SCOTTSDALE, Ariz., Nov. 10, 2006 (PRIMEZONE) -- TASER International, Inc. (Nasdaq:TASR), a market leader in advanced electronic control devices, announced that the United States District Court in the Eastern District of Louisiana granted TASER International's motion for summary judgment in the product liability lawsuit filed by Dardenella Gosserand against TASER International, Inc. This is the twenty-seventh wrongful death or injury lawsuit that has been dismissed or judgment entered in favor of TASER International.
In granting the motion for summary judgment, the court found, "The plaintiffs fail to even remotely establish that TASER International's product damaged Gosserand, which is a material element for liability. Accordingly, TASER International's motion for summary judgment is GRANTED. The plaintiff's claims against TASER International are hereby dismissed."
"Our legal team delivered a grand slam this week, with four consecutive cases being dismissed, including the unanimous jury verdict in the Alvarado trial," commented Rick Smith, Chief Executive Officer of TASER International, Inc. "Alvarado was the second case where we settled with our own insurance carrier in order to avoid settlement with the plaintiff. We view this strategy as key to our long-term deterrence of frivolous suits against the company. Plaintiff lawyers across this country are coming to understand that TASER International will vigorously defend these cases bringing world-class experts to bear, and doing what it takes to defend these cases through aggressive pre-trial motions as well as through trial when needed. TASER International will not be a profitable target for plaintiff attorneys looking for cost-of-defense settlements. Period," concluded Smith.
About TASER International, Inc.
TASER International provides advanced electronic control devices for use in the law enforcement, military, private security and personal defense markets. TASER devices use proprietary technology to incapacitate dangerous, combative or high-risk subjects who pose a risk to law enforcement officers, innocent citizens or themselves in a manner that is generally recognized as a safer alternative to other uses of force. TASER technology saves lives every day, and the use of TASER devices dramatically reduces injury rates for police officers and suspects. For more information on TASER life-saving technology, please call TASER International at (800) 978-2737 or visit our website at www.TASER.com.
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Note to Investors
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. 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. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) market acceptance of our products; (2) our ability to establish and expand direct and indirect distribution channels; (3) our ability to attract and retain the endorsement of key opinion-leaders in the law enforcement community; (4) the level of product technology and price competition for our products; (5) the degree and rate of growth of the markets in which we compete and the accompanying demand for our products; (6) risks associated with rapid technological change and new product introductions; (7) competition; (8) litigation including lawsuits resulting from alleged product related injuries and death; (9) media publicity concerning allegations of deaths and injuries occurring after use of the TASER device and the negative effect this publicity could have on our sales; (10) TASER device tests and reports; (11) product quality; (12) implementation of manufacturing automation; (13) potential fluctuations in our quarterly operating results; (14) financial and budgetary constraints of prospects and customers; (15) order delays; (16) dependence upon sole and limited source suppliers; (17) negative reports concerning the TASER device; (18) fluctuations in component pricing; (19) government regulations and inquiries; (20) dependence upon key employees and our ability to retain employees; (21) execution and implementation risks of new technology; (22) ramping manufacturing production to meet demand; (23) medical and safety studies; and (24) other factors detailed in our filings with the Securities and Exchange Commission, including, without limitation, those factors detailed in the Company's Annual Report on Form 10-K and its Form 10-Qs.
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.