WRAP Reports First Law Enforcement Agency in Canada with Active-Duty Officers Carrying BolaWrap®
Wrap Technologies, Inc. (Nasdaq: WRAP) announced that the Sainte-Anne Police Department in Manitoba has become the first Canadian agency to utilize the BolaWrap remote restraint device. Following a successful training program, this deployment signifies a key milestone in WRAP's efforts to enhance public safety technologies. The event featured a demonstration attended by various police services, showcasing the BolaWrap's efficacy in safely restraining individuals without resorting to greater force. WRAP’s CEO emphasized the significance of this achievement amidst global operational challenges.
- First Canadian law enforcement agency to adopt BolaWrap enhances market visibility and credibility.
- Successful training program for officers indicates strong product acceptance and operational readiness.
- Potential for increased sales and partnerships with other law enforcement agencies across Canada.
- Dependence on distributor TRAPT Technologies may limit direct control over Canadian market operations.
- Forward-looking statements highlight potential risks including product acceptance and operational challenges.
Sainte-Anne Police Department in Manitoba, Canada near Winnipeg
TEMPE, Ariz., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, announced that on October 25th, Sainte-Anne’s Police Department became the first Canadian law enforcement agency to actively carry the BolaWrap remote restraint device, following a comprehensive training program for all their officers.
The town of Sainte-Anne is a friendly close-knit, rural community with many residents commuting to nearby Winnipeg for employment. On October 14th, with BolaWrap distributor, TRAPT Technologies Canada, Sainte-Anne Police hosted a presentation and demonstration event for all police services in Manitoba to observe and test the BolaWrap, with many attending officers from their respective police service’s training sections. Sainte-Anne Police’s Sergeant Kelly Keith is known across polices services in Canada for his active involvements in Use of Force expertise, with police and public safety at the forefront.
Sergeant Kelly Keith from Sainte-Anne Police stated:
"Mitigating a subject’s ability to assault police officers can give us a position of advantage, which in turn can equate to less force we need to gain control of the subject. The BolaWrap is a device that has the capability to do this."
“To see the BolaWrap being carried in the field by the first Canadian police agency is another exciting step," said Tom Smith, WRAP President and CEO. “Especially with limited international travel, our distributors, including TRAPT in Canada, play a critical role in building momentum and progress around the globe and serve as an extension of the WRAP family.”
About WRAP
Wrap Technologies (Nasdaq: WRAP) is a global leader in innovative public safety technologies and services. WRAP develops creative solutions to complex issues and empowers public safety officials to protect and serve their communities through its portfolio of advanced technology and training solutions.
WRAP’s BolaWrap® family of products are patented, hand-held pre-escalation and remote restraint devices that discharge a Kevlar® tether to temporarily restrain uncooperative suspects and persons in crisis from a distance. Through its many field uses and growing adoption by agencies across the globe, BolaWrap is proving to be an effective tool to help law enforcement safely detain persons without injury or the need to use higher levels of force.
WRAP Reality, the Company’s virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform providing first responders with the discipline and practice in methods of de-escalation, conflict resolution, and use-of-force to better perform in the field.
WRAP’s headquarters are 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 successfully 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, including the acceptance of the BolaWrap 150; the risk that distributor and customer orders for future deliveries are modified, rescheduled or cancelled in the normal course of business; 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 countries 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
Investors:
Paul M. Manley
Vice President of Investor Relations
(612) 834-1804
pmanley@wrap.com
Media Contact: media@wrap.com
FAQ
What recent development did Wrap Technologies announce regarding the BolaWrap?
When did the Sainte-Anne Police Department begin using the BolaWrap?
How does the BolaWrap device help law enforcement?
What are the implications of this deployment for WRAP's market position?
