Genasys Inc. Acquires Emergency Evacuation SaaS Supplier,

0
28

Transformative evacuation planning capabilities and public safety resources have been added to the Genasys Emergency Management (GEM) platform

Company plans to hold a conference call on June 10, 2021 at 9:00 a.m. ET to discuss the acquisition of Zonehaven

SAN DIEGO, June 9, 2021 (GLOBE NEWSWIRE) – Genasys Inc. (NASDAQ: GNSS), the world’s leading provider of critical communications systems and solutions, today announced the acquisition of Zonehaven, a fast-growing provider of software-as- a-service (SaaS) solutions for emergency evacuations. Zonehaven provides first responders, public safety agencies, and communities with planning, training, and resources to successfully manage evacuations and resettlement. The transaction closed on June 7, 2021.

More than 170 fire departments, 140 law enforcement agencies, and 200 cities with more than 3,300 evacuation zones serving 3.2 million people in Northern California and Southern Oregon trust the services of Zonehaven, based in San Francisco, California.

“Increasing forest fires, floods, storms, active shooters, HAZMAT and other crisis events require proven solutions to get people out of danger quickly,” said Richard S. Danforth, chief executive officer of Genasys Inc. “We recently visited California and other parts of the world of the world, crisis events require preparation, real-time intelligence and dynamic resources to keep people safe. Zonehaven’s solutions help save lives by providing authorities and communities with essential tools to safely conduct timely emergency evacuation and orderly resettlement. “

“When it comes to evacuations, speed is everything. Pre-planning, training, drills, alerting and our extensive community outreach program are core competencies at Zonehaven that are bridging the gap between first responders and the public and transforming disaster risk management, “said Charlie Crocker, Zonehaven’s chief executive officer. “We are excited to be part of the Genasys team and to work together on a safer world.”

“As stand-alone modules or integrated into our GEM platform, Zonehaven’s evacuation planning functions and public safety resources are groundbreaking for emergency preparedness,” continued Danforth. “The acquisition of Zonehaven increases Genasys’ critical competitive advantage in delivering local, regional and national emergency management and warning SaaS solutions and accelerates recurring revenue growth.”

Webcast and conference call details

Genasys management will host a conference call on Thursday, June 10th at 9:00 am Eastern Time / 6:00 am Pacific Time to discuss the acquisition of Zonehaven. To access the conference call, call toll free (888) 390-3967 (US and Canada) or internationally at (862) 298-0702. A webcast will also be available at the following link:

https://www.webcaster4.com/Webcast/Page/1375/41701

A replay of the webcast will be available approximately four hours after the presentation on the Events & Presentations page of the company’s website.

For more information on Zonehaven, visit: zonehaven.com.

About Genasys Inc.

Genasys ™ is a global provider of critical communication systems and solutions that help keep people safe. Genasys takes a multi-channel approach to deliver geographic alerts, notifications, instructions, and information before, during, and after threats to public safety and critical business events. The company’s unified critical communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), LRAD® long-range voice transmission systems, and more.

Genasys systems are used in a number of different applications in more than 100 countries, including public safety, emergency alerting, mass notification, critical event management, defense, law enforcement, homeland security, and other applications. More information is available at www.genasys.com.

Forward-Looking Statements

Except for the historical information contained herein, matters discussed constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place any reliance on such statements. We base these statements on certain assumptions that we make in light of our industry experience, the state of product and market developments, and our perceptions of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances are. These statements involve risks and uncertainties that could cause actual results to differ materially from those proposed in the forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including our ability to determine the anticipated synergies and other benefits of the Zonehaven acquisition; Difficulties integrating Zonehaven after closure; Redirected administrative time to address post-close transaction-related issues; Uncertainties related to litigation related to the acquisition of Zonehaven; Uncertainties related to unexpected integration costs or undisclosed liabilities assumed; Uncertainties related to third party acceptance of the Zonehaven acquisition and its products; and other risks and uncertainties, many of which involve factors or circumstances beyond the control of the company. 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 expectations of management as of the date of this publication. Future results could differ materially from our current expectations. Please refer to the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2020 for more information about other potential risks and uncertainties. Genasys Inc. disclaims any intention or obligation to update these forward-looking statements. unless expressly stated otherwise.