Force Protection Video (OTCMKTS:FPVD) Hoping To Recover

Force Protection Video (OTCMKTS:FPVD) has been a horrible investment for investors. Toxic dilution have taken shares to the woodshed and destroyed shareholder value. When shares were much higher, FPVD sold 450,000 shares at $.10 a piece. Those investors got to cash out while existing shareholders were left holding the bag.Unfortunately, the death spiral may still not be over. The company still has $600,000 worth of notes that are convertible into shares at a 40% discount to market. Now, shareholders are asking what's next.This month, FPVD announced an agreement with VeriPic Inc. VeriPic is a leading supplier of enterprise photo and evidence management software to Law Enforcement Agencies. Military, Medical Institutions and Corporate customers. VeriPic products handle evidence in thousands of criminal cases throughout the country. VeriPic is the holder of multiple patents for their evidence management solution software. CEO Paul Feldman said:

"Our current model Camera the LE10 and the soon to be released LE50 will now be compatible with VeriPic Evidence Management Software. Force Protection has been targeting the smaller police departments (most Police departments in the US are 20 man and under) with the LE 10. Now with the introduction of the soon to be released LE50 and the VeriPic Evidence management software and storage will allow Force Protection Video to enter in the larger departments throughout the U.S. our technology is better than the competition.”

The LE10 is a small bodyworn high definition (HD) camera which is half the size and half the price of most law enforcement cameras currently available. The LE10 is rich with features such as still picture ability 8MP, WIFI, 4x zoom and audio recording. The LE10 does not require special software or expensive storage contracts. The video files can quickly be downloaded into a standard Law enforcement case file and the micro SD cards are sealed in the provided static evidence bags and then securely stored in the department’s evidence locker.The LE10 is now also compatible with VeriPic video software management. The Force Protection Video LE10 and LE50 cameras both incorporate Ambarella made chips that allow cameras and other devices to record high definition video. It is the chip supplier of the popular GoPro sports cameras.Last month, FPVD said that it had received multiple orders for the LE10 camera and accessories. The LE10 on the body camera had been chosen over several other manufactures based on price and accessories. The departments are located in a major ski resort town in New Mexico and police departments located in Louisiana, Texas and North Carolina.FPVD also introduced its latest camera system to Law Enforcement and Security Agencies. The C1, Citadel camera system is designed to combat and deter Graffiti, illegal dumping and other property crimes, the self-contained system is solar powered (the solar power package is eligible for a 30% Federal energy Tax Credit). The C1 Citadel can be easily relocated between problem locations. No external power is required. FPVD said that the C1 is designed to combat one of the major property crimes in the United States.An estimated $12 Billion is spent a year on cleaning up graffiti in the United States. The C1 can also deter and notify law enforcement to remote illegal border crossings, illegal dumping and other property crimes such as vandalism, copper thefts, burglaries in warehouse districts and railroad yards. Equipped with cell and text notification, a spotlight for nighttime and a warning speaker, this system is a proven deterrent and an extremely valuable tool for security and law enforcement officers.Currently trading with a market cap of around $1 million, FPVD has minimal assets and revenues. The company really needs to deliver some contracts with real revenues to turn things around. We will be updating Insider Financial as soon as we know more. Sign up for our free newsletter today and get our next hot stock pick. The best way to make up for losses is by cutting your losers and finding a new winner!Disclosure: We have no position in FPVD and have not been compensated for this article.