Genasys, Inc. Provides Third Update on Puerto Rico Dams Early Warning System Project
Two Groups Completed
Work Continues on Third Group
Multimillion-Dollar Deposit Received for Fourth Group
SAN DIEGO–(BUSINESS WIRE)–Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, today provided updated information regarding the previously announced $75 million contract to provide the Puerto Rico Electric Power Authority (PREPA) with an Emergency Warning System (EWS) to protect residents and visitors downstream of the island’s 37 dams.
Substantial progress has been made on this project that consists of seven groups of dams since the August 2025 update. The first two groups have been completed in line with the EWS project plan and scheduled milestones. PREPA has requested further capabilities for these groups for which Genasys will receive additional compensation.
The third group is the largest and most complex of the project with ten dams and the installation of 50 outdoor speaker arrays and over 100 sensors and cameras. This group is being executed with field activities currently underway. All the hardware and equipment necessary to complete the third group is on the island.
Regarding the fourth group, Richard Danforth, CEO of Genasys, stated, “With our recent receipt of the multimillion-dollar deposit, site surveys and engineering design activities have started and will continue over the next few months.”
Located in the mountainous west-central interior two hours’ drive time from San Juan, the fourth group includes eight dams – Dos Bocas, Caonillas, Guayo, Yahuecas, Vivi, Prieto, Pellejas, and Adjuntas.
“Engagement level remains strong across PREPA and all involved stakeholders,” Mr. Danforth added. “We are on track to execute the next phases, including the final three groups, and expect the project to be completed in 2027 with the majority of the work taking place this year.”
This update has been provided with the intent of informing investors of the progress of this significant contract, though no obligation or commitment to further update progress exists.
About Genasys Inc.
Genasys is the global leader in Protective Communications™, providing the most comprehensive portfolio of preparedness, response, and analytics software and hardware solutions available. The company’s Long Range Acoustic Device® (LRAD®) and Protect Platform, which includes Genasys Protect® and Genasys Evertel®, are designed around one premise: ensuring organizations and public safety agencies are Ready when it matters®. Protecting people and saving lives for over 40 years, Genasys covers more than 155 million people in all 50 states and in over 100 countries worldwide. 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 the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in any forward-looking statement. The risks and uncertainties in these forward-looking statements include without limitation difficulties executing on, receiving timely payment under, regulatory uncertainties surrounding, or disruptions in governmental support or funding of, the Puerto Rico project; the business impact of geopolitical conflicts and other causes that may affect our supply chain, and other risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. 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 potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2025. Genasys Inc. disclaims any intent or obligation to publicly update or revise forward-looking statements, except as otherwise specifically stated.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260113841875/en/
Investor Relations Contact
Scott Liolios and Clay Liolios
Gateway Group, Inc.
949-574-3860
[email protected]
KEYWORDS: Latin America North America United States Puerto Rico Caribbean California
INDUSTRY KEYWORDS: Public Policy/Government Software State/Local Hardware Public Safety Technology Apps/Applications Other Technology
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