Science & Technology
Science and Technology
Science and Technology
Wed, May 26, 2010 Standard & Poor's Initiates Factual Stock Report Coverage on COPsync Inc.
NEW YORK--([ BUSINESS WIRE ])--Standard & Poora™s announced today that it has commenced Factual Stock Report coverage on COPsync Inc.
COPsync, Inc. (OTCBB: COYN) develops and provides software designed to enhance productivity and quality of work and create a safer work environment for the public safety community through real-time, in-car, public safety offense and incident data collection and sharing. As of April 2010, there were over 4,000 police officers utilizing the company's product or whose agency was committed to utilizing its product, primarily in Texas. The company's product became available for release in the second half of 2008. COPsync began generating license fee revenue from its product in the fourth quarter of 2008.
As of December 31, 2009, the company's COPsync product had successfully submitted, processed and relayed over 172,241 officer-initiated information requests. On average, the product is returning results to mobile users in less than five seconds, well within the 32-second average NCIC 2000 standard for mobile clients.
In 2009, COPsync executed software license agreements with 42 law enforcement agencies providing for the use of the company's product in the respective agencies. As of December 31, 2009, an additional 137 law enforcement agencies had executed COPsync's non-binding grant contingency agreement, under which those agencies commit to purchase COPsync's product if they can receive approval for funding grants that will cover the cost of hardware and any interfacing with existing software necessary to utilize the company's product.
This report will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit [ www.copsync.com ] for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poora™s service provides factual research coverage enabling information about COPsync Incand other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a companya™s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poora™s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poora™s. Standard & Poora™s Factual Report research has no access to non-public information received by other units of Standard & Poora™s. Standard & Poora™s does not trade on its own account.
Note:All U.S. and Canadian Companies listed on a National Exchange (not covered by S&Pa™s STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit [ http://www.standardandpoors.com ].
