Digital Ally Receives Significant Order for its New Safety Product ThermoVu™
July 20 2020 - 8:00AM
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 order of 500 units of its
non-contact temperature-screening instrument ThermoVu™ from Trust
Think Products, a domestic distributor of Digital Ally. This order
comes in response to the ongoing pandemic and the recommendations
put forth by the CDC and other health organization to increase
Covid-19 safety efforts in schools, offices, and other public
venues. The order is expected to be shipped in the third quarter
2020.
ThermoVu™ is a non-contact temperature-screening
instrument that measures temperature through the wrist and controls
entry to facilities when temperature measurements exceed
pre-determined parameters. ThermoVu™ has optional features, such as
facial recognition, to improve facility security by restricting
access based on temperature and/or facial recognition
reasons. ThermoVu™ provides an instant pass/fail audible tone
with its temperature display and controls access to facilities
based on such results. It can be widely applied in schools, office
buildings, subway stations, airports and other public venues.
“We applied our years of experience with
the latest cutting-edge sensor technology, real-time embedded
electronics, and video AI analytics in developing the
ThermoVu™ technology as the most powerful combination of fast,
accurate, reliable and user friendly,” said Stan Ross, CEO of
Digital Ally, adding, “There is already overwhelming demand for
this product as we all work together to create a safer environment
for everyone in response to this unprecedented challenge.”
“We are proud to be a part of ensuring that
people are safe, whether in schools, hospitals, manufacturing
facilities, restaurants or other public venues, said Joe Bisogno,
CEO of Trust Think Products, adding, “We believe this opening order
for 500 ThermoVu’s™ indicates the traction the ThermoVu™ product is
gaining in the market place and we are excited to partner with
Digital Ally to get ThermoVu™ to the people that need this safety
technology the most right now.”
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 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. In
addition, Digital Ally recently launched two new product lines
including a non-contact thermometer/controlled-entry device under
the Company’s ThermoVu™ brand and an EPA Category IV
disinfectant/sanitizer under the Company’s Shield™ brand.
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.
social media channels here:
Facebook I Instagram I LinkedIn I Twitter
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: whether Trust Think
Products will complete the purchase and distribution of the
ThermoVu™ units under this purchase order 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 Shield™ and ThermoVu™ product
lines to its customers; whether the Company can acquire
Shield™ and ThermoVu™ products in the quantities and on a
timely basis to fulfill its customers’ orders; whether the Company
will be able to distribute the Shield™ and
ThermoVu™ products in a cost-effective, profitable manner;
whether Shield™ products will be proven effective against the
Covid-19 virus as claimed by its manufacturer; whether the
ThermoVu™ product will perform as anticipated; 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.
Digital Ally (NASDAQ:DGLY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Digital Ally (NASDAQ:DGLY)
Historical Stock Chart
From Apr 2023 to Apr 2024