YOUNGSVILLE,Law Enforcement Associates has acquired the patent rights to electrical discharge weapons from a company known as Tasertron.
LEA, a surveillance and security technology company, said it would issue 1.5 million shares of stock to acquire the weapons. They are described as electro-muscular disruption devices.
LEA stock (OTCBB: LENF) traded up 34 cents at $1.29 in afternoon trading.
“We are currently assembling a team of designers, engineers, trainers and marketing staff to quickly introduce our weapons to our current customer database of over 34,000 Law Enforcement and Corrections officers,” said Paul Feldman, president of LEA, in a statement.