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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 (NASDAQ: WRAP) announced a successful BolaWrap deployment during a police response in Mountlake Terrace, Washington, on April 15, 2021. The device was effectively used to restrain a violent suspect without injury, showcasing its potential to enhance public safety. Chief Strategy Officer Mike Rothans highlighted the importance of BolaWrap in de-escalating dangerous situations, providing law enforcement with a safer approach. The company continues to focus on innovative public safety solutions, including the BolaWrap and its immersive WRAP Reality training system.
Wrap Technologies, Inc. (WRAP) announced the addition of four independent members to its Board of Directors, strengthening its governance and expertise in public safety technologies. New members include Jeff Kukowski, CEO of Cloudbolt Software; Kimberly Sentovich, a veteran executive from Walmart; Kevin Sherman, Interim CEO of Tractor Beverages; and TJ Kennedy, former CEO of Qumu, Inc. The Board now consists of nine members, with seven being independent. This strategic move aims to enhance the company's growth trajectory and operational capabilities as it serves the law enforcement sector.
Wrap Technologies, Inc. (WRAP) reported nine new BolaWrap deployments across eight states in March and April 2021. The BolaWrap, a remote restraint device, was effectively used by law enforcement, including Fruitland Police Department in Maryland and Mountain View Police Department in California, to safely manage crisis situations without escalating violence. The company highlights that many deployments go unreported as agencies view them as low use of force. This trend signals growing adoption of WRAP's safety technologies in public safety operations.
Wrap Technologies, Inc. (WRAP) will host a Zoom webcast on April 29, 2021, at 4:30 p.m. Eastern Time, to discuss its financial and operational results for Q1 2021. A press release containing these results will precede the webcast. The presentation will include a Q&A session, and interested participants can RSVP via a provided link. WRAP, known for its BolaWrap® Remote Restraint device and WRAP Reality training platform, focuses on innovative public safety technologies. More details can be found on the company's website.
Wrap Technologies has received two new international orders for its BolaWrap remote restraint devices, expanding its market presence to 37 countries. The recent orders include 270 BolaWrap devices and accessories for a new country and a reorder of 300 devices. These orders, received in Q1, showcase the growing international interest in WRAP's products despite challenges posed by COVID. Shipping is expected to continue through Q2, reinforcing WRAP's capability to adapt in a changing global landscape.
Wrap Technologies has secured its first five-year pre-paid subscription for WRAP Reality, a virtual reality training simulator, with the Northern York County Regional Police Department in Pennsylvania. This innovative training platform enables law enforcement to simulate real-world scenarios, enhancing officer preparedness. NYCRPD Chief David Lash emphasized the system's superior immersive experience over previous training methods. The partnership aims to provide cost-effective training and improved officer evaluation processes, supported by funding from community partners.
Wrap Technologies, Inc. (WRAP), a leader in public safety technologies, released bodycam footage on March 17, 2021, exhibiting the effective use of its BolaWrap device. The Glenwood Springs Police Department utilized the BolaWrap to safely restrain an individual in crisis, preventing harm to the subject and others. This instance underscores the value of innovative tools in law enforcement. The BolaWrap, designed to restrain without injury, sees growing adoption among agencies. The company emphasizes its commitment to providing effective solutions in public safety.
TEMPE, Ariz., March 23, 2021 - Wrap Technologies (Nasdaq: WRAP) announced that CEO Tom Smith will present at the Q1 Virtual Investor Summit today at 12 pm ET. The event features presentations from CEOs of small and mid-cap companies and opportunities for one-on-one meetings with accredited investors. Smith will discuss the Company’s innovative products, including the BolaWrap® and WRAP Reality™, which aim to enhance public safety. Interested participants can register online to join this immersive investor conference.
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