Digital Ally Signs Contract Extension With Major Cruise Line Company
September 30 2019 - 8:30AM
Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and
markets advanced video recording products for law enforcement,
emergency management, fleet safety and security, is pleased to
announce that a global leader in the cruise line industry has
agreed to a contract extension for its continued use of the
Company’s FirstVu HD body-worn cameras and back-office solution,
VuVault.com. The contract extension will provide the Company with a
recurring service revenue stream for multiple years to come. Since
2016, the Company’s FirstVu HD body-worn cameras have been deployed
on security personnel during cruises to reduce frivolous claims and
capture interactions between staff and guests.
The contract extension demonstrates the
effectiveness of the body-worn camera in de-escalating situations.
The unique two-piece design of Digital Ally’s FirstVu HD body
camera is the product of choice for security personnel because of
its small footprint and light weight design. All video captured is
uploaded and stored on VuVault.com, the Company’s back-office
solution. VuVault.com is a highly secure platform designed to
store, manage, and review video captured during events that take
place on the cruise ship.
“This contract extension continues the
commitment of safety and security for all staff members and guests
aboard the cruise line,” stated Stan Ross, CEO of Digital Ally.
“Our two-piece body camera design continues to show its effective
application in the commercial industry. We are encouraged to
advance our relationship and look forward to other opportunities in
the future,” concluded Mr. Ross.
About Digital Ally
Digital 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 in-car and body
cameras, cloud and local management software, and automatic
recording technology. Digital Ally products are sold by domestic
direct sales representatives and international distributors
worldwide.
For additional news and information please
visit: www.digitalallyinc.com
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Contact InformationStanton Ross, CEOTom
Heckman, CFODigital Ally, Inc913-814-7774
info@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: whether the Company will be able to
maintain or expand its share of the markets in which it competes
with the FirstVu HD and VuVault.com and especially in the
commercial marketplace; whether the Company will be able to adapt
its technology to new and different uses, including being able to
introduce new products; 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 as a result 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 quarterly report on Form 10-Q for
the three and six months ended June 30, 2019, as filed with the
Securities and Exchange Commission.
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