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Genasys Inc. Signs Agreement to Deploy Emergency Warning System Across Puerto Rico's Dam Infrastructure
Multi-channel emergency notifications to alert affected residents and visitors in nearby and downstream areas SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) --
About this update from Genasys Inc.
[{"type":"text","content":"Multi-channel emergency notifications to alert affected residents and visitors in nearby and downstream areas\nSAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Genasys Inc. (NASDAQ: GNSS), a global leader in Protective Communications, today announced the signing of a definitive agreement with the Puerto Rico Electric Power Authority (PREPA) to implement Genasys’ Emergency Warning System (EWS) across 37 dams, safeguarding hundreds of thousands of residents and visitors from potential flood threats. The project, fully funded by the U.S. Federal Emergency Management Agency (FEMA), underscores Genasys' commitment to enhancing public safety through advanced technology. For its portion, Genasys expects to recognize approximately $75 million in revenue over the term of the project. Earlier today, Genasys’ CEO, Richard Danforth, was joined by PREPA Executive Director Josue Colon Ortiz at a formal signing ceremony in Puerto Rico. The system designed by Genasys will consist of multiple sensors collecting and transmitting data including reservoir level, spillway flows, real time video feed of specific dam locations, outlet and drainage flow rates, local weather, and seismic activity. Leveraging the Genasys ProtectTM software platform, 37 Puerto Rican dams will be equipped with sensors, predictive analytics, Genasys ACOUSTICS, and Genasys ALERT. The Genasys Protect software will seamlessly aggregate the sensor data, apply predictive analytics and display real-time assessments for Emergency Managers in seven newly constructed Emergency Operation Centers (EOCs) to continuously monitor. In the event of a potential emergency, the same software enables a coordinated, multi-channel emergency notification to residents and visitors who may be affected in surrounding and downstream areas. “This contract is a direct result of the commitment Genasys has made over the past 3 years to develop a complete software-driven emergency communication system” said Genasys CEO Richard Danforth. “Genasys has been on the ground in Puerto Rico since 2017 working with the Puerto Rico Emergency Agency (PREMA), FEMA, PREPA, and the government to demonstrate and implement the communications infrastructure needed for widespread emergency response. We look forward to continuing our commitment to the people of Puerto Rico by implementing this critical service.” “Completing thi...