Taser Isn't Sweating Digital Ally's Lawsuit Ruling

Digital Ally, Inc. (NASDAQ: DGLY) shares are up 8.8 percent and TASER International, Inc. (NASDAQ: TASR) shares are also up 4.8 percent following a court ruling allowing Digital Ally to begin the discovery process in a patent infringement lawsuit against Taser.

Clearly, the market sees the news as a positive for Digital Ally, but Taser doesn’t seem to be sweating the allegations. The company quickly posted a statement on the ruling.

In the statement, Taser called the lawsuit “frivolous and egregious.”

“TASER values patent rights, including those of our competitors, and as such, we use a best practice intellectual property (IP) clearance process before starting any technology project,” Taser general counsel Doug Klint said in the statement.

Klint also noted that Taser has won each one of its previous patent lawsuits.

Related Link: Digital Ally Ruling Allows For Probe Into Claims Taser 'Bribed Officials, Conspired'

The Digital Ally lawsuit concerns Digital Ally’s U.S. Patent No. 8,781,292.

In other news this week, Taser welcomed one competitor that is copying Taser’s ideas. Back on October 3, Taser announced that it would be providing the New York City Police Department (NYPD) with 1,000 TASER Axon body cameras and accompanying software free of charge.

This week, competitor Vievu announced it would match Taser’s 1,000-camera donation to the NYPD.

In response, Taser’s VP of government affairs Isaiah Fields said the company is “thrilled” that it could be the catalyst behind 2,000 brand new cameras for the NYPD.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!