Vislink Technologies, Inc. (NASDAQ: VISL) is engaged in the development and distribution of advanced communication solutions. Shares soared 80% on Monday, June 3, 2019. Over the past three months, Vislink Technologies has seen an average daily volume of 20,470 shares. However, on Monday, 1,048,893 shares traded hands, equating to $3.11 million in dollar volume.
Shares soared after Vislink Technologies announced it has received orders with a total value of $650,000 for its HD airborne video downlink system (AVDS) from law enforcement agencies in California and Minnesota. The Vislink AVDS is “a fully integrated solution that includes a suite of downlink transmitters, receivers, and antennas that capture real-time, seamless high-definition video from helicopters and other aircraft.” John Payne, President and COO of Vislink Technologies, commented, “Our AVDS solutions remain the systems of choice when immediate, clear and reliable imagery of what is being viewed from aerial assets needs to be accessible to ground-based personnel.” Here is the full press release detailing the Vislink AVDS and the recent purchase orders:
Vislink Technologies, Inc. Press Release:
HACKETTSTOWN, NJ, June 03, 2019 (GLOBE NEWSWIRE) — Vislink Technologies, Inc. today announced that it has received orders valued at approximately $650,000 for HD (high-definition) airborne video downlink system (“AVDS”) equipment and related services from law enforcement agencies located in California and Minnesota.
The Vislink AVDS is a fully integrated solution that includes a suite of downlink transmitters, receivers and antennas that capture real-time, seamless high-definition video from helicopters and other aircraft. Vislink’s Air-to-AnywhereTM design allows the collected video to be distributed, viewed and managed across wide areas to all deployed assets (including mobile command units, emergency operations centers and handheld receivers) over secure IP networks, and can be streamed over cellular and WiFi networks for remote viewing on smartphones and tablets.
“We are thankful to our law enforcement clients for these latest orders,” said John Payne, President and COO of Vislink Technologies. “Our AVDS solutions remain the systems of choice when immediate, clear and reliable imagery of what is being viewed from aerial assets needs to be accessible to ground-based personnel. High video quality, extensive ranges and interoperability are hallmarks of our systems and can help provide actionable intelligence to law enforcement in critical situations and demanding environments.”
Additional information on the Vislink AVDS can be found at the following link: https://www.vislink.com/product/airborne-video-downlink-system-avds/
About Vislink Technologies, Inc.
Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. The company’s shares are publicly traded on the NASDAQ exchange under the ticker symbol VISL. For more information, please visit www.vislinktechnologies.com.
Article By: Andrew Rego