SCOTTSDALE, AZ--(Marketwired - Sep 16, 2013) - TASER (NASDAQ: TASR) today announced multiple deployments of its TASER ® brand next generation Smart Weapons including a significant upgrade of 2,188 units by the Houston Police Department .
"The Houston Police Department has had a long standing relationship with TASER," stated Chief Charles A. McClelland, Jr. of the Houston Police Department. "In last decade, TASER products have proven to be effective and high-quality. We believe the TASER X2 Smart Weapon will be another quality product for us during the next five years and a great tool for reducing suspect and officer injuries in the field."
"We are grateful for the opportunity to continue to serve the Houston Police Department," said Rick Smith, CEO & founder of TASER International. "Houston has long been a technology leader in law enforcement, and has been the largest municipal deployment of TASER technology over the past decade. Houston is now leading the way in upgrading to new TASER Smart Weapons to further enhance the effectiveness and safety of their officers."
The Houston Police Department purchase follows a Houston City Council approval of a purchasing contract between the city and TASER International for up to $9.5 million over five years on September 4. An initial allocation of $2,800,953.50 was also approved. The probability, amount, or dates of future purchases are unknown.
This purchase upgrades approximately half of the Houston Police Department's TASER weapons. In total, there are more than 300,000 TASER weapons in the field that are beyond the expected useful life of five years that would benefit from upgrading to TASER's new Smart Weapon technology.
Significant new TASER Smart Weapon deployments:
Additional agencies deploying TASER Smart Weapons:
These orders are expected to ship in the third and fourth quarter. The Houston upgrade is expected to ship in the third quarter with revenue being recognized in the third or fourth quarter dependent upon customer acceptance timing.
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About TASER International, Inc.
TASER protects life: TASER Conducted Electrical Weapons (CEWs) have saved more than 113,000 lives from potential death or serious injury. TASER protects truth: We enable greater transparency with the industry-leading TASER CAM and AXON flex on-officer video systems. Together with our customers, we are defining the future of smart policing by connecting intelligent devices and sensors with the first secure cloud-based digital evidence management solution for law enforcement: EVIDENCE.com.
Since 1994, more than 260,000 private individuals have relied on TASER technology to protect themselves and their loved ones. Learn more about TASER and its solutions at www.TASER.com and www.EVIDENCE.com or by calling (800) 978-2737.
TASER ® is a registered trademark of TASER International, Inc., registered in the U.S. All rights reserved. TASER logo, TASER X26™, TASER X26P™, TASER X2™, TASER CAM™ HD, and AXON flex™ are trademarks of TASER International, Inc.
Note to Investors
Please visit http://investor.taser.com , http://blog.taser.com , www.twitter.com/taser_ir , www.twitter.com/officialtaser and https://www.facebook.com/TASER.International where TASER discloses information from time to time about the company, its financial information, and its business. Visit our Investor Relations Safe Harbor Statement at: investor.taser.com/safeHarbor.cfm
For investor relations information please contact Erin Curtis by phone at 480-515-6330 or via email at IR@TASER.com .
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