WRAP Releases New Bodycam Footage of Successful BolaWrap® Use to Restrain Non-Compliant Subject

Rhea-AI Summary

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.

Positive

• Successful BolaWrap deployment reported by Glenwood Springs Police, demonstrating effective use in a crisis situation.
• Growing adoption of BolaWrap by law enforcement agencies, indicating strong market demand.
• The BolaWrap device is positioned as a non-injurious alternative for law enforcement, potentially enhancing officer safety.

Negative

• None.

TEMPE, Ariz., March 25, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released new bodycam footage of a successful BolaWrap deployment restraining a non-compliant subject.

On Wednesday, March 17, 2021, Glenwood Springs Police Department in Colorado responded to a male subject in crisis, running in traffic and endangering himself and other motorists. Bodycam footage of the incident can be viewed on the Company's YouTube channel here.

"This incident is an excellent example of the importance of providing officers with the best tools and best training to deal with the challenges they face each day involving people in crisis," said Mike Rothans, Chief Strategy Officer at Wrap and a retired Assistant Sheriff from the Los Angeles County Sheriff's Department. "As soon as verbal commands ceased to be effective, the officer quickly utilized the BolaWrap from a significant distance to restrict the subject's mobility, preventing him from injury to himself or others. The officers then swarmed in to safely detain the subject without injury and get him the help he needed."

"This footage perfectly highlights why we created the BolaWrap remote restraint," said Woody Norris, inventor of the BolaWrap and Chief Technology Officer at WRAP. "Many of the people law enforcement encounter are in a crisis and are oblivious to the commands of an officer. Officers need a way to impede a person from walking or running away or advancing towards them without hurting the individual. With BolaWrap, officers can do just that and avoid escalation of encounters that can turn tragic. I am pleased to see the continued success of the BolaWrap in the field with a growing number of agencies."

Glenwood Springs PD announced their agency's acquisition of BolaWrap devices in February 2021. The release stated, "The general concept and adopted policy are to apply this tool before an event escalates, necessitating the need for higher levels of force to detain or arrest an individual."

To watch more bodycam footage of the BolaWrap in use, please visit: https://wrap.com/bodycam.

About WRAP
WRAP Technologies (Nasdaq: WRAP) is a global leader in innovating public safety technologies and services that deliver advanced solutions focused on avoiding escalation. The BolaWrap® Remote Restraint device, WRAP's first product, is a patented, hand-held device that discharges a Kevlar® tether to temporarily restrain from a safe distance. Through many field uses and growing adoption by agencies worldwide, BolaWrap is proving to be an effective tool to safely detain persons without injury. WRAP Reality, the Company's virtual reality training system, is an immersive training simulator and comprehensive public safety training platform designed to empower first responders with the necessary knowledge to perform in the field. WRAP's headquarters are located in Tempe, Arizona. For more information, please visit wrap.com.

Follow WRAP here:
WRAP on Facebook: https://www.facebook.com/wraptechnologies/
WRAP on Twitter: https://twitter.com/wraptechinc
WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologies/

Trademark Information
BolaWrap, Wrap and Wrap Reality are trademarks 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", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, 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 business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the ability to obtain export licenses for counties outside of the US; 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 mentioned in the Company's most recent annual report on Form 10-K, 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.

Contact:

Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wrap.com

FAQ

What is the significance of the bodycam footage released by WRAP on March 25, 2021?

The bodycam footage showcases a successful deployment of the BolaWrap device by Glenwood Springs Police, highlighting its effectiveness in safely restraining individuals in crisis.

How is the BolaWrap device utilized by law enforcement?

The BolaWrap is used to restrain individuals from a distance, minimizing the risk of injury during encounters, particularly in crisis situations.

What impact does the growing adoption of the BolaWrap have on WRAP's market position?

The increasing adoption of the BolaWrap by law enforcement agencies suggests a positive trend for WRAP's sales and enhances its reputation in public safety technology.

What are the potential benefits of using BolaWrap for police officers?

BolaWrap allows officers to safely detain individuals without physical harm, potentially reducing escalation and enhancing overall safety in volatile situations.