Taser Receives Two Large Contracts
TASER International, (NASDAQ: TASR), today announced two significant TASER(R) X2(TM electronic control device (ECD) orders using the new TASER Protecti Plan for a total of 1035 X2s sold. The Pima County Sheriff's Department (AZ) purchased 600 X2 ECDs while another agency purchase 435 X2 units. Sheriff Clarence W. Dupnik announced that prior to purchasing the TASER X2 ECDs, the Pima County Sheriff's Department completed a thorough test and evaluation of the newer X2 model. This upgrade is the third generation of TASER ECDs for Pima County replacing the aging TASER X26 ECDs as they were one of the very first agencies to purchase the X26s when they debuted in 2003. The new X2 allows for more accuracy, dual shot and warning arc capabilities, and is more rugged and durable in its design. The X2 is the latest piece of equipment provided to deputies and weapons qualified corrections officers in Pima County. "The TASER Protection Plan (TPP) is working well and allowing these agencies to go full deployment, with protection over the program's service life, while making five low annual payments," said Dan Behrendt, Chief Financial Officer of TASER International. "The TPP reinforces TASER's commitment to helping agencies upgrade outdated technology while staying within limited capital budgets. The customers can reduce the upfront cost to upgrade their technology and have a predictable payment plan that spreads the expense over time." The Pima County order was received and expected to ship in the third quarter of 2012 while the other order was received and expected to ship in the fourth quarter 2012.
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