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Taser Receives First Municipal Lease For Its X26 Energy Weapons

Taser's conducted energy weapons utilize compressed nitrogen to shoot two small probes up to 15 or 21 feet. These probes are connected to the weapon by high-voltage insulated wire. When the probes make contact, the Taser energy weapon transmits powerful electrical pulses along the wires and into the body of the target.
Scottsdale AZ (SPX) Sep 24, 2004
Taser announced Wednesday that it received its first municipal lease order for 324 Taser X26 conducted energy weapons and accessories from the Indianapolis Police Department in Indiana. Indianapolis Police utilized this lease program to supplement the 100 units currently deployed by the department.

"We are very excited to offer our tax-exempt municipal lease financing through Koch Financial Corporation, a renowned leader in municipal financing and trade, to assist law enforcement agencies, like the Indianapolis Police Department," said Tom Smith, President and co-founder of Taser International.

"This lease program allows agencies to obtain life saving Taser technology while staying within tightening budgetary limits,"

"We provide agencies with an extremely competitive and user-friendly program. Our new tax-exempt municipal lease financing program offers many benefits such as flexible repayment terms, up to 100% financing with no down payment, very competitive rates, and terms of up to five years for payment," continued Mr. Smith.

"The lease program has made it possible for us to get more Tasers in the field at a rate that would otherwise be impossible," said Indianapolis Chief of Police Jerry Barker.

"We are so pleased with the results of a test period with about 100 Tasers in the field that we've decided to arm about half of our patrol force with this less-than-lethal alternative in the arrest and control of dangerous criminals," concluded Chief Barker.

The purchase order totaled over $462,000 with $366,000 being shipped and recognized in the third quarter of 2004, and the remainder being shipped and recognized annually over years two through five.

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Distributed Energy Systems Awarded SBIR Phase II Contract
Wallingford CT (SPX) Sep 23, 2004
Distributed Energy Systems announced Wednesday the award of a Small Business Innovative Research (SBIR) Phase II contract from the U.S. Army Missile Defense Agency (MDA) to continue development of lightweight regenerative fuel cell technology for high altitude airships.



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