Vietnam Ministry of Defense Expands Genasys Contract for Naval Frigates
Leading Protective Communications Company Receives $1.9 Million Order from Vietnam
SAN DIEGO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: GNSS), the global leader in protective communications solutions, today announced a new, $1.9 million LRAD-500X-RE and 1000XI order from the Vietnam Military of Defense (MOD). The new multi-year program will add Genasys long-range acoustic hailing devices (LRADs) to the country’s Naval frigates. This latest order brings the Vietnam MOD’s total investment in Genasys LRAD solutions since 2019 to $4.8 million USD.
“Since 2019, we’ve partnered with the Vietnam MOD, delivering top-of-the-line LRAD solutions to their Navy, Coast Guard, Army, and Border Guard. ” said David Schnell, VP of Global Business Development for Genasys Inc. “Given the current geo-political tensions in the Asia-Pacific region, the addition of LRADs to Vietnam’s frigates will add significant capabilities to the vessels including ship self defense and the ability to de-escalate potentially dangerous situations before they expand.”
The and are state-of-the-art, manually operated AHDs that provide non-kinetic, scalable escalation of force capabilities and clear, long range communications to distances of 2,000 and 3,000 meters respectively. Since 2005, twenty six international Navies and Coast Guards have followed the US Navy’s lead by adding LRADs to their surface fleets. This most recent LRAD order from Vietnam further demonstrates the world’s militaries’ commitment to Genasys’ technologies.
Genasys LRAD systems are deployed in more than 100 countries and 500 U.S cities in diverse applications, including public safety, law enforcement, defense, border and homeland security, critical infrastructure protection, fire rescue, emergency management, maritime and port security, and wildlife control and preservation.
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 intelligible 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 .
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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. 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 business impact of epidemics or pandemics, geopolitical conflict, and other events 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, 2022. Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.
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Investor Relations Contact Brian Alger, CFA SVP, IR and Corporate Development (858) 676-0582 Media Contact: Anya Nelson Scratch Marketing + Media for Genasys Inc.
