"We are very excited to offer our tax-exempt municipal lease financing through Koch Financial Corporation, a renowned leader in municipal financing and trade, to assist law enforcement agencies, like the Indianapolis Police Departmen," said Tom Smith, President and co-founder of Taser International.
"This lease program allows agencies to obtain life saving Taser technology while staying within tightening budgetary limits,"
"We provide agencies with an extremely competitive and user-friendly program. Our new tax-exempt municipal lease financing program offers many benefits such as flexible repayment terms, up to 100% financing with no down payment, very competitive rates, and terms up to five years for payment," continued Mr. Smith.
"The lease program has made it possible for us to get more Tasers in the field at a rate that would otherwise be impossible," said Indianapolis Chief of Police Jerry Barker.
"We are so pleased with the results of a test period with about 100 Tasers in the field that we've decided to arm about half of our patrol force with this less than lethal alternative in the arrest and control of dangerous criminals," concluded Chief Barker.
The purchase order totaled over $462,000 with $366,000 being shipped and recognized in the third quarter of 2004, and the remainder being shipped and recognized annually over years two through five.