Wrap Technologies, Inc.
(Nasdaq:
WRAP) (“Wrap” or the “Company”), a global leader in
innovative public safety technologies and services, proudly
announces the expanding deployments of its innovative BolaWrap® 150
Remote Restraint device in the field. This expansion heralds a
transformative era in law enforcement, emphasizing BolaWrap's
exceptional capacity in providing a safer and non-harmful approach
in a wide array of situations that officers encounter, including
those involving mental health crises, homelessness, and substance
abuse.
"Our mission has always been to equip law
enforcement with tools that promote both officer safety and
community welfare,” said Kevin Mullins, CEO of Wrap Technologies.
“We are seeing increased use of BolaWrap in the field as reported
by law enforcement agencies. The growing adoption of BolaWrap
highlights the importance of a non-lethal approach in modern
policing. We are thrilled to see our technology playing a pivotal
role in transforming how officers address challenging
situations."
BolaWrap, with its cutting-edge design and
technology, has rapidly gained recognition by police officers
nationwide. The remote restraint device enables law enforcement to
respond to incidents with a focus on minimizing harm and
safeguarding community well-being. This strategic increase
underscores Wrap’s commitment to enhancing public safety while
maintaining a compassionate and measured approach.
"We've witnessed a substantial shift in the
field since implementing BolaWrap and our officers’ desire to use
BolaWrap over other tools on their toolbelt. Its no-harm nature
assists our officers in effectively dealing with our community
which has made a noticeable difference,” said Chief Gary Tomatani
of the Hawthorne Police Department. “The positive impact on both
officer-citizen interactions and our overall community safety
cannot be understated."
BolaWrap has proven its effectiveness in
providing law enforcement officers with a means of safely
restraining individuals in crisis without causing injury. This
proactive approach aligns with the evolving landscape of law
enforcement where de-escalation, empathy, and community engagement
are paramount. As BolaWrap continues to be integrated into law
enforcement agencies across the country, Wrap Technologies remains
committed to its mission of improving public safety and elevating
the standards of modern policing.
For more information about Wrap’s BolaWrap
Solution, please visit wrap.com.
About Wrap
Wrap Technologies, Inc. (Nasdaq: WRAP) is a
leading global provider of advanced public safety solutions,
integrating ultramodern technology, cutting-edge tools, and
comprehensive services to address the complex, modern day
challenges facing public safety organizations around the world.
Guided by a no-harm principle, Wrap is dedicated to developing
groundbreaking solutions that empower public safety agencies to
safeguard the communities they serve in a manner that fosters
stronger relationships. Driving safer outcomes, empowering public
safety and communities to move forward together.
Wrap's BolaWrap® solution encompasses an
innovative and patented hand-held remote restraint device,
strategically engineered with Wrap’s no-harm guiding principle to
proactively deter escalation by deploying a Kevlar® tether that
safely restrains individuals from a distance. Combined with
BolaWrap® training, certified by the esteemed International
Association of Directors of Law Enforcement Standards and Training
(IADLEST), Wrap enables officers from over 900 agencies across the
US and 60 countries around the world, with the expertise to
effectively use BolaWrap® as an early intervention measure,
mitigating potential risks and injuries, averting tragic
outcomes. Saving lives with each wrap.
Wrap Reality™, the Company’s advanced virtual
reality training system, is a fully immersive training simulator
and comprehensive public safety training platform equips first
responders with the discipline and practice to prevent escalation,
de-escalate conflicts, and apply appropriate tactical use-of-force
measures to better perform in the field. By offering a growing
range of real-life scenarios, Wrap Reality™ addresses the dynamic
nature of modern law enforcement situations for positive public
safety outcomes. Building safer communities one decision at a
time.
Wrap’s Intrensic solution is a comprehensive,
secure and efficient body worn camera and evidence collection and
management solution designed with innovative technology to quickly
capture, safely handle, securely store, and seamlessly track
evidence, all while maintaining full transparency throughout the
process. With meticulous consolidation and professional management
of evidence, confidence in law enforcement and the justice system
soars, fostering trust and reliability in court outcomes.
Intrensic’s efficient system streamlines the entire process
seamlessly, empowering all public safety providers to focus on what
matters. Expediting justice with integrity.
Connect with Wrap: Wrap on
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Trademark Information
Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap
Training Academy are trademarks of Wrap Technologies, Inc., some of
which are registered in the U.S. and abroad. All other trade names
used herein are either trademarks or registered trademarks of the
respective holders.
Cautionary Note on Forward-Looking
Statements - Safe Harbor Statement This press release
contains “forward-looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995, including but not limited to: statements
regarding the Company’s overall business; total addressable market;
and, expectations regarding future sales and expenses. Words such
as “expect,” “anticipate,” “should”, “believe”, “target”,
“project”, “goals”, “estimate”, “potential”, “predict”, “may”,
“will”, “could”, “intend”, and variations of these terms or the
negative of these terms and similar expressions are intended to
identify these forward-looking statements. Moreover,
forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond the Company’s control. The Company’s actual results
could differ materially from those stated or implied in
forward-looking statements due to a number of factors, including
but not limited to: the Company’s ability to successful implement
training programs for the use of its products; the Company’s
ability to manufacture and produce product for its customers; the
Company’s ability to develop sales for its new product solution;
the acceptance of existing and future products; the availability of
funding to continue to finance operations; the complexity, expense
and time associated with sales to law enforcement and government
entities; the lengthy evaluation and sales cycle for the Company’s
product solution; product defects; litigation risks from alleged
product-related injuries; risks of government regulations; the
business impact of health crises or outbreaks of disease, such as
epidemics or pandemics; the impact resulting from geopolitical
conflicts and any resulting sanctions; the ability to obtain export
licenses for counties outside of the US; the ability to obtain
patents and defend IP against competitors; the impact of
competitive products and solutions; and the Company’s ability to
maintain and enhance its brand, as well as other risk factors
mentioned in the Company’s most recent annual report on Form 10-K,
quarterly report on Form 10-Q, and other SEC filings. These
forward-looking statements are made as of the date of this press
release and were based on current expectations, estimates,
forecasts, and projections as well as the beliefs and assumptions
of management. Except as required by law, the Company undertakes no
duty or obligation to update any forward-looking statements
contained in this release as a result of new information, future
events or changes in its expectations.
Wrap’s headquarters are in Tempe, Arizona. For more information,
please visit wrap.com.
Investor Relations Contact:
800.583.2652ir@wrap.com
Media Relations Contact: Leigh Anne Arnold5W
Public Relationswrap@5wpr.com
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