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CST: 15/12/2019 17:42:12   

Genasys Inc. Calls on California Legislature and Governor to Fund Public Safety Technology to Alleviate Dangerous Gaps in Emergency Warning Notification Coverage

47 Days ago

Deadly Wildfires and Other Natural Disasters Increasing Hazards to Public Safety

SAN DIEGO, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), a San Diego-based critical communications company, today strongly encouraged California lawmakers and Governor Newsom to move forward with the passage of legislation that could help to fill dangerous gaps in public safety notification technology throughout California.

“California is subject to frequent and severe emergencies, like the tragic fire in Paradise last year and again this month with several wildfires currently burning in the state,” said Richard S. Danforth, Chief Executive Officer, Genasys Inc. “State leaders know that California is highly susceptible to many types of disasters, including fires, floods, earthquakes and more. Unfortunately, there are large gaps and inconsistencies in the aging siren warning systems in many areas in the state.”

According to Core Logic's 2019 Wildfire Risk Report, nine of the 15 metropolitan areas most at risk for wildfires are in California, with Los Angeles, Riverside, San Diego and Sacramento at the top of the list. Streetlight Data’s national analysis shows California has 14 of the 100 most evacuation-challenged communities with populations under 40,000.

Even when operational, most of the siren systems installed throughout the state are incapable of providing specific warnings, notifications and instructions about the actions the public should take during an emergency. Advanced technologies that deliver wide area public notification and life safety information are available and should be implemented to help protect people dealing with wildfires and other crisis situations.

Some emergency management officials and elected leaders in California are implementing the latest emergency warning technologies in their cities. Mill Valley in Marin County and Laguna Beach in Orange County have installed advanced public safety notification systems that include voice sirens, mobile mass notifications, satellite connectivity and battery backup. These modern systems deliver real-time voice notifications and siren tones over large areas. Mill Valley’s system cost less than a single fire engine. Click HERE to view a video of Mill Valley’s new emergency warning installations.

Many areas in the state are not financially equipped to self-fund the installation of modern emergency notification systems. In the State Legislature, SB130 seeks to establish a $10 million grant program. The bill includes language noting “fire warning sirens,” though it did not come to fruition in the last legislative session. There’s also a new bond initiative in Sacramento to provide grants to municipalities for emergency warning systems. The draft language refers to “evacuation systems, emergency notification systems” and “fire and disaster response communication and infrastructure.” If the initiative is instituted, the California Office of Emergency Services would manage the program and distribute the funds in 2021 - 22.

“California is not alone in regard to this critical issue, as much of the country has similar gaps in public safety notification coverage,” said Richard S. Danforth. “However, given the state’s significant public safety hazards, it’s important for California to take a leadership role in funding modern emergency warning systems to help protect and save lives.”

About Genasys Inc.

Genasys™ is a global provider of critical communications solutions to help keep people safe.  During public safety threats and critical events, the Company’s unified platform of LRAD® systems, Critical Communications as a Service (CCaaS) software and integrated solutions provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after crisis situations.

Genasys critical communication systems are in service in 72 countries around the world in diverse applications, including public safety, national emergency warning systems, mass notification, defense, law enforcement, critical infrastructure protection and many more. For more information, visit genasys.com.

Forward-Looking Statements

Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. 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 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, 2018. LRAD Corporation DBA Genasys Inc. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.


Investor Relations Contacts

Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
ir@LRAD.com

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