STOCK TITAN

Digital Ally Announces Industry Innovation Recognition

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Digital Ally (NASDAQ: DGLY) announced that its Evo Fleet video system received recognition at the NAFA Fleet Management Association’s 2023 Innovations Showcase held from April 17-19 in Baltimore, MD.

The Evo Fleet system features advanced telematics and AI technology, offering real-time driver-assist feedback by detecting distracted or drowsy driving, lane drifting, and pedestrians. Key specifications include:

  • 1TB Storage
  • Live GPS Tracking
  • 1080P HD recording
  • 4G LTE connectivity

Brody Green, President, emphasized the company's commitment to fleet safety and innovation following this accolade.

Positive
  • Recognition of Evo Fleet video system at the NAFA Innovations Showcase, enhancing brand credibility.
  • Advanced features of Evo Fleet, including AI technology for driver safety, may lead to increased customer interest.
Negative
  • The company's ability to maintain or expand market share is uncertain due to competition from larger firms.
  • The effectiveness of the Evo Fleet technology is not guaranteed, posing risks regarding customer satisfaction.

Company’s Evo Fleet video system was recognized at NAFA Fleet Management Association’s 2023 Innovations Showcase

Lenexa, KS, April 26, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY) (the Company), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and event security, today announced it’s EVO Fleet video system has been recognized by its peers as part of the 2023 NAFA Fleet Management Association Innovations Showcase.

The Innovations Showcase took place at FAFSA’s 2023 Institute and Expo in Baltimore, MD, April 17-19.

“We appreciate this recognition from NAFA members and we’re proud of our engineers, technical support and sales staffs for their tireless work in developing the EVO Fleet video system,” said Brody Green, President of Digital Ally, adding, “The release of EVO Fleet demonstrates our heritage of innovation and continued commitment to fleet safety and security.”

Digital Ally’s newest fleet video system, utilizing the latest innovations in telematics technology, is being released to great excitement across both current and new customer bases. Compact in form factor yet rich in features, the EVO Fleet Vehicle Camera offers artificial intelligence providing immediate driver-assist feedback by recognizing pedestrians, distracted or drowsy driving, and lane drifting.

EVO Fleet Features:

- Up to 1TB of Storage
- Live GPS Tracking
- A.I Interface with real time alerts and notifications
- 1080P HD recording at 30 FPS
- Can record up to 4 streams of video simultaneously
- 4G LTE connectivity
- Video on Demand

About NAFA Fleet Management Association

NAFA is the world’s largest membership association for individuals who manage the vehicular fleet and mobility responsibilities for their employers. NAFA propels the fleet and mobility profession through its world-class certification, education, advocacy, and peer-networking programs. It is an essential element of success for individuals involved in the profession.

NAFA has more than 2,000 individual fleet manager members who come from corporations, public safety (law enforcement, fire departments), education (universities and K-12 school systems), governments agencies (federal, state, municipal, provincial), utilities, and any other entity that uses vehicles in its normal conduct of business or needs to move people or goods from one place to another.

About Digital Ally
Digital Ally Companies (NASDAQ: DGLY) through its subsidiaries, is engaged in video solution technology, human & animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, event production and jet chartering. Digital Ally continues to add organizations that demonstrate the common traits of positive earnings, growth potential, innovation and organizational synergies.

For additional news and information please visit www.digitalally.com or follow Digital Ally Inc. social media channels here:

Facebook | Instagram | LinkedIn | Twitter

Contact Information
Brody Green, President
Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc.
913-814-7774
info@digitalallyinc.com

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 maintain or expand its share of the markets in which it competes with the EVO Fleet video system; whether the Company will make a global impact with its technology innovations; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; 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; whether the technology referenced in this release will work as anticipated and meet the needs of the Company’s customers; 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, 2022, filed with the Securities and Exchange Commission.


FAQ

What is the Evo Fleet video system from Digital Ally?

The Evo Fleet video system is an advanced telematics and AI technology solution designed to improve fleet safety by providing real-time feedback on driver behavior.

When was the Evo Fleet video system recognized?

The Evo Fleet video system was recognized at the NAFA Fleet Management Association’s 2023 Innovations Showcase held on April 17-19, 2023.

What are the key features of the Evo Fleet video system?

Key features include up to 1TB of storage, live GPS tracking, 1080P HD recording, and AI-driven driver assistance.

How does the Evo Fleet system enhance fleet safety?

The Evo Fleet system enhances safety by detecting distracted driving, drowsy driving, lane drifting, and recognizing pedestrians, providing real-time alerts.

What challenges could Digital Ally face with the Evo Fleet system?

Digital Ally may face challenges in maintaining market share against larger competitors and ensuring the technology meets customer expectations.

Digital Ally, Inc.

NASDAQ:DGLY

DGLY Rankings

DGLY Latest News

DGLY Stock Data

4.19M
4.38M
6.18%
2.76%
9.79%
Internet Content & Information
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
LENEXA