VISL Stock Price Increases Over 15% Pre-Market: Why It Happened

By Amit Chowdhry ● March 2, 2021
  • The stock price of Vislink Technologies Inc (NASDAQ: VISL) has increased by over 15% pre-market. This is why it happened.

The stock price of Vislink Technologies Inc (NASDAQ: VISL) – a global technology leader in the collection, delivery, and management of high quality, live video and associated data in the broadcast, law enforcement, and defense markets – has increased by over 15% pre-market. Investors appear to be responding to the company announcing today that it received an order valued in excess of $4 million from the U.S. Department of Defense for the supply of handheld intelligence, surveillance, and reconnaissance (ISR) receiver devices and accessories.

This represents yet another order by U.S. armed forces for these ruggedized and lightweight receivers which are designed to display the high-resolution, real-time video imagery transmitted by aerial platforms.

Vislink’s mission-critical and ultra-low latency equipment supplies broadcast quality video to enhance situational awareness and improve tactical and operational results in a range of applications. And as an industry leader, Vislink offers a wide range of technological solutions, including wireless cameras, satellite communications, airborne systems, microwave point-to-point, central receive sites and portable systems.

KEY QUOTE:

“Vislink’s enduring relationship with the military is a testament to our high-quality wireless video communication solutions and the continued crucial need for real-time and secure video data delivery of actionable intelligence. We are honored to continue to be chosen by the United States’ military forces to serve as a go-to source for best-in-class video performance technology.”

— Mickey Miller, CEO of Vislink

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.