Wrap Announces New International Sales in South America and EMEA Regions

TEMPE, Arizona – November 9, 2022 – Wrap Technologies, Inc. (Nasdaq: WRAP) (“WRAP” or the “Company”), a global leader in innovative public safety technologies and services, today announced initial orders from two new international customers in South America and EMEA, respectively. These orders build on WRAP’s current international sales momentum and are expected to begin contributing to net revenue growth in the fourth quarter of this year.

In September, the Company received an initial order from a new, large law enforcement customer in South America for one-hundred and twenty (120) BolaWrap 150 remote restraint devices including provisions for cassettes, holsters, and training services.

In October, WRAP also received an initial order from a new, large customer in the EMEA region for BolaWrap 150 remote restraint devices and related accessories. The initial contract value is more than $1.5 million, marking the single largest BolaWrap 150 order in WRAP’s history.

“These two orders underscore the significant momentum we’re building within international markets despite extended sales time frames and the many unique challenges within each individual region,” said TJ Kennedy, Wrap’s Chief Executive Officer. “The progress made by our trusted partners and the strength of our relationships are extremely encouraging as we look to expand sales further, both within these initial orders and internationally as a whole.

“On a higher level, these significant orders illustrate a growing commitment and desire for remote restraint and non-lethal technology that promotes safer outcomes. We are changing the tools that officers carry, and we want the BolaWrap to become the standard, non-lethal tool on every officer’s belt in the future. We expect more countries globally to add BolaWrap and to continue to drive adoption around the world.”