TASER International, Inc. (NASDAQ:TASR), which makes communities safer with innovative public safety technologies, announced that it has received notice from the United States Patent and Trademark Office (USPTO) that the USPTO has rejected all 20 claims of U.S. Patent 8,781,292 which has been assigned to Digital Ally, Inc. (the “Digital Ally” patent”). This USPTO office action is in response to an ex parte reexamination request filed by TASER. Digital Ally has until October 17, 2015 to file a response with the USPTO.
The Digital Ally patent describes an apparatus to detect when a video recorder has begun recording and to communicate with any recording device in range indicating that the recording device should begin recording. The Digital Ally patent claims were found unpatentable by the USPTO due to prior art found by TASER.
TASER has improved upon the old technology described in the Digital Ally patent with new patent pending technology called Axon Signal which is a communication platform that allows auto-activation of Axon cameras by activation of conducted electrical weapons or a squad car’s light bar. Axon Signal will activate all enabled cameras within range to ensure that critical events and perspectives are captured. Axon Signal can be tailored to activate on any number of inputs, including weapon draw, biometrics (e.g., heart rate), and squad car sensors such as crash, speed, and door position.
“We are very pleased that the USPTO has accepted our request to reexamine the Digital Ally patent and rejected all 20 claims of the patent,” stated Doug Klint, General Counsel for TASER International, Inc. “We are constantly innovating our products and technology and have a long list of next generation inventions for which we are pursuing patent protection. We have more than 180 patents worldwide and have filed more than 35 patent applications since January 2015. Our goal is to build the most extensive patent portfolio for innovative public safety technologies including less lethal weapons, cameras, communication ecosystems and cloud-based software platforms. We have been successful in enforcing our patents against competitors, winning two patent infringement lawsuits. We will continue to aggressively protect our intellectual property rights and challenge those of our competitors,” concluded Klint. (Original Source)
Shares of Taser International closed yesterday at $22.50. TASR has a 1-year high of $35.95 and a 1-year low of $13.40. The stock’s 50-day moving average is $26.64 and its 200-day moving average is $28.57.
On the ratings front, Taser has been the subject of a number of recent research reports. In a report issued on May 26, Oppenheimer analyst Andrew Uerkwitz maintained a Hold rating on TASR. Separately, on the same day, Dougherty’s Gregory McKinley maintained a Buy rating on the stock and has a price target of $34.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Andrew Uerkwitz and Gregory McKinley have a total average return of 0.8% and 10.6% respectively. Uerkwitz has a success rate of 52.3% and is ranked #1782 out of 3742 analysts, while McKinley has a success rate of 40.0% and is ranked #1336.
TaserInternational Inc develops, manufactures & sells conducted electrical weapons (‘CEWs’) designed for use in law enforcement, military, corrections, private security & personal defense. Its manufacturing facilities are located in Scottsdale, Arizona.