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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.
Genasys Inc. (NASDAQ: GNSS) announced new contracts for its Genasys Emergency Management (GEM) software from UC Irvine, North Coast Water District, and Newport Beach. CEO Richard S. Danforth highlighted increasing interest and sales in the GEM platform, designed for real-time emergency communication through various channels. GEM integrates with multiple alert systems, including FEMA's IPAWS, enhancing communication clarity and coverage. Genasys operates in 72 countries, providing critical communications solutions that address public safety and emergency alerts.
Genasys Inc. (NASDAQ: GNSS) announced a multi-year contract with Optus, a major Australian mobile network operator, to enhance emergency alerts through its National Emergency Warning System (NEWS). This innovative system requires no opt-in from users and delivers critical alerts directly to mobile devices during emergencies, such as bushfires. Genasys' partnership with Nokia aims to integrate advanced features, including geo-location and real-time data, to improve public safety communications. Other contracts with Australia's telecom providers are anticipated soon.
Genasys Inc (NASDAQ: GNSS) announced participation in the 9th Annual Gateway Conference on September 10, 2020. Members of the executive management team will present from 12:00 p.m. to 12:25 p.m. Eastern Time and will engage in one-on-one meetings with registered investors.
Interested parties can access the live webcast and schedule meetings through Genasys Investor Relations at ir@genasys.com. Genasys provides critical communications systems used in over 450 U.S. cities and 72 countries for public safety and emergency management.
Genasys Inc (NASDAQ: GNSS), a leader in critical communications, will participate in the LD Micro 500 Virtual Conference on September 1, 2020. The company's executive management team will present at 12:40 p.m. ET and engage in one-on-one meetings with investors. Genasys offers comprehensive emergency management solutions, including geo-targeted alerts, and operates in 72 countries and over 450 U.S. cities. For a detailed webcast of the presentation, visit the event page.
Genasys Inc. (NASDAQ: GNSS) announced a definitive agreement to acquire Amika Mobile, a Canadian provider of critical event communication software. This acquisition aims to enhance Genasys' offerings in emergency management by integrating Amika's robust technological capabilities to accelerate software business growth. The combined solution is expected to improve safety measures for various sectors, including governments and educational institutions. The transaction, approved by both companies' boards, is anticipated to close within 30-60 days, pending regulatory review.
Genasys Inc. (NASDAQ: GNSS) plans to release its fiscal third quarter financial results on August 10, 2020, after market close. The conference call will occur at 4:30 p.m. Eastern Time. Participants can join by dialing the toll-free number 888.390.3967 or international number 862.298.0702. Genasys, a leader in critical communications systems, provides critical safety solutions across 72 countries and 450 U.S. cities, emphasizing its role in emergency management and public safety.
Genasys Inc. (NASDAQ: GNSS) announced its inclusion in the Russell 3000 Index following the annual reconstitution on June 26, 2020. This annual process ranks the largest U.S. stocks by market capitalization, with membership providing significant investment exposure and visibility among a broader pool of investors. The Russell 3000 Index, which includes 3,000 stocks, is used widely by investment managers, with approximately $9 trillion in assets benchmarked against its indexes. CEO Richard S. Danforth expressed optimism about the benefits of this inclusion for Genasys and its communication solutions.
Genasys Inc. (NASDAQ: GNSS) announced $2.4 million in orders for LRAD 500X and LRAD 1000X acoustic hailing devices from countries in Southeast Asia and Africa. The Southeast Asian country will deploy these systems for homeland and border security, while two African nations will use them for public safety. Richard S. Danforth highlighted the effectiveness of LRAD systems in enhancing security communications. Genasys operates globally, providing critical communications solutions across 72 countries for diverse applications.
Genasys Inc. (NASDAQ: GNSS) announced a $1.9 million follow-on order from the U.S. Army for the LRAD® 450XL acoustic hailing devices. This marks the second order in the fiscal year and the fourth under the Army's AHD program since early 2019. The 450XL features patented technology that allows it to produce audio output comparable to larger units, making it ideal for various defense and law enforcement applications. Genasys systems are actively utilized in 72 countries for critical communications solutions.
Genasys Inc. (NASDAQ: GNSS) announced that its LRAD systems were effectively utilized by law enforcement in various cities for crowd communication during recent protests. These systems provided crucial voice clarity over noise, supporting public safety efforts in situations like active shooter incidents and traffic control. CEO Richard Danforth highlighted the importance of these systems in enhancing safety for both the public and officers by allowing for effective communication from safe distances. Genasys serves clients across 72 countries, enhancing operational capabilities in critical situations.
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