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Wrap Technologies, Inc. - WRAP STOCK NEWS

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. (Nasdaq: WRAP) is at the forefront of developing non-lethal public safety technologies. Headquartered in Tempe, Arizona, the company is renowned for creating innovative solutions tailored for law enforcement and security personnel across the globe. One of its flagship products, the BolaWRAP® 150 Remote Restraint Device, is a patented handheld tool that deploys a Kevlar® cord to safely restrain individuals from a distance of 10-25 feet. This device addresses the critical need for non-violent de-escalation in tense situations, making it an essential tool for over 900 agencies in the US and 60 countries worldwide.

Wrap Technologies is committed to creating safer communities through its diverse product lineup. The Wrap Reality™ virtual reality training system offers a fully immersive experience, providing first responders with realistic scenarios to hone their skills and improve decision-making in the field. This innovative platform significantly enhances public safety training by addressing the dynamic nature of modern law enforcement situations.

Adding to its portfolio, Wrap's Intrensic solution is a comprehensive body-worn camera and evidence management system. This platform ensures the accurate capture, secure handling, and reliable storage of evidence, fostering greater trust and transparency in law enforcement procedures. With features like AI Auto-Tagging, which leverages advanced machine learning to streamline video analysis, the Intrensic system supports compliance and reduces operational costs.

Wrap Technologies has established strategic partnerships to expand its reach and impact. Notably, its collaboration with Kokusai Security in the Asia-Pacific region aims to promote the adoption of Wrap's products, bolstering public safety and operational effectiveness across new markets.

Recent achievements of the company include the continued refinement and deployment of its BolaWRAP® device, advancements in virtual reality training through Wrap Reality™, and ongoing enhancements to the Intrensic platform. With a steadfast focus on innovation, Wrap Technologies remains dedicated to equipping law enforcement and security personnel with the tools they need to perform their duties safely and effectively.

For further details, visit wrap.com or contact their Investor Relations at 800.583.2652 or via email at ir@wrap.com.

Rhea-AI Summary

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.

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WRAP Technologies will present its BolaWrap remote restraint device and virtual reality training technology on October 7, 2021, at 11:15 AM ET during Benzinga’s ‘All Access’ Show. The company, recognized as one of eight 'Rising Stars', aims to showcase its innovative approach to public safety. CEO Tom Smith will discuss how the BolaWrap aids law enforcement in safely detaining suspects, reducing injury risks. The presentation can be accessed via this webcast link.

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Wrap Technologies, Inc. (WRAP) will host a live webcast on October 12, 2021, at 1:00 PM ET to unveil its next-generation BolaWrap device. CEO Tom Smith and VP of Training Mario Knapp will present the latest developments in the BolaWrap product family. Interested parties can register for the event. Prior to the webcast, WRAP will provide early information about the new device through its website and social media channels. Wrap Technologies focuses on public safety technologies and aims to enhance community protection through innovation.

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Wrap Technologies (WRAP) announced ongoing success with its BolaWrap device used in law enforcement. Recent deployments by the Glenwood Springs Police Department and LaGrange Police Department showcased effective outcomes in real situations, enhancing officer safety and compliance from subjects. Over 600 agencies in the U.S. and 44 countries now utilize BolaWrap, demonstrating increased confidence in its ability to minimize the need for higher force levels. CEO Tom Smith highlighted the growing adoption and positive impact of the device on public safety.

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Wrap Technologies, Inc. (Nasdaq: WRAP) will participate in two investor conferences in October 2021. CEO Tom Smith will present at the Lytham Partners Fall Investor Conference on October 5 from 2:20-2:25 PM ET. Interested parties can register via the provided webcast link. Additionally, WRAP will be present at the LD Micro Main Event on October 12 from 12:00-12:30 PM PT. For registration, visit this link.

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Wrap Technologies (Nasdaq: WRAP) has appointed Becky Newman as its Vice President of International Customer Relations. She will be responsible for supporting global customers as demand for the BolaWrap and Wrap Reality technologies grows. Becky's background includes roles as a Law Enforcement Critical Incident Manager and an advisor for the UK Government. The appointment aims to enhance the effective implementation of WRAP's innovative technologies in various law enforcement agencies worldwide.

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Wrap Technologies, Inc. (WRAP), a leader in public safety technologies, showcased bodycam footage of its BolaWrap device in a successful deployment by Bladensburg Police on June 13, 2021. The incident involved a person in crisis, and the BolaWrap allowed officers to safely restrain the individual without injury. Chief Tyron Collington praised the device’s efficacy and the officers' skills. Currently, over 600 agencies worldwide utilize BolaWrap. The company is also presenting its technology at the Maryland Municipal League’s annual conference.

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Wrap Technologies (Nasdaq: WRAP) recently highlighted a successful BolaWrap deployment by the Auburn Police Department in Washington on September 6, 2021. Officers used the BolaWrap to safely restrain a violent individual, showcasing its effectiveness in crisis situations. The technology enables law enforcement to detain suspects without injury while complying with new legislative requirements for de-escalation and less-lethal tools. With over 600 agencies adopting BolaWrap, the company continues to prove its role in public safety innovation.

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Wrap Technologies (Nasdaq: WRAP) has initiated a field trial of its BolaWrap device in Genova, Italy, which is the first Italian police agency to adopt this technology. The demonstration occurred on September 6, 2021, attended by key officials and aimed at evaluating the device's efficacy in real-world scenarios. The BolaWrap provides a non-lethal means for law enforcement to restrain individuals safely, positioning itself as an innovative tool in public safety. WRAP expects rapid adoption and increased international interest in their technology.

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TEMPE, Ariz., Sept. 07, 2021 - Wrap Technologies (Nasdaq: WRAP), a leader in public safety technology, will participate in the virtual Colliers Securities Institutional Conference on September 9 and the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Tom Smith will present on September 13 at 7:00 A.M. (ET). Interested attendees can register for the webcast, which will be available on WRAP's investor website for 90 days. The company focuses on innovative solutions like the BolaWrap® and WRAP Reality training system.

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FAQ

What is the current stock price of Wrap Technologies (WRAP)?

The current stock price of Wrap Technologies (WRAP) is $1.62 as of December 20, 2024.

What is the market cap of Wrap Technologies (WRAP)?

The market cap of Wrap Technologies (WRAP) is approximately 72.4M.

What does Wrap Technologies, Inc. do?

Wrap Technologies, Inc. develops non-lethal public safety solutions, including the BolaWRAP® 150 Remote Restraint Device, Wrap Reality™ VR training system, and Intrensic body-worn cameras.

Where is Wrap Technologies headquartered?

Wrap Technologies is headquartered in Tempe, Arizona.

What is BolaWRAP® 150?

BolaWRAP® 150 is a hand-held device that deploys a Kevlar® cord to safely restrain individuals from a distance, designed for non-violent de-escalation by law enforcement.

What is Wrap Reality™?

Wrap Reality™ is a virtual reality training system that provides immersive training scenarios for first responders to improve decision-making and tactical skills.

What is the Intrensic solution?

Intrensic is a body-worn camera and evidence management system that captures, handles, stores, and tracks evidence securely, enhancing transparency and trust in law enforcement.

How many agencies use Wrap Technologies' products?

Over 900 agencies in the US and 60 countries worldwide use Wrap Technologies' products.

Who is Wrap Technologies' partner in the Asia-Pacific region?

Wrap Technologies has partnered with Kokusai Security to distribute their products in the Asia-Pacific region.

What is AI Auto-Tagging in the Intrensic system?

AI Auto-Tagging is a feature that uses machine learning algorithms to automatically identify and label objects and activities in video evidence, streamlining the analysis process.

How can I contact Wrap Technologies for investor relations?

You can contact Wrap Technologies for investor relations at 800.583.2652 or via email at ir@wrap.com.

Where can I find more information about Wrap Technologies?

For more information, you can visit the Wrap Technologies website at wrap.com.

Wrap Technologies, Inc.

Nasdaq:WRAP

WRAP Rankings

WRAP Stock Data

72.44M
31.35M
30.82%
10.59%
10.48%
Scientific & Technical Instruments
Ordnance & Accessories, (no Vehicles/guided Missiles)
Link
United States of America
TEMPE