Wrap Technologies’ BolaWrap Demonstrated In Canada For The First Time
TEMPE, Arizona, December 9, 2019 — Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, demonstrated the BolaWrap in Canada on December 5, 2019 to local law enforcement agencies. Wrap Technologies President Tom Smith conducted the demonstration, which was covered by the Winnipeg Free Press.
“We are excited to be able to bring the BolaWrap to Canada,” said Smith. “Agencies are all facing similar problems around the world: how do you de-escalate a situation and not hurt somebody?
“Canada embraces technology and is looking for solutions for law enforcement to de-escalate situations involving persons in crisis. The BolaWrap does not require pain-compliance and can end many potentially dangerous encounters prior to them requiring a higher level of force.”
The Company is currently working with 16 exclusive international distributors covering 26 countries and has delivered product to 17 countries thus far.
The Company received major international and national media attention last week following Los Angeles Police Department’s recent decision to train several hundred of their officers on the BolaWrap.
The BolaWrap was discussed across television, radio, online, social media, and print with translations across the US, Canada, Russia, China, Turkey, Great Britain, the Netherlands, Norway, Greece, Italy, Mexico, Iran, United Arab Emirates, Israel, Armenia, Egypt, Venezuela, Uruguay, South Korea, Taiwan, Vietnam, France, Indonesia, Japan, Slovenia and other countries. Links to some of the English online publications can be found below:
Los Angeles Times
BBC World News
CBS National News
CNN
Business Insider
USA Today
Daily Mail
LA Daily News
Sky News
“It’s clear that the international community is looking for less-lethal solutions,” said David Norris, CEO of Wrap Technologies. “We’re fortunate to be able to provide them with our revolutionary BolaWrap Remote Restraint technology, and we look forward to servicing the global demand.”
The Company also performed BolaWrap demonstrations last week for multiple agencies in North Carolina, hosted by Wake County Sheriff’s Office, and in Louisiana, hosted by Baton Rouge Police Department. Links to local coverage of those demonstrations can be found below:
ABC Eyewitness News 11
WRAL
WCNC
The Herald
The Charlotte Observer
The News & Observer
The Advocate
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.
Investor Relations
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