Genasys Inc (GNSS) announced it had secured a contract with the Spanish Ministry of the Interior for four years. The company will supply alert systems for mobile devices to the department. GNSS Stock rose as a result of the news.
GNSS Stock performance over the past year has been positive. Over the past year, GNSS’s performance has surged by 118.71%, while the stock has gone up by 57.05% in the last six months. GNSS has achieved a quarterly performance rate of 9.19%, and it has experienced a -3.39% decline in the last month. At the moment, the performance weekly is -5.06%.
It is important to note that Spain chose the Genasys solution even though it did not sign the EECC directive, which protects telecommunications networks and services. Genasys demonstrated several significant advantages in their developments. Genasys itself advocates their development as the most reliable, fastest method for sending multiple messages with high frequency and accurate addressing at once.
Genasys Inc (GNSS) will oversee the installation of public notification systems for emergencies in Spain. With Genasys NEWS, you can send messages directly to the smartphones of users based on their location. In this case, the logical conclusion is that it mattered not how the smartphone interacted with networks and whether it was connected to the Internet. You can send messages to different groups of people or even to individuals depending on certain criteria.
Government departments responsible for public safety use Genasys NEWS; it is a popular product of the company. Furthermore, Genasys Inc (GNSS) manufactures non-lethal weapons, sound chins, and loudspeakers to provide public announcements in train stations, stadiums, and other public places. Genasys was previously known as LRAD Corporation and traded under the ticker LRAD.