DGLY stock rose in pre-market trading on February 4, 2020, after the company announced that it has received its largest order in its company history.
The contract will include around 5,000 body cameras with Digital Ally’s online software infrastructure support for a three-year interval. The contract is expected to result in revenues exceeding $4 million beginning with the delivery of the purchase order in February 2020 and purchase orders’ afterwards. This contract is the biggest body camera deployment in the provider’s history and the biggest contract for recurring service revenues for its online software related to the body cameras.
The contract was awarded to Digital Ally after an extensive evaluation process resulting in the federal police force, replacing competitors’ services and hardware with Digital’s body camera and its web-based application services offerings.
On January 31, 2020, Digital Ally announced the receipt of orders from the Santa Fe, New Mexico Police Department because of its patented VuLink auto-activation systems and its DVM-800 event recorders. The Santa Fe Police Department has been a customer of Digital Ally for nearly a decade, continuing to update its technology in addition to deploying multiple legacy systems. These orders include an additional 26 of the business’s flagship DVM-800 26 VuLink auto-activation systems and event recorders. The DVM-800 system is a solid-state unit used to capture critical events that take place. Paired with the business’s patented VuLink system, the DVM-800 system will automatically begin a recording when triggered by a variety of actions.
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