Digital Ally Receives Significant Follow-On FleetVu.com/DVM-250 Orders From zTrip
May 17 2019 - 8:00AM
Digital Ally, Inc. (Nasdaq: DGLY), which develops, manufactures and
markets advanced video surveillance products for law enforcement,
homeland security and commercial applications, announced that it
has received several significant follow-on orders during 2019 from
Kansas City-based zTrip, Inc. (“zTrip”). Orders received to date in
2019 cover a total of approximately 270 new DVM-250 Video Event
Recorders integrated with our FleetVu cloud-based driver monitoring
and management platform. With these recent orders, zTrip will be
deploying in excess of 1,000 units since zTrip’s designation of the
DVM-250 as the preferred Video Event Recorder for its nationwide
fleet of more than 5,000 vehicles. This order further demonstrates
zTrip’s commitment to new technology that will set it apart from
other ride-share and taxi services by providing audio/video
recordings of passenger/driver interactions and events. zTrip is
featuring the DVM-250 Video Event Recorders integrated with our
FleetVu connectivity platform as a central part of its overall
passenger/driver safety strategy which addresses safety concerns of
both passengers and drivers.
The orders consist of providing and installing
new DVM-250 Video Event Recorders integrated with our FleetVu
cloud-based driver monitoring and management platform to its
Colorado Springs, CO, Mobile, AL, Lincoln, NE and Omaha, NE
agencies. The orders will include a hardware sale component for the
DVM-250 event recorder, a non-recurring component for the
installation service and a recurring service component for the
FleetVu cloud platform. These orders will fully deploy zTrip’s
Colorado Springs, Mobile, Lincoln and Omaha fleets all of which
have been recently acquired by zTrip and will bring the total
number of fully-deployed zTrip agencies to nine. Approximately
eight more zTrip locations in the United States currently remain
open for deployment in the future plus any agencies to be acquired
by zTrip as it continues its aggressive expansion plan. Our FleetVu
Manager cloud-based service adds powerful real-time options to
include asset tracking and mapping, customizable real-time alerts,
such as, collisions, geo fences and speeding. FleetVu Cloud enables
agency managers to easily monitor their fleet of vehicles and
driver performance. Users can store and manage video, remotely
update firmware and wireless configurations while using features
such as mapping, reporting and creating driver score cards. FleetVu
mobile allows drivers to perform pre- and post-inspections of the
vehicle. It instantly sends alerts via SMS or email to fleet
managers if there is a breakdown, maintenance request or any issue
with that vehicle. As a result, the system may be instrumental in
reducing accidents, fraud and litigation risks.
zTrip was founded in Kansas City in 2016 and now
offers taxi and rideshare services in 17 U.S. cities. zTrip expects
to end 2019 with operations in more than 27 U.S. cities as it
continues its expansion strategy.
zTrip CEO Bill George said, “We believe strongly
in the advanced technology provided by Digital Ally which
demonstrates our commitment to providing our passengers and drivers
the safest environment possible, and we're looking forward to a
significant expansion of our long-term relationship. We believe the
DVM-250 Video Event Recorders integrated with our FleetVu
cloud-based driver monitoring and management platform is the most
effective and cost efficient method to provide the safety that
drivers and passengers want.” Our passengers and drivers can be
assured that their safety is our number one priority and with the
adoption of the FleetVu cloud-based manager we are taking
substantial steps to demonstrate the same,” concluded George.
“We are proud of zTrip’s confidence in our
technology by their designation of the DVM-250 as the preferred
Video Event Recorder for their nationwide fleet of more than 5,000
vehicles. We are also pleased that zTrip has made the DVM-250
integrated with the FleetVu cloud based platform as primary
technology supporting zTrip’s passenger/driver safety initiative.
It is impressive to see a regional leader in public and private
transportation such as zTrip commit substantial resources to the
safety of passengers and drivers. Other public and private
transportation companies have claimed to recognize and value the
safety of their passengers/drivers but few, if any, have actually
taken steps to address the safety issue directly and committed the
substantial funds to accomplish the ultimate goal that zTrip has.
Our immediate objective is to continue to demonstrate the value of
our DVM-250 integrated with our FleetVu cloud based platform at the
nine fully deployed zTrip locations and we view these deployments
as a ‘first step’ in an expanding relationship with a regional
leader in public and private transportation. In addition, we look
forward to expanding our relationship to include all zTrip cities,
with over 5,000 vehicles in the United States,” stated Stanton E.
Ross, Chief Executive Officer of Digital Ally, Inc.
About Digital Ally, Inc.
Digital Ally, Inc. develops, manufactures and
markets advanced technology products for law enforcement, homeland
security and commercial applications. The Company's primary
focus is digital video imaging and storage. The Company is
headquartered in Lenexa, Kansas, and its shares are traded on The
Nasdaq Capital Market under the symbol "DGLY."
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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 expansion
of the zTrip relationship with the Company; 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, 2018 and in its quarterly report on Form
8-K for the three months ended March 31, 2019.
For Additional Information, Please Contact:
Stanton E. Ross, CEO, at (913) 814-7774 or
Thomas J. Heckman, CFO, at (913) 814-7774
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