Digital Ally DGLY Stock News

Digital Ally, Inc. (NASDAQ: DGLY) stock is headed up early on this morning, and for good reason. The company announced that it has received a significant order for a COVID-19-related safety product. Here’s what’s going on:

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DGLY Stock Gains On Significant Order

In the press release, Digital Ally said that it has received an order for 500 units of its non-contact temperature-screening instrument, known as ThermoVu. The order came from TrustThink Products, a domestic distributor for DGLY.

In the release, the company said that the order came in response to the ongoing pandemic and recommendations set forth by the CDC and other health organizations. These recommendations surround the increase of COVID-19 safety efforts in schools, offices, and other public venue.

In the release, the company said that the order is expected to be shipped in the third quarter of this year.

The company went on to explain that its ThermoVu product is a non-contact temperature-screening instrument. The instrument measures temperature through the wrist and controls entry into facilities when temperatures exceed pre-determined parameters.

Moreover, the product has optional features including facial recognition. Moreover, the product offers an instant pass/fail audible tone, a temperature display, and controls access to facilities based on screening results.

In a statement, Stan Ross, CEO at DGLY, had the following to offer:

We applied our years of experience with the latest cutting-edge sensor technology, real-time embedded electronics, and video AI analytics in developing the ThermoVu™ technology as the most powerful combination of fast, accurate, reliable and user friendly. There is already overwhelming demand for this product as we all work together to create a safer environment for everyone in response to this unprecedented challenge.

The above statement was followed up by Joe Bisogno, CEO at Trust Think Partners. Here’s what he had to say:

We are proud to be a part of ensuring that people are safe, whether in schools, hospitals, manufacturing facilities, restaurants or other public venues. We believe this opening order for 500 ThermoVu’s™ indicates the traction the ThermoVu™ product is gaining in the market place and we are excited to partner with Digital Ally to get ThermoVu™ to the people that need this safety technology the most right now.

This News Is Huge

We all know that the COVID-19 pandemic is far from over. As soon as it seemed as though things were under control, the US economy began to reopen and case counts began to fly. That’s where Digital Ally comes in.

The fact of the matter is that we can’t keep the economy closed for too long without jeopardizing economic stability and the incomes of millions. As such, we must continue to reopen.

However, we also need to do this safely. This includes wearing masks and screening temperatures. The thermal verification product, ThermoVu has the potential to be a key tool, allowing for this screening. As such, demand is likely to be high and revenue has the potential to grow.

Today’s announcement that 500 units have been ordered is just the first step in the right direction. I’m expecting to see further demand-related announcements ahead, sending DGLY stock through the roof.

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