Digital Ally Announces Subscription Program to Enable Law Enforcement Departments to Purchase Body Cameras
June 08 2020 - 9:03AM
Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and
markets advanced video recording products and other critical safety
products for law enforcement, emergency management, fleet safety
and security, today announced the launch of a body camera
subscription program as a response to high demand for video
evidence technology for police and other first responder personnel.
The program features Digital Ally’s lightweight,
weather-resistant FirstVu Body Camera with Mini Dock. There will be
several subscription packages available, with versatility to match
a department’s unique needs for additional products and services,
including VuLinkâ auto activation technology.
“Current events are bringing widespread
attention to the importance of body cameras,” said Stan Ross, CEO
of Digital Ally, adding, “And while body cameras and in-car video
systems have become more common in the last decade since the
Ferguson unrest, there are still hundreds, if not thousands, of
departments that don’t have this critical technology.”
The company has determined that many departments
do not have adequate funding for video evidence technology. The new
subscription program will not only provide an opportunity to pay
off the units over time, but in many cases, will offer packages
that require no down payment. “We’re thrilled to be in the strong
financial position necessary to be able to offer this program,”
said Ross, concluding, “Body cameras are critically important to
the safety and security of all concerned and we can’t let
restricted funding get in the way of outfitting law enforcement,
military and first responders with this technology.”
About Digital AllyDigital
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 vehicle and body cameras, flexible
software storage, automatic recording technology and various
critical safety products. 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,
Inc.913-814-7774info@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: whether the Company will be able to
improve its revenue and operating results, especially in light of
the adverse effects of the Covid-19 pandemic on its customers,
suppliers and employees; whether the Company will effectively
manage the disruptions to its supply chain and business
activities caused by the Covid-19 pandemic; whether the
Company will be able to effectively market and distribute the
subscription agreement for the Company’s body camera, in-car video
and Vulink product lines to its customers; whether the Company can
maintain the working capital levels necessary to fund the upfront
costs related to the subscription programs, whether law enforcement
agencies will have adequate budgets and financial resources to
acquire the Company’s products under the subscription program;
whether the Company’s new products will meet applicable government
regulations as promulgated; whether the Company will be able to
adapt its technology and products to new and different uses,
including being able to introduce new products; 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
and whether the Company will be successful in its patent
infringement litigation with Axon Enterprises, Inc. 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 as a result 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, 2019, and its Quarterly Report on Form 10-Q
for the three months ended March 31, 2020 as filed with the
Securities and Exchange Commission.
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