Digital Ally (NASDAQ: DGLY) shares jumped 35% this morning after the company reported an important victory in its legal battles against Axon Enterprise, Inc. (NASDAQ: AAXN). The US Patent Office has denied Axon’s petition for inter partes review (IPR) of Digital’s 452 Patent, which covers the automatic activation and coordination of multiple recording devices in response to a triggering event such as a law enforcement officer activating the light bar on the vehicle. Not only was the IPR denied, the Patent Office also found that “…the information presented [by Axon] in the Petition does not establish a reasonable likelihood that [Axon] would prevail in showing the unpatentability of any of the challenged claims on the grounds set forth in the Petition.” The company said it believes that this finding severely limits Axon’s practical availability of litigation defenses moving forward. “We remain committed to defeating Axon’s arguments and ultimately winning this lawsuit. We look forward to restarting our patent infringement litigation in U.S. District Court against Axon, which had been stayed pending the Patent Office IPRs. We will now take the necessary actions to move to a trial where a jury can finally end Axon’s willful infringement and assess damages due to us,” Digital Ally CEO Stanton E. Ross stated in the news release.
To view the full press release, visit: http://nnw.fm/8vPmG
The Axon network is a network of devices, apps and people that helps law enforcement become smarter and safer. The company’s mission is to protect life. Axon’s technologies give law enforcement the confidence, focus and time they need to keep their communities safe. To date, there are more than 100,000 licensed users from around the world and more than 184,000 lives and countless dollars have been saved with the Axon network of devices, apps and people. Learn more at www.axon.com.
About Digital Ally, Inc.
Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial applications. The company’s primary focus is digital video imaging and storage. The company is headquartered in Lenexa, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol “DGLY.” For additional news and information please visit www.digitalallyinc.com.
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