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Investing.com -- Genasys Inc. (NASDAQ:GNSS) stock rose 4.5% after the protective communications company announced a $2.0 million order from the U.S. Navy for LRAD maritime systems.
The follow-on order involves the Navy’s ongoing replacement of first-generation LRADs with new LRAD 1000Xi extended range communication and ship protection systems. Genasys plans to deliver the systems within the current fiscal year.
"The LRAD 1000Xi systems are slated for deployment on Navy surface combatants, large amphibious ships, and aircraft carriers," said Richard Danforth, Chief Executive Officer of Genasys. He added that LRADs have enhanced Navy ships’ communication capabilities and self-defense for more than two decades.
The LRAD 1000Xi features rugged military construction designed for reliable operation in extreme maritime conditions. The system can broadcast audible communications up to 3,000 meters, providing naval personnel additional time and distance to assess situations and respond appropriately.
According to the company, the U.S. Military and more than 30 international Navies and Coast Guards currently deploy LRAD systems for various operations including ship-to-ship communication, establishing vessel exclusion zones, interceptions, search and rescue, and port security.
Genasys describes itself as the global leader in Protective Communications technology.
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