SCOTTSDALE, Ariz., June 28, 2007 (PRIME NEWSWIRE) -- TASER International, Inc. (Nasdaq:TASR), a market leader in advanced electronic control devices, today announced the forming of a strategic alliance with iRobot Corp. (Nasdaq:IRBT). Under the terms of this alliance the two companies will work collaboratively to develop a new robotic capability utilizing TASER(r) technologies. This combination of capabilities will allow law enforcement, federal, and military users to employ TASER technology from an iRobot(r) platform at a safe distance to engage, incapacitate, and control dangerous suspects without exposing those personnel, the suspect, or bystanders to unnecessary risks.
As the first step in this alliance, the two companies have integrated TASER(r) X26 electronic control device (ECD) technology into the iRobot PackBot(r) Explorer. This proof-of-concept integration is being shown to Law Enforcement and Military customers to explore customer needs and requirements. The result of these customer interactions will lead to the development of products that may include a full line of TASER kits for iRobot platforms to a family of fully integrated robots.
"TASER International is very excited to be entering into this alliance with a forward thinking and proactive company such as iRobot," said Tom Smith, Chairman of TASER International. "We have been working on expanding the delivery platforms of our proven TASER Neuromuscular Incapacitation (NMI) technology. Integrating our technology with the increasingly necessary capability of remotely controlled or autonomous robotic systems is a natural fit. Further, working on this integration with a company that matches our customer commitment, technical capability, and innovative spirit is very exciting for us and will allow both companies to significantly expand in this market. Stay tuned for what I know will be exciting new product and capability offerings resulting from this collaborative effort."
About TASER International, Inc.
TASER International provides advanced electronic control devices for use in the law enforcement, military, private security and personal defense markets. TASER devices use proprietary technology to incapacitate dangerous, combative or high-risk subjects who pose a risk to law enforcement officers, innocent citizens or themselves in a manner that is generally recognized as a safer alternative to other uses of force. TASER technology saves lives every day, and the use of TASER devices dramatically reduces injury rates for police officers and suspects. For more information on TASER life-saving technology, please call TASER International at (800) 978-2737 or visit our website at www.TASER.com.
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Note to Investors
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. The forward-looking information is based upon current information and expectations regarding TASER International. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
TASER International assumes no obligation to update the information contained in this press release. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) market acceptance of our products; (2) our ability to establish and expand direct and indirect distribution channels; (3) our ability to attract and retain the endorsement of key opinion-leaders in the law enforcement community; (4) the level of product technology and price competition for our products; (5) the degree and rate of growth of the markets in which we compete and the accompanying demand for our products; (6) risks associated with rapid technological change and new product introductions; (7) competition; (8) litigation including lawsuits resulting from alleged product related injuries and death; (9) media publicity concerning allegations of deaths and injuries occurring after use of the TASER device and the negative effect this publicity could have on our sales; (10) TASER device tests and reports; (11) product quality; (12) implementation of manufacturing automation; (13) potential fluctuations in our quarterly operating results; (14) financial and budgetary constraints of prospects and customers; (15) order delays; (16) dependence upon sole and limited source suppliers; (17) negative reports concerning the TASER device; (18) fluctuations in component pricing; (19) government regulations and inquiries; (20) dependence upon key employees and our ability to retain employees; (21) execution and implementation risks of new technology; (22) ramping manufacturing production to meet demand; (23) medical and safety studies; (24) field test results; and (25) other factors detailed in our filings with the Securities and Exchange Commission, including, without limitation, those factors detailed in the Company's Annual Report on Form 10-K and its Form 10-Qs.
The statements made herein are independent statements of TASER International. The inclusion of any third parties does not represent an endorsement of any TASER International products or services by any such third parties.
CONTACT: TASER International, Inc.
Steve Tuttle, Vice President of Communications
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