Plans to Enter the Non-Lethal Weapons Market
Lenexa, KS, Dec. 05, 2017 (GLOBE NEWSWIRE) -- 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 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, 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.