DALLAS, April 14, 2016 /PRNewswire/ -- COPsync, Inc. (NASDAQ: COYN), which operates the nation's only law enforcement in-car information sharing and data communication network and the COPsync911™ threat-alert service for schools, government buildings, hospitals and other potentially at-risk facilities, announced a joint technology development agreement with LIFEWatch USA, one of the nation's leading providers of Personal Emergency Response Systems (PERS). The collaboration will focus on the development, marketing, and distribution of a hand-held device, tentatively named the COPsync Beacon, which may be used to remotely trigger a COPsync911 alert.
The development of COPsync Beacon is part of the Company's ongoing strategy to seek business relationships that enhance the functionality of its SaaS platforms and its marketing and distribution efforts. The Company sees the addition of remote alert devices to its COPsync911 threat-alert system as adding significant value by providing another mechanism for persons under threat to send an emergency alert through the COPsync911 threat-alert system, already installed in over 1200 locations in 10 states.
In the wake of recent school shootings and active shooter situations across the nation, LIFEWatch USA realized that its technology could improve and contribute to emergency response strategies in a meaningful way. "We knew we had a good solution for this market, but we felt like it could be enhanced," said Evan Sirlin, President of LIFEWatch USA. "Through our relationship with COPsync, we believe we are addressing all of the critical features to maximize safety and protection specifically for educators and their students. We believe the COPsync Beacon will allow a rapid response to situations such as an active shooter, whether on a college campus or a lone worker situation. The collaboration between COPsync and LIFEWatch will bring the safety, protection, and peace of mind LIFEWatch is known to bring to the elderly to the workplace, grade schools and college campuses."
"We cannot think of a better company to work with than LIFEWatch USA for adding a remote device alert capability to the COPsync911 threat-alert system," added Ronald A. Woessner, COPsync CEO. "In addition to combining our respective competencies, we expect the extensive LIFEWatch USA distribution channel will help us leverage our sales capabilities and expose the COPsync911 threat-alert system to a larger population of potential buyers. We look forward to working together with one of the most recognized American brands that have provided the medical alert services as seen on TV for the last 20 years."
About LIFEWatch USA
LIFEWatch USA is a second-generation company whose executives have over 35+ years of experience dominating the Personal Emergency Response Systems (PERS) field. LIFEWatch USA is a nationwide leading innovator and provider of emergency, safety and personal security solutions to the elderly, lone workers, children, college campuses, active shooter situations and many other lifesaving and independence improving services. LIFEWatch USA is also a pioneer in the industry regarding technological advances, offering mobile solutions with GPS, Wi-Fi locating technologies, 2-way voice and monitoring. The Company has gained, and maintained, a reputation for the highest standards of quality, safety and peace of mind.
About COPsync, Inc.
COPsync, Inc. (NASDAQ: COYN) is a technology company that improves law enforcement communication in a manner that saves officers' lives and helps them prevent and respond more quickly to crime. Officers have instant access to actionable, mission-critical data, share information, and communicate in real-time with other officers and agencies, even those hundreds and thousands of miles away. The COPsync Network™ also eliminates manual processes and increases officer productivity by enabling officers to write electronic tickets, accident reports, DUI forms, arrest forms and incident and offense reports. COPsync's threat-alert system, COPsync911™, enables schools, courts, hospitals, and other potentially at-risk facilities to automatically and silently send emergency alerts directly to local law enforcement officers in their patrol cars during a crisis, thereby speeding first responder response times and saving minutes when seconds count. The Company also sells VidTac®, a law enforcement software-driven in-vehicle video system. Visit www.copsync.com and www.copsync911.com for more information.
Safe Harbor Statement
Statements in this release that are not purely historical facts or that depend upon future events, including statements about forecasts of earnings, revenue, product development, sales or other statements about anticipations, beliefs, expectations, intentions, plans or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. Specifically, the statement "In addition to combining our respective competencies, we expect the extensive LIFEWatch USA distribution channel will help us leverage our sales capabilities and expose the COPsync911 threat-alert system to a larger population of potential buyers." This and all other forward-looking statements are based on information available to the Company on the date this release was issued. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the parties' ability to complete the development of the new product offering, the market acceptance of the new product offering and the Company's ability to obtain and retain customers for the new product offering. The Company may not succeed in adequately addressing and managing these and other risks. Further information regarding factors that could affect the Company's financial, operating and other results can be found in the risk factors section of the Company's filing on Form 10-K for the year ended 2015 and other filings the Company may make with the Securities and Exchange Commission from time-to-time.
Ronald A. Woessner
Chief Executive Officer
Ascendant Partners, LLC.
SOURCE COPsync, Inc.