Welcome to our dedicated page for Genasys news (Ticker: GNSS), a resource for investors and traders seeking the latest updates and insights on Genasys stock.
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.
Genasys Inc. (NASDAQ: GNSS) has announced a strategic distribution partnership with Danimex Communications A/S, enhancing its outreach in Africa and the Middle East. This collaboration aims to accelerate the sales of Genasys' critical communication solutions, including LRAD® and Integrated Mass Notification Systems. CEO Richard S. Danforth noted significant opportunities following the establishment of their Dubai office, while Danimex's CEO Charlotte Thomsen emphasized the importance of these systems amid rising crises. Genasys serves over 100 countries, focusing on public safety and emergency management.
Genasys Inc. (NASDAQ: GNSS) announced the transition of General John G. Coburn from Chairman of the Board to Chair of the Strategic Advisory Board, effective November 1, 2021. Coburn will continue to provide consultancy services after resigning from the Board and its committees. CEO Richard S. Danforth praised Coburn's leadership in expanding the company's business with the U.S. Military and transforming it into a global provider of critical communications solutions. Coburn expressed his commitment to continue working with the management team to enhance business interests and shareholder value.
Genasys Inc. announced that 13 California counties signed multi-year contracts for its Zonehaven software services, enhancing emergency evacuation planning for over 6.9 million residents. The Zonehaven platform provides real-time evacuation information, improving the response capabilities of first responders and emergency services. CEO Richard S. Danforth highlighted expectations for further county contracts this fiscal year. The software has been instrumental during several major wildfires and other emergencies, offering a comprehensive solution for public safety and critical communications.
Genasys Inc. (NASDAQ: GNSS) announced international defense and wildlife preservation orders worth $1.9 million. These include LRAD® 100X and LRAD 450XL communications systems for deployment by foreign military in the Middle East, Northern Africa, and Asia Pacific. The LRAD systems, effective for multi-language warnings and minimizing force use, are also integrated with avian radar for wildlife protection in Canadian mining operations. Genasys’ technology ensures clear transmission up to 5,000 meters and is utilized globally for defense and public safety.
Genasys Inc. (NASDAQ: GNSS) announced a $1.8 million order from the U.S. Navy for LRAD systems under a three-year indefinite delivery/indefinite quantity contract. This order enhances the Navy's long-range communication capabilities by replacing first-generation LRADs with the advanced LRAD 1000Xi systems, known for their rugged reliability in extreme conditions. The LRAD 1000Xi can deliver commands up to 3,000 meters. Genasys continues to expand its international presence, with 27 naval forces utilizing its systems for various security operations.
Genasys Inc. (NASDAQ: GNSS) has secured multi-year contracts for its Emergency Management (GEM) software services in several counties across Arkansas, Mississippi, Missouri, Pennsylvania, and Texas. These contracts, which replace incumbent systems, aim to enhance public safety through improved emergency notifications and real-time situational awareness. GEM's cloud-based platform integrates hyper-local data, enabling efficient alerts and responses during crises. Genasys continues to strengthen its position as a leader in critical communication systems, with applications serving over 100 countries.
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.
Genasys Inc. (NASDAQ: GNSS) announces its gold sponsorship of the EENA Conference 2021 in Riga, Latvia, from October 6-8, where EU Strategic Marketing Director Pablo Gomez will participate in the Public Warning Solutions panel on October 7. The event focuses on public safety solutions, uniting emergency services, researchers, and industry professionals. Genasys will showcase its critical communications systems, including Cell Broadcast and SMS technologies, at Booth #32. CEO Richard S. Danforth highlights the company's commitment to public alerting initiatives.
Genasys Inc. (NASDAQ: GNSS) has successfully launched its next-generation National Emergency Warning Systems (NEWS) software, providing real-time emergency alerts across Australia. This marks the operational start of the advanced alert system under previously announced multi-year contracts with major mobile telecom providers. CEO Richard Danforth highlighted that NEWS outperforms competitors by delivering alerts without requiring user opt-in. The system has issued over 180 million alerts since 2013 and is designed to integrate with future technologies like 5G, enhancing public safety during crises.
Genasys Inc. (NASDAQ: GNSS) has announced a partnership with Shooter Detection Systems (SDS) to enhance its Genasys Emergency Management (GEM) solution. This integration aims to improve gunshot detection and real-time alerts for public safety. The GEM system will leverage SDS's advanced acoustic detection technology to provide immediate alerts and safety instructions via various communication channels. This partnership broadens Genasys's market applications and aims to provide critical situational awareness during active shooter incidents.
FAQ
What is the current stock price of Genasys (GNSS)?
What is the market cap of Genasys (GNSS)?
What does Genasys Inc. specialize in?
What is the Genasys Protect platform?
What is LRAD?
How does Genasys generate its revenue?
What recent projects has Genasys been involved in?
Who are Genasys' main clients?
What is the significance of the recent loan agreement for Genasys?
How does Genasys contribute to public safety?
Where can I find more information about Genasys?
What are the applications of Genasys' protective communication solutions?
