FORCE PROTECTION V COM USD0.0001 (OTCMKTS:FPVD)
FORCE PROTECTION V COM USD0.0001(OTCMKTS:FPVD) stock fell 25% a day after the company announced it had received a purchase order for 160 LE50 Cameras and software from the Department of Homeland Security. The order builds up on an agreement the company signed with the Amsterdam Police for the evaluation of its LE50 HD body cameras.
Wednesday’s sell off pushed the stock to the lower end of its $0.03 – $0.05 trading range and closer to its 52-week lows of $0.01 a share. FORCE PROTECTION V COM USD0.0001 (OTCMKTS:FPVD) develops and sells mini video cameras and accessories to consumers and law enforcement agencies.
LE50 HD Body Cams
The devices are designed to capture high definition video and audio, enabling customers to capture content while engaged in other activities. FORCE PROTECTION V COM USD0.0001(OTCMKTS:FPVD)’s products include LE10 Law Enforcement Video Recorders and LE50 HD Body Cams.
The Department of Homeland Security order goes a long way in validating the company’s LE50 cameras designed to comply with law enforcement guidelines. The body camera features 32 GB of internal tamper-proof storage, GPS recording, as well as up to 10 hours of recording time.
Unlike other cameras that use IR lighting, LE5O uses white diode lighting which the company says protects the human eye from too much brightness.
The body camera runs on VeriPic software – a leading supplier of enterprise photo and evidence management software to law enforcement agencies, the military, and medical institutions. The camera also comes with unlimited tech support and a three-year warranty.
FORCE PROTECTION V COM USD0.0001 (OTCMKTS:FPVD) is offering the LE50 camera to law enforcement agencies for $18 a month as part of a three-year contract. According to the company, the cost structure acco is the most affordable compared to alternatives. The company has already received more than 100 orders for the Force PRO 1 system.
Implementation of the LE50 Camera by the Amsterdam Police department marks the first step in Force Protection Video Equipment Corp push to make a name for itself on the international scene.
“We are hopeful the successful implementation of the LE50 by the Amsterdam Police is the first step in our international marketing of the Force Protection Body camera systems,” said CEO, Paul Feldman.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.