Genasys Inc. Receives $5.1 Million Follow-On Order from U.S. Army
Genasys Inc. (NASDAQ: GNSS) announced a $5.1 million follow-on order for the LRAD 450XL from the U.S. Army, marking its third follow-on order in 2020. This order is part of the Army's Acoustic Hailing Device program, supported by the fiscal year 2020 Defense Appropriations Bill. The LRAD 450XL is recognized for its long-range communications capabilities and is used by military police and security units for various missions. Genasys expects additional orders in fiscal year 2021.
- $5.1 million follow-on order from the U.S. Army demonstrates strong demand.
- The LRAD 450XL is preferred by the Army for critical communications, enhancing market credibility.
- Anticipation of additional orders in fiscal year 2021 indicates potential revenue growth.
- None.
SAN DIEGO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced a
Funding for this order was supplied under the fiscal year 2020 Defense Appropriations Bill. Additional LRAD 450XL follow-on orders are expected from the Army in fiscal year 2021.
“The unparalleled long-range critical communications and scalable escalation of force (EOF) capabilities of the LRAD 450XL have made it the Army's AHD of choice,” said Richard S. Danforth, Chief Executive Officer of Genasys Inc. “Active Duty, Reserve and National Guard Military Police, PSYOPS and transportation security units use LRADs for a wide range of domestic and overseas missions.”
Low profile, lightweight and designed to be mounted on tripods, vehicles, small vessels, and Common Remotely Operated Weapon Stations (CROWS), the LRAD 450XL includes Genasys’ proprietary XL driver technology to generate the audio output of a unit almost twice its size and weight with the same high level of clarity and intelligibility consistent with the LRAD product line.
As part of a communication and layered EOF strategy, LRAD systems expand decision time and distance to empower military personnel to differentiate between security threats and non-combatants, and scale EOF accordingly to save lives on both sides of the Long Range Acoustic Device®.
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 a range of diverse applications, including defense, public safety, national emergency warning systems, mass notification, law enforcement, critical infrastructure protection and many more. For more information, visit genasys.com.
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