SCOTTSDALE, Ariz., May 31, 2007 (PRIME NEWSWIRE) -- TASER International, Inc. (Nasdaq:TASR), a market leader in advanced electronic control devices, clarifies the protective order in TASER v. Stinger (Federal Case CV07-0042-PHX-MHM) patent infringement lawsuit. This order was granted to obtain schematics and samples of the competitor's product to evaluate for infringement of TASER International's issued patents. This is a standard operating procedure in litigation discovery when competitive information must be shared under protection by the courts.
Contrary to the mischaracterization in a press release Stinger issued this morning, the technology subject to discovery has nothing to do with TASER International's wireless eXtended Range Electronic Projectile (XREP) program. TASER International has been developing a wireless projectile system for the past five years, which was demonstrated by live firings for our military customers in January 2006. TASER International's wireless XREP technology is currently in limited production and well over 500 rounds were deployed in extensive pre-release validation. Several TASER XREP patents have already been issued and medical studies of its effects are in the peer review process for publication. There is nothing applicable in the information related to this legal discovery procedure that has any bearing on the XREP program.
"The fact remains that in our evaluation, and that of independent users, the competitor's technology does not stop aggressive attackers," commented Doug Klint, General Counsel for TASER International. "TASER International's patented waveforms have been studied by numerous researchers and institutions worldwide and have stood up to the rigors of the courts. The devices to be obtained under this discovery order are for use in our patent litigation against Stinger. TASER International has no interest in utilizing these less than effective, untested waveforms in our products now or in the future."
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(r) 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; and (24) 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.