Independent Research Demonstrates ShotSpotter’s Impact, Effectiveness, Success and Value in Winston-Salem
SoundThinking, Inc. (Nasdaq: SSTI) has released a report highlighting the success of its ShotSpotter program in Winston-Salem. The report, based on independent research by the Center for Crime Science and Violence Prevention at Southern Illinois University Edwardsville, demonstrates significant benefits across four key metrics:
1. Lives saved: 27 gunshot victims received medical aid, with at least two lives saved directly due to ShotSpotter.
2. Crime reduced: 24% reduction in aggravated assaults and homicides within ShotSpotter's coverage area.
3. Evidence recovered: 4,400% increase in shell casing recovery.
4. Financial ROI: $8.4 to $8.8 million saved annually, yielding a return of $26 for every $1 invested.
The report also suggests that Winston-Salem's proposed drone program would be most effective when paired with existing ShotSpotter technology.
SoundThinking, Inc. (Nasdaq: SSTI) ha pubblicato un rapporto che evidenzia il successo del suo programma ShotSpotter a Winston-Salem. Il rapporto, basato su ricerche indipendenti condotte dal Center for Crime Science and Violence Prevention della Southern Illinois University Edwardsville, dimostra benefici significativi in quattro metriche chiave:
1. Vite salvate: 27 vittime di colpi di pistola hanno ricevuto assistenza medica, con almeno due vite salvate direttamente grazie a ShotSpotter.
2. Crimini ridotti: riduzione del 24% degli assalti aggravati e degli omicidi nell'area coperta da ShotSpotter.
3. Prove recuperate: aumento del 4.400% nel recupero dei bossoli.
4. Ritorno finanziario: risparmi annuali di 8,4 - 8,8 milioni di dollari, con un ritorno di 26 dollari per ogni 1 dollaro investito.
Il rapporto suggerisce inoltre che il programma di droni proposto per Winston-Salem sarebbe più efficace se abbinato alla tecnologia esistente di ShotSpotter.
SoundThinking, Inc. (Nasdaq: SSTI) ha lanzado un informe que destaca el éxito de su programa ShotSpotter en Winston-Salem. El informe, basado en una investigación independiente del Center for Crime Science and Violence Prevention de la Southern Illinois University Edwardsville, demuestra beneficios significativos en cuatro métricas clave:
1. Vidas salvadas: 27 víctimas de disparos recibieron asistencia médica, con al menos dos vidas salvadas directamente gracias a ShotSpotter.
2. Reducción de crímenes: reducción del 24% en asaltos agravados y homicidios dentro del área de cobertura de ShotSpotter.
3. Pruebas recuperadas: aumento del 4,400% en la recuperación de casquillos.
4. ROI financiero: ahorros anuales de 8.4 a 8.8 millones de dólares, con un retorno de 26 dólares por cada 1 dólar invertido.
El informe también sugiere que el programa de drones propuesto para Winston-Salem sería más efectivo si se combina con la tecnología existente de ShotSpotter.
사운드씽킹(SoundThinking, Inc.) (Nasdaq: SSTI)은 윈스턴-세일럼(Winston-Salem)에서 ShotSpotter 프로그램의 성공을 강조하는 보고서를 발표했습니다. 이 보고서는 사우던 일리노이 대학교 에드워즈빌 캠퍼스의 범죄 과학 및 폭력 예방 센터(Center for Crime Science and Violence Prevention)의 독립 연구를 기반으로 하여 다음 네 가지 주요 지표에서 상당한 이점을 보여줍니다:
1. 구조된 생명: 27명의 총격 피해자가 의료 지원을 받았으며, ShotSpotter 덕분에 최소 두 생명이 직접 구조되었습니다.
2. 범죄 감소: ShotSpotter의 범위 내에서 폭행 및 살인 사건이 24% 감소했습니다.
3. 증거 회수: 총알 껍질 회수율이 4,400% 증가했습니다.
4. 재정적 ROI: 연간 840만에서 880만 달러가 절약되어 투자한 1달러당 26달러의 수익을 가져옵니다.
보고서는 또한 윈스턴-세일럼의 제안된 드론 프로그램이 기존의 ShotSpotter 기술과 결합될 때 가장 효과적일 것이라고 제안합니다.
SoundThinking, Inc. (Nasdaq: SSTI) a publié un rapport soulignant le succès de son programme ShotSpotter à Winston-Salem. Ce rapport, basé sur une recherche indépendante du Center for Crime Science and Violence Prevention de la Southern Illinois University Edwardsville, démontre des avantages significatifs selon quatre critères clés :
1. Vies sauvées : 27 victimes de coups de feu ont reçu des soins médicaux, avec au moins deux vies sauvées directement grâce à ShotSpotter.
2. Réduction de la criminalité : réduction de 24 % des agressions aggravées et des homicides dans la zone couverte par ShotSpotter.
3. Preuves récupérées : augmentation de 4 400 % du nombre de douilles récupérées.
4. Retour sur investissement financier : économies annuelles de 8,4 à 8,8 millions de dollars, générant un retour de 26 dollars pour chaque dollar investi.
Le rapport suggère également que le programme de drones proposé pour Winston-Salem serait le plus efficace s'il était associé à la technologie existante de ShotSpotter.
SoundThinking, Inc. (Nasdaq: SSTI) hat einen Bericht veröffentlicht, der den Erfolg seines ShotSpotter-Programms in Winston-Salem hervorhebt. Der Bericht, der auf unabhängiger Forschung des Center for Crime Science and Violence Prevention der Southern Illinois University Edwardsville basiert, zeigt signifikante Vorteile in vier Schlüsselmetriken:
1. Lebensrettungen: 27 Schusswaffenopfer erhielten medizinische Hilfe, wobei mindestens zwei Leben direkt durch ShotSpotter gerettet wurden.
2. Verbrechensreduktion: 24% Reduzierung der schweren Körperverletzungen und Mordfälle im Bereich von ShotSpotter.
3. Beweismittel sichergestellt: 4.400% Steigerung bei der Sicherstellung von Hülsen.
4. Finanzielle Rendite: Jährliche Einsparungen von 8,4 bis 8,8 Millionen Dollar, was eine Rendite von 26 Dollar für jeden investierten Dollar ergibt.
Der Bericht schlägt auch vor, dass das vorgeschlagene Drohnenprogramm für Winston-Salem am effektivsten ist, wenn es mit der bestehenden ShotSpotter-Technologie kombiniert wird.
- ShotSpotter directed police to 27 gunshot victims, potentially saving at least two lives
- 24% reduction in aggravated assaults and homicides within ShotSpotter's coverage area
- 4,400% increase in shell casing recovery, enhancing evidence collection
- $8.4 to $8.8 million annual savings for Winston-Salem
- $26 return on investment for every $1 spent on ShotSpotter
- None.
The independent research on ShotSpotter's impact in Winston-Salem reveals significant positive outcomes that could boost investor confidence in SoundThinking, Inc. (Nasdaq: SSTI). The 24% reduction in violent crimes within the coverage area, compared to a 2% increase elsewhere, demonstrates the product's effectiveness. This stark contrast could drive demand from other municipalities seeking to combat gun violence.
The reported
However, investors should consider that while these results are impressive, they are specific to Winston-Salem. The company's challenge will be to replicate this success consistently across diverse urban environments to sustain long-term growth.
The report's findings present a strong case for SoundThinking's value proposition, which could positively impact the company's financial outlook. The estimated annual savings of
Investors should note the 4,400% increase in evidence collection within the ShotSpotter coverage area. This dramatic improvement could lead to higher conviction rates and further justify the technology's adoption, potentially driving sales growth and expanding profit margins.
While these results are promising, it's important to monitor whether SoundThinking can maintain this level of performance across different markets and scale efficiently to meet potential increased demand, as these factors will be key to long-term profitability and stock performance.
Summary: SoundThinking, Inc. today announced recently published independent research that demonstrates benefits of ShotSpotter in Winston-Salem, including lives saved, reduction in violent crime, enhanced evidence collection and an estimated return of
FREMONT, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today delivered a report to Winston-Salem officials outlining the well-documented success of the city’s ShotSpotter program. The 29-page report—which incorporates findings, independent studies, and testimonials from a broad array of law enforcement professionals, public officials, and the media—affirms the value that ShotSpotter confers to Winston-Salem across four metrics: (1) lives saved, (2) crime reduced, (3) evidence recovered, and (4) financial return on investment.
SoundThinking’s report relies on an independent academic study authored by the Center for Crime Science and Violence Prevention at Southern Illinois University Edwardsville. The Center found that over its three-year deployment in Winston-Salem, ShotSpotter has:
- Directed WSPD to 27 gunshot victims who then received medical aid from first responders. WSPD had publicly stated that at least two of these victims’ lives were saved because of ShotSpotter.
- Reduced aggravated assaults and homicides within ShotSpotter’s coverage area by
24% . This compares to a2% increase in aggravated assaults and homicides in the areas of Winston-Salem where ShotSpotter is not deployed. - Led to the recovery of 3,476 shell casings within ShotSpotter's coverage area (3 square miles). 3,597 shell casings were recovered across the entire city (134 square miles) during the same period, suggesting that ShotSpotter increases evidence collection by 4,
400% . - Saved Winston-Salem
$8.4 t o$8.8 million annually due to a decrease in aggravated assaults and homicides. This yields a return of approximately$26 for every$1 invested in ShotSpotter.
SoundThinking also noted that Winston-Salem police department’s proposed drone program will likely be most effective when paired with existing ShotSpotter technology.
Read the formal response here.
“The relationship between SoundThinking and the City of Winston-Salem dates back to August 2021, and is a partnership that we take great pride in due to ShotSpotter’s track record of helping to save lives and reduce violence,” said SoundThinking CEO Ralph Clark. “This independent research reinforces empirically how ShotSpotter helps police better respond to and investigate incidents of gunfire quickly, save lives, and capture critical evidence while strengthening community trust.”
To learn more about SoundThinking’s full range of public safety technologies, please visit www.SoundThinking.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the effectiveness of Winston-Salem police department’s proposed drone program. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the company’s control. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to the effective use of the company’s technology and achieving its intended benefits, as well as other risk factors included in the company’s most recent annual report on Form 10-K and quarterly report on Form 10-Q and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this press release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.
About SoundThinking
SoundThinking, Inc. (Nasdaq: SSTI) is a leading public safety technology company that delivers AI- and data-driven solutions for law enforcement, civic leadership, and security professionals. SoundThinking is trusted by approximately 250 customers and has worked with over 2,100 agencies to drive more efficient, effective, and equitable public safety outcomes. The Company’s SafetySmart™ platform includes ShotSpotter®, the leading acoustic gunshot detection system; CrimeTracer™, the leading law enforcement search engine; CaseBuilder™, a one-stop investigation management system; ResourceRouter™, software that directs patrol and community anti-violence resources to help maximize their impact; SafePointe®, an AI-based weapons detection system; and PlateRanger powered by Rekor, a leading ALPR solution. SoundThinking has been designated a Great Place to Work® Company.
Company Contact:
Alan Stewart, CFO
SoundThinking, Inc.
+1 (510) 794-3100
astewart@soundthinking.com
Investor Relations Contacts:
Matt Glover and Greg Bradbury
Gateway Group, Inc.
+1 (949) 574-3860
SSTI@gateway-grp.com
Ankit Hira and Sean Daly
Solebury Strategic Communications
+1 (203) 546-0444
ahira@soleburystrat.com
FAQ
What is the financial return on investment for ShotSpotter in Winston-Salem according to the report?
How has ShotSpotter impacted crime rates in Winston-Salem?
How has ShotSpotter improved evidence collection in Winston-Salem?
When did Winston-Salem start using ShotSpotter technology?
