Genasys Inc. Receives Second Multi-Year Contract to Power Delivery of Emergency Alerts in Australia

SAN DIEGO, CA – September 29, 2020 – Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced that it has been awarded a multi-year contract from a second mobile telecom carrier to deliver emergency alerts for Australia’s next-generation early warning system. The Company recently announced it had been awarded a multi-year contract from mobile network operator, Optus. Australia’s Emergency Alert System helps keep residents and visitors informed and safe during bushfires and other critical events.

“Since partnering with Nokia in 2012 to innovate the world’s first location-based SMS Emergency Alert System for Australia, Genasys has delivered more than 150 million emergency alerts,” said Richard S. Danforth, Chief Executive Officer of Genasys. “Subscribers of both carriers do not have to opt in or download an app to receive emergency alerts powered by Genasys’ National Emergency Warning System (“NEWS”) on their mobile phones.

“These contracts increase our momentum and strengthen NEWS’ business case to successfully compete for European Emergency Warning (EECC, Article 110) directive awards,” Mr. Danforth added.

The directive requires all EU member nations implement a public warning system that delivers geo-located emergency communications through mobile telecom networks that enable reverse 112 capabilities by June 2022.

Genasys NEWS can be deployed directly on mobile carrier networks across SMS and CBC channels to send alerts and information to anyone, anywhere. Messages are delivered and managed through the Genasys web command console or mobile app. Dynamic maps, traffic information, weather forecasts, and sensors for fires, flooding, landslides, earthquakes and other IoT capabilities can be integrated into the app command console. The powerful geo-location capabilities of NEWS empower emergency management officials to send hyper-specific instructions to people at risk and monitor shelter-in-place compliance and evacuation progress. For more information, go to: Genasys NEWS.

About Genasys Inc.

Genasys is a global provider of critical communications solutions to help keep people safe. Genasys provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after public safety threats and critical business events. The Company’s unified critical communications platform includes National Emergency Warning System (NEWS), Genasys Emergency Management (GEM), Genasys Workforce Management (GWM), LRAD® systems and more.

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.

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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 without limitation the failure of the proposed Amika Mobile transaction to close on the expected timeline or at all; the effect of the Amika Mobile announcement of the transaction on customer relationships and operating results; the ability to meet all closing conditions to the Amika Mobile transaction; and the business impact of health crises or outbreaks of disease, such as epidemics or 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.

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Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
ir@genasys.com

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Viewstream
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