Genasys Inc. Receives Follow-On International Wildlife Preservation Orders

Rhea-AI Summary

Genasys Inc. (NASDAQ: GNSS) announced follow-on orders for LRAD systems totaling $840,000 aimed at bird and wildlife preservation in hazardous areas such as mining operations in northern Canada. These systems, integrated with avian radar from DeTect, Inc., utilize focused acoustic output to broadcast predator calls and warning tones effectively. LRAD's technology ensures sound is concentrated in a 30° beam, improving deterring capabilities over traditional methods. The systems are rugged and can transmit sounds up to 3,000 meters.

Positive

• Follow-on LRAD systems orders worth $840,000 indicate strong demand.
• Integration with avian radar enhances effectiveness in wildlife preservation.
• Focused sound technology provides a more efficient deterrent compared to traditional methods.
• Rugged design ensures reliability in harsh environments.

Negative

• None.

LRAD Systems Humanely Deterring Birds and Wildlife from Hazardous Water and Waste Areas

SAN DIEGO, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in unified critical communications systems and solutions, announced today follow-on LRAD systems orders totaling $840,000 for bird and wildlife preservation. The LRAD systems will be integrated with avian radar from DeTect, Inc. and used to humanely deter waterfowl from landing on hazardous tailing ponds or entering waste areas of large mining operations in northern Canada.

"LRAD systems safeguard against habituation and preserve wildlife by broadcasting a near infinite variety of audible predator calls and warning tones with focused acoustic output." said Richard. Danforth, Chief Executive Officer, Genasys Inc. "LRAD’s advanced driver and waveguide technology ensures tones and predator calls are clearly delivered above wind and background noise. The ineffectiveness of cracker shells, propane cannons, and other repetitive sound deterrents, highlight the need for our safer, more effective wildlife protection solutions."

Mr. Danforth continued. “Airports, air bases, oil & gas facilities, and fisheries around the world are also using LRAD systems to preserve wildlife and protect critical assets.”

Unlike other wildlife deterrent systems that disperse sound in all directions, LRAD’s proprietary audio technology focuses sound in a 30° beam, while substantially reducing sound levels behind the systems and in surrounding areas. Rugged, reliable, and built to withstand harsh environments, LRAD systems broadcast warning tones and predator calls from close range to 3,000 meters.

About Genasys Inc.

Genasys^® is a global provider of critical communications solutions. Genasys' life safety systems are helping to protect people and wildlife 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.

FAQ

What are the recent orders announced by Genasys Inc. related to?

Genasys Inc. announced follow-on orders for LRAD systems totaling $840,000 focused on bird and wildlife preservation.

What is the technology used in LRAD systems?

LRAD systems employ focused acoustic output to broadcast predator calls and warning tones within a 30° beam.

How effective are LRAD systems in wildlife preservation?

LRAD systems are designed to humanely deter wildlife from hazardous areas, proving more effective than traditional sound deterrents.

What is the application of LRAD systems in Canada?

The LRAD systems will be integrated with avian radar to deter waterfowl from landing on hazardous tailing ponds in northern Canada.

How far can LRAD systems broadcast sounds?

LRAD systems can broadcast warning tones and predator calls from close range up to 3,000 meters.