Everyone is aware of the issues surrounding police brutality against citizens. In recent news there have been multiple cases of police officers abusing their authority and taking it out on unarmed Americans. Citizens are rioting, protesting, burning and terrorizing police officers nationwide. Most recently in North Charleston, SC a Caucasian officer Michael Slager shoots an unarmed black man Walter Scott in the back while the man was trying to flee away from the cop. The Mayor of North Charleston has ordered that all police officers now must wear body cameras with a microphone. President Barrack Obama has stated the government will fund $263 million in funds for 50,000 body cameras. This leaves a golden opportunity for companies already in the security surveillance industry to try and receive some of that funding.
Companies like DirectView Holdings Inc. (OTCMKTS:DIRV) offer technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and other services. DIRV has directed most of its attention in the booming marijuana space providing dispensaries with their security surveillance services. The company just recently announced its plan to enter into the next generation body camera/wearable camera and video storage market. Now imagine if a company like DIRV can grab hold of some of that government funding which will allow the company to develop and expand their product line. If DIRV gets a small percentage for instance, 5% of that government funding it will have the potential to generate $13.1 million dollars.
Then we have a company called, TASER International (NASDAQ:TASR) who provides police departments with body cameras. The company announced this week that it has provided Alabama’s Mobile police department with 300 of their signature AXON cameras. The stock has surged over the last month seeing gains over 27%. The stock is nearing its 52 week high but with how serious the government is taking this police brutality issue, it may not be long before it breaks through that resistance level and spikes even higher. In addition to the aforementioned, Digital Ally Inc. (NASDAQ:DGLY), according to CNNMoney; will provide 10% or 9,000 police departments with body cameras. DGLY has seen a price spike of 27.79% since this SC incident, and the announcement of providing body cameras.
Now obviously companies like (TASR) and (DGLY) have a much larger market cap than a company like DIRV, but what’s attractive is the fact that the government is willing to fund this project. As a result, if you’re a company like DirectView Holdings Inc. TASER, or Digital Ally why not try and get involved and receive money from the government to fund product expansion if it’s in the greater good of the United States and their citizen’s safety. President Obama feels that implementing body cameras for police officers will actually improve the relationship between civilians and police authority. It’s evident that there are changes that need to be made with police interaction and body cameras might be the first of many steps in improving our Police Departments and safety for the people.