Digital Ally Receives Notable Orders For Its Asset Tracking Units
July 22 2020 - 8:00AM
Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures,
and markets advanced video recording products and other critical
safety products for law enforcement, emergency management, fleet
safety and security, today announced the receipt of notable orders
for its Asset Tracking Unit (ATU) from zTrip, Inc. (“zTrip”) and
Gila River Emergency Medical Transportation Services (Gila River).
These two orders total over 600 ATUs with revenue exceeding
$300,000 over the lifetime of the contracts.
The Company’s ATU features 4G cellular
connectivity, allowing the unit to serve as a mobile hotspot and
upload crucial video evidence and data directly to the cloud when
the vehicles are in use. Additional features include GPS tracking,
fuel consumption reports, and other customizable data.
zTrip, one of North America’s largest taxicab
companies, will implement over 500 new ATUs across its fleet
nationwide. zTrip continues to push forward as an industry leader
and this order demonstrates zTrip’s continued initiative for
enhanced passenger and driver safety. This order comes after the
previous purchase of ATUs in early 2020 for its Indianapolis
location.
Gila River, a medical transportation service
serving the Gila River Indian Community (AZ), will integrate 101
ATUs with its already existing DVM-250 in-car video event
recorders. The ATUs are crucial for fleet managers to increase the
efficiency of the fleet and will improve driver behavior.
“We’re excited to help both zTrip and Gila River
protect their drivers and their customers,” said Stan Ross, CEO of
Digital Ally, adding, “These orders reflect the dramatic increase
in demand for our video evidence systems in the commercial fleet
space.”
About Digital AllyDigital
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, fleet safety and security. Digital Ally’s complete
product solutions include vehicle and body cameras, flexible
software storage, automatic recording technology and various
critical safety products. These products work seamlessly together
and are simple to install and operate. In addition, Digital Ally
recently launched two new product lines including a non-contact
thermometer/controlled-entry device under the Company’s ThermoVu™
brand and an EPA Category IV disinfectant/sanitizer under the
Company’s Shield™ brand. Digital Ally products are sold by
domestic direct sales representatives and international
distributors worldwide.
For additional news and information please visit
www.digitalallyinc.com or follow additional Digital Ally Inc.
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InformationStanton Ross, CEOTom Heckman, CFODigital Ally,
Inc913-814-7774info@digitalallyinc.com
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: the extent and timing of the continued
expansion of the zTrip and Gila River relationship with the
Company; the Company’s ability to continue to grow its recurring
service revenues; 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 because 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, 2019 and in its quarterly report on Form
10-Q for the three months ended March 31, 2020.
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