Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure
Multi-channel emergency notifications to alert affected residents and visitors in nearby and downstream areas
SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Inc. (NASDAQ: GNSS), a global leader in , today announced the signing of a definitive agreement with the Puerto Rico Electric Power Authority (PREPA) to implement Genasys’ Emergency Warning System (EWS) across 37 dams, safeguarding hundreds of thousands of residents and visitors from potential flood threats. The project, fully funded by the U.S. Federal Emergency Management Agency (FEMA), underscores Genasys' commitment to enhancing public safety through advanced technology. For its portion, Genasys expects to recognize approximately $75 million in revenue over the term of the project. Earlier today, Genasys’ CEO, Richard Danforth, was joined by PREPA Executive Director Josue Colon Ortiz at a formal signing ceremony in Puerto Rico.
The system designed by Genasys will consist of multiple sensors collecting and transmitting data including reservoir level, spillway flows, real time video feed of specific dam locations, outlet and drainage flow rates, local weather, and seismic activity. Leveraging the Genasys ProtectTM software platform, 37 Puerto Rican dams will be equipped with sensors, predictive analytics, , and Genasys ALERT. The Genasys Protect software will seamlessly aggregate the sensor data, apply predictive analytics and display real-time assessments for Emergency Managers in seven newly constructed Emergency Operation Centers (EOCs) to continuously monitor. In the event of a potential emergency, the same software enables a coordinated, multi-channel emergency notification to residents and visitors who may be affected in surrounding and downstream areas.
“This contract is a direct result of the commitment Genasys has made over the past 3 years to develop a complete software-driven emergency communication system” said Genasys CEO Richard Danforth. “Genasys has been on the ground in Puerto Rico since 2017 working with the Puerto Rico Emergency Agency (PREMA), FEMA, PREPA, and the government to demonstrate and implement the communications infrastructure needed for widespread emergency response. We look forward to continuing our commitment to the people of Puerto Rico by implementing this critical service.”
“Completing this agreement allows the installation of critical infrastructure to begin. Utilizing advanced sensors and software, the Genasys Emergency Warning System will enable Emergency Managers to rapidly communicate with residents and visitors that may be in harm’s way in advance of potential structural failures. This project is another illustration of the commitment PREPA has to improving Puerto Rico and ensuring the safety of those on our island.” said Josue Colon Ortiz, Executive Director of PREPA.
Genasys LRAD and ACOUSTICS systems have been utilized for decades to protect critical infrastructure throughout the U.S. and around the globe. From the Hoover Dam to nuclear facilities in the US to oil platforms around the globe, Genasys has been a trusted source of protection to nearly every form of critical infrastructure. The recent U.S. federal allocation of $185 million for dam rehabilitation is a prime example of the near constant demand for infrastructure maintenance, improvement, and protection.
About Genasys, Inc.
Genasys Inc. (NASDAQ: GNSS) is the global leader in Protective Communications, Incorporating the most comprehensive portfolio of preparedness, response, and analytics software and systems, as well as the Company’s Long Range Acoustic Devices (LRAD®), the Genasys Protect platform is designed around one premise: ensuring organizations and public safety agencies are “Ready when it matters™.” Protecting people and saving lives for over 40 years, Genasys covers more than 70 million people in over 100 countries worldwide, including more than 550 U.S. cities. For more information, visit .
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Investor Relations Contact Brian Alger, CFA SVP, IR and Corporate Development (858) 676-0582
