Taser Announces 3 Domestic Orders and 1 Export Order, Taser Intl, 2007
Download original document:
This text is machine-read, and may contain errors. Check the original document to verify accuracy.
For Release: May 24, 2007 at 7:30 am ET CONTACT: Steve Tuttle Vice President of Communications TASER International, Inc. Media ONLY Hotline: (480) 444-4000 TASER International Announces Three Significant Domestic Orders and One Large Export Order Washington State Patrol, Tallahassee and Scottsdale Police Departments Purchase TASER Technology SCOTTSDALE, AZ, May 24, 2007 - TASER International, Inc. (NASDAQ: TASR) a market leader in advanced electronic control devices today announced the receipt of four substantial orders. Three orders were received from domestic law enforcement agencies, including the Washington State Patrol for 500 TASER® X26 Electronic Control Devices (ECDs) and related accessories; Tallahassee Police Department for 271 TASER X26 ECDs and related accessories; and Scottsdale Police Department for 125 TASER X26 units and related accessories. TASER International also received an export purchase order from an international law enforcement agency establishing a new TASER program with an order totaling over $1,425,000 for TASER X26 ECDs and related accessories. “The TASER devices are an option that avoids troopers having to go ‘hands-on’ with combative subjects,” said Chief John R. Batiste of the Washington State Patrol. “We can engage from a safe distance, ultimately reducing injuries to both troopers and suspects.” “These orders represent the continuation of large deployments of our TASER technology,” said Tom Smith, Chairman and Co-Founder of TASER International. “We are excited to see the TASER X26 deployed at the street level where our technology can truly make an impact in these communities by reducing injuries and protecting lives. We are also pleased another country in the international community has embraced the value of TASER technology and has expanded their program to an active duty deployment following a field test that began last year,” concluded Smith. The three domestic orders together totaled 946 TASER X26 Electronic Control Devices (ECDs) and all four orders are expected to ship in the second quarter of 2007. About TASER International, Inc. TASER International provides advanced electronic control devices for use in the law enforcement, military, private security and personal defense markets. TASER® devices use proprietary technology to incapacitate dangerous, combative or high-risk subjects who pose a risk to law enforcement officers, innocent citizens or themselves in a manner that is generally recognized as a safer alternative to other uses of force. TASER technology saves lives every day, and the use of TASER devices dramatically reduces injury rates for police officers and suspects. For more information on TASER life-saving technology, please call TASER International at (800) 978-2737 or visit our website at www.TASER.com. Note to Investors This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. The forward-looking information is based upon current information and expectations regarding TASER International. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements. TASER International assumes no obligation to update the information contained in this press release. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) market acceptance of our products; (2) our ability to establish and expand direct and indirect distribution channels; (3) our ability to attract and retain the endorsement of key opinion-leaders in the law enforcement community; (4) the level of product technology and price competition for our products; (5) the degree and rate of growth of the markets in which we compete and the accompanying demand for our products; (6) risks associated with rapid technological change and new product introductions; (7) competition; (8) litigation including lawsuits resulting from alleged product related injuries and death; (9) media publicity concerning allegations of deaths and injuries occurring after use of the TASER device and the negative effect this publicity could have on our sales; (10) TASER device tests and reports; (11) product quality; (12) implementation of manufacturing automation; (13) potential fluctuations in our quarterly operating results; (14) financial and budgetary constraints of prospects and customers; (15) order delays; (16) dependence upon sole and limited source suppliers; (17) negative reports concerning the TASER device; (18) fluctuations in component pricing; (19) government regulations and inquiries; (20) dependence upon key employees and our ability to retain employees; (21) execution and implementation risks of new technology; (22) ramping manufacturing production to meet demand; (23) medical and safety studies; and (24) other factors detailed in our filings with the Securities and Exchange Commission, including, without limitation, those factors detailed in the Company’s Annual Report on Form 10-K and its Form 10-Qs. The statements made herein are independent statements of TASER International. The inclusion of any third parties does not represent an endorsement of any TASER International products or services by any such third parties. ###