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Hardware & electrical equipment

ShotSpotter expands Verizon partnership with reseller agreement

The telecom giant will be a reseller of the company's flagship gunshot detection solution

Gunshot detection ShotSpotter Inc (NASDAQ:SSTI) is expanding its partnership with telecom giant Verizon Communications Inc (NYSE:VZ).

The collaboration will now include Verizon as a reseller of the company’s flagship solution ShotSpotter Flex.

READ: ShotSpotter beats second-quarter estimates, forecasts profitability by its fourth quarter

“We believe adding the leadership, reach and influence of Verizon as a ShotSpotter reseller will be a force multiplier for our business, allowing us to access and serve more cities across the country,” said ShotSpotter CEO Ralph Clark in the company’s press release.

ShotSpotter has developed the technology to pinpoint when and where a gun has been fired.

READ: ShotSpotter offers plenty of upside for investors ready to pull the trigger

Through the use of multiple sensors, machine learning technology and acoustic experts, the tech can detect the time, location, direction and angle of the explosion and send crucial information to 911 dispatchers and other first responders.

In January, the two companies reached an agreement to use Verizon’s Light Sensory Network, an IoT street lights platform, to bring ShotSpotter’s technology to city streets.

Shares of the California-based company fell around 2% to US$47.50 in Tuesday afternoon trading.

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