Wall Street Signals: Stop the Violence: Lamperd Less Lethal Brings Accountability to Police & Non-Lethal Options to Militaries

Stop the Violence: Lamperd Less Lethal Brings Accountability to Police & Non-Lethal Options to Militaries

WHITEFISH, MT / ACCESSWIRE / April 13, 2015 / Lamperd Less Lethal Inc. (LLLI) has quickly become a leader in developing non-lethal weapons, ammunition, and other technologies for municipal and national governments around the world. With a primary focus on crowd control and accountability, the company provides investors with a unique opportunity to capitalize on important and rapidly growing end markets.
In this article, we'll take a look at the growing need for its body cameras in the U.S. and some large potential orders for its crowd control products abroad.
Growing Need for Accountability
The apparent murder of Walter L. Scott by police officer Michael T. Slager in North Charleston, South Carolina, has reinforced the need for body cameras to improve accountability in police departments nationwide. With police dashboard cameras having captured no footage of the incident, the only hard evidence of the murder was amateur footage captured by a stranger and later shared with the family.
The shooting comes on the heels of other high profile cases of lethal force used by police departments, including events in New York, Cleveland, and (Ferguson) Missouri. While a White House task force has been created to address the issue, the only real long-term solution may come from mandatory body cameras that have been documented to encourage better behavior and prevent excessive violence.
According to a study by the Police Foundation, on-body cameras were shown to reduce the total number of incidents of use of force compared to control conditions by 50%, and nearly ten times less citizens' complaints were generated compared to the prior 12 months. These behaviors stem from fundamental tendencies to exhibit more desirable behaviors when under known surveillance.



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TASER International Inc.'s (NASDAQ:TASR) Axon Flex is probably the most widely known on-officer camera in the market. Priced at $599 a piece (compared to $399 for Lamperd's unit), the point-of-view on-officer cameras improve the transparency between law enforcement agencies and their communities, while protecting officers from false claims. These technologies have already been installed on thousands of officers since its introduction.
Lamperd Less Lethal's recently introduced MSS100 Mobile Surveillance System doesn't have as much market share, but offers potentially greater functionality relative to the TASER product. With 32GB of built-in memory for a secure chain of evidence, the camera is tamper-proof and equipped with GPS functionality that provides time-stamped locations to ensure accuracy when recording.
With an increasing number of police departments adopting or planning to adopt these types of technologies, the company could see revenue expand as it gains traction in domestic markets for its MSS100 Mobile Surveillance Systems.
Potential for Large Military Orders
Lamperd Less Lethal has been actively marketing its wide range of non-lethal weapons and ammunition, including its recently released lightweight launchers, by attending international security conferences around the world. With many countries becoming increasingly concerned with social unrest, these types of crowd control products are in high demand to keep the peace.
On April 1st, the company announced that a government customer requested two proposals with a combined value of $37 million following its attendance of two major tradeshows held in Dubai - Intersec 2015 and IDEX 2015. These customers are interested in many different products, ranging from weapons and ammunition to its on-body cameras designed to improve accountability.
UAE police forces are testing and anxiously awaiting the MSS400Wifi/4G capable units for their officers and police boats, while composite ammunition products are being reviewed by officials in Oman and Egypt as an upgrade to their current munitions. Orders for the MSS100 will be fulfilled upon completion of the MSS400. By the company's estimate, the Royal Oman Police utilize over five million rounds per year in training exercises alone - a large potential market.
While these orders have yet to materialize in the form of hard revenue, they do represent a significant potential upcoming catalyst for the stock. Companies like National Presto Industries Inc. (NYSE:NPK) or Smith & Wesson Holding Corp. (NASDAQ:SWHC) may not find a $37 million order as significant as Lamperd Less Lethal with a market capitalization of just $10 million in total.
With the ongoing unrest in many countries around the world, there's significant and growing demand for the company's unique line-up of non-lethal weapons, ammunition, and supporting technologies.
Looking Ahead
Lamperd Less Lethal appears well positioned to capitalize on favorable tailwinds both domestically and internationally. With the launch of itsMSS100 Mobile Surveillance Systems and its new lightweight launchers, customers around the world have been actively testing its products and potentially preparing to place sizeable orders that could generate significant long-term shareholder value.
For more information, visit the company's website atwww.lamperdlesslethal.com.
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