DOW JONES26,957.59-123.77 -0.46%
S&P 5003,116.39-11.82 -0.38%
NASDAQ8,980.78+15.16 0.17%

Digital Ally Awarded Contract To Supply Up To 5,000 Body Cameras For Expected Total Of $4M

Digital Ally, Inc. (NASDAQ:DGLY) (the "Company"), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, today announced

Benzinga · 02/04/2020 12:09

Digital Ally, Inc. (NASDAQ:DGLY) (the "Company"), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, today announced the receipt of the initial purchase order under a substantial contract awarded by the Director of Strategic Procurement of that country for the expected deployment of body cameras to its entire national police force. The contract will include up to 5,000 body cameras with Digital Ally's web-based software infrastructure service for a three-year period. The contract is expected to result in revenues exceeding $4.0 million commencing with delivery of the initial purchase order in February 2020 and the release of periodic purchase orders thereafter. Upon completion, this contract would be the largest body camera deployment in the Company's history and the largest contract for recurring service revenues for its web-based software related to the body cameras.