Digital Ally Forms Partnership to Provide COVID-19 Protection for First Responders
Digital Ally (NASDAQ: DGLY), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, announced a partnership with De Soto, Kansas-based Trust Think Products, the exclusive distributer of the Danolyte® disinfectant.
In response to the coronavirus pandemic the two companies have partnered to provide first responders with Danolyte to disinfect workspaces like patrol vehicles, ambulances and other surfaces with no harsh chemicals, harsh fumes, or chemical residuals.
This one-step disinfectant cleaner is designed for cleaning and disinfecting hard, non-porous environmental surfaces in health-care facilities. The disinfectant has demonstrated effectiveness against viruses similar to the 2019 Novel Coronavirus (SARS-CoV-2) on hard porous and/or non-porous surfaces and has been listed on the EPA’s List N: Disinfectants for Use Against SARS-CoV-2, the virus that causes the novel COVID-19 disease also known as the coronavirus.
Department of Justice Makes $850M Available to Help Public Safety Agencies Address COVID-19
The Department of Justice is making $850 million available to help public safety agencies respond to the challenges posed by the outbreak of COVID-19.
The Coronavirus Emergency Supplemental Funding program, authorized by the recent stimulus legislation, will allow eligible state, local and tribal governments to apply immediately for these critical funds. The department is moving quickly to make awards, with the goal of having funds available for drawdown within days of the award.
Personal protection equipment and supplies, such as disinfecting products, are one of the key funding goals of the program.
With 100x the power of bleach, Danolyte disinfectant is a powerful antimicrobial fluid for use across a broad spectrum of applications and is an ideal solution for law enforcement.
With a long track record of servicing the law enforcement community, Digital Ally is in an ideal position to generate sales from its expansive network of relationships.
Stan Ross, CEO of Digital Ally, stated “Amid the coronavirus pandemic, we have partnered with Trust Think Products to provide first responders with vital disinfecting products that they can trust to provide defenses against the spread of the coronavirus disease as well as many others. The ultimate goal is to use our existing relationships to provide first-responders and others with the safest working space possible during this time and we are confident this partnership will help achieve this goal.”
“With over 15 years of working with first responders, including EMS, taxi-cab, hospital paratransit, law enforcement officers as well as many commercial fleets, Digital Ally will be able to help expedite distribution of the highly effective cleaning solution needed to eliminate the coronavirus among many other viruses and bacteria,” commented Joe Bisogno, CEO Trust Think Products.
Solid Foundation for Continued Growth
Digital Ally is trading for around 1x its 2020 revenue guidance, despite strong double-digit growth.
As more investors learn of the opportunity shares should begin to trade at more realistic valuation relative to the company’s strong growth.
With big contracts from major customers in a variety of industry verticals, and more expected to follow in the coming quarters, investors need to act fast if they want to own shares at today’s prices. To find information relating to product orders click here.
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