SAN DIEGO, CA – June 11, 2020 – Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced $2.4 million in orders for LRAD® 500X and LRAD 1000X acoustic hailing devices (“AHDs”) and accessories from three countries.
A country in Southeast Asia will use the LRAD 500X systems for homeland and border security applications, and the LRAD 1000X systems for vessel-mounted offshore security operations. Both follow-on orders are part of multi-year programs for communication solutions to enhance security procedures.
Vehicle-mounted LRAD 500X systems are being deployed by two African nations for homeland security and public safety applications. Subsequent orders are expected from one of the countries.
“Genasys’ LRAD systems help safeguard the public and protect homeland security and public safety officers during daily duties and tactical operations,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Border security agencies in Southeast Asia and in other regions are making LRAD their communication system of choice.”
LRAD systems broadcast audible voice messages and alert tones from close range out to 3,500 meters. LRAD systems ensure warnings, commands and notifications are clearly heard and understood above background noise, and inside vehicles and buildings. Rugged, portable and easy to operate, LRAD systems help resolve uncertain situations and save lives.
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