zTrip Places New Order for Digital Ally’s DVM-250, Asset Tracking Unit and FleetVu Manager
January 22 2020 - 8:30AM
Digital Ally, Inc. (NASDAQ: DGLY) (the “Company”), which develops,
manufactures and markets advanced video recording products for law
enforcement, emergency management, fleet safety and security, today
announced a new order from zTrip, Inc. (“zTrip”) for the Company’s
DVM-250 in-car video event recorder, new asset tracking unit (ATU),
and video management platform, FleetVu Manager. zTrip will outfit
its newest acquisition in Indianapolis, IN, with 100 of the
Company’s in-car video event recorders and 100 ATUs. This order
demonstrates zTrip’s continued initiative for enhanced passenger
and driver safety.
zTrip’s Indianapolis location will become the
second zTrip fleet to implement the Company’s new ATU, joining the
Kansas City fleet. The ATU is crucial for capturing data that will
improve driver behavior as well as increasing the overall
efficiency of the fleet. Integrated with a mobile hotspot, the ATU
will report data such as GPS location, fuel consumption, and other
trackable data for fleet managers. The deployment of the DVM-250,
integrated with Digital Ally’s new ATU and the FleetVu Manager
software, will generate recurring service revenues in addition to
the upfront hardware sale.
Stan Ross, CEO of Digital Ally, stated “We are
excited to continue to grow our relationship with zTrip and
implement our products for its newest fleet of vehicles. We are
especially excited to deploy our new asset tracking unit in Kansas
City and Indianapolis,” continued Mr. Ross. “This device, paired
with our back-end software, will generate valuable data, giving a
more detailed view into each vehicle and the fleet as a whole,”
concluded Mr. Ross.
About Digital Ally
Digital Ally®, headquartered in Lenexa, KS,
specializes in the design and manufacturing of the highest quality
video recording equipment and video analytic software. Digital Ally
pushes the boundaries of technology in industries such as law
enforcement, emergency management, fleet safety and security.
Digital Ally’s complete product solutions include in-car and body
cameras, cloud and local management software, and automatic
recording technology. These products work seamlessly together and
are simple to install and operate. Digital Ally products are sold
by domestic direct sales representatives and international
distributors worldwide.
For additional news and information please visit
www.digitalallyinc.com or follow additional Digital Ally Inc.
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Contact InformationStanton
Ross, CEOTom Heckman, CFODigital Ally,
Inc913-814-7774info@digitalallyinc.com
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Act of 1934. These
forward-looking statements are based largely on the expectations or
forecasts of future events, can be affected by inaccurate
assumptions, and are subject to various business risks and known
and unknown uncertainties, a number of which are beyond the control
of management. Therefore, actual results could differ materially
from the forward-looking statements contained in this press
release. A wide variety of factors that may cause actual results to
differ from the forward-looking statements include, but are not
limited to, the following: the extent and timing of the continued
expansion of the zTrip relationship with the Company; the Company’s
ability to continue to grow its recurring service revenues;
competition from larger, more established companies with far
greater economic and human resources; its ability to attract and
retain customers and quality employees; the effect of changing
economic conditions; and changes in government regulations, tax
rates and similar matters. These cautionary statements should not
be construed as exhaustive or as any admission as to the adequacy
of the Company’s disclosures. The Company cannot predict or
determine after the fact what factors would cause actual results to
differ materially from those indicated by the forward-looking
statements or other statements. The reader should consider
statements that include the words “believes”, “expects”,
“anticipates”, “intends”, “estimates”, “plans”, “projects”,
“should”, or other expressions that are predictions of or indicate
future events or trends, to be uncertain and forward-looking. The
Company does not undertake to publicly update or revise
forward-looking statements, whether because of new information,
future events or otherwise. Additional information respecting
factors that could materially affect the Company and its operations
are contained in its annual report on Form 10-K for the year ended
December 31, 2018 and in its quarterly report on Form 10-Q for the
three and nine months ended September 30, 2019.
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