For two decades, smart gun technology has advanced in fits and starts as wary investors kept purse strings tight and gun rights proponents at times fought its uptake.

President Barack Obama’s impassioned speech this week on gun control, however, could give the smart gun industry a boost; he called for smart gun R&D funding and opened up the U.S. government as a potential market for its adoption.

Obama directed the Defense Department, the Justice Department and the Department of Homeland Security to conduct or sponsor research into gun safety technology.

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