Market Overview

TASER Announces Large Shipments Of Axon Body Cameras

Share:

TASER International, Inc. (NASDAQ: TASR) on Thursday announced a large order of its Axon body-worn video cameras and Evidence.com back-end digital evidence management system. 400 of the mobile cameras will ship to the Dallas Police Department in Q2 of this year, with an additional 600 to be sent over the next three years.

Among the 20 other departments having ordered the body cameras this quarter are law enforcement agencies from Alameda, California to Portsmouth, Virginia. Police departments in 25 of America's largest cities, including Chicago, Los Angeles, and Washington D.C. have already deployed TASER's Axon Flex and Body cameras and implemented the Evidence.com system.

Shares of Taser were up more than 2.7 percent at $35.60 Thursday morning.

TASER describes the cameras as "small, yet highly visible." They can be attached to hats, sunglasses, or shirt collars and capture full-color video from the point of view of the officer. The video is automatically uploaded to Evidence.com, a cloud-based storage database.

Dallas Assistant Police Chief Thomas Lawrence sees several benefits of the use of this technology, "including transparency and increased police-community trust, officer protection from false allegations and invaluable evidence for an investigation and prosecution."

According to a Cambridge University study conducted in Rialto, California, use of the body cameras reduced citizen complaints against the police department by 88 percent and cut down use of force by 60 percent.

Interest in body-worn cameras has surged after the fatal police shooting of teenager Michael Brown in Ferguson, Missouri last August, as activists called for mechanisms that would help keep officers accountable for their actions.

Digital Ally, Inc. (NASDAQ: DGLY), TASER's main competitor in the wearable camera space, was up about 10 percent.

 

Related Articles (TASR)

View Comments and Join the Discussion!

Posted-In: Axon body cameras digital ally TASER InternationalNews Contracts Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com