Is this good news or bad news?? The way TASR is dropping, I think the street is sending a message they will stay away from TASR until all these matters are settled....and I again would like to point out that I fail to understand TASR management. The below release from tasr would not be necessary....they would be having NONE of these problems they are currently having ( aside from the possible channel stuffing and interesting timing of large insider sales...but again, a case could be made that there would be no interest in the timing of the insider sales, if there were no inquiries pending) if TASR would just come out and say the weapons can possibly be harmful/lethal and ask the gov't to slap some regulations on each model, depending on it's use.....Not only would none of these problems be present, but I am sure sales would be brisk as it is a good weapon ( if used properly and in the right hands) and all these folks holding off right now, would not be holding off...they would be buying TASR's, instead of waiting to see how this whole mess plays out....As it is, I think the longer TASR fights the "lethal/harmul" ascpect of their weapons, the more it will hurt them......I have heard ramblings that smith and wesson was maybe getting into the fray of this market and now I am hearing RUMORS that smith and wesson already has a test model of a similar weapon, and the funny thing is, from what I am hearing, they will not be declaring the weapon as "non-lethal"...Don't know if any of this is true, but if it is, I think smith and wesson is going about things the right way...why take on all that liability if you dont have to and can still have brisk sales....TASR just fails to realize this.
But, this news, with TASR 'fighting back' against what they feel was an unfair assesement of the safety of the weapon is a perfect example of what the street DOES NOT want to see....
<<Analysis Claiming 'TASER(TM) Danger' Miscalculates Safety Threshold by Factor of 100
Friday February 25, 3:06 pm ET
Report Applied Incorrect Standard to Evaluate TASER Output
SCOTTSDALE, Ariz., Feb. 25 /PRNewswire-FirstCall/ -- TASER International, Inc. (Nasdaq: TASR - News), a market leader in advanced non-lethal devices, today responded to a report presented at the American Academy of Forensic Sciences conference in New Orleans wherein Mr. James Ruggieri presented an erroneous paper claiming that the electrical output of the TASER M26 is above the fibrillation threshold for 50% of the population.
ADVERTISEMENT
"Mr. Ruggieri made a significant miscalculation, leading him to an insupportable conclusion," noted Max Nerheim, Vice President of Research and Development for TASER International, Inc. "Mr. Ruggieri's assertions are predicated on published safety guidelines in International Electrotechnical Commission (IEC) 479-1. Unfortunately, the standards published in IEC 479-1 are only applicable to low frequency, continuous duty cycle, AC electrical currents of less than 100 Hz, such as one would experience from an electrical wall outlet and not the output one would receive from a TASER device. Rather, the TASER M26 output is a pulsed, damped sine wave current with a frequency equivalent to 50,000 Hz. High frequency and pulsed outputs are covered under IEC 479-2, which indicates that the fibrillation threshold for currents similar to the TASER M26 are 100 times greater than the standard in IEC 479-1 errantly used by Mr. Ruggieri," continued Mr. Nerheim.
"In fact, there are three separate methodologies within IEC 479-2 which demonstrate the TASER M26 output to be significantly below the IEC fibrillation threshold. The appropriate standards under IEC 479-2 are consistent with data from both animal experiments and over 100,000 human volunteers, including myself and every other senior manager and engineer at TASER International, without a single incident of ventricular fibrillation. This is also backed by the over 66,000 actual field use applications by law enforcement. His misrepresentation was further evidenced by the remarks and questions raised by medical experts in attendance. It is disappointing that Mr. Ruggieri chose not to allow us to provide this technical feedback by reviewing his opinions before presenting them in a public forum."
"Furthermore, I was surprised that Mr. Ruggieri did not notice the error with his results as they are diametrically opposed to the dozens of independent studies of numerous government agencies that have concluded the TASER system, while not risk free, is generally safe. We invite interested readers to download a more in-depth analysis of this topic at taser.com; concluded Mr. Nerheim.
About TASER International, Inc.
TASER International, Inc. provides advanced non-lethal devices for use in the law enforcement, military, private security and personal defense markets. TASER devices use proprietary technology to safely incapacitate dangerous, combative or high-risk subjects who pose a risk to law enforcement officers, innocent citizens or themselves. TASER technology saves lives every day, and the use of TASER devices dramatically reduces injury rates for police officers and suspects and reduces litigation costs. For more information on TASER life-saving technology, please call TASER International at (800) 978-2737 or visit our website at www.TASER.com.
Note to Investors
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding TASER International. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.
TASER International assumes no obligation to update the information contained in this press release. TASER International's future results may be impacted by risks associated with rapid technological change, new product introductions, new technological developments and implementations, execution issues associated with new technology, ramping manufacturing production to meet demand, litigation including lawsuits resulting from alleged product related injuries, media publicity concerning allegations of deaths occurring after use of the TASER device and the negative impact this could have on sales, product quality, implementation of manufacturing automation, potential fluctuations in quarterly operating results, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon sole and limited source suppliers, negative reports concerning TASER device uses, governmental inquiries and investigations, medical and safety studies, fluctuations in component pricing, government regulations, variation among law enforcement agencies with their TASER product experience, TASER device tests and reports, dependence upon key employees, and its ability to retain employees. TASER International's future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-QSBs and its Annual Report on Form 10-KSB.
The statements made herein are independent statements of TASER International. The inclusion of any third parties does not represent an endorsement of any TASER International products or services by any such third parties
Visit the company's web-site at www.TASER.com for facts and video.
--------------------------------------------------------------------------------
Source: TASER International, Inc.
Email Story
Set News Alert
Print Story
Sponsor Results
Retirement Calculators Free for Your Use
We currently provide calculators for required minimum distributions, 72 (t), and much more.
www.nylim.com
Retirement Countdown Clock
The perfect gift. Your loved one will count down the exciting days, hours, minutes and seconds until their big day.
www.countdowntime.com
Retirement Calculator
Five things they haven't told you about managing money during retirement - including the solution. Free calculator and presentation.
www.isgplanning.com
(What's This?)
Related Quote
TASR 12.71 -0.67 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer
Related News Stories
· InPlay: TASER Intl breaks to fresh session low, nearing Feb/6 month low at 13.05 - Briefing.com (11:59 am)
· [$$] Best 3-Year/1-Year Performer: Taser International - at The Wall Street Journal Online (Sun Feb 27)
· Scott + Scott Announces Class Action Lawsuit Against Taser International - Business Wire (Fri Feb 25)
· [external] A Do-It-Yourself Analysis - at Motley Fool (Tue Feb 22)
More...
--------------------------------------------------------------------------------
· By industry: Computers, Law
Top Stories
· Federated to Buy May in $11 Billion Deal - Associated Press (10:29 am)
· Stocks Move Lower on Inflation Fears - Associated Press (12:10 pm)
· Biogen, Elan Voluntarily Suspend Tysabri - Associated Press (12:34 pm)
· Mylan, King Agree to Call Off Their Merger - Associated Press (12:19 pm)
More...
--------------------------------------------------------------------------------
· Most-emailed articles
· Most-viewed articles
>> |
