Middle Eastern Defense Force Selects Genasys to Improve Maritime Safety
December 05 2023 - 7:00AM
Genasys Inc. (NASDAQ: GNSS), the global leader in protective
communications solutions, today announced a new foreign military
sales (FMS) contract award for a Middle Eastern defense force. The
multi-phase program, worth more than two million USD, will deploy
Genasys’ long-range acoustic hailing devices (LRADs) on multiple
ships and shore installations across the country’s
Navy.
“The recent escalation in tensions across the region, combined
with a worsening coastal security situation and unstable borders
are creating strong demand for LRAD. The ability to establish the
intent of vessels in coastal waters, de-escalate potentially
dangerous situations and avoid the use of force, is a critical
element of maritime operations.” said Peter Ayre, VP of Europe,
Middle East & Africa for Genasys. Remotely controlled
950NXT for large vessels and various manually operated AHDs such as
the 1000Xi and 450XL will provide long range, clear voice
communications at thousands of meters out. “Our long-standing
association with the U.S. military and our leadership in the
acoustic hailing market, means Genasys is ideally placed to
continue supporting international defense forces worldwide, and we
continue to see an increase in demand from the international
market”, said Richard S. Danforth, Chief Executive Officer of
Genasys.
Genasys’ superior technology and leadership in the maritime
sector has led 26 international Navies and Coast Guards to install
LRADs on their ships and patrol boats. This most recent LRAD order
further demonstrates the world’s militaries’ commitment to Genasys’
technologies.
About Genasys Inc.
Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective
Communications Solutions and Systems, designed around one premise:
ensuring organizations and public safety agencies are “Ready when
it matters™.” The company provides the Genasys Protect platform,
the most comprehensive portfolio of preparedness, response, and
analytics software and systems, as well as Genasys Long Range
Acoustic Devices (LRAD®) that deliver directed, audible voice
messages with intelligible vocal clarity from close range to 5,500
meters. Genasys serves state and local governmental agencies, and
education (SLED); enterprise organizations in critical sectors such
as oil and gas, utilities, manufacturing, and automotive; and
federal governments and the military. Genasys Protective
Communications Solutions have diverse applications, including
emergency warning and mass notification for public safety, critical
event management for enterprise companies, de-escalation for
defense and law enforcement, and automated detection of real-time
threats like active shooters and severe weather. Today Genasys
protects over 70 million people globally and is used in more than
100 countries, including more than 500 cities, counties, and states
in the U.S. For more information, visit genasys.com.
Forward-Looking StatementsExcept 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. 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 business impact of
epidemics or pandemics, geopolitical conflict, and other events
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, 2022. Genasys Inc.
disclaims any intent or obligation to update those forward-looking
statements, except as otherwise specifically stated.
Investor Relations ContactBrian Alger, CFASVP,
IR, and Corporate Developmentir@genasys.com(858) 676-0582
Media ContactAvnita GulatiVP, Global
Marketingagulati@genasys.com (858) 248-1118
Investor Relations Contact
Brian Alger, CFA
SVP, IR, and Corporate Development
ir@genasys.com
(858) 676-0582
Media Contact
Avnita Gulati
VP, Global Marketing
agulati@genasys.com
(858) 248-1118
Genasys (NASDAQ:GNSS)
Historical Stock Chart
From Apr 2024 to May 2024
Genasys (NASDAQ:GNSS)
Historical Stock Chart
From May 2023 to May 2024