Digital Ally Receives Notable Orders For Its Asset Tracking Units

Rhea-AI Summary

Digital Ally has received significant orders for over 600 4G Cellular Asset Tracking Units (ATUs) from zTrip and Gila River Emergency Medical Transportation Services, totaling more than $300,000 in contracted revenue. zTrip will deploy over 500 ATUs across its nationwide fleet, enhancing safety and operational efficiency. Gila River will integrate 101 ATUs to improve fleet management. The CEO stated that these orders reflect a growing demand for video evidence systems in commercial fleets.

Positive

• Received orders for over 600 ATUs from zTrip and Gila River.
• Total revenue exceeding $300,000 from these contracts.
• zTrip's implementation of over 500 ATUs demonstrates industry leadership in safety.
• Integration of ATUs by Gila River enhances fleet efficiency and driver behavior.

Negative

• None.

Multiple Orders to total over 600 units for Digital Ally’s 4G Cellular Asset Tracking Units

Lenexa, KS, July 22, 2020 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures, and markets advanced video recording products and other critical safety products for law enforcement, emergency management, fleet safety and security, today announced the receipt of notable orders for its Asset Tracking Unit (ATU) from zTrip, Inc. (“zTrip”) and Gila River Emergency Medical Transportation Services (Gila River). These two orders total over 600 ATUs with revenue exceeding $300,000 over the lifetime of the contracts.

The Company’s ATU features 4G cellular connectivity, allowing the unit to serve as a mobile hotspot and upload crucial video evidence and data directly to the cloud when the vehicles are in use. Additional features include GPS tracking, fuel consumption reports, and other customizable data.

zTrip, one of North America’s largest taxicab companies, will implement over 500 new ATUs across its fleet nationwide. zTrip continues to push forward as an industry leader and this order demonstrates zTrip’s continued initiative for enhanced passenger and driver safety. This order comes after the previous purchase of ATUs in early 2020 for its Indianapolis location.

Gila River, a medical transportation service serving the Gila River Indian Community (AZ), will integrate 101 ATUs with its already existing DVM-250 in-car video event recorders. The ATUs are crucial for fleet managers to increase the efficiency of the fleet and will improve driver behavior.

“We’re excited to help both zTrip and Gila River protect their drivers and their customers,” said Stan Ross, CEO of Digital Ally, adding, “These orders reflect the dramatic increase in demand for our video evidence systems in the commercial fleet space.”

About Digital Ally
Digital Ally^®, headquartered in Lenexa, KS, specializes in the design and manufacturing of the highest quality video recording equipment and video analytic software. Digital Ally pushes the boundaries of technology in industries such as law enforcement, emergency management, fleet safety and security. Digital Ally’s complete product solutions include vehicle and body cameras, flexible software storage, automatic recording technology and various critical safety products. These products work seamlessly together and are simple to install and operate. In addition, Digital Ally recently launched two new product lines including a non-contact thermometer/controlled-entry device under the Company’s ThermoVu™ brand and an EPA Category IV disinfectant/sanitizer under the Company’s Shield™ brand. Digital Ally products are sold by domestic direct sales representatives and international distributors worldwide.

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

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Contact Information
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: the extent and timing of the continued expansion of the zTrip and Gila River relationship with the Company; the Company’s ability to continue to grow its recurring service revenues; 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 because 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, 2019 and in its quarterly report on Form 10-Q for the three months ended March 31, 2020.

FAQ

What is the significance of the recent orders received by Digital Ally?

Digital Ally received orders for over 600 ATUs from zTrip and Gila River, totaling more than $300,000, indicating a strong demand for their products.

How many ATUs is zTrip planning to implement?

zTrip plans to implement over 500 new ATUs across its fleet nationwide.

What is the expected revenue from the orders mentioned in the press release?

The expected revenue from the recent orders exceeds $300,000 over the lifetime of the contracts.

How does the ATU improve fleet operations?

The ATU features 4G connectivity for real-time data uploads, GPS tracking, and fuel consumption reports, enhancing fleet management and safety.

What companies are involved in the recent orders announced by Digital Ally?

The companies involved are zTrip, a major taxicab company, and Gila River Emergency Medical Transportation Services.