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Motley Fool Money

Axon President on AI, AR, and Drones as First Responders

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 15 December 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

Axon is on a mission to protect life. As the company works to make the bullet obsolete, the stock has soared, up nearly 160% in the past year alone and returning over 100x since going public in 2001.  Josh Isner is the President of Axon Enterprise and has been with the company for over 15 years. He joins Fool Analyst Jason Moser to discuss:  - Why Axon is like the Apple of law enforcement. - How immersive technology improves police training and retention. - The role of drones and humanoids in public safety.  Companies discussed: AXON, MSI Host: Jason Moser Guests: Matt Frankel Producer: Mary Long Engineers: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We're seeing virtual reality as a major disruptor in training.

0:05.0

And the reason is retention.

0:06.0

We see that when you train in virtual reality, retention goes up about 40% versus conventional in-person training.

0:14.0

And it makes sense because you're living those scenarios in a very real, convincing way.

0:19.0

You're not firing kind of fake taser probes at a person

0:23.7

running around in a Velcro suit or at a stationary target. Instead, you're confronting real-world

0:29.1

scenarios that are modeled after real incidents that have happened in policing, and you're

0:34.7

training on those under tremendous stress. And the best part of all is you can do it as many times as you want and in as many different

0:41.5

locations as you want.

0:45.9

I'm Mary Long and that's Josh Isner.

0:48.2

He's a president at Exxon Enterprise.

0:50.7

Exxon builds tasers and body cameras for law enforcement officers.

0:59.0

They also have a cloud-based evidence management system and immersive augmented reality technologies that help police departments better train and prepare officers for stressful, very high-stakes situations.

1:05.0

Full analyst Jason Moser caught up with Josh to discuss why Jason thinks of Axon as the apple of its industry,

1:12.7

the ways Axon is using artificial intelligence, augmented reality, and drones to save lives,

1:18.5

and how humanoids could be the next big innovation in law enforcement.

1:34.8

I like to view Axon as the Apple of Public Safety, and that's a compliment in every way.

1:36.8

You guys make market-leading hardware.

1:41.1

You've developed a tremendous ecosystem of software and services to support it all.

1:44.6

Can you just give us a quick breakdown of the actual business? What are the major segments of the business? And what are you guys excited about these days? For sure, for sure.

1:50.4

We do a lot of ax on it. I appreciate that compliment. That's about as lofty of a compliment as we

1:56.0

can have. So that's very nice of you. Thank you. And we do look at Apple as a good kind of analogy to how our

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