SOURCE: TASER International

TASER International

March 24, 2011 07:30 ET

TASER International Receives International X3 Order

Announces Common Stock Repurchase

SCOTTSDALE, AZ--(Marketwire - March 24, 2011) - TASER International, Inc. (NASDAQ: TASR), today announced an order of TASER® X3™ electronic control devices (ECDs) and related accessories from an unnamed international customer. In addition, the Company announced the repurchase of 1.25 million shares of common stock pursuant to its previously announced $12.5 million stock buy-back program.

The order received provided for 100 TASER X3 ECDs with 1000 TASER® cartridges. Further customer information is not being released at this time. It is anticipated that this order will ship in the First Quarter of 2011.

"On March 3, 2011, the board approved a stock buy-back program for up to $12.5 million of the Company's common stock, and we are pleased to report our purchase of 1.25 million shares of common stock at a cost of approximately $5 million," said Dan Behrendt, Chief Financial Officer of TASER International. "Depending on market conditions, we expect to continue repurchasing TASER common stock beginning as early as late April of 2011. TASER intends to finance its stock repurchases with existing cash and future cash flow from operations."

More information and photos of the TASER X3 are available at: http://www.taser.com/products/law/Pages/default.aspx and http://www.taserbranding.com/x3-press-images/.

About TASER International, Inc.

TASER International, Inc., (NASDAQ: TASR) is a global provider of safety technologies that prevent conflict and protect life. More than 16,000 public safety agencies in 40 countries rely on TASER® electronic control devices (ECDs) and AXON on-officer camera systems to help protect and serve. TASER innovations benefit individuals and families too; providing personal protection and accountability while maintaining regard for life. Since 1994, more than 230,000 individuals have relied on TASER technology as a means for effective personal safety. Learn more about TASER International and its solutions at www.TASER.com, www.Evidence.com and www.Protector.com or by calling (800) 978-2737. Be a part of the TASER community by joining us on Facebook, Twitter and YouTube.

Note to Investors

To review the TASER International Safe Harbor Statement, please visit our Investor Relations Safe Harbor Statement at www.TASER.com/safeharbor.

For investor relations information please contact Katie Pyra by phone at 480-515-6330 or via email at IR@TASER.com, or Dan Behrendt, Chief Financial Officer of TASER International, Inc., 480-905-2002.

Contact Information

  • CONTACT:

    Steve Tuttle
    Vice President of Communications
    TASER International, Inc.
    Media ONLY Hotline: (480) 444-4000