LENEXA, KS--(Marketwired - Sep 9, 2015) - Digital Ally, Inc. (
This order represents an expansion of Digital Ally's partnership with Transdev, the parent company of Palm Beach Yellow Cab. Transdev provides public transportation services including bus, rail, paratransit, taxi and shuttle services in 200 cities and 21 countries. Palm Beach Yellow Cab provides taxi, limousine and airport transportation services throughout Palm Beach County, Florida.
"After the completion of a thorough testing and evaluation process, it was clear that the DVM-250 and FleetVu Cloud Services platform best meet our requirements," stated Bill George, President of the Taxi Division of Transdev on Demand, which owns Palm Beach Yellow Cab. "With FleetVu Cloud we are able to effectively monitor our fleet utilization and the quality of our customer service from one central web-based platform. The combination of video and fleet telematics provides an extremely effective tool to improve safety, performance and the overall customer experience."
"With this purchase, Palm Beach Yellow Cab will be able to enhance driver and passenger safety by having video event recorders and telematics deployed across its entire fleet," stated John Rumage, Director of Commercial Sales at Digital Ally, Inc. "Our goal is to offer a cost-effective solution that includes in-vehicle event recorders, associated infrastructure and video archiving software that will fully satisfy our customers' fleet management requirements."
"We are pleased to experience continued growth and success in the commercial market, which is currently the fastest-growing business segment within our organization. Our goal is to achieve diversification and balance as an innovative leader within the commercial and law enforcement markets," concluded Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc.
The DVM-250 is a video event data recorder (VEDR) that is integrated into a rear-view mirror and captures "events" defined by the customer, which generally include accidents, speeding, braking, swerving, and other user-defined triggers, while providing features such as immediate driver feedback. It also records in a continuous loop while simultaneously providing video documentation of events. The FleetVu Manager provides real-time alerts that allow management to be connected 24 hours a day, from any location, to continuously monitor and evaluate driver behavior and vehicle utilization. Other benefits include integrating instantaneous alerts into pre- and post-operation inspections, thereby maximizing driver safety and minimizing maintenance delays. As a result, the system may be instrumental in reducing accidents, fraud and litigation.
About Digital Ally, Inc.
Digital Ally is a leading global designer, manufacturer and innovator in the growing field of digital audio/video recording technology. Digital Ally is the only company serving the military, law enforcement, fire, emergency medical services and commercial vehicle fleets that is capable of providing a complete end-to-end hardware and software solution. The company's product lines include in-car audio/video recording equipment, body-worn cameras, cloud and local server software and storage solutions. Digital Ally products are sold by domestic direct sales representatives and international distributors worldwide. Digital Ally is headquartered in Lenexa, Kansas.
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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: whether the sale to Transdev will lead to additional commercial and fleet sales of the DVM-250 and FleetVU Cloud service; whether the company will be able to continue to increase sales in its commercial division and maintain its current growth rate; whether the Company will be able to compete successfully in the marketplace to generate additional sales of its products in side-by side comparisons with other companies' products; and whether the Company will be able to adapt its technology to new and different uses. 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, 2014, and its Form 10-Q for the three and six months ended June 30, 2015, 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
