Genasys Announces $3.35M Renewal Agreement for Indian Navy LRAD Systems Maintenance
Genasys Inc. (NASDAQ: GNSS) has secured a three-year, $3.35 million follow-on maintenance agreement for LRAD systems deployed by the Indian Navy. This marks the third maintenance agreement for Indian Navy's LRADs, with total maintenance agreements reaching $13.8 million since 2010.
The company reports increasing LRAD deployments worldwide in defense, law enforcement, critical infrastructure protection, and maritime security applications, with recent orders from the EU, Middle East, APAC, and West Africa. The Indian Navy and other APAC naval forces utilize LRADs for anti-piracy, maritime security, and economic zone enforcement operations.
Genasys Inc. (NASDAQ: GNSS) ha stipulato un contratto di manutenzione supplementare triennale del valore di 3,35 milioni di dollari per i sistemi LRAD impiegati dalla Marina indiana. Questo rappresenta il terzo accordo di manutenzione per i LRAD della Marina indiana, con il totale degli accordi di manutenzione che raggiunge 13,8 milioni di dollari dal 2010.
L'azienda riporta un aumento delle installazioni di LRAD in tutto il mondo in applicazioni di difesa, ordine pubblico, protezione delle infrastrutture critiche e sicurezza marittima, con recenti ordini provenienti dall'UE, dal Medio Oriente, dall'APAC e dall'Africa occidentale. La Marina indiana e altre forze navali dell'APAC utilizzano i LRAD per operazioni di anti-pirateria, sicurezza marittima e attuazione delle zone economiche.
Genasys Inc. (NASDAQ: GNSS) ha obtenido un acuerdo de mantenimiento adicional de tres años por valor de 3,35 millones de dólares para los sistemas LRAD desplegados por la Armada India. Este es el tercer acuerdo de mantenimiento para los LRAD de la Armada India, con el total de acuerdos de mantenimiento alcanzando 13,8 millones de dólares desde 2010.
La empresa informa de un aumento en los despliegues de LRAD en todo el mundo en aplicaciones de defensa, orden público, protección de infraestructuras críticas y seguridad marítima, con pedidos recientes de la UE, Medio Oriente, APAC y África Occidental. La Armada India y otras fuerzas navales de APAC utilizan los LRAD para operaciones de anti-piratería, seguridad marítima y aplicación de zonas económicas.
지네시스 Inc. (NASDAQ: GNSS)는 인도 해군이 배치한 LRAD 시스템을 위한 3년, 335만 달러의 후속 유지보수 계약을 체결했습니다. 이는 인도 해군의 LRAD에 대한 세 번째 유지보수 계약으로, 2010년 이후 총 유지보수 계약이 1380만 달러에 이릅니다.
회사는 방어, 법 집행, 중요 인프라 보호 및 해양 안전 응용 프로그램에서 전 세계적으로 LRAD 배치가 증가하고 있으며, 최근에는 EU, 중동, 아시아 태평양 지역 및 서부 아프리카에서 주문이 있음을 보고했습니다. 인도 해군과 다른 아시아 태평양 해군 세력은 LRAD를 반해적, 해양 안전 및 경제 구역 집행 작전에서 사용합니다.
Genasys Inc. (NASDAQ: GNSS) a obtenu un contrat de maintenance complémentaire de trois ans d'une valeur de 3,35 millions de dollars pour les systèmes LRAD déployés par la Marine indienne. Cela marque le troisième contrat de maintenance pour les LRAD de la Marine indienne, le montant total des contrats de maintenance atteignant 13,8 millions de dollars depuis 2010.
La société signale une augmentation des déploiements de LRAD dans le monde entier dans les domaines de la défense, de l'application de la loi, de la protection des infrastructures critiques et de la sécurité maritime, avec des commandes récentes en provenance de l'UE, du Moyen-Orient, de la région APAC et de l'Afrique de l'Ouest. La Marine indienne et d'autres forces navales de la région APAC utilisent des LRAD pour des opérations de lutte contre la piraterie, de sécurité maritime et d'application des zones économiques.
Genasys Inc. (NASDAQ: GNSS) hat einen dreijährigen, 3,35 Millionen Dollar schweren Wartungsvertrag für LRAD-Systeme gesichert, die von der indischen Marine eingesetzt werden. Dies ist der dritte Wartungsvertrag für die LRADs der indischen Marine, wobei die Gesamtsumme der Wartungsverträge seit 2010 13,8 Millionen Dollar erreicht hat.
Das Unternehmen berichtet von einer zunehmenden weltweiten Verbreitung von LRADs in Verteidigungs-, Polizeieinsätzen, kritischen Infrastrukturschutz und maritimen Sicherheitsanwendungen, mit jüngsten Bestellungen aus der EU, dem Nahen Osten, dem APAC-Raum und Westafrika. Die indische Marine und andere APAC-Seestreitkräfte nutzen LRADs für Anti-Piraterie-, maritime Sicherheits- und Durchsetzungsoperationen in Wirtschaftsgebieten.
- Secured $3.35M three-year maintenance agreement with Indian Navy
- Demonstrated long-term customer relationship with $13.8M in maintenance agreements since 2010
- Expanding international presence with new orders from multiple regions
- Strong market position as global leader in Acoustic Hailing Devices
- None.
Insights
The
The expanding international LRAD business and growing pipeline suggest potential revenue acceleration, particularly in high-tension regions where maritime security is paramount. The diversification across multiple geographic markets (EU, Middle East, APAC, West Africa) reduces regional risk exposure and opens multiple growth channels.
The renewal validates LRAD's position as the industry standard for acoustic hailing devices in maritime defense applications. The Indian Navy's continued commitment, spanning over a decade, demonstrates the strategic importance and operational effectiveness of these systems in critical maritime security operations.
The escalating regional tensions in APAC waters, particularly regarding territorial disputes and fishing rights, create an expanding market opportunity for LRAD systems. The technology's dual capability for both communication and non-lethal deterrence makes it particularly valuable for naval forces seeking to de-escalate conflicts without resorting to kinetic options.
International LRAD Orders Bolstering Company’s Record Business Pipeline
“Since 2010, we have received
Chris Roller, Genasys Vice President of APAC Business Development, said, “The Indian Navy and other APAC naval forces are using LRADs extensively in anti-piracy, maritime security, and economic zone enforcement operations. As regional tensions escalate over territorial waters, fishing stocks, and disputed shoals, LRADs are providing essential communication and warning capabilities for de-escalating potential conflicts and saving lives.”
LRAD by Genasys is the global leader and de facto standard of Acoustic Hailing Devices. Featuring Genasys’ Advanced Driver and Waveguide technology, LRAD systems broadcast audible voice messages with incomparable clarity over long distances and above loud background noise. From combat and counterinsurgency to disaster response and humanitarian assistance, LRAD systems provide defense forces with the clear communication and escalation of force capabilities critical for mission success.
About Genasys Inc.
Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective Communications. Incorporating the most comprehensive portfolio of preparedness, response, and analytics software and systems, as well as the Company’s Long Range Acoustic Devices (LRAD®), the Genasys Protect platform is designed around one premise: ensuring organizations and public safety agencies are “Ready when it matters™.” Protecting people and saving lives for over 40 years, Genasys covers more than 70 million people in over 100 countries worldwide, including more than 550 U.S. cities. 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 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. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in any forward-looking statement. The risks and uncertainties in these forward-looking statements include without limitation the business impact of geopolitical conflicts, epidemics or pandemics, and other causes 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, 2023. Genasys Inc. disclaims any intent or obligation to publicly update or revise forward-looking statements, except as otherwise specifically stated.
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Investor Relations Contact
Brian Alger, CFA
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ir@genasys.com
(858) 676-0582
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Aircover Communications
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Source: Genasys Inc.
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