Genasys Inc. Announces Follow-On GEM Enterprise Critical Communications Software Services Contract with Global Automaker
Genasys Inc. (NASDAQ: GNSS) has secured a follow-on enterprise software services contract with a major automobile manufacturer in Latin America. The Genasys Emergency Management (GEM) software, which went live on September 30, replaces a competitor's system and integrates with the automaker's resource planning. The GEM system enhances communication for over 25,000 employees, delivering notifications through various channels. The contract underscores GEM's advantages, such as rapid deployment and increased employee accountability, following its March 2021 launch in North America.
- Follow-on contract with a leading automobile manufacturer enhances revenue stability.
- GEM software replaces less efficient competitor's system, likely improving operational efficiency.
- Integration with the manufacturer's resource planning system enhances functionality and employee safety.
- GEM's rapid deployment and multiple communication channels improve employee accountability and response times.
- None.
SAN DIEGO, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced a follow-on enterprise software services contract with a major automobile manufacturer for its operations in a Latin American country. Genasys Emergency Management (GEM) software services replaced a competitor's system and went live at multiple locations on September 30.
“The automaker's previous critical event management system did not integrate with active directories, Human Resources (HR), visitor management or building control systems and upkeep was difficult across multiple facilities and countries," said Richard S. Danforth, Chief Executive Officer, Genasys Inc. “GEM enabled full integration into the manufacturer's enterprise resource planning system and provides automatic updates on the status of employees."
“This multi-year contract follows the March 2021 launch of GEM software at the automaker's operations in the U.S. and Canada," Mr. Danforth added. “Now, more than 25,000 employees are receiving GEM life safety and critical event notifications at the global manufacturer's facilities throughout North America."
GEM delivers notifications during everyday duties and critical business events via voice calls, SMS messages, email, desktop alerts, WhatsApp, and other corporate communication channels. It also offers a user-friendly solution to message transient workers, contractors and visitors. GEM integrates with active directories and HR, visitor management and building control systems, to provide full redundancy and high resilience for workforce safety.
Mr. Danforth continued, “GEM provides numerous advantages over other critical communications solutions, including rapid deployment, format flexibility, easy and intuitive application, real-time monitoring, timely incident response, increased employee productivity and accountability, pre-configured reports, and many more.”
About Genasys Inc.
Genasys™ is a global provider of critical communications systems and solutions that 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 Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), Integrated Mass Notification Systems (IMNS), LRAD® long-range voice broadcast systems, Zonehaven™ public safety resources, and more.
Genasys systems are in service in more than 100 countries in a range of diverse applications, including public safety, emergency warning, mass notification, critical event management, defense, law enforcement, homeland security, and other applications. 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 without limitation the business impact of health crises or outbreaks of disease, such as epidemics or pandemics and how they 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, 2020. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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