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Profile: Axon Enterprise Inc (AAXN.O)

AAXN.O on Nasdaq

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19 Jul 2019
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Axon Enterprise, Inc., formerly TASER International, Inc., incorporated on January 5, 2001, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution. The Company operates through two segments: the sale of CEWs, accessories, and other related products and services (the TASER Weapons segment), and the Axon business, focused on devices, wearables, applications, cloud and mobile products (the Axon segment).

TASER Weapons Products

The Company uses its Neuro Muscular Incapacitation (NMI) effects for two types of market segments: the law enforcement, military, corrections and private security markets, and the consumer market. The Company's CEWs transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. The Company's TASER Weapons product line includes TASER X26P, TASER X2, TASER C2, TASER Pulse and Replacement Cartridges. The X26P is designed for law enforcement and built on an all-digital platform. It has the ability to regulate charge output, perform health checks, update firmware over the Internet and provide analytics displaying how and when someone uses a device. Through the Company's Evidence.com platform records, such as event logs and pulse logs, can be viewed and analyzed. The X2 is designed for law enforcement and the military but available to the general consumers, provides users with the Smart Weapon features as the X26P. The X2 integrates law enforcement agencies' features, such as a backup shot, dual lasers.

The C2 is designed for the consumer CEW models. The C2 features the NMI effects as those available to law enforcement in a discreet appearance and compact and light form factor. The TASER C2 provides incapacitating effects that lasts in cycles of 30 seconds, which is intended to allow adequate time for the user to escape the threat. The TASER Pulse CEW is a sub-compact model with additional features as compared to the TASER C2, all at a comparable price point. It manufactures multiple cartridge types for varying ranges and purposes. Types of cartridges include, among others, standard cartridges, smart cartridges and training cartridges. Smart cartridges communicate with the fire control system within the TASER X2 indicating the type of cartridge loaded in each bay and its deployment status. Standard cartridges are designed for use within the X26P CEW systems and are also used in its X26E and M26 products. The Company also offers standard replacement cartridges for the C2 and Pulse consumer models. Its cartridges are available in variations for warm and cold climates, training scenarios and tactical situations.

Axon Connected Solutions

The Company's Axon Connected Solutions include Hardware Products, and Axon Software and Mobile Technologies. Its hardware products include Axon Body 2, Axon Flex, Axon Flex 2, TASER CAM HD, Axon Fleet, Axon Interview, Axon Signal and Axon Dock. Axon Body 2 builds upon the platform bringing officers features, such as high-definition (HD) video, wireless fidelity (Wi-Fi) offload capabilities, battery life and additional security enhancements. Both the original Axon Body and Axon Body 2 eliminate the need for the camera to be mounted above the shoulder of the individual and rather hook into the shirt of the officer at mid-chest level. These cameras also eliminate all wires from the wearer's body. The Axon flex camera system records video and audio of incidents from the visual perspective of the officer. Axon flex provides complete flexibility in how an officer chooses to wear the device, including an option to deploy as an attachment to Oakley Flak Jacket eyewear. The Axon Flex 2 builds upon the Axon Flex camera system and has capabilities, such as unlimited HD video, a 120-degree field of view, extended battery life, buffering and wireless activation. TASER Cam HD is a recording device, which integrates with Evidence.com that captures both video and audio of potential and actual TASER use incidents as an accessory to a TASER CEW. Axon Fleet is an in-car video system and includes automatic activation, HD video and a flexible design. Axon Interview is a video and audio recording system designed for the critical context of the interview room. With the Axon Dock, the camera charging station is also the automatic data downloader. At the end of a shift, the Axon Dock synchronizes video from the user's Axon Flex or Axon Body camera during routine charging. Videos are uploaded directly to Evidence.com, eliminating manual filing processes. Axon Signal is a technology that enables Axon Body 2, Axon Flex, Axon Flex 2 and Axon Fleet cameras to start recording automatically upon certain triggering events, such as the opening of a patrol car door, activation of a patrol car lightbar or when a TASER X26P or X2 Smart Weapon is unholstered.

The Company's Axon software and mobile technologies include Evidence.com, Evidence.com for Prosecutors, Evidence Sync, Axon Capture, Axon View, Axon Five, Axon Convert and Axon Detect. Evidence.com is an end-to-end solution that allows agencies to store all that data, enables workflows for managing and sharing that data. Evidence.com offers various license options ranging in price that tailors to the needs of agencies of all sizes. It offers its Basic, Standard and Pro licenses that contain incremental feature sets with Pro license. The Company also offers its Ultimate license that includes the Pro license features with Axon camera upgrades and extended warranty services. The Company's Unlimited plan contains the offerings under the Ultimate tier, and includes unlimited HD storage of Axon digital evidence uploads. The end-to-end evidence management solutions of Evidence.com allow prosecutors to manage evidence of any type, from any agency. Evidence Sync is a desktop-based application that enables evidence in any format, from any source to be uploaded to Evidence.com. Axon Capture is a mobile application built specifically to allow officers to capture digital evidence right from the field. The application eliminates the need to carry over three separate devices for photo, video and audio recording. Axon View is a mobile application that wirelessly connects with an Axon camera to provide instant playback of unfolding events from the field, in the field. Axon Five is a software application, which allows the user to analyze images and videos. Axon Five also automates time-consuming tasks, such as removing duplicated or mismatched frames. Axon Convert is a software solution that allows customers to convert unplayable file formats. Axon Convert also preserves the original and creates a report detailing the exact changes. Axon Detect is a photo analysis program for tamper detection.

The Company competes with Defense Technology.

Company Address

Axon Enterprise Inc

17800 N 85th St
SCOTTSDALE   AZ   85255-6311
P: +1480.9910797
F: +1480.9910791

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