Genasys Announces New Critical Infrastructure Protection Orders for the U.S. Energy Sector

Rhea-AI Summary

Genasys, Inc. (NASDAQ: GNSS) announced sales of $750,000 worth of Protective Communications solutions to three companies in the nuclear energy and oil & gas sectors. The contracts include the Genasys Protect integrated platform and advanced acoustic devices, to be deployed at sites in the central, southwestern, and southeastern United States.

SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) --  Genasys, Inc. (NASDAQ: GNSS), the global provider of Protective Communications solutions, today announced sales to three companies in the nuclear energy and oil & gas sectors.  The total value of the contracts is $750,000 and they include the Genasys Protect integrated platform and advanced acoustic devices. The systems will be deployed at sites in the central, southwestern, and southeastern United States.

Recognizing that a modern communication platform is critical to safety during both routine operations and crisis situations, all three companies sought a multi-use solution to broadcast recurring and custom messages to plant operators, security personnel, and visitors. By delivering highly intelligible warnings to those outside the security perimeter, operators can keep people at a safe distance from the facility.

“Our intuitive, integrated platform provides robust and effective communication in high-stakes environments, “said Richard Danforth, CEO of Genasys, Inc. “These orders are indicative of the strong traction that Genasys systems and software are generating within the Critical Infrastructure Protection sector.”

These deployments underscore the customers’ determination to protect their assets and keep the public safe through the rapid dissemination of critical information to employees and the public. Genasys Protect comprises the most comprehensive portfolio of preparedness, response and analytics software and systems designed around one premise: ensuring organizations and public safety agencies are ready when it matters.

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 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. 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.

FAQ

What did Genasys, Inc. announce recently?

Genasys, Inc. announced sales of $750,000 worth of Protective Communications solutions to companies in the nuclear energy and oil & gas sectors.

What is the ticker symbol for Genasys, Inc.?

The ticker symbol for Genasys, Inc. is GNSS.

What sectors did the sales involve?

The sales involved the nuclear energy and oil & gas sectors.

Where will the systems be deployed?

The systems will be deployed at sites in the central, southwestern, and southeastern United States.

Who is the CEO of Genasys, Inc.?

The CEO of Genasys, Inc. is Richard Danforth.