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Taser (TASR), Digital Ally (DGLY) Remain on Watch on Growing 'On-Officer Video' Theme

August 20, 2014 6:37 AM EDT

Taser International (NASDAQ: TASR) and Digital Ally, Inc. (NASDAQ: DGLY) remain stocks on watch today related to the growing on-officer video theme that has been thrust into the spotlight amid the Ferguson, Missouri events.

Police agencies that have trialed or fully deployed on-officer video saw a 59% reduction in 'use of force' by officers, and a 93% reduction in litigation expenses, according to research highlighted by JP Morgan.

JP Morgan analyst Paul Coster views Taser as uniquely positioned to address the on-officer video market given its strong relationship with police agencies for the weapons business; TASR weapons are present in ~16k of the ~18k police agencies in the US. Large agencies that have at least partially adopted Taser's Evidence.com include Las Vegas, New Orleans, Albuquerque.

Meanwhile, Digital Ally's FirstVu on-officer video is already being used in Missouri. According to a recent local TV segment, highlighted on Digital Ally's website, the Greenwood Police Department was the first police force in Missouri to provide body cameras for all its patrol officers. The police chief said the body cameras are "one piece of equipment I would never want to do without." He went on to say, "I believe the body cameras are the next step in law enforcement. I think in order to keep up with the times it's a necessity."

Taser gained 10% Tuesday and is up 27% since last Friday. Meanwhile, Digital Ally didn't get going until Tuesday when it gained 94%.



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