the safety of command and control centers.
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 critical communication 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 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