By: Matt Rego
Force Protection Video Equipment Corp. (OTCQB: FPVD) markets and sells its lineup of body video cameras and their accessories to law enforcement agencies, consumers, etc. The body cameras have the ability to take HD video and capture audio. Shares of Force Protection Video Equipment Corp. (OTCQB: FPVD) have been on fire lately. The stock is up nearly 13% today during early trading, giving the company gains of around 222% over the past five trading sessions.
Over the past three months, Force Protection Video Equipment Corp. (OTCQB: FPVD) has seen average daily volume of around 3.53 million shares. However, nearly 14.1 million shares or dollar volume of around $141,000, have already exchanged hands during early trading on Thursday.
Shares of the body camera maker have been surging lately after the company received an order from the United States Forest Services for several LE 50 camera kits. Management credits the big order to the company’s presentation at the National Security Conference Expo, where they received lots of interest from government agencies. Here is the press release detailing of the order:
Force Protection Video Equipment Corp. (OTCQB: FPVD) Press Release
CARY, N.C.–(BUSINESS WIRE)–Force Protection Video Equipment (OTC Markets: FPVD), which sells HD body camera systems and accessories for law enforcement, announced today that it has received an order for the U.S. Forest Service for multiple LE 50 camera kits.
This order is a direct result of our recent attendance at a National Security Conference Expo. We have received tremendous interest from several U S Government agencies and expect to announce additional orders in the coming weeks.
The LE50 is a state of the art designed body camera strategically built around Ambarella chip sets (AMBA).
The LE50 key design features are:
Industry leading record time (10 hours @1080, 12 hours @720)
50 hours of standby time
32GB of internal tamperproof storage
White LED illumination
30 second pre and post record
Integration with VeriPic© Evidence Management Software.
The LE50 was developed using current guidelines that Law Enforcement nationwide have written into their requirements for purchase of Bodycams for their officers. Our camera and software via VeriPic® meets and exceeds these requirements. We are also the first company to build into a Body Camera an audio announcement feature. When the camera first starts to record an announcement clearly states “ATTENTION AUDIO AND VIDEO RECORDING HAS STARTED” – when the cameras recording mode is stopped it clearly states “ATTENTION AUDIO AND VIDEO RECORDING HAS STOPPED.” Our studies show when someone is made aware of a recording taking place their attitude and demeanor tend to turn more positive and less aggressive towards police officers.
The LE50 uses white diode lighting in our design. The reason mainly relies on a safety issue. Cameras that utilize IR lighting can be harmful due the brightness of the IR light and the fact that the human eye does not react to this source of light – there is a high probability that whomever looks at these lights can possibly damage or injure their sight.
VeriPic® is a leading supplier of enterprise photo and evidence management software to Law Enforcement Agencies, Military, Medical Institutions and Corporate customers. VeriPic© products handle evidence in thousands of criminal cases throughout the country. VeriPic® is the holder of multiple patents for their evidence management solution software.
The Force Protection Video LE10 and LE50 cameras are rugged HD design which incorporates Ambarella (AMBA) made chips that allow cameras and other devices to record high definition video. It is the chip supplier of the popular GoPro® (GPRO) sports cameras.
If you would like more information about this topic, please contact Paul Feldman at FORCE PROTECTION VIDEO EQUIPMENT or email at INFO@FORCEPROVIDEO.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160809006223/en/