Genasys Inc Stock Price, News & Analysis

Genasys Inc. (NASDAQ: GNSS) announced $3 million in LRAD systems orders aimed at enhancing public safety and security in the U.S. and Africa. The demand for these systems is driven by increased border and homeland security threats. Additionally, Mansour Karam has been appointed Director of Business Development for Northern and Sub-Saharan Africa to address regional needs. Karam, fluent in Arabic, French, and English, has extensive experience in boosting distribution networks and securing major deals in his previous roles.

Genasys Inc. (NASDAQ: GNSS) announced $1.0 million in international orders for its LRAD 1000Xi systems, aimed at enhancing security for offshore oil platforms in Nigeria and wildlife preservation in Canada. These systems will aid in warning away potential threats and reduce wildlife fatalities in hazardous areas. CEO Richard S. Danforth highlighted the effectiveness of LRAD's communication capabilities, which can broadcast messages up to 5,000 meters. The technology is widely utilized across various sectors globally, ensuring safety in critical situations.

Genasys Inc. (NASDAQ: GNSS) has announced the deployment of its Zonehaven emergency evacuation software in Alameda County, California, covering 1.7 million residents with 1,076 evacuation zones. This is part of a multi-year contract aimed at enhancing emergency response capabilities. The Zonehaven platform provides real-time data for planning evacuations during severe fire seasons and other disasters. Genasys serves over 200 cities and numerous public safety agencies, underscoring its commitment to improving public safety through technology.

Genasys Inc. (NASDAQ: GNSS) secured a $9.7 million follow-on order from the U.S. Army for the LRAD 450XL under the Acoustic Hailing Device program. This is the third order in fiscal 2021, aimed at enhancing military communication and security operations. The LRAD 450XL is lightweight and adaptable for various platforms, ensuring critical long-range communication capabilities. Genasys continues to solidify its role as a leader in critical communications systems, providing solutions for defense and law enforcement globally.

Genasys Inc. (NASDAQ: GNSS) announced the Southern Marin Fire Protection District ordered Integrated Mass Notification Systems (IMNS) for five locations in Marin County, CA, enhancing emergency response capabilities against wildfires. The IMNS, already effective in Mill Valley since 2019, includes solar power and battery backup. The emergency systems will be managed with Genasys Emergency Management software. Additionally, the Marin Wildfire Prevention Authority procured Zonehaven for evacuation planning, strengthening public safety resources during crises.

Genasys Inc. (NASDAQ: GNSS) has acquired Zonehaven, a SaaS provider specializing in emergency evacuation planning. The acquisition, finalized on June 7, 2021, enhances Genasys' GEM platform by integrating Zonehaven's innovative solutions, which are used by numerous public safety agencies across California and Oregon for managing evacuations. This move is aimed at improving emergency preparedness amid increasing crises like wildfires and severe weather. Genasys expects this acquisition to boost its competitive edge and recurring revenue growth.

Genasys Inc. (NASDAQ: GNSS) has received a follow-on order from the U.S. Army worth $9.0 million for its 360XT Mobile Mass Notification Systems (MMNS), marking the largest order for mass notification systems to date. This order is a result of collaboration with the Army over the past four years and is expected to enhance communication capabilities for military operations. The 360XT systems will provide emergency alerts on forward operating bases, featuring high Speech Intelligibility Index ratings and a robust design for enduring field conditions.

Genasys Inc. (NASDAQ: GNSS) announced a multi-year renewal of software support from the Iowa City VA, enhancing its GEM Emergency Management system with TRM certification to operate on VA networks. This upgrade includes advanced alert systems that integrate fire, access control, and emergency response technologies. The GEM system provides comprehensive notification channels, ensuring safety and redundancy for staff during critical events, marking a significant advancement in public safety communications.

Genasys Inc. successfully integrated its National Emergency Warning System (NEWS) Cell Broadcast Center (CBC) with the University of Málaga's 4G and 5G core network. This collaboration involved rigorous testing of the CBC in various demanding environments, ensuring reliable message generation, sending, and reception across multiple mobile phone models. Genasys' systems are now operational in 72 countries, providing critical communication solutions for public safety and emergency management.