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Genasys Inc. (NASDAQ: GNSS) is a global leader in Protective Communications Solutions and Systems designed to help keep people safe. Founded in 1980 and headquartered in San Diego, the company specializes in directed and multidirectional sound technologies, voice broadcast products, and location-based mass messaging solutions for emergency warning and workforce management. With its flagship Genasys Protect platform, the company offers a comprehensive portfolio of preparedness, response, and analytics software and systems.
Genasys initially captured attention with the development of the Long Range Acoustic Device® (LRAD®) in response to the 2000 attack on the USS Cole. The LRAD system revolutionized the acoustic hailing device market by delivering clear voice messages over long distances, which are now utilized globally for applications ranging from military deployments and maritime security to public safety and wildlife control.
The company's operations are segmented into Hardware and Software, with the majority of its revenue generated from the Hardware segment. Geographically, its primary revenue comes from the Americas, but it also maintains a significant presence in the Asia Pacific and EMEA regions.
Genasys' recent projects highlight its ongoing innovation and market influence. For instance, the company recently announced its involvement in Project AWARE, which aims to integrate the Galileo Emergency Warning Satellite Service (EWSS) into public warning systems. Genasys' LRADs and other technologies will be key components in this European initiative to enhance public safety during disasters.
Financially, Genasys is stable, backed by a secured loan agreement and strategic partnerships, including a recent collaboration with Telespazio France and the European Emergency Number Association for Project AWARE. The company continues to secure contracts with various governmental and enterprise clients, reflecting its robust market position and growth potential.
Genasys’ solutions are diverse and serve multiple sectors, including state and local governmental agencies, educational institutions, critical enterprise sectors such as oil and gas, utilities, manufacturing, and automotive, as well as federal governments and military organizations. Applications range from emergency warning and mass notification to critical event management, de-escalation for defense and law enforcement, and automated threat detection.
For over 40 years, Genasys has been protecting people and saving lives worldwide, covering over 70 million individuals across more than 100 countries. The company's dedication to innovation and public safety continues to position it as a foremost leader in the protective communications industry.
For more information, visit genasys.com.
On August 10, 2022, Genasys Inc (NASDAQ: GNSS) celebrated over 20 years on Nasdaq by having CEO Richard S. Danforth ring the closing bell. This event highlights the company's advancements in critical communications systems aimed at public safety during emergencies. Genasys delivers unified solutions, including its Emergency Management platform and long-range communication systems, now deployed in over 100 countries. Danforth expressed gratitude to customers and employees for their support in enhancing safety against crises like natural disasters and active shooter situations.
Genasys Inc. (NASDAQ: GNSS) has secured a $2.2 million order for LRAD systems from a major international company. This order follows a successful pilot program completed last year. Genasys continues to see increased demand for its long-range communication solutions, which play a critical role in enhancing safety and security at various commercial and governmental facilities. With systems operational in over 100 countries, the company is positioned as a global leader in critical communications.
Genasys Inc. (NASDAQ: GNSS) has partnered with the Boston Red Sox to utilize its Genasys Emergency Management (GEM) software for safety alerts at Fenway Park. This solution will enhance communication during events through various channels, including SMS, voice calls, and social media. CEO Richard Danforth highlighted the addition of QR-Code alerting and a unique Auto Discovery feature that provides notifications via WiFi for attendees. GEM is designed to improve public safety across numerous applications, emphasizing Genasys's commitment to keeping communities safe.
Genasys Inc. (NASDAQ: GNSS) has appointed Dennis Walsh as Chief Revenue Officer to spearhead the company’s sales and marketing initiatives focused on driving revenue growth. Walsh brings over 25 years of leadership experience in software business development, previously serving in executive roles at Cognigy and Redwood Software, where he significantly increased revenue. CEO Richard S. Danforth expressed confidence in Walsh’s ability to enhance Genasys' offerings and expand market presence, particularly in life-safety solutions.
Genasys Inc. (NASDAQ: GNSS) announced plans to release its fiscal third-quarter financial results on August 11, 2022, following market closure. The call will take place at 4:30 p.m. ET, with details available for those wishing to join via phone or webcast. Genasys is a leader in critical communications systems, providing solutions for public safety and emergency management across more than 100 countries. Their platforms facilitate geo-targeted alerts and notifications to enhance safety during emergencies.
Genasys Inc. (NASDAQ: GNSS) announced the extension of its Zonehaven SaaS contract with Santa Clara County, now covering over 1.9 million people. This contract follows the 2020 deal, which initially serviced 190,000 residents. The CEO highlighted the importance of real-time alerting systems in protecting residents during public safety threats, especially wildfires. Additionally, Genasys signed new contracts with Solano, Lassen, and Modoc counties, bringing the total to 24 counties benefiting from its evacuation platform. This expansion enhances emergency management capabilities across the Bay Area.
Genasys Inc. (NASDAQ: GNSS) has secured a $15.7 million follow-on order for its LRAD 450XL systems from the U.S. Army under the Acoustic Hailing Device Program. This investment supports the Army's commitment to non-lethal communication capabilities, enhancing operational versatility for Active, Reserve, and Guard units. The LRAD 450XL's advanced performance allows for long-range communication and can be mounted across various platforms. Genasys continues to serve over 100 countries, providing critical communication solutions for defense and public safety.
Genasys Inc. (NASDAQ: GNSS) has announced new multi-year contracts for its Emergency Management (GEM) software in six states, including MetLife Stadium in New Jersey. These agreements cover 13 counties and over 430,000 residents. CEO Richard S. Danforth noted that GEM has replaced competitor services in most new contracts, reinforcing the software's growing footprint across 17 states and four countries. Genasys anticipates further government and enterprise contracts this fiscal year, enhancing real-time safety alerts through multiple communication channels.
Genasys, a leader in critical communications systems, announced participation in the LD Micro Invitational XII Conference from June 7-9, 2022, in Westlake Village, California. CEO Richard Danforth and CFO Dennis Klahn will hold a group presentation on June 8, at 10:00 a.m. Pacific Time, available via live webcast. They will also engage in one-on-one meetings with investors. Genasys provides advanced solutions for public safety, serving over 100 countries with its unified critical communications platform, including emergency management and mass notification systems.
Genasys Inc. (GNSS) announces a successful evacuation drill in Walnut Creek, California, utilizing its Zonehaven digital evacuation system. The exercise, conducted by local first responders, aimed to enhance evacuation protocols in the community. Genasys CEO Richard Danforth noted that their systems now protect nearly 30% of California residents amidst increasing demand due to recent wildfires. Additionally, Genasys activated its Integrated Mass Notification System in Laguna Beach during a recent fire, further showcasing its role in public safety.
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