Body-camera maker offers 1-year trial to police agencies

Body-camera maker offers 1-year trial to police agencies

Body-camera maker offers 1-year trial to police agencies

"When I say 'Taser, ' you immediately think about stun guns, electrical weapons".

The company cited a Pew Research poll of cops that concluded their jobs are harder than ever. Axon believes that technology can help address these problems. In time, cameras combined with artificial intelligence will make that very manual process automatic and effortless by creating video records to replace manual forms. Our goal is to triple the time officers can spend serving their communities by automating the burden of paperwork.

Axon is meeting the challenges officers face head-on.

The company may have initially made its name with the Taser device, but the move towards body cameras has been a lucrative one. Police officers can not independently obtain the cameras; it must be an official request from a department. So departments end up purchasing technology without the input of the people who use it every day, often with dismal results. A 2013 Department of Justice report found that one-third of all departments are using them, while Axon estimates that roughly 150,000 out of 800,000 officers - or about 20% - are now using them.

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In recent years, federal dollars went to police agencies both big (Los Angeles) and small (Village of Spring Valley, New York), encouraging the purchase of body-worn cameras. "Eighty percent are going out with a gun and no camera".

Smith said that, while the offer is only open to American law enforcement, Axon would consider foreign agencies on a case-by-case basis. "We believe body cameras offer a promising opportunity to increase transparency between police officers and the communities they serve". Today, the company's portfolio has grown to encompass a much wider range of technologies, including a rich ecosystem of connected devices and software applications.

The name change will be official in the stock market on Thursday.

Since the original Taser was released the company also expanded into body cameras and software management systems. Taser will now be the name of exclusively the one product.

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"There's something like a 15 to 1 return on investment for us by letting customers try this because ultimately, this is a network play", Smith told "Mad Money" host Jim Cramer on Wednesday.

If the move is successful, Axon could quickly crowd out its rivals entirely. Our mission is to protect life. "You didn't know you needed it, but once you had it, you're like, I'm not giving this back".

Axon employs nearly 500 hundred people and is valued at more than $1 billion. The company will now be called Axon, which is the name of the business unit that it runs out of Seattle.

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