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.
Wrap Technologies, Inc. (WRAP) announces the appointment of Clark Dever as the new Vice President of Product Management for Wrap Reality. Dever, with over seven years of experience in VR and AR, will enhance WRAP's VR training platform powered by Amazon Web Services. His background includes work with the U.S. Navy and Techstars, focusing on government markets. CEO Tom Smith highlighted Dever's expertise in VR product development and government sales as key assets for WRAP, which aims to provide cost-effective training solutions for law enforcement and security agencies globally.
Wrap Technologies (Nasdaq: WRAP) has announced an initial order from the Miami Police Department for BolaWrap products following a demonstration by Chief Art Acevedo. The BolaWrap device, designed to safely restrain individuals without using force, has seen successful field applications in other cities. Chief Acevedo emphasizes the importance of innovative tools for officer safety and community welfare. The BolaWrap is part of WRAP's commitment to providing effective public safety technologies and training solutions.
Wrap Technologies (Nasdaq: WRAP) recently showcased its innovative virtual reality (VR) training platform, Wrap Reality, in an interview featuring CEO Tom Smith, Miami Police Chief Art Acevedo, and Amazon Web Services (AWS) Leader Ryan Reynolds. The platform aims to enhance law enforcement training by providing immersive experiences that improve officer skills in conflict resolution and de-escalation. Smith highlighted increasing demand for Wrap Reality from agencies, further supported by a collaboration with AWS to improve functionalities. The positive feedback from law enforcement showcases its potential impact on public safety training.
Wrap Technologies, Inc. (WRAP) announced that the RCMP has classified the BolaWrap 100 as exempt from being a prohibited device or firearm. This August 2021 report allows for easier sales of BolaWrap 100 in Canada, expanding its market accessibility. The device is designed as a de-escalation tool, promoting safer interactions by reducing the potential for injury. Canadian Police Officers will now have access to this tool, which is viewed favorably compared to other restraint methods. The Company emphasizes training for appropriate usage among law enforcement.
Wrap Technologies (Nasdaq: WRAP) released bodycam footage showing a successful BolaWrap deployment by the Tempe Police Department, highlighting its effectiveness in non-lethal restraint. The incident occurred on July 5, 2021, when officers used the BolaWrap to safely restrain a noncompliant individual, ensuring her safe transport to a hospital. Tom Smith, CEO, praised the officers' decision-making and the BolaWrap's role in resolving crisis situations. Currently, the BolaWrap is utilized by over 570 agencies across the U.S. and internationally.
Wrap Technologies (Nasdaq: WRAP) has appointed Mario Knapp as Vice President of Training, tasked with overseeing the Wrap Training Academy and its global network of instructors. This move comes as demand for WRAP's BolaWrap remote restraint solution has surged among law enforcement agencies. With over 27 years of experience in law enforcement, Knapp aims to enhance training programs for the effective use of BolaWrap and Wrap Reality technology. His expertise is anticipated to drive growth and adoption of these innovative solutions within the industry.
Wrap Technologies (Nasdaq: WRAP) announces participation in Benzinga’s All Access Show on August 13, 2021, where CEO Tom Smith will address recent corporate updates and growth prospects. The company is known for its innovative public safety products, including the BolaWrap®, a remote restraint device, and Wrap Reality™, a virtual reality training platform. These technologies aim to enhance public safety by offering effective, non-lethal alternatives for law enforcement. The event is an opportunity for investors to gain insights into WRAP's future direction.
On August 10, 2021, Wrap Technologies, Inc. (WRAP) announced new bodycam footage demonstrating the effective use of its BolaWrap device by officers in Bayfield, Colorado, during a mental health crisis incident. The BolaWrap was successfully deployed to safely restrain an uncooperative woman, showcasing its potential in public safety scenarios. Over 570 agencies across the U.S. and 44 countries are currently testing and utilizing the BolaWrap. CEO Tom Smith praised the incident as a testament to the device's role in de-escalation and safe law enforcement practices.
Wrap Technologies, Inc. (WRAP) released its first Environment, Social and Governance (ESG) letter, highlighting its commitment to ESG initiatives. The letter outlines goals for diversity within the company and reports on past achievements. WRAP's President and CEO, Tom Smith, expressed enthusiasm for integrating ESG into their operations, emphasizing the company's mission to enhance public safety through innovative solutions. The ESG letter is available on their investor page, reflecting WRAP's long-term dedication to community impact and core values.
Wrap Technologies, Inc. (WRAP) has announced that Hillsborough County Sheriff’s Office will deploy 165 BolaWrap Remote Restraint Devices after a successful pilot program. The devices were demonstrated as effective in de-escalating crisis situations through released bodycam footage. Sheriff Chad Chronister emphasized the importance of the BolaWrap in enhancing de-escalation techniques within law enforcement. The company's BolaWrap technology aims to improve public safety interactions and reduce reliance on more severe force methods.
FAQ
What is the current stock price of Wrap Technologies (WRAP)?
What is the market cap of Wrap Technologies (WRAP)?
What does Wrap Technologies, Inc. do?
Where is Wrap Technologies headquartered?
What is BolaWRAP® 150?
What is Wrap Reality™?
What is the Intrensic solution?
How many agencies use Wrap Technologies' products?
Who is Wrap Technologies' partner in the Asia-Pacific region?
What is AI Auto-Tagging in the Intrensic system?
How can I contact Wrap Technologies for investor relations?
Where can I find more information about Wrap Technologies?
