Digital Ally, which specializes in mobile surveillance equipment, soared 79.05 percent again in U.S. trading on Tuesday to close at $33.41. Shares are up 928 percent from their Aug. 14 close of $3.25. In addition to Digital Ally, shares of Image Sensing, another U.S.-listed company whose main business is surveillance cameras, also tripled from $2.20 on Aug. 18 to $6.67 at the Sept. 2 close.
Mobile security is a collective term for mobile network-based on-the-go security systems, whose data-collection terminals (usually cameras) are in fact the "wearables" of security products. After the Ferguson shooting, Digital Ally has received many orders for mobile security products from police and the public in a short period of time. The company's CEO Stanton Ross said in an interview that the company's short-term sales figures will be disclosed in detail in its third-quarter earnings report, but what can be disclosed is that the rate of growth in orders is "exceptionally significant and encouraging.
In addition to mobile security cameras, Digital Ally's other big business is in-car cameras. The company had received a large order for in-car cameras from U.S.-based Vulink in July. With the popularity of the Internet of Vehicles, Digital Ally has introduced cameras that are fully integrated with the in-car system and can be controlled via wifi or language, enabling drivers to record their surroundings on demand as they drive.
And for domestic security companies, because its main customers and the United States as the same as the uniformed personnel, so in the product demand and research and development direction of the similarity is very high. In terms of the current domestic mobile security products launched, and Digital Ally's products are basically the same.
Dongfang Netli has public security science and technology, criminal investigation, traffic police and other mobile monitoring products. The products are mainly for the safe city market to provide urban video surveillance management platform products and solutions. Dahua is a leading enterprise in the domestic security video surveillance industry, mainly engaged in the research and development of security video surveillance products, production and sales, is China's security video surveillance industry standard participants and developers. The company's main products are embedded DVRs, and its sales scale has always been among the top two in China's security industry. Hainengda is the only manufacturer in the world that masters the core technology of digital communication standards such as TETRA, DMR and PDT at the same time, and is the main developer of China's standard PDT. The company had previously signed a total of 115 million yuan with the Xinjiang Public Security 350 trillion digital trunking equipment procurement contract. Reprinted (Shanghai Securities News)