SoundThinking Responds to New York City Comptroller Audit Report; Refutes Misleading Conclusions
17 July 2024 - 10:30PM
SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety
technology company, today announced that it issued a formal reply
to the New York City Comptroller’s June 20, 2024 audit report (the
“Report”) on ShotSpotter’s accuracy and effectiveness. The 47-page
response letter—which incorporates findings, independent studies,
and success stories and testimonials from a broad array of law
enforcement professionals, public officials, and the media—focuses
on the misinformed conclusions regarding ShotSpotter’s efficacy and
the role that it plays in providing the New York Police Department
(NYPD) with an important tool to fight New York City’s scourge of
gun violence.
SoundThinking’s response relies on empirical data, as well as
the feedback of New York City elected officials and law enforcement
professionals, to refute two misleading conclusions put forward in
the Report, namely that: (1) ShotSpotter results in “very low rates
of confirmed shots detected,” and (2) ShotSpotter leads to
negligible improvements in NYPD response times to reports of shots
fired.
The letter reveals that in arriving at the aforementioned
conclusions, the Report did not give full and proper weight to
NYPD’s input and expertise and ignored the most critical component
when judging the technology: “whether ShotSpotter provides
awareness of gunfire in real time, if it enables police to respond
quickly and safely, and, most importantly, how it saves lives.”
The information contained in SoundThinking’s response proves
that ShotSpotter achieves all these goals at a rate that—the
overwhelming majority of the time—exceeds the 90% accuracy standard
that the company is contractually obligated to deliver each month
per its agreement with NYPD.
SoundThinking’s response to Comptroller comes on the heels of an
open letter written by 11 Massachusetts law enforcement chiefs and
commissioners in support of the accuracy, effectiveness, and value
of ShotSpotter technology.
Read the formal response here.
About SoundThinkingSoundThinking, Inc. (Nasdaq:
SSTI) is a leading public safety technology company that delivers
AI- and data-driven solutions for law enforcement, civic
leadership, and security professionals. SoundThinking is trusted by
approximately 250 customers and has worked with over 2,100 agencies
to drive more efficient, effective, and equitable public safety
outcomes. The company’s SafetySmart™ platform includes
ShotSpotter®, the leading acoustic gunshot detection system;
CrimeTracer™, the foremost law enforcement search engine;
CaseBuilder™, a one-stop investigation management system;
ResourceRouter™, software that directs patrol and community
anti-violence resources to help maximize their impact; and
SafePointe®, a next-generation concealed weapons detection system.
SoundThinking has been designated a Great Place to Work® Company.
Please visit www.soundthinking.com.
Company Contact:Alan Stewart, CFOSoundThinking,
Inc.+1 (510) 794-3100astewart@soundthinking.com
Investor Relations Contact:Matt Glover and Greg
BradburyGateway Group, Inc.+1 (949)
574-3860SSTI@gateway-grp.com
SoundThinking (NASDAQ:SSTI)
Historical Stock Chart
From Jul 2024 to Aug 2024
SoundThinking (NASDAQ:SSTI)
Historical Stock Chart
From Aug 2023 to Aug 2024