Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Digital Ally (NASDAQ: DGLY) shares are trading higher on Friday following the company's announcement that it has received a multi-year upgrade order from Pickering Police Department for its front to back-end video evidence solution.
The video evidence solution includes:
The order was purchased through Digital Ally’s subscription payment plan, which is available for first responders.
“We are very excited to upgrade our fleet of vehicles to the EVO-HD in-car system and continuing to expand the use of body cameras,” said Police Chief Tod Cheney, adding, “Digital Ally’s flexible subscription payment program allowed us to work within our budget to make these necessary purchases and upgrade our technology.”
Stan Ross, CEO of Digital Ally, said the company is “proud to continue to offer our subscription and deferred payment plans that give agencies the ability to purchase this technology in an affordable fashion. This order, and many others, demonstrates the need for budget-friendly payment plans for law enforcement.”
Digital Ally’s share price jumped to highs of $2.89 following the news.
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