SAN DIEGO, Sept. 24, 2020 (GLOBE NEWSWIRE) — Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced competitively awarded contracts from the University of California, Irvine, the North Coast Water District in Pacifica, CA and the City of Newport Beach, CA for Genasys Emergency Management (GEM) software services.
“Government and enterprise interest in our GEM platform is growing and we are experiencing increasing sales activity from this expanding business pipeline,” said Richard S. Danforth, Chief Executive Officer, Genasys Inc. “GEM empowers organizations and businesses to quickly communicate to individuals or large populations in real time through multiple channels, including location-based SMS, cell broadcast, mobile push notifications, voice calls, email, social media, desktop alerts and more. By unifying multiple software channels and utilizing custom map layers, GEM delivers alerts and notifications to students, staff, customers, employees, residents and visitors during emergency situations.“GEM’s user friendly app makes it easy to opt in and select channel alert and notification preferences,” Mr. Danforth continued. “Cost effective, reliable and efficient, GEM enables administrators and emergency managers to simultaneously send critical communications through multiple channels with a single click.”In addition to activating any Common Alert Protocol (CAP) compliant device, including TV, radio and digital displays, GEM sends Wireless Emergency Alert (WEA) and Emergency Alert System (EAS) notifications through the Federal Emergency Management Agency’s Integrated Public Alert & Warning System (IPAWS), and integrates with Genasys voice speaker arrays to deliver audible messages with industry-leading vocal clarity and area coverage.About Genasys Inc.Genasys™ is a global provider of critical communications solutions to help keep people safe. Genasys provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after public safety threats and critical business events. The Company’s unified critical communications platform includes National Emergency Warning System (NEWS), Genasys Emergency Management (GEM), Genasys Workforce Management (GWM), LRAD® systems and more.Genasys systems are in service in 72 countries around the world in diverse applications, including public safety, national emergency warning systems, mass notification, defense, law enforcement, critical infrastructure protection and many more. For more information, visit genasys.com.
Forward-Looking StatementsExcept for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. 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. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation the failure of the proposed Amika Mobile transaction to close on the expected timeline or at all; the effect of the Amika Mobile announcement of the transaction on customer relationships and operating results; the ability to meet all closing conditions to the Amika Mobile transaction; and the business impact of health crises or outbreaks of disease, such as epidemics or pandemics, 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, 2019. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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