WRAP Releases New Dashcam Footage of Successful BolaWrap® Use in Washington

Rhea-AI Summary

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.

Positive

• Successful BolaWrap deployment demonstrated effectiveness in restraining a violent suspect without injury.
• Potential for enhancing public safety and reducing officer force in critical situations.
• Positive feedback from law enforcement officials regarding the efficacy of BolaWrap.

Negative

• None.

TEMPE, Ariz., April 27, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released new dashcam footage of a successful BolaWrap deployment in Washington.

On Thursday, April 15, Mountlake Terrace Police Department in Washington responded to a violent, intoxicated male subject threatening his wife and children. The suspect forced entry and broke a glass door in the back of the home.

Officers established communication with the suspect, who was uncooperative and aggressive. An officer equipped with the BolaWrap approached the suspect, gave an audible notification, and then deployed the device. The tether successfully restrained the suspect’s arms to his side, allowing officers to quickly approach the suspect and safely take him into custody.

The dashcam footage can be viewed here.

“The previously released videos of successful BolaWrap deployments predominately involved individuals suffering from a mental health crisis,” said Mike Rothans, Chief Strategy Officer at WRAP and retired Assistant Sheriff of the Los Angeles County Sheriff’s Department. “This video involved a violent suspect who had not only been threatening to harm his family but was hostile toward responding officers. We are pleased to see the BolaWrap assist officers in de-escalating a potentially violent encounter quickly. Controlling the suspect’s arms made it safer for these officers to approach this individual while decreasing the need to use higher levels of force and leading to the encounter ending without injury to the suspect, his family, and the officers.”

Additional bodycam videos of the BolaWrap in use can be viewed here.

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 happened during the BolaWrap deployment by Wrap Technologies on April 15, 2021?

On April 15, 2021, Wrap Technologies showcased a BolaWrap deployment where police successfully restrained a violent suspect during a domestic incident in Mountlake Terrace, Washington.

How does the BolaWrap device improve public safety for law enforcement?

The BolaWrap device allows officers to restrain suspects from a safe distance, reducing the risk of injury to both officers and suspects while minimizing the need for higher levels of force.

What are the implications of the recent BolaWrap deployment for WRAP's stock performance?

The positive demonstration of the BolaWrap device may enhance investor confidence in WRAP, indicating potential growth in sales opportunities within law enforcement agencies.

Where can I view the dashcam footage of the BolaWrap deployment?

The dashcam footage from the BolaWrap deployment can be viewed through the links provided in the Wrap Technologies press release.

What is the significance of the BolaWrap's use in de-escalating violent encounters?

The BolaWrap's effective use in de-escalating violent situations highlights its role in safer law enforcement practices and may lead to wider adoption by police departments.