Workflow
Genasys (GNSS)
icon
Search documents
Coda Octopus Group Announces that it has recently received an order for fifteen of its new generation F280® GNSS Aided Inertial Navigation Systems (“GNSS Aided INS”) for Contract Value of $576,000
GlobeNewswire News Room· 2024-11-12 12:00
Core Viewpoint - Coda Octopus Group, Inc. has received an order for fifteen F280® GNSS Aided INS systems valued at approximately $576,000 for a foreign Navy Program, indicating strong demand for its advanced marine technology products [1][2]. Company Overview - Coda Octopus Group, Inc. is a leading supplier in the underwater/subsea market, providing a range of hardware and software solutions, including proprietary real-time 4D/5D/6D imaging sonars and diving technology [3]. - The company was founded in 1994 and has established itself as a key player in underwater imaging and diving technology, with applications in various sectors including defense and commercial markets [3]. Product Details - The F280 Series® GNSS Aided INS systems are designed to deliver high accuracy in positioning and motion data, crucial for marine surveying and measurement [2]. - The F180 Series®, the predecessor to the F280 Series®, historically contributed up to 10% of the Products Business annual revenue, showcasing the legacy and reliability of the company's motion products [2]. - The recently launched Diver Augmented Vision Display (DAVD) system integrates sonar technology, enhancing diving operations by providing critical information in zero visibility conditions [4]. Business Model - Coda Octopus Group includes two defense engineering businesses, Coda Octopus Martech Ltd and Coda Octopus Colmek, which supply sub-assemblies for mission-critical programs, allowing for potential repeat orders throughout the program's lifecycle [5].
Maui Emergency Management Agency Awards Genasys Multi-Year Contract for Emergency Alert and AI-Powered Traffic Management Solutions
GlobeNewswire News Room· 2024-11-01 10:00
Core Viewpoint - Genasys Inc. has been awarded a four-year contract by the Maui Emergency Management Agency (MEMA) to provide advanced emergency management solutions, Genasys EVAC and TRAFFIC AI, aimed at enhancing public safety and disaster preparedness in Maui following recent wildfires [1][2]. Group 1: Contract and Implementation - The contract with MEMA represents a significant advancement in disaster preparedness and emergency management for Maui County [2]. - Deployment of EVAC and TRAFFIC AI is expected to begin in January 2025, following a review by first responder agencies [5]. - The collaboration is set to last for four years, focusing on enhancing the island's emergency management infrastructure [9]. Group 2: Technology and Features - Genasys EVAC is designed to provide real-time information during emergencies, enabling emergency managers to implement optimized evacuation plans and deliver targeted notifications [3][6]. - TRAFFIC AI offers real-time traffic data and analytics, facilitating effective coordination of evacuations [4]. - The Genasys Protect mobile app allows citizens to receive location-based notifications, enhancing situational awareness during emergencies [3]. Group 3: Benefits and Future Plans - The integration of EVAC and TRAFFIC AI is expected to significantly improve public safety by providing timely updates and ensuring effective communication during emergencies [6][7]. - Genasys and MEMA plan to explore additional technological advancements to further enhance emergency management capabilities [9]. - Ongoing support from Genasys will include training and technical assistance to maximize the effectiveness of the systems [10].
Genasys Receives ACOUSTICS Order from Alabama-Coushatta Tribe of Texas
GlobeNewswire News Room· 2024-09-05 12:15
Core Insights - Genasys Inc. has received an order from the Alabama-Coushatta Tribe of Texas for ACOUSTICS systems aimed at enhancing public safety on its reservation [1][2] - The Genasys Protect platform has expanded its coverage to 39 states and secured significant orders from various regions, indicating strong business growth [2] Company Overview - Genasys Inc. is recognized as the global leader in Protective Communications, providing a comprehensive portfolio of preparedness, response, and analytics software and systems [3] - The company has been protecting people and saving lives for over 40 years, covering more than 70 million individuals across over 100 countries [3] Product and Service Details - The ACOUSTICS installations will include features such as satellite connectivity, solar power, and battery backup to ensure reliable emergency communication [2] - Genasys Protect is a full suite of tools for critical infrastructure protection and emergency management, offering integrated hardware and software solutions for real-time alerts and notifications [2]
Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure
Newsfilter· 2024-08-07 20:43
SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), a global leader in Protective Communications, 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 enhancin ...
Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure
GlobeNewswire News Room· 2024-08-07 20:43
SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), a global leader in Protective Communications, 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 enhanci ...
Genasys (GNSS) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-08-06 23:27
Genasys (GNSS) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this developer of directed sound technologies used by the military and police would post a loss of $0.12 per share when it actually produced a loss of $0.16, delivering a surprise of -3 ...
Genasys Inc. Reports Fiscal Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-08-06 20:54
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), the leader in Protective Communications, today announced financial results for the Company's fiscal third quarter ended June 30, 2024. Richard S. Danforth, Chief Executive Officer of Genasys, Inc., commented, "Genasys is making positive progress across each of its end markets. The large, announced projects with PREPA and the US Army provide long-term confidence in our hardware business. The recent improvement in international bookings ...
LRAD Hardware and CONNECT Software Synergies Surging Genasys' Public Safety Sales
Newsfilter· 2024-07-16 11:00
SAN DIEGO, July 16, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ:GNSS), the global leader in Protective Communications, today announced that LRAD and CONNECT synergies are driving demand from law enforcement and public safety agencies as they prepare for the return of students to campuses, tightly contested national elections, and escalating civil unrest. "Civil disturbances pose unique challenges and elevated risks for police officers, communities, infrastructure, and the public," said Richard Danforth, C ...
Genasys Completes Board of Directors Reconstitution
GlobeNewswire News Room· 2024-07-11 21:13
Genasys' Board of Directors now consists of outside directors Rick Osgood (Chairman), Mark Culhane (Audit Committee Chair), Susan Lee Schmeiser (Director), Senator Bill Dodd (Director) and Craig Fugate (Director). Richard Danforth (CEO and Director) is the sole executive director on the Board. After working with Price Waterhouse for 10 years, Mark Culhane served as the Chief Financial Officer (CFO) of numerous public and private companies, including Teradata Corporation, Lithium Technologies, DemandTec, iMa ...
Genasys Completes Board of Directors Reconstitution
Newsfilter· 2024-07-11 21:13
Core Viewpoint - Genasys Inc. has restructured its Board of Directors by appointing Mark Culhane as the new Audit Committee Chair, enhancing its governance with experienced independent directors to support the company's growth strategy [1][5]. Board Composition - The current Board consists of five independent directors and the CEO, Richard Danforth, with Mark Culhane taking over the Audit Committee Chair position [1][3]. - Caltha Seymour has resigned from her position on the Board [1]. Mark Culhane's Background - Mark Culhane has over 30 years of executive finance experience, having served as CFO for various public and private companies, including Teradata Corporation and SciClone Pharmaceuticals [2]. - He has extensive board experience, including roles as Audit Committee Chair for CallidusCloud and UserZoom [2]. Board Members' Expertise - Each Board member brings unique expertise: - Rick Osgood has experience as a co-founder and CEO of investment banks [4]. - Craig Fugate's background with FEMA and the Florida Department of Emergency Management is expected to enhance engagement with State, Local, and Education (SLED) customers [4]. - Susan Lee Schmeiser's digital marketing experience aids in the company's strategic positioning [4]. - Mark Culhane's financial expertise is anticipated to improve the company's financial processes as it grows [4]. Growth Strategy - Genasys is entering a new growth phase driven by increasing software sales, which will support further growth in its hardware business [5]. - The restructured Board aims to provide effective guidance to maximize shareholder value and leverage the company's recent changes [5]. Company Overview - Genasys Inc. is a leader in Protective Communications, offering a comprehensive portfolio of preparedness, response, and analytics software and systems [6]. - The company has been protecting people and saving lives for over 40 years, covering more than 70 million people in over 100 countries [6].