Multiple California Agencies to Deploy Wrap Technologies’ BolaWrap
TEMPE, Arizona, December 23, 2019 — Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported that more than 15 police departments in California have received BolaWrap training as of December 22, 2019, and many are moving towards field deployment in early 2020.
Sacramento Police Department sent trainers to the Company’s headquarters in Tempe, Arizona last week to receive BolaWrap training, and plan to deploy the BolaWrap in the field next month.
According to ABC10 in a recently published story, “In 2018, mental health-related calls in the Capital City [Sacramento] reached their highest level in three years with close to 11,000 calls for service. Officials said they hope the BolaWrap could be another tool in the officers belt.”
“Sacramento is one of thousands of cities across the United States facing a rising number of mental health-related calls, causing police officers to essentially become the de-facto social services,” said Mike Rothans, Chief Operating Officer at Wrap Technologies. “We created the BolaWrap to help solve precisely this issue. When someone calls the police on their potentially violent, mentally ill family member or friend, officers equipped with the BolaWrap can now secure the individual in crisis without causing harm.
El Segundo Police Department Chief Bill Whalen recently ordered several BolaWrap devices for his department to be deployed in the field.
Chief Whalen told Fox News in a nationally published story last Monday, “If this does what we think it’s going to do and we’re able to safely take people into custody… I really do think that you’ll see this across law enforcement agencies nationwide and worldwide for that matter.”
“It’s exciting to see departments moving forward with field deployment,” said Tom Smith, President of Wrap Technologies. “At the same time, we are continuing to see an increase in requests for BolaWrap demonstrations, training, and quotes, especially following Los Angeles Police Department’s recent decision to deploy the BolaWrap in the field.”
The Company held multiple demonstrations and Train the Trainers for police departments across the United States this month – links to some of the events covered by the media can be found below:
West Palm Beach, Florida
New Canaan, Connecticut
El Segundo, California
Baton Rouge, Louisiana
Wake County, North Carolina
About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company’s BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company’s Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.
Trademark Information
BolaWrap is a trademark of Wrap Technologies, Inc. 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,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company’s most recent 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 Technologies, Inc.
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