Genasys

Last updated
Genasys Inc.
Company type Public
Nasdaq:  GNSS
Industry Technology/Manufacturing
Founded1980;44 years ago (1980) in Utah, U.S.
FounderElwood Norris
Headquarters,
U.S.
Area served
Worldwide
Key people
  • Richard S. Danforth (CEO)
  • Dennis Klahn (CFO)
  • Richard H. Osgood III (chairman)
Products
Website genasys.com

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service product suite, the Genasys Protect Platform, that includes ACOUSTICS, ALERT, CONNECT (formerly Evertel), and EVAC (formerly Zonehaven), is used for emergency alerting, notifications, evacuations, secure collaboration, and repopulations. The company was previously named American Technology Corporation (ATC) until 2010 [1] and LRAD Corporation until 2019. [2] The company's stock trades on the NASDAQ Capital Market with the ticker symbol "GNSS". [2]

Contents

History

Genasys was founded in Utah by Elwood "Woody" Norris as the American Technology Corporation in 1980. [3] From 1988 to early 1992 the company was inactive. Norris recapitalized the company as a Delaware Corporation in 1992. [4] In 1996, the company launched its first directed sound technology and began engineering sound solutions for the commercial, government, and military markets. In response to the October 2000 attack on the USS Cole, the company's engineering team developed their long-range acoustic device (LRAD) product line. With the introduction of LRAD systems in 2003, the company created the acoustic hailing device (AHD) market, followed by the introduction of multidirectional mass notifications systems in 2012. The company acquired Genasys, a Madrid, Spain-based software provider of location-based mass messaging solutions for emergency warning and workforce management in January 2018, and subsequently adopted the name Genasys for itself. [2] In 2020, Genasys acquired Amika Mobile, an Ottawa, Canada-based enterprise software provider of critical event situational awareness, communication and control products. It was subsequently renamed Genasys Communications Canada. [5] [6] In a June 2021 acquisition, Genasys added Zonehaven, a California-based company specializing in emergency evacuation software services and resources. [7]

In September 2023, Genasys acquired Evertel Technologies from Word Systems Operations for about $5.8 million. [8]

Products

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References

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  3. "Utah Business Search - Utah.gov". secure.utah.gov.
  4. "EDGAR Filing Documents for 0000936392-96-000513". www.sec.gov.
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  6. "Genasys Inc. Closes Acquisition of Enterprise Software Provider, Amika Mobile". GlobeNewswire.com. Retrieved 2020-10-05.
  7. "Genasys Inc. Acquires Emergency Evacuation SaaS Provider, Zonehaven". GlobeNewswire.com. Retrieved 2021-06-09.
  8. "Genasys To Acquire Evertel Technologies From Word Systems Operations For About $5.8 Mln". Nasdaq.com . September 26, 2023.
  9. "Genasys Selected to Power Public Safety Communication for the State New Hampshire". genasys.com. Retrieved 2023-10-23.
  10. "Genasys Protect now in Shasta County". shastacounty.gov. Retrieved 2023-07-18.
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  12. "Berkeley tests out new emergency sirens". nbcbayarea.com. Retrieved 2023-09-17.
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  14. "American Technology Ships $1.5 Million in LRAD Orders". FreshNews.com. Retrieved 2007-04-06.