SCOTTSDALE, Ariz., Oct. 14, 2008 (GLOBE NEWSWIRE) -- TASER(r) International, Inc. (Nasdaq:TASR), the market leader in advanced electronic control devices, today announced that it has named Yogesh Saini as Vice President, Product Management and Web Services. Mr. Saini will lead the design and product development of the company's new TASER Virtual Systems Division.
Mr. Saini joins TASER International with 12 plus years of internet product design, development and delivery experience. During the past decade he has played a leadership role in building highly innovative product management and web services engineering teams in the United States, Hong Kong and India. Over the course of his career as a "Software as a Service (SaaS)" Executive he has demonstrated exceptional prescience in identifying emerging business markets and building Internet service offerings that take advantage of these opportunities. Mr. Saini is a leader with a reputation for innovation, agility and execution, having distinguished himself as an independent thinker, creative problem-solver, and an executive who acts as a catalyst for moving projects forward with intensity, passion and pragmatism.
Most recently, Mr. Saini was CEO of ZenSutra Software Technologies, an Internet services development firm delivering custom solutions for Fortune 100 and 500 clients. Under Mr. Saini's leadership ZenSutra established a global customer base including early innovators in social networking such as ZeroDegrees Inc., wealth management innovators such as Yodlee, Inc., and technology leader Hewlett Packard Company.
Prior to ZenSutra, Mr. Saini was co-founder and Vice President of Product Management at BlueLine Online, Inc., now CTSPACE Inc., a market leader in secure inter-enterprise project collaboration and one of the early innovators in delivering project supply chain collaboration solutions via SaaS to Fortune 100 multinational customers. During his five year tenure at BlueLine Online, Inc. he also established and was President of the Asia Pacific subsidiary where he was responsible for tailoring the product offering for the entire region (in multiple Asian languages) and securing major business partnerships. Earlier Mr. Saini was Senior Manager and Global Practice Leader for KPMG's Collaborative Solutions Practice where he was responsible for initiating and nurturing major client relationships with Fortune 100 companies. He has also managed multiple, large scale technology development and delivery engagements for clients in the Finance, Healthcare, Insurance, Real Estate and IT industries.
"Yogesh is an exciting new addition to the new TASER Virtual Systems team," commented Jas Dhillon, Chief Strategy Officer for TASER International and General Manager of the TASER Virtual Systems Division. "Together, we are putting together a world-class software development team that will fuse TASER International's best-in-class hardware systems and Neuro Muscular Incapacitation technology with powerful Internet services to create break-through capabilities for our customers."
"Just as our family of TASER electronic control devices have revolutionized the response to resistance by law enforcement agencies around the world, our initiatives at TASER Virtual Systems seek to unlock the power of integrated hardware and software systems that together create next generation services which neither hardware nor software providers alone could achieve," stated Rick Smith, CEO and Founder of TASER International. "Yogesh is joining a world-class team, which is accelerating our capability to build an end-to-end integrated technology platform to support our vision for the next generation of TASER systems," concluded Smith.
About TASER International, Inc.
TASER International's products protect life. TASER provides advanced Electronic Control Devices (ECDs) for use in the law enforcement, medical, military, corrections, professional security, and personal protection markets. TASER devices use proprietary technology to incapacitate dangerous, combative, or high-risk subjects who pose a risk to law enforcement officers, innocent citizens, or themselves in a manner that is generally recognized as a safer alternative to other uses of force. For more information, please call TASER International at (800) 978-2737 or visit our website at www.TASER.com.
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Note to Investors
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. The forward-looking information is based upon current information and expectations regarding TASER International. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
TASER International assumes no obligation to update the information contained in this press release. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) market acceptance of our products; (2) our ability to establish and expand direct and indirect distribution channels; (3) our ability to attract and retain the endorsement of key opinion-leaders in the law enforcement community; (4) the level of product technology and price competition for our products; (5) the degree and rate of growth of the markets in which we compete and the accompanying demand for our products; (6) risks associated with rapid technological change and new product introductions; (7) competition; (8) litigation including lawsuits resulting from alleged product related injuries and death; (9) media publicity concerning allegations of deaths and injuries occurring after use of the TASER device and the negative effect this publicity could have on our sales; (10) TASER device tests and reports; (11) product quality; (12) implementation of manufacturing automation; (13) potential fluctuations in our quarterly operating results; (14) financial and budgetary constraints of prospects and customers; (15) order delays; (16) dependence upon sole and limited source suppliers; (17) negative reports concerning the TASER device; (18) fluctuations in component pricing; (19) government regulations and inquiries; (20) dependence upon key employees and our ability to retain employees; (21) execution and implementation risks of new technology; (22) ramping manufacturing production to meet demand; (23) medical and safety studies; (24) field test results; and (25) other factors detailed in our filings with the Securities and Exchange Commission, including, without limitation, those factors detailed in the Company's Annual Report on Form 10-K and its Form 10-Qs.
The statements made herein are independent statements of TASER International. The inclusion of any third parties does not represent an endorsement of any TASER International products or services by any such third parties.