Genasys Bagged Critical Infrastructure Project to Engineer, Procure and Build Emergency Warning System for 37 Dams Across the Island of Puerto Rico, Expects to Recognize $60M-$70M in Revenue

Author: Benzinga Newsdesk | February 12, 2024 08:07am

Genasys Inc. (NASDAQ:GNSS), the global leader in protective communications systems and solutions, today announced that it has been selected to engineer, procure and build an Emergency Warning System (EWS) for the hundreds of thousands of residents and visitors living downstream of 37 dams in Puerto Rico. The competitive award made by the Puerto Rico Electric Power Authority (PREPA) is fully funded by $94.3 million from the U.S. Federal Emergency Management Agency (FEMA). Genasys expects to recognize $60 million to $70 million in revenue over the term of the project. The Genasys ProtectTM platform enables early detection and communication of potential flood threats via sensors, predictive analytics, and the Genasys Protect software and ACOUSTICS offerings. 

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