Digital Ally Awarded Patent on Its Wirelessly Conducted Electroshock Weapon
December 05 2017 - 7:00AM
Plans to Enter the Non-Lethal Weapons Market
Digital Ally, Inc. (NASDAQ: DGLY) (the "Company"), which develops,
manufactures and markets advanced video surveillance products for
law enforcement, homeland security and commercial applications,
today announced that the U.S. Patent Office next week will be
issuing a patent on the Company’s revolutionary wirelessly
conducted and controlled electroshock weapon. The Company plans to
enter the nonlethal weapon market now that it has protected its
innovation in this market. The Company filed the underlying U.S.
Patent Application for its first electroshock weapon in May 2015.
The U.S. Patent Office will issue on December
12, 2017, U.S. Patent No. 9,841,259 (the '259 Patent) for a
wirelessly conducted electronic weapon system, referred to as a
Non-Lethal Weapon, and typically utilized by law enforcement
personnel to control noncompliant and aggressive subjects. As
designed, the electroshock weapon would fire a wireless direct
contact projectile from a launcher to administer the shock to the
subject. The launcher is controlled by radio frequency. In addition
to reducing the projectile velocity at launch and allowing the
officer to control the shock wirelessly through radio frequency,
the Company's wirelessly controlled electronic weapon is designed
to be compact, easy to carry, and provide improved accuracy. This
weapon combines the advantages of conventional conducted
electroshock weapons (CEWs) and long-range electroshock weapons
without the wires and safety threat limitations the current
technology poses to the subject. The technology embodied in Digital
Ally’s ’259 Patent represents a significant advancement to current
CEW technology, which is many years old.
In the conventional non-lethal weapon market,
there are three types of electroshock weapons. First, there are
direct contact CEWs, such as stun guns and cattle prods, which can
only administer the shock while in contact with the subject and
must be in arm's reach of the subject. Second, there are CEWs that
fire projectiles that administer the shock via thin wires. The
shock from a CEW is limited to the length of the wire and limited
to one charge. Finally, there are long-range CEWs.
"We are excited to bring innovation to the
non-lethal weapons market," said Stan Ross, CEO of Digital Ally,
Inc. "Recognizing the current limitations with electroshock weapon
technology available to law enforcement, we saw potential to grow
our product mix by addressing the estimated $8.5 billion global
non-lethal weapons market and over 8,000 agencies currently
deploying our digital video imaging and storage technology,"
continued Ross. “With the innovation embodied in the new ‘259
Patent, we believe that we have addressed the limitations in
current CEWs with our new technology and expect that it will become
the platform for the next generation of CEWs that police have been
long awaiting. We are now proceeding to develop our product
prototype,” concluded Stan Ross.
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, commercial fleets, and consumer use. 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.
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, many 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: to what extent its intellectual property
in the ‘259 Patent will give the Company effective, enforceable
protection in the marketplace; whether the Company will be able to
develop a prototype for the new technology that can be mass
produced in a commercial, cost effective manner; the Company’s
ability to deliver the product as scheduled and have it perform as
planned or advertised; whether there will be a commercial market
for such product at the point it is ready to be sold;
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, 2016 and quarterly report on Form 10-Q for the three
and nine months ended September 30, 2017, as filed with the
Securities and Exchange Commission.
Contact Information
Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc
913-814-7774
info@digitalallyinc.com
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