Fails to Disclose Test Dates in Press Release
TAMPA, Fla., Feb. 21 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (OTC Bulletin Board: STIY) a leader in electro-stun technologies announced today that as required pursuant to Federal Rule of Civil Procedure 45(b)(1), Taser International (Nasdaq: TASR) has noticed Stinger Systems, Inc. in Taser International, Inc. v. Stinger Systems, Inc. (Federal Case CV07-0042-PHX-MHM) of Taser's intent to serve a subpoena duce tecum on the National Institutes of Justice for information on its dated tests comparing Taser's model X-26 projectile stun gun to early versions of Stinger's model S-200 projectile stun gun and that the study was commissioned over a year ago.
In publishing selected portions of the unfinished National Institute of Justice report of the comparison study in a press release yesterday, Taser failed to disclose that this as yet incomplete NIJ report was being updated with information about current versions of Stinger's S-200 projectile stun gun. The study was commissioned in 2005 prior to the S-200 even being designed (http://www.ojp.gov/nij/awards/2005_solicitation.htm).
In the press release, Taser also failed to publish reports of a recent medical research report documenting a scientific comparison of Taser's M26 and X-26 model stun guns and current versions of Stinger's model S-200 stun gun. A new study led by Wayne McDaniel, Ph.D. of the University of Missouri recently showed that the S-200 technology is much different from the Taser brand products. A recent study confirmed that peak amperage (current) by the Taser brand products was approximately 75% higher and 750% higher than the S-200 with the X-26 and M-26 models respectively. Taser International's sales literature states that it is amperage (current) that matters for electrical safety.
Ron Bellistri, acting C.E.O. of Stinger Systems, stated, "The Stinger S- 200 has demonstrated comparable knock-down power to the Taser devices. We now have independent data from individuals from a premier university that confirms that the S-200 achieves this level of incapacitation while delivering peak current levels to the animals that are only a fraction of the levels delivered by the Taser devices."
Robert Gruder continued to state for Stinger, "With its state of the art production models of the S-200 projectile stun gun, Stinger is making inroads into electronic incapacitation device markets. The Washington State Department of Correction recently selected Stinger's S-200 projectile stun gun for purchase over Taser's M-26 and X-26 projectile stun guns. The State of New Mexico has awarded Stinger Systems, Inc. a general services contract for its S-200 product. In my opinion, Taser's actions yesterday and its release of similarly incomplete information by direct marketing to law enforcement and correction agencies considering purchase of the Stinger S-200 projectile stun gun smack of utter desperation to maintain a market for its older and, in my further opinion, less competitive, M-26 and X-26 technologies."
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc- pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
|SOURCE Stinger Systems, Inc.|
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