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Digital Ally, Inc. (DGLY) Launches New DVM-750 Advanced In-Car Video Systems

Digital Ally, Inc., a developer, manufacturer and marketer of advanced video surveillance products for law enforcement, homeland security and commercial security applications, announced that it has released the final version of its latest, most advanced in-car video system – the DVM-750. The company anticipates delivering the new systems to law enforcement agencies later this month.

Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc., commented, “Although the DVM-750 was originally scheduled for release in the fourth quarter of 2008, we elected to delay production until management was satisfied that the new system was engineered to the highest standards as the most robust, feature-rich, space-efficient, cost-efficient in-car video system in its class on the market. Customers have responded enthusiastically to the DVM-750 and its innovative features. We have a backlog of over $2 million in orders for the new systems that we expect to begin shipping later this month.”

In the press release, the company also announced that it has been awarded an initial statewide contract for the new in-car video system. Although the name of the state was not disclosed, at the request of the customer, the contract is for a period of twelve months, with two additional twelve-month extensions available if both parties agree. As terms of the contract, the DVM-750 can be purchased by all city, county and other state law enforcement agencies at the prices stipulated in the contract.

“This is Digital Ally’s first statewide contract for the DVM-750, and if the contract is extended over the full three-year period, we believe it could result in cumulative orders totaling in excess of $4 million,” emphasized Ross. “The Company currently has seven statewide contracts for its DVM-500 system.”

In conclusion, Ross stated, “Other new products scheduled for introduction in 2009 include the DVM-500Ultra, a waterproof, portable video and audio system designed for police motorcycles, ATV beach patrol units, the U.S. Coast Guard, and marine police agencies; FirstVu(TM), a professional, wearable digital video/audio system with GPS marking features and infrared illumination for low-light operation; VoiceVault(TM), an advanced wireless microphone with a transmission range in excess of one mile, on-board memory, and an ‘office down/emergency’ call button that provides the GPS location of the officer; and the DVM-250 Pro, an event recorder for mass transportation markets.”

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