Genasys Inc. Announces SaaS Contracts from Utility Companies in California, Florida and Washington
Genasys Inc. (GNSS) announced new contracts for its Genasys Emergency Management (GEM) software, specifically tailored for utility applications. Key clients include Golden State Water Company, Florida Municipal Power Agency, and NW Natural, enhancing real-time safety alerts for over 3 million customers. GEM enables multiple communication channels to deliver timely information on service outages and maintenance. CEO Richard Danforth noted a diverse customer base across several verticals, highlighting GEM's role in increasing safety and information clarity amidst growing global risks.
- New contracts for GEM software with major utility companies enhance market footprint.
- GEM services over 3 million customers, indicating significant revenue potential.
- Diverse customer base across various sectors strengthens business stability.
- None.
Water, Gas & Electricity Companies to Use Genasys Emergency Management Software Customized for Utility Applications
SAN DIEGO, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in unified critical communications systems and solutions that help keep people safe, today announced Genasys Emergency Management (GEM) software-as-a-service (SaaS) contracts from Golden State Water Company (Golden State Water), Florida Municipal Power Agency (FMPA), and NW Natural in the state of Washington. Golden State Water provides water service to customers in more than 80 Northern, Coastal and Southern California communities. FMPA is a wholesale power agency owned by 31 municipal electric utilities in Florida. NW Natural serves more than 2.5 million natural gas customers across the Pacific Northwest.
"In addition to providing accurate, real-time safety alerts and notifications through multiple channels, Golden State Water and FMPA will use GEM to inform utility customers of service outages, system maintenance, and other customer-related communications," said Richard Danforth, Chief Executive Officer, Genasys Inc. "The Golden State Water SaaS contract covers more than 260,000 customers. The FMPA GEM co-op agreement covers over 2.7 million home and business customers throughout Florida. NW Natural is deploying GEM to deliver alerts and internal communications to workers, staff and contractors."
Mr. Danforth continued, "Genasys has established a diverse and growing customer base across multiple verticals, including Automotive, Entertainment, Government, Logistics, Manufacturing, and Utilities. In an increasingly dangerous world, our comprehensive suite of emergency management solutions is helping businesses, public safety agencies, and organizations inform and safeguard millions of people."
GEM delivers timely emergency communications through multiple channels, including voice calls, SMS, email, desktop alerts, social media, and other delivery methods, to help ensure critical communications are received before, during, and after crisis situations. By adding a powerful and intuitive orchestration and management layer on top of existing physical and digital infrastructure, GEM extends the clarity, reach and range of critical communications.
About Genasys Inc.
Genasys® is a global provider of critical communications systems and solutions. Genasys' unified multichannel platform empowers governments, businesses, and organizations to deliver real-time geo-targeted alerts, notifications, and information before, during, and after public safety and enterprise threats.
The Company’s unified software-as-a-service and hardware platform includes Genasys Emergency Management (GEM), Zonehaven® emergency evacuation resources, National Emergency Warning System (NEWS), Integrated Mass Notification System (IMNS), and LRAD® long-range communication systems.
Genasys' critical communications platform is helping to protect millions of people in more than 100 countries. 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, 2021. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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