TASER International Inc.
) business unit - EVIDENCE.com - received a contract from the
London Police Department, one of the world's leading law
enforcement agencies.This contract got a positive response from
the market and TASER's stock price increased 3.1% on Apr 15,
Per the latest contract, the company will supply 500 units of
AXON body-worn video (BWV) camera, including the EVIDENCE.com
digital video storage service for the devices, to police officers
under a pilot program across nine London boroughs.
AXON BWV camera is an advanced and cost effective solution
offered by the company. These small but highly visible cameras
that run on a pocketsize battery pack, can be attached to
sunglasses, caps, shirt collars or even a head mount.
In addition, it can capture a wide-angle and full-color view
of what an officer is facing at the time of recording. The video
will automatically be uploaded to EVIDENCE.com device. An end
user cannot corrupt or delete the video files stored online or on
the AXON video camera systems.
Looking forward, management expects that the company will be
able to get more orders from the London Met Police if the pilot
program is a success.
Apart from the overseas order, TASER continues to get several
orders from the domestic market in the first quarter of 2014.
Recently, the company received orders from different law
enforcement state that are expected to yield strong returns on
This Zacks Rank #2 (Buy) stock ended 2013 with solid earnings
driven by higher sales. It surpassed the Zacks Consensus Estimate
by 59.1% over the last four quarters in 2013.
Some stocks in the same sector looking equally good include
TransDigm Group Inc.
Alliant Techsystems Inc
). While TransDigm Group sports a Zacks Rank #1 (Strong Buy),
Alliant Techsystems and AeroVironment carry a Zacks Rank #2
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