Los Angeles County Awards 5 Year Contract to Genasys for Evacuation Management Solution

Rhea-AI Summary

Genasys Inc. (NASDAQ: GNSS) has announced a 5-year contract with Los Angeles County to expand the use of Genasys Protect EVAC across the entire county. This expansion aims to reduce evacuation time and improve the speed of relaying public information to impacted areas. The platform allows for targeted evacuation zones, improving situational awareness, decision-making time, and communication with agencies. The company's CEO expressed commitment to the success of the project, highlighting the adoption of Genasys Protect EVAC by 36 out of 58 California counties.

Emergency Management Specialist

The partnership between Genasys Inc. and Los Angeles County introduces a significant advancement in emergency management protocols. The implementation of Genasys Protect EVAC across such a densely populated area presents a substantial improvement in evacuation efficiency and public safety communication. The targeted zoning capabilities are poised to enhance situational awareness and operational coordination during crises, providing a common operating picture for first responders. This is particularly crucial in a region prone to natural disasters such as wildfires and earthquakes.

From an emergency management perspective, the integration of this system should streamline decision-making processes and inter-agency collaboration, which are often challenged by the complexity of managing large-scale evacuations. The data-driven approach to evacuation planning is expected to mitigate risks associated with delayed responses and miscommunication, potentially saving lives and reducing the economic impact of emergency incidents.

Public Safety Technology Analyst

The adoption of Genasys Protect EVAC by Los Angeles County reflects a growing trend in public safety to leverage technology for enhanced emergency response. The platform's ability to provide real-time updates and create intelligent evacuation zones represents a leap forward in the use of technology for disaster management. It also underscores the importance of interoperability and the integration of advanced systems within existing public safety infrastructure.

As the only platform offering such a comprehensive set of evacuation management tools, Genasys is positioning itself as a leader in the protective communications market. The scalability and specificity of the solution could serve as a benchmark for future public safety technology deployments in other populous regions. For stakeholders, the long-term benefits may include reduced liability, improved community relations and the potential for lives saved during emergency events.

Market Research Analyst

The contract with Los Angeles County signifies a strategic business development for Genasys Inc., potentially influencing its market position and stock valuation. The company's expansion within California, now encompassing 36 of the state's 58 counties, indicates a solidifying trust in Genasys' systems and its market dominance in the state. This could be a harbinger for further nationwide or global adoption of their technology, which would have a positive impact on the company's financial performance.

Investors should monitor the deployment's success in LA County as a case study for scalability and effectiveness. Positive outcomes could lead to increased demand for Genasys' services, thereby impacting its revenue growth. However, investors must also consider the implementation risks, such as potential system failures or unmet performance expectations, which could affect the company's reputation and financial health.

Genasys Protect improves planning and emergency response to US’s Most Populous County

SAN DIEO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the global leader in protective communications, today announced that Los Angeles County has agreed to a 5-year contract that expands Genasys Protect EVAC utilization across the entire county to reduce evacuation time and improve speed of relaying public information to impacted areas.

The Genasys Protect platform allows Los Angeles County to create targeted evacuation zones for the entire county, playing a vital role in emergency planning and coordination across fire and law enforcement organizations. Los Angeles County is the nation's most populous county with approximately 10 million residents (over a quarter of California’s population) living over 4,000 square miles, an area larger than Delaware and Rhode Island combined. Zone-based evacuation management offers significant benefits:

• Improves situational awareness by providing a common operating picture for first responders
• Accelerates decision making time by identifying areas for protective actions
• Enhances communication and collaboration with agencies during cross jurisdictional events
• Integrates and displays zone-based maps on county and municipal websites and apps
• Improves community awareness of evacuation planning efforts with real-time updates
  
  

“Where we've rolled out Genasys EVAC, it has been a valuable tool in helping us better plan, coordinate, and conduct evacuations with first responders, as well as provide more timely and accurate information to the public,” said Bennett Cummings, Associate Director, Los Angeles County OEM. “We look forward to working with more of our cities and public safety partners as we roll it out across the county.”

“Our leading-edge, unique evacuation management solution is a revolutionary step in public safety.” said Richard Danforth, CEO of Genasys. “Within the last few years, 36 of California’s 58 counties have adopted Genasys Protect EVAC and we are committed to the success of LA County."

Genasys Protect EVAC provides a comprehensive set of evacuation management tools that make it quick and easy for fire service, law enforcement, and OES/OEM to build and maintain evacuation plans, train using accurate evacuation simulations and scenarios and during a real incident, significantly reduce the time from incident recognition to community notification. Creating intelligent zones greatly improves response management across fire and law enforcement personnel and other emergency support agencies. EVAC enables first responders to react swiftly, make informed evacuation decisions, and communicate critical evacuation and community status updates in real-time to other agencies and to the public. EVAC is the only platform that provides a unique set of data-driven decision support tools that help emergency responders determine the proper scope of an evacuation before issuing an evacuation order, replacing guesswork with intelligence.

Purpose built for all hazards, Genasys Protect EVAC is a comprehensive solution for collaborative, inter-agency decision making, evacuation planning and public message formation.

About Genasys Inc.

Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective Communications Solutions and Systems, designed around one premise: ensuring organizations and public safety agencies are “Ready when it matters™.” The company provides the Genasys Protect platform, the most comprehensive portfolio of preparedness, response, and analytics software and systems, as well as Genasys Long Range Acoustic Devices (LRAD^®) that deliver directed, audible voice messages with exceptional vocal clarity from close range to 5,500 meters. Genasys serves state and local governmental agencies, and education (SLED); enterprise organizations in critical sectors such as oil and gas, utilities, manufacturing, and automotive; and federal governments and the military. Genasys Protective Communications Solutions have diverse applications, including emergency warning and mass notification for public safety, critical event management for enterprise companies, de-escalation for defense and law enforcement, and automated detection of real-time threats like active shooters and severe weather. Today, Genasys protects over 70 million people globally and is used in more than 100 countries, including more than 500 cities, counties, and states in the U.S. 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 the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in any forward-looking statement. The risks and uncertainties in these forward-looking statements include without limitation the business impact of geopolitical conflict, epidemics or pandemics, and other causes that 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, 2023. Genasys Inc. disclaims any intent or obligation to publicly update or revise forward-looking statements, except as otherwise specifically stated.

What is the ticker symbol for Genasys Inc.?

The ticker symbol for Genasys Inc. is GNSS.

What is the purpose of the 5-year contract with Los Angeles County?

The 5-year contract aims to expand the use of Genasys Protect EVAC across the entire county to reduce evacuation time and improve the speed of relaying public information to impacted areas.

How many California counties have adopted Genasys Protect EVAC?

36 out of 58 California counties have adopted Genasys Protect EVAC.

What are the benefits of the Genasys Protect platform for Los Angeles County?

The platform allows for targeted evacuation zones, improving situational awareness, decision-making time, and communication with agencies.

Who expressed commitment to the success of the project?

Richard Danforth, the CEO of Genasys, expressed commitment to the success of the project.