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EXCLUSIVE: Digital Ally CEO Talks TASER Lawsuit, Upcoming Presentation

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EXCLUSIVE: Digital Ally CEO Talks TASER Lawsuit, Upcoming Presentation

Digital Ally, Inc. (NASDAQ: DGLY) stock might be in for some volatility on March 15.

At the Roth Capital Conference on March 15, Digital Ally plans to discuss the ongoing TASER International, Inc. (NASDAQ: TASR) lawsuit, Digital Ally CEO Stan Ross told Benzinga.

Stating he believes Digital Ally's claims are valid, the CEO said he is "not concerned" over the company's lawsuit.

The lawsuit is a patent suit by Digital Ally against TASER, seeking damages against full value of contracts TASER received from state governments. Regarding the specific contracts involved in the suit, there may be some uncertainty if Digital Ally is seeking claims against just camera sales or against just cloud sales.

Ross concluded the conversation by saying 2016 "looks real good compared with 2015."

Related Link: Digital Ally Falls 5% After Big Earnings Miss

TASER's Side

According to TASER's press release following the lawsuit filing, "TASER International, which makes communities safer with innovative public safety technologies, typically does not comment on pending litigation, but the Company felt compelled to respond to what is, in our opinion, a frivolous and egregious lawsuit filed by Digital Ally against TASER for patent infringement."

TASER's General Counsel Doug Klint commented in the press release, "TASER values patent rights, including those of our competitors, and as such, we use a best practice intellectual property (IP clearance process before starting any technology project."

"We conduct extensive prior art and patent searches and develop a patent landscape analysis using outside patent counsel experts to guide us as we develop our products […] TASER has been very successful in defending litigation and we have prevailed in all previous patent lawsuits with competitors. We believe we will prevail in this litigation as well."

Previously, Digital Ally's Ross responded by stating, "Given our investment and superior implementation of the technology and its importance to the safety of officers and our communities, Digital Ally could not sit silently while TASER misappropriated our intellectual property and used our very own inventions to compete against us."

Regardless of Digital Ally's outlook or that of TASER, investors can expect volatility on the conference date.

 

Related Articles (DGLY + TASR)

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