Jas Dhillon Will Also Serve as General Manager of TASER Virtual Systems Division
SCOTTSDALE, Ariz., Aug. 18, 2008 (GLOBE NEWSWIRE) — TASER International, Inc. (Nasdaq:TASR), the market leader in advanced electronic control devices (ECDs), today announced that it has named Jas Dhillon as Chief Strategy Officer and General Manager of the newly formed TASER Virtual Systems Division. Mr. Dhillon will lead the development and monitoring of the company’s strategic plans to enhance growth while overseeing all new product and business development.
Mr. Dhillon joins TASER International with 11 years of CEO experience and 12 years of Fortune 100 operational leadership, management consulting and venture capital experience.
Most recently, Mr. Dhillon was a Senior Executive at Miorosoft(r), leading the team responsible for Business Development, Strategy, Product Innovation, and Mergers/Acquisitions for Microsoft Office Live, one of Microsoft’s four strategic initiatives that spearhead Microsoft’s transition to a “Software plus Service” business model. He was responsible for the Business Social Networking, Sales and Marketing Offers, and Unmanaged Communications Services platforms.
Prior to Microsoft. Mr. Dhillon was the CEO and Founder of “ZeroDegrees Inc.,” a leading social networking company for business users, which was acquired by IAC InterActiveCorp. Mr Dhillon served as CEO for two years post acquisition and continued driving the growth of the company. Before ZeroDegrees, Mr. Dhillon was CEO and Founder of Blueline Online Inc., now CTSPACE Inc., a market leader in secure inter-enterprise project collaboration and one of the early innovators in delivering project supply chain collaboration solutions via “Software as a Service’ to Fortune 100 multinational customers. Mr. Dhillon was also Managing Director at both Pivotal Ventures, Inc. assisting Fortune 1000 firms in strategy development, M&A, and investment opportunity evaluation, and at Digital Cost Ventures, an early stage venture fund investing in consumer Internet and enterprise software companies. Mr. Dhillon also served in a variety of progressively senior Executive roles in market leading companies in management consulting, telecommunications, and semiconductors.
“Jas’s extensive executive experience provides TASER International a critical addition to our management team, enhancing strategic oversight of our significantly expanded research and business development programs,” stated Rick Smith, CEO and Founder of TASER International. “As our emerging technologies gain greater communication and computational capabilities, the development of sophisticated software architectures and a fully integrated product roadmap are imperative strategic initiatives for TASER International. Mr. Dhillon has been on the cutting edge of the web 3.0 transformation at Microsoft as they adapt their core product offerings to an internet delivery model. His vision, leadership, and management experience in his past diverse functional roles are now a tremendous asset for us. I am thrilled to have Jas on our team. The fact that we were able to attract someone of Jas’ calibre and experience to lead our new TASER Virtual Systems initiative is an important validation for me of our business strategies going forward.” concluded Smith.
About TASER International, Inc.
TASER International’s products protect life. TASER provides advanced Electronic Control Devices (ECDs) for use in the law enforcement, medical, military, corrections, professional security, and personal protection 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. For more information, 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 Acts), 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; (24) field test results; and (25) 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.
