VIEVU purchases units of Digital Ally's (NASDAQ: $DGLY) patented VuLink Technology
Lenexa, KS - October 26, 2017 (Investorideas.com Newswire) Digital Ally, Inc. (NASDAQ: DGLY) today announced Safariland's initial order for 200 VuLink® patented automatic recording systems. The VuLink allows VIEVU's body-worn camera to receive wireless triggers from emergency lights, speed thresholds, or even from a Digital Ally in-car video system to automatically activate a recording without requiring officers to manually start the recording. The units will be shipped this quarter.
Upon returning from the International Association of Chiefs of Police 2017 Conference ("IACP"), both companies commented on their thoughts regarding the recent agreement. "The response at IACP was strong, and a clear indication of the industry's anticipation for the solutions this distribution agreement provides," said Sean McCarthy who leads VIEVU and Safariland's wearable technology platform. "With this initial order we are thrilled to collaborate with Digital Ally to provide the law enforcement community with our combined industry-leading innovations of the LE4 and LE5™ body-worn cameras connecting with the VuLink® system."
Last week, Digital Ally announced a supply agreement with Safariland that provides VIEVU the exclusive rights to integrate the VuLink system with their body cameras. "We could feel the industry's excitement surrounding this relationship at IACP. We are confident that is agreement will be advantageous for both companies as we move forward with our exclusive agreement," said Stanton Ross, CEO of Digital Ally. This agreement is good through 2020 as long as minimal purchase requirements are met, and can be extended upon mutual agreement. Digital Ally will also continue to market the VuLink system with its FirstVu HD body camera series and complete line of in-car video systems.
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, 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 adapt its technology 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. 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, 2016 and quarterly report on Form 10-Q for the three and six months ended June 30, 2017, filed with the Securities and Exchange Commission.
Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc
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