Welcome to our dedicated page for Wrap Technologies news (Ticker: WRAP), a resource for investors and traders seeking the latest updates and insights on Wrap Technologies stock.
Wrap Technologies Inc. (WRAP) delivers innovative public safety solutions through its BolaWrap remote restraint system, VR training platforms, and AI-powered evidence management tools. This news hub provides investors and public safety professionals with essential updates on the company’s operational milestones and technological advancements.
Access real-time updates on earnings reports, product certifications, and strategic partnerships. Track developments in WRAP’s law enforcement solutions including new market expansions, training program launches, and enhancements to its WrapAI evidence management platform.
Key content includes quarterly financial results, regulatory filings, product deployment announcements, and executive leadership updates. All press releases are sourced directly from official corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to WRAP’s latest developments in de-escalation technologies and digital policing solutions. Check regularly for updates on patents, international distribution agreements, and field implementation case studies.
Wrap Technologies, Inc. (Nasdaq: WRAP) will present at the virtual Inflection Partners Fall Investment Conference on November 17, 2021, at 2:15 pm ET. CEO Tom Smith and VP of Investor Relations Paul Manley will represent the company. The conference, taking place on November 16-17, features over 25 companies and supports the Travis Manion Foundation, which aids veterans and their families. Attendees can register online and schedule one-on-one meetings with WRAP management. The company specializes in public safety technologies, including the BolaWrap Remote Restraint device and Wrap Reality training system.
Wrap Technologies (Nasdaq: WRAP) announced that the Royal Canadian Mounted Police (RCMP) has exempted the BolaWrap 150 remote restraint device from being classified as a prohibited device or firearm. This classification comes less than a month after the product's launch and follows the earlier exemption of the BolaWrap 100. Canadian law enforcement, including the Sainte-Anne Police, has begun using the BolaWrap for officers. The company aims to meet training requests from law enforcement across Canada.
Wrap Technologies, Inc. (Nasdaq: WRAP) announced that the Sainte-Anne Police Department in Manitoba has become the first Canadian agency to utilize the BolaWrap remote restraint device. Following a successful training program, this deployment signifies a key milestone in WRAP's efforts to enhance public safety technologies. The event featured a demonstration attended by various police services, showcasing the BolaWrap's efficacy in safely restraining individuals without resorting to greater force. WRAP’s CEO emphasized the significance of this achievement amidst global operational challenges.
Wrap Technologies (Nasdaq: WRAP) has released new bodycam footage highlighting the successful deployment of its BolaWrap device by the Indianapolis Metro Police Department (IMPD). On October 24, 2021, officers utilized the BolaWrap to safely restrain a noncompliant individual without physical confrontation, marking its second use by the IMPD. President and CEO Tom Smith praised the officers for their effective communication and proactive approach to prevent escalation. The BolaWrap aims to enhance public safety through innovative restraint technologies.
Wrap Technologies, Inc. (Nasdaq: WRAP), a leader in public safety technologies, will present at the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 3 PM ET. CEO Tom Smith and VP of Investor Relations Paul Manley will lead the presentation. This event will showcase around 50 technology companies, discussing topics like public safety, cybersecurity, and AI. Wrap is known for its innovative products, including the BolaWrap® Remote Restraint device, aimed at helping law enforcement safely detain individuals. One-on-one meetings with Wrap management will also be available.
Wrap Technologies, Inc. (WRAP) announced an international order for 500 BolaWrap devices and 50,000 cartridges from a distributor servicing a national police agency. The revenue from this order is expected to be recognized in Q4 2021 and Q1 2022. The BolaWrap device, designed for public safety, has been shipped to 50 countries. CEO Tom Smith emphasized the agency's commitment to de-escalation and training, noting the expanding international market.
Wrap Technologies reported third-quarter 2021 net revenues of $1.8 million, reflecting a 79% increase year-over-year. The company launched the BolaWrap 150, its upgraded restraint product, and partnered with Amazon Web Services for its VR training platform. The number of trained agencies rose 109% to 940, with certified instructors increasing 139% to 3,250. Despite a net loss of $5.99 million, the cash reserves remained strong at $39.9 million. The company anticipates challenges due to ongoing pandemic impacts but remains optimistic about future growth.
Wrap Technologies has announced the donation of its Wrap Reality de-escalation training platform to the Frankfort Police Department in Indiana. This marks a pivotal moment as Frankfort PD becomes the first agency in Indiana to utilize this innovative virtual reality simulator. The platform aims to enhance officer training effectively, preparing them for real-life encounters through immersive scenarios. Additionally, WRAP is collaborating with Amazon Web Services to leverage cloud services, further improving training delivery for law enforcement.
Wrap Technologies (Nasdaq: WRAP) will host a Zoom video webcast on October 28, 2021, at 4:30 p.m. Eastern to discuss its third-quarter financial results for the period ending September 30, 2021. The webcast will feature CEO Tom Smith, CFO Jim Barnes, and VP of Investor Relations Paul Manley. A question-and-answer session will follow the presentation. Interested participants can register via the registration link.
Wrap Technologies, Inc. (WRAP), a leader in public safety technology, launched the BolaWrap 150 Remote Restraint device on October 12, 2021. This new device, an upgrade from the BolaWrap 100, features electronic deployment, significantly improved battery life, and enhanced user safety mechanisms. Over 600 agencies globally currently utilize BolaWrap devices. The BolaWrap 150 is designed to facilitate safer law enforcement practices by allowing officers to restrain subjects from a distance without causing injury, further establishing WRAP's position in the public safety market.
