WHITEFISH, MT / ACCESSWIRE / December 16, 2014 / The shooting of Michael Brown in August of 2014 in Ferguson, Mississippi has sparked heated debates around the nation. While there are disagreements about whether or not the police officer is guilty, everyone can agree that a police body camera would have made the case a lot easier to prove in either direction. Many police departments have learned a lesson and are now deploying these devices.

President Obama will request $263 million in funding to address the mistrust of police in urban communities. Part of that funding - $75 million - will be used to purchase on-body cameras for law enforcement officers as one of the measures taken in response to the shooting. The hope is that these cameras will make officers more conscious of their actions and document evidence at all times.

In this article, we'll take a look at some companies that could benefit from the increased adoption of on-body cameras by law enforcement.

Body Camera Makers

There are many different manufacturers of on-body cameras, ranging from small private companies to large public companies. While some of these cameras are mounted to police uniforms, others are worn in-ear or mounted to glasses to provide line-of-sight recordings. Investors looking to capitalize on the growing demand for these devices have a few different options.

TASER International Inc. (NASDAQ: TASR) is one of the largest players in the space. While the company only recently launched its AXON Flex body cameras, over 17,000 police departments have already purchased its flagship stun guns. Upselling these customers with its AXON Flex product line could equate to a big opportunity for shareholders over the coming quarters as adoption continues to increase.

L-3 Communications Inc. (NYSE: LLL) is another large player in the body camera space. After acquiring Mobile-Vision's line of dash-cams, the company launched the VIEVU body camera line-up. The company also has existing relationships with police departments - much like TASER - which could provide a key sales channel to support the sales of its relatively recent introduction of body cameras.

Better Opportunities

TASER and L-3 are both well positioned in the market for body cameras, however, since body cameras represent a relatively small portion of their respective revenue, investors may want to look toward smaller pure-play options in the space. One such company is Lamperd Less Lethal (OTC: LLLI), whose camera offers something these other companies' products do not. Their camera is capable of sending live streaming video and audio back to headquarters, giving them eyes and ears in the field and enabling better decision making and accountability. A benefit in high demand in the light of recent events.

With a market capitalization of just $5 million, any pick-up in sales from the Model X100 could send the stock significantly higher. The company also has a number of other near-term catalysts stemming from its line-up of non-lethal launchers. In past press releases, management has indicated that they are close to achieving large international sales that could also send the stock higher over the near-term.

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SOURCE: Emerging Growth LLC