Guardian 8 Holdings (OTCMKTS:GRDH) represents a softer side of law enforcement and security. It is the manufacturer of Pro V2 a non-lethal security weapon, which has been gaining attention from the international market. Seeing the international interest, the company has decided to send a third party representative to one of the largest populations in the world, India. The representative would present the device to the police and security forces of the country. Guardian 8 certainly has done its research on the market thoroughly; the stats from the company show that 1.5 million police officials, 500,000 security guards and 5 million other security officials, serve the country and are mostly unarmed.
In March 2013, at the 43rd all India Police Science Congress, the dignitaries expressed interest in non-lethal weaponry to fight crime. The conference comprised of police officials, academics, forensic scientists and criminologists. The meeting was aimed at addressing issues facing the law enforcement agencies in India. Most of the issues motioned in the congress can be solved through GRDH’s Pro V2. The device offers Bluetooth connectivity, for a remote alerting system and a video capture system. This can be used to decide if the security official acted justly with regard to the situation.
The motions presented at the meeting are amongst the main driving factors for the company’s move. Guardian 8 CEO, Steve Cochennet, expressed his beliefs that there is tremendous potential for the device in the country. Additionally, the interest of other countries to equip security officials with non-lethal weaponry means that soon there would be a universal standard. It would also mean that it becomes easier to resolve conflicts between the two parties involved. Additionally, the company has hired an Indian entrepreneur with 20 years of experience of marketing in India and a familiarity with the security industry.
Guardian 8 Holdings (OTCMKTS:GRDH) closed at $0.2 dropping a 42.83%, despite the news of potential increase in sales. The company currently trades, 43.63 million shares, with a 52-week range of $0.16-$0.94.