Genasys Announces $3.35M Renewal Agreement for Indian Navy LRAD Systems Maintenance
Genasys Inc. (GNSS)
Last genasys inc. earnings: 2/10 04:05 pm
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Source: Business Wire
International LRAD Orders Bolstering Company’s Record Business Pipeline SAN DIEGO--(BUSINESS WIRE)--Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, today announced a three-year, $3.35 million follow-on maintenance agreement for LRAD systems deployed by the Indian Navy. This is the third agreement under which the Indian Navy’s LRADs are serviced through Genasys at in-country maintenance centers.“Since 2010, we have received $13.8 million in LRAD maintenance agreements for India’s Navy,” said Richard Danforth, Chief Executive Officer of Genasys. “International LRAD business continues to rebound as is evidenced with this agreement as well as the EU, Middle East, APAC, and West Africa orders announced earlier this calendar year. LRAD deployments are increasing around the world in defense, law enforcement, critical infrastructure protection, and maritime, border, and homeland security applications.”Chris Roller, Genasys Vice President of APAC Business Develo
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