LENEXA, KS--(Marketwired - Oct 17, 2014) - Digital Ally, Inc. (
Technologica y Diagnosticos del Norte S.A. de C.V. ("TDN") represents the Company as its exclusive distributor in Mexico and is securing additional spare parts and services from the Company to support one of its largest law enforcement customer's comprehensive refurbishment program for in-car video systems deployed in its fleet of vehicles. The total amount of the additional orders received is expected to approximate $850,000, with deliveries beginning immediately and continuing over the next 12 months as the refurbishment program progresses.
"We are excited to continue our long exclusive relationship with TDN, which is one of the most productive and well-respected international distributors in our network," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. "TDN has demonstrated a high-level commitment to the satisfaction of its customer's needs with respect to our products and services. The receipt of these important follow-on orders represents a clear indication of the confidence that TDN's customer has in both TDN and our legacy in-car video systems."
"TDN is placing this follow-on purchase order with us to ensure immediate access to spare parts as its customer continues to implement its refurbishment program. We expect to receive additional purchase orders for this program throughout the balance of 2014 and in 2015. We believe TDN's customer places a high priority on the refurbishment program and expect the entire project to be completed over the next 12 to 18 months," concluded Ross.
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. For additional information, visit www.digitalallyinc.com .
The Company is headquartered in Lenexa, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".
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 obtain additional orders from TDN and/or its customer; whether the entire fleet of the TDN's customer's vehicles will ultimately be refurbished; the uncertainty of the timing of the various stages of the refurbishment program and value of the orders; whether the Company can obtain its components and products on a timely basis; 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, 2013 and quarterly report on Form 10-Q for the three and six months ended June 30, 2014, as filed with the Securities and Exchange Commission.
For Additional Information, Please Contact: Stanton E. Ross CEO (913) 814-7774 or RJ Falkner & Company, Inc. Investor Relations Counsel (800) 377-9893 info@rjfalkner.com
