TAMPA , Fla., Jan. 10 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (OTC Bulletin Board: STIY), a leader in electro-stun technology, today announced that Mr. Matthew McKay 's at Jeffries & Co. statement that Taser's challenged 7,234,262 patent only reads upon its low sales volume M-26 weapon is grossly inaccurate. The 7,234,262 patent is for the data recording feature, which is integral to the circuit design of both Taser's M26 and X26 weapons. The X-26 provides the vast bulk of Taser International, Inc.'s weapon sales. Tasers's patent 5,936,183 for a non-lethal landmine has already been cancelled, and the United States Patent Office has refused to reinstate the patent. On December 21, 2007 , Stinger Systems, Inc. filed PTO/SB/57 with the U.S. Commissioner of Patents for a reexamination of Taser International, Inc.'s (Nasdaq: TASR) intellectual property. With the allegations of inequitable conduct in a pending federal law suit, Taser's related patents 6,636,412 and 7,075,412 are also at risk of invalidation, as well as their wave shaping technology which some consider Taser's core technology.
Attorney James McNulty commented, "It is exactly this type of misinformation's being fed to the financial markets that can ultimately so hurt the small investor. I would urge anyone go to www.uspto.gov, the official site of the United States Patent and Trademark Office, where accurate copies of the concerned patents are available, and, themselves, evaluate the importance of these patents to Taser's continued operation. I would also urge the analyst's community to look at Taser's conduct in recent federal court cases to gain a sense of the character of Taser's governance or lack thereof. I, myself, having no equity interest in Stinger Systems, Inc. whatsoever, but having decades of experience with legal issues, business issues, personalities and technology here involved, consider these patent reexamination to be quite serious."
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc- pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
SOURCE Stinger Systems, Inc.