FORCE PROTECTION VIDEO
Force Protection Video is in the business of selling body cameras. The Company’s president, Paul Feldman has extensive background and ties with law enforcement, and as such, the Company now focuses its business on the sale of mini body cameras to law enforcement agencies. It does so through direct contact with these agencies to take advantage of Mr. Feldman’s 30 years of marketing experience to law enforcement. In addition, the Company has established a web site at www.forceprovideo.com whereby customers can view the Company’s products and place orders. We believe that given recent current events which have taken place between law enforcement agencies and the public, which has been widely reported by the media, there is a significant market for the Company’s products. In late March 2015, the Company placed an order with a manufacturer in China for 1,000 action cameras, some of which were delivered in the first quarter of fiscal 2016 and have already been sold to multiple police agencies. In the first quarter of fiscal 2016, the Company received multiple orders for the LE10 camera System.
The LE10 is a small body worn high definition (HD) camera which is half the size and half the price ($195.00) of most law enforcement cameras currently available. The LE10 is rich with features such as still picture ability 8MP, WIFI, 4x zoom and audio recording. The LE10 does not require special software or expensive storage contracts. The video files can quickly be downloaded into a standard law enforcement case file and the micro SD cards are sealed in the provided static evidence bags and then securely stored in the department’s evidence locker. The Company’s Video LE10 camera is a rugged HD design which incorporates Ambarella (NASDAQ “AMBA”) made chips that allow cameras and other devices to record high definition video.
Paul Feldman, the President and CEO of Force Protection Video, has designed and provided security equipment that has been used at the Olympics, Super Bowl, the US Open Golf Championship, US Mints, NATO Headquarters, Military bases and Embassies worldwide.
Force Protection Video also sells the LE10 on the body police cameras. The LE10 rugged HD design which incorporates Ambarella (NASDAQ AMBA) made chips that allow cameras and other devices to record high definition video. It is the chip supplier of the popular GoPro (NASDAQ:GPRO) sports cameras.
Force Protection Video anticipates receiving more orders in fiscal 2016 as the demand and public pressure for law enforcement agencies to wear body cameras grows. For example, in December 2014, President Obama asked Congress for funding to buy 50,000 body cameras for law enforcement. That was followed up by the Department of Justice’s May 2015 announcement of its $20 million pilot program for police body cameras. In addition, many states and local governments have also indicated that they intend to equip their law enforcement agencies with body cameras. With Mr. Feldman’s experience with these agencies, the Company believes it is well situated to take advantage of this environment and generate significant sales of its mini cameras to these agencies.
