Santa Cruz Sheriff’s Office Rolls Out Wrap Technologies’ BolaWrap

TEMPE, Arizona, November 22, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported today that Santa Cruz Sheriff’s Office is rolling out the BolaWrap® as a new non-lethal force tool. The BolaWrap deployment was reported by CBS affiliate KION-TV and other media outlets.

Santa Cruz Sheriff’s Office held a BolaWrap demonstration for the media on Wednesday, November 20, 2019, where the department announced its recent initial purchase of 20 BolaWrap devices. According to NBC and ABC affiliate KSBW, if the BolaWrap is proven to be successful in the field, all 160 deputy sheriffs will be using the device.

According to KSBW, Santa Cruz County Sheriff Jim Hart stated that deputies respond ten times a day to people experiencing serious mental health crises, which translates to roughly 3,000 responses annually. “Even if we have one case where we prevented lethal force from having to be used, it’ll have been worth it,” Hart said during the demonstration.

Mike Rothans, Chief Operating Officer at Wrap Technologies and retired Assistant Sheriff at Los Angeles Sheriff’s Department said, “Santa Cruz Sheriff’s Office is a forward-thinking agency looking to improve the safety of their officers and the citizens in their community. It’s great to see agencies like the Santa Cruz Sheriff’s Office continuing to understand the value of adding another less-lethal force option to their toolbelt.”

News coverage of the BolaWrap demonstration can be found below:

The “BolaWrap” rolled out by Santa Cruz County Sheriff’s Office as new non-lethal force tool

Santa Cruz deputies train using new less than lethal device

Deputies learn how to use restraint tool

Santa Cruz Sheriff's Office Demonstrates New Restraint Tool

The Company also performed BolaWrap demonstrations to multiple agencies across Arkansas this week. News coverage of those demonstrations can be found below:

Law enforcement agencies test new restraint device

Northwest Arkansas law enforcement test out new BolaWrap restraint tool

JPD considers adding Batman-like tool to Duty Belts

Jonesboro Police consider Bola Wrap as an alternative tool in crime fighting

Local law enforcement considering purchasing restraint technology

Local Law Enforcement Agencies Test Out Non-Lethal Restraint Device

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap Technologies Reports Hendersonville Police Department to Use New, Less-Lethal Use of Force Device

Hendersonville PD Among Agencies in North Carolina, South Carolina, New York,
California, and Texas to receive BolaWrap Training in November 2019

TEMPE, Arizona, November 20, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported that agencies across the US are implementing the BolaWrap less-lethal restraint solution to engage mentally ill and noncompliant subjects. The Company continues to provide demonstrations, training, and deliver BolaWrap product to new agencies.

Since November 1st, the Company has demonstrated the BolaWrap to agencies in New York, Georgia, South Carolina, North Carolina, Illinois, Virginia, Arizona, Wisconsin, Arkansas, Missouri and Canada, and the Company has trained agencies in New York, California, Texas, South Carolina and multiple international agencies, with more demonstrations and trainings scheduled for the remainder of the month.

“In my 33 years of law enforcement experience, it has been rare to see a new technology make such a large and immediate impact on the law enforcement community the way the BolaWrap has,” said Don De Lucca, Chief Strategy Officer at Wrap Technologies. 

“People with untreated mental illness are 16 times more likely to be killed during a police encounter than other citizens, according to a study by the nonprofit Treatment Advocacy Center. Agencies understand the value of the BolaWrap as a safe way to restrain a mentally ill or noncompliant subject, as the agencies move through the phases of product demonstrations, training, policy writing and full field deployment,” De Lucca added.

“We worked hard on building out a robust distribution network across the US, and it is paying dividends,” said Tom Smith, President at Wrap Technologies. “With 11 distributors covering 45 US states, 15 international distributors covering 25 countries, and our outstanding internal sales team consisting of seasoned law enforcement excecutives, we are able to cover a lot of ground to meet the growing demand for the BolaWrap.”

Members of the Company are participating in this week’s Crisis Negotiation Conference held by the National Tactical Officers Association in Arizona, and the Milipol conference in Paris. Milipol Paris is the leading event for homeland security and is organized under the patronage of the French Ministry of Interior. It is an official event carried out in partnership with the French National Police and Gendarmerie, Civil Defence Service, French Customs, City Police, Interpol, etc., and has almost 30,000 visitors from 151 countries.

The Company was also featured on local FOX, NBC, CBS, and ABC networks this month - links to those stories can be found below.

North Carolina - Hendersonville Police Department to use new, less lethal use of force device
Arkansas - Law enforcement agencies test new restraint device
Missouri - Police Debut New Technology
Illinois - BolaWrap latest in less than lethal devices for police
South Carolina - New police tool wraps cord around body to subdue suspect
National Television - NCIS: Los Angeles

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap Technologies Reports Hendersonville Police Department to Use New, Less-Lethal Use of Force Device

Hendersonville PD Among Agencies in North Carolina, South Carolina, New York,
California, and Texas to receive BolaWrap Training in November 2019

TEMPE, Arizona, November 20, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported that agencies across the US are implementing the BolaWrap less-lethal restraint solution to engage mentally ill and noncompliant subjects. The Company continues to provide demonstrations, training, and deliver BolaWrap product to new agencies.

Since November 1st, the Company has demonstrated the BolaWrap to agencies in New York, Georgia, South Carolina, North Carolina, Illinois, Virginia, Arizona, Wisconsin, Arkansas, Missouri and Canada, and the Company has trained agencies in New York, California, Texas, South Carolina and multiple international agencies, with more demonstrations and trainings scheduled for the remainder of the month.

“In my 33 years of law enforcement experience, it has been rare to see a new technology make such a large and immediate impact on the law enforcement community the way the BolaWrap has,” said Don De Lucca, Chief Strategy Officer at Wrap Technologies. 

“People with untreated mental illness are 16 times more likely to be killed during a police encounter than other citizens, according to a study by the nonprofit Treatment Advocacy Center. Agencies understand the value of the BolaWrap as a safe way to restrain a mentally ill or noncompliant subject, as the agencies move through the phases of product demonstrations, training, policy writing and full field deployment,” De Lucca added.

“We worked hard on building out a robust distribution network across the US, and it is paying dividends,” said Tom Smith, President at Wrap Technologies. “With 11 distributors covering 45 US states, 15 international distributors covering 25 countries, and our outstanding internal sales team consisting of seasoned law enforcement excecutives, we are able to cover a lot of ground to meet the growing demand for the BolaWrap.”

Members of the Company are participating in this week’s Crisis Negotiation Conference held by the National Tactical Officers Association in Arizona, and the Milipol conference in Paris. Milipol Paris is the leading event for homeland security and is organized under the patronage of the French Ministry of Interior. It is an official event carried out in partnership with the French National Police and Gendarmerie, Civil Defence Service, French Customs, City Police, Interpol, etc., and has almost 30,000 visitors from 151 countries.

The Company was also featured on local FOX, NBC, CBS, and ABC networks this month - links to those stories can be found below.

North Carolina - Hendersonville Police Department to use new, less lethal use of force device
Arkansas - Law enforcement agencies test new restraint device
Missouri - Police Debut New Technology
Illinois - BolaWrap latest in less than lethal devices for police
South Carolina - New police tool wraps cord around body to subdue suspect
National Television - NCIS: Los Angeles

About NCIS: Los Angeles
NCIS: Los Angeles is a drama about the high-stakes world of a division of NCIS that is charged with apprehending dangerous and elusive criminals, who pose a threat to the nation’s security. By assuming false identities and utilizing the most advanced technology, this team of highly trained agents goes deep undercover, putting their lives on the line in the field to bring down their targets. Special Agent "G" Callen is a chameleon who transforms himself into whomever he needs to be to infiltrate the criminal underworld. His partner is Special Agent Sam Hanna, a former U.S. Navy SEAL who has seen action in both Afghanistan and Iraq. The team includes the all-knowing Henrietta "Hetty" Lange, who handles the politics of the job and is tasked with providing everything from micro-surveillance cameras to cars for the team; Special Agent Kensi Blye, the exceptionally bright daughter of a slain Marine who lives for the adrenaline rush that comes with undercover work; Marty Deeks, a seasoned LAPD undercover detective who was recruited to the team by Hetty; tech operator Eric Beale, who has mastered every gadget and computer in the Ops Center; and intelligence analyst Nell Jones, who won the team’s respect with her spot-on assessments and her shrewd insights. Armed with the latest in high-tech gear and sent regularly into life-threatening situations, this tight-knit unit relies on each other to do what is necessary to protect national interests.

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap Technologies’ BolaWrap Featured On Prime-Time National Television Drama Series NCIS: Los Angeles

TEMPE, Arizona, November 12, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported that the updated, commercialized BolaWrap device was used on CBS hit series NCIS: Los Angeles (Season 11, Episode 7) on Sunday night.

NCIS: Los Angeles on CBS, Season 11, Episode 7
NCIS: Los Angeles on CBS, Season 11, Episode 7

This is the second time the BolaWrap was used in a CBS drama series – the original version of the device was featured on S.W.A.T. last year.

“It’s exciting to see our device used on a nationally televised drama series,” said Don De Lucca, Chief Strategy Officer at Wrap Technologies. “As departments across the US continue to adopt the BolaWrap as part of their less-lethal toolkit and as the number of successful field deployments increases, the BolaWrap will continue be seen as a need-to-have tool, rather than a nice-to-have tool.”

The BolaWrap was also featured on South Carolina’s local CBS and ABC networks last week following a successful demonstration with Charleston Police Department and other local agencies.

To see a clip of the BolaWrap’s feature on NCIS: Los Angeles, click here. For the full episode, click here.

About NCIS: Los Angeles
NCIS: Los Angeles is a drama about the high-stakes world of a division of NCIS that is charged with apprehending dangerous and elusive criminals, who pose a threat to the nation’s security. By assuming false identities and utilizing the most advanced technology, this team of highly trained agents goes deep undercover, putting their lives on the line in the field to bring down their targets. Special Agent "G" Callen is a chameleon who transforms himself into whomever he needs to be to infiltrate the criminal underworld. His partner is Special Agent Sam Hanna, a former U.S. Navy SEAL who has seen action in both Afghanistan and Iraq. The team includes the all-knowing Henrietta "Hetty" Lange, who handles the politics of the job and is tasked with providing everything from micro-surveillance cameras to cars for the team; Special Agent Kensi Blye, the exceptionally bright daughter of a slain Marine who lives for the adrenaline rush that comes with undercover work; Marty Deeks, a seasoned LAPD undercover detective who was recruited to the team by Hetty; tech operator Eric Beale, who has mastered every gadget and computer in the Ops Center; and intelligence analyst Nell Jones, who won the team’s respect with her spot-on assessments and her shrewd insights. Armed with the latest in high-tech gear and sent regularly into life-threatening situations, this tight-knit unit relies on each other to do what is necessary to protect national interests.

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

BolaWrap Sees Increase In Field Deployments

TEMPE, Arizona, November 7, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported an increase in BolaWrap field uses by US police departments carrying the device.

Presently, over 100 police agencies throughout the U.S. have devices in use.

“We are pleased with the number of agencies that have moved from seeing a BolaWrap demonstration, to receiving training, to writing policy, and to carrying the device in the field,” said Mike Rothans, Chief Operating Officer at Wrap Technologies, and former Assistant Sheriff at Los Angeles County Sheriff’s Department. “We are continuing to receive reports from those agencies that the BolaWrap has de-escalated potentially violent confrontations between officers and noncompliant subjects.”

In some instances, agencies reported that officers pointing the BolaWrap’s patented green line laser at noncompliant subjects was enough to motivate the subjects to comply.

In other scenarios, the BolaWrap was deployed by officers on noncompliant subjects, wrapping the subjects and enabling officers to take them into custody without harm.

“The BolaWrap was initially expected to be used as an early intervention tool in dealing with those suffering from a mental health crisis, such as incidents recently reported in the cities of Bell and Fresno, California. However, we’ve also seen it used to de-escalate violent encounters, such as in Fort Worth, Texas,” said Mr. Rothans.

“It’s encouraging to have chiefs approach you and say that the BolaWrap saved someone’s life in their community. We hear from chiefs and government officials on a regular basis that the BolaWrap will save lives, but it’s rewarding to hear that it actually already has,” Rothans added.

The Company showcased the BolaWrap last week at the annual International Association of Chiefs of Police (IACP) and received more than 400 qualified leads of interest from US police departments, federal agencies, and international law enforcement agencies requesting BolaWrap demonstrations, training and quotes.

“As former President of IACP, it was great to see the overwhelmingly positive response we received at our booth during this year’s IACP,” said Don De Lucca, Chief Strategy Officer at Wrap Technologies. “I am excited law enforcement is quickly seeing the BolaWrap as a must-have early intervention tool to safely restrain individuals in crisis.”

Watch video highlight of the BolaWrap in Malaysia!

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap Technologies Reports Third Quarter Results

TEMPE, Arizona, October 31, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced financial results for its third quarter ended September 30, 2019.

2019 YTD Highlights

  • Revenue in Q3 of $268,763, an increase of 352% over Q2 2019 revenue. Sales for Q3 of the prior year were $1,890. In May 2019 we released an updated version of our BolaWrap 100 remote restraint device featuring an integrated green line laser and began to work with distributors, both domestic and international.
  • In July 2019 we announced our first large international distributor order valued at over $1 million. During Q3 we made the first shipment under the order and began in-country demonstrations to end users with the distributor.
  • At September 30, 2019 we had $238,000 of customer deposits on future delivery orders and had a backlog of approximately $1.3 million expected to be delivered over the next nine months. Distributor and customer orders for future deliveries are generally subject to modification, rescheduling or in some instances cancellation in the normal course of business.
  • By the end of Q3 our sales team signed distribution agreements with 11 domestic distributors representing 45 states. As a result, we have over 90 distributor sales personnel promoting BolaWrap and arranging demonstrations and training. We have 15 international distributors representing 25 countries. We continue to ship product to distributors and agencies and to date have shipped to over 13 countries.
  • We have demonstrated our BolaWrap 100 product to over 170 domestic agencies across the country, often with media in attendance. Over 110 law enforcement agencies and 20 distributors took delivery of BolaWrap 100 devices during 2018 and the first nine months of 2019.
  • During Q3 we greatly expanded our training and support reach and now have 23 contract regional Master Instructors. As of September 30, 2019 over 95 agencies had received BolaWrap 100 training with approximately 450 training officers at those agencies certified as BolaWrap 100 instructors qualified to train their departments. More departments are deploying BolaWrap as an essential tool for early engagement with subjects.
  • During Q3 we commenced manufacturing BolaWrap products at our new 11,000+ square foot facility in Tempe, Arizona. In addition to manufacturing and warehouse space to support rapid growth, the facility also contains a state-of-the-art training and demonstration chamber to accommodate training and demonstration of BolaWrap products to support growing sales to agencies and distributors. This chamber also serves as a testing range to support product development activities.
  • In late September we appointed industry veteran Scott Klug as our Vice President of New Product Development. Mr. Klug joins Wrap with more than 20 years of experience leading engineering teams at companies including TASER, West Pharmaceutical, Ryobi, and Teledyne. Alongside our CTO and award-winning inventor, Elwood Norris, Scott will be responsible for leading the engineering team’s initiatives of designing and developing Wrap’s next generation of innovative products.

Management Commentary

“We are excited from the response we received from law enforcement visitors to our booth earlier this week at the 126th International Association of Chiefs of Police (IACP) Conference held in Chicago. Visitors were able to see BolaWrap in action in typical scenarios using a new highly interactive Wrap Virtual Reality training simulator. We had the opportunity in one venue to meet both current and prospective agencies and distributors,” said David Norris, CEO of Wrap Technologies.

Norris added, “We are pleased with the progress being made by agencies. Their trainers are becoming certified. They are instituting policies and procedures for use of BolaWrap. They are training line officers on the use of BolaWrap. And we are now starting to see successful use in everyday policing and we expect use to increase as more devices are placed in the hands of line officers at more agencies.”

Q3 Financial Summary

The Company improved its financial position as a result of the June 2019 follow-on public offering and ended the third quarter with $19.2 million in cash and cash equivalents, and working capital of $20.1 million. Other than $0.18 million of long-term right-of-use operating lease liability, the Company has no other debt not included in working capital. Stockholders’ equity was $20.7 million at September 30, 2019.

Third quarter revenue improved as a result of increased agency, distributor and international order fulfillments. With the move to the larger Tempe, Arizona facility we are building production for larger product shipments that we expect in future periods. Revenue was $268,763 for the third quarter and $446,018 for the nine months ended September 30, 2019. There were minimal comparable prior period revenue as we commenced product sales in late 2018.

Gross profit margin was 41.3% for the third quarter and 42.9% for the nine months ended September 30, 2019. We rely on both direct and distributor sales both domestically and internationally and changes in sales channels can significantly impact product margins. A variety of other factors impact margins including product updates, raw material and component changes and warranty costs. Due to the startup nature of our sales activities we do not believe historical margins should be relied on as an indicator of future margins.

Selling, general and administrative expense for the third quarter was $1,878,152, compared to $665,910 during the year-ago quarter. We are rapidly expanding our sales, training and support activities to support our planned growth. Selling, general and administrative expense for the nine months ended September 30, 2019 was $4,547,215, compared to $1,586,652 for the prior comparable period. In the near term we expect to expend comparable levels of resources on the marketing and selling of our products, training distributors and customers and administratively supporting our operations.

Research and development expense for the third quarter was $729,788, compared to $168,432 during the year-ago quarter. Research and development expense for the nine months ended September 30, 2019 was $1,620,820, compared to $458,046 for the prior comparable period. Increased expense related to increased research and production development personnel and increased consulting expense related to developing systems for monitoring research and production. We expect our research and development expense will vary depending on specific research projects and levels of internal and external staffing and prototype costs.

The net loss for the third quarter ended September 30, 2019 was $2,387,204, or $(0.08) per share, compared to $833,884, or $(0.04) per share, during the prior year’s third quarter. The net loss for the nine months ended September 30, 2019 was $5,782,059, or $(0.20) per share, compared to $2,044,804, or $(0.09) per share. The net loss for each nine-month period included $1,074,555 and $322,811, respectively, of non-cash stock-based compensation expense.

Webcast and Conference Call

The Company will hold its third quarter financial results conference call today, October 31, 2019 at at 4:30 pm Eastern time (1:30 pm Pacific time). To join the live webcast use the following link:

Join Webcast: Wrap3rdQtrWebcastLink

Conference call participant information:

Date: October 31, 2019
Time: 4:30 pm Eastern time (1:30 pm Pacific time)
US/CANADA dial-in: (866) 360-5760
International dial-in: (602) 563-8606
Conference ID: 6148409

The webcast link and replay will also be available at the company’s website at wraptechnologies.com.

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap Sets Third Quarter 2019 Conference Call for Thursday, October 31, 2019 at 4:30 pm ET

TEMPE, ArizonaOct. 23, 2019 - Wrap Technologies, Inc. (the "Company") (WRTC), an innovator of modern policing solutions, will hold a conference call on Thursday, October 31, 2019 at 4:30 pm Eastern time (1:30 pm Pacific time) to discuss financial results and progress for the third quarter ended September 30, 2019. Financial results will be issued in a press release prior to the call.

Wrap management will host the presentation, followed by a question and answer period. A live audio webcast of the conference call will be available in listen-only mode simultaneously and available for replay via:

Join Webcast: Wrap3rdQtrWebcastLink

The webcast link and replay will also be available at the company's website at wraptechnologies.com.

Conference call participant information:
Date: October 31, 2019
Time: 4:30 pm Eastern time (1:30 pm Pacific time)
US/CANADA dial-in: (866) 360-5760
International dial-in: (602) 563-8606
Conference ID: 6148409

Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization.

In addition to the webcast replay available at the company's website, a replay of the call will also be available after 7:30 pm Eastern time on the same day for seven days.

US replay dial-in: (855) 859-2056
International replay dial-in: (404) 537-3406
Replay ID: 6148409

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap to Showcase BolaWrap Remote Restraint at IACP 2019

Visit Booth #2240 to deploy BolaWrap in typical scenarios using Wrap Virtual Reality

TEMPE, Arizona, October 22, 2019 - Wrap Technologies, Inc. (the “Company“) (WRTC), an innovator of modern policing solutions, today announced their participation at the 126th International Association of Chiefs of Police (IACP) Conference (Booth #2240) at the McCormick Place Convention Center in Chicago, Illinois. The Company will be exhibiting BolaWrap from Sunday, October 27th through Tuesday, October 29th.

The Company will be displaying its newest BolaWrap 100 remote restraint devices. Attendees are invited to a virtual reality training section where they can deploy BolaWrap remote restraint in various scenarios faced by law enforcement officers on a daily basis.

“We are excited to offer the opportunity for law enforcement professionals to experience BolaWrap in realistic scenarios using our new Wrap Virtual Reality training system,” said Tom Smith, President of Wrap Technologies. “It is important to be able to envision scenarios where early engagement can reduce the need for higher levels of force.”

IACP 2019 is the largest law enforcement tradeshow in the world. IACP assembles the newest products and the latest technologies at the largest exposition designed specifically for law enforcement.

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

Wrap Appoints Scott Klug as VP New Product Development

Scott Klug

TEMPE, Arizona, October 17, 2019 Wrap Technologies, Inc. (the “Company“) (WRTC), an innovator of modern policing solutions, today announced the appointment of Scott Klug as the Company’s Vice President of New Product Development. Mr. Klug joins Wrap with more than 20 years of experience leading engineering teams at companies including TASER, West Pharmaceutical, Ryobi, and Teledyne.

As a successful leader in the high tech industry, Mr. Klug, alongside the Company’s CTO and award-winning inventor, Elwood Norris, will be responsible for leading the engineering team’s intitiatives of designing and developing Wrap’s next generation of innovative products.

“As the Company’s portfolio of products expands, we are excited to announce the addition of Scott to our management team. With his extensive background in innovative product design/development, manufacturing engineering, operations, and customer support, Scott fills an important role in ensuring that we can continue to pioneer innovative products for the public safety communities,” said David Norris, the Company’s Chief Executive Officer.

“We believe Scott’s direct knowledge in the police and military markets combined with his knowledge in launching electro-mechanical devices makes him an exciting hire and positions us for continued growth.”

“The focus of my career has been on building engineering teams to meet technical challenges, especially with safety critical products that require high reliability,” Mr. Klug said. “With the increasing demands on Wrap for innovation and reliability, I am excited to help Wrap drive new product development that produces reliability and effectivity for our customers. In particular, I look forward to developing Wrap’s engineering capability to exceed customer expectation. I am privileged to be able to be a part of Wrap’s future innovative product offerings and I look forward to the impact we will have on the law enforcement, military and other communities that protect and serve.”

Mr. Klug most recently served as owner of Summit Product Engineering, where he was responsible for supporting new start up endeavors as well as building product design and development teams for other companies. Mr. Klug also previously worked as Engineering Manager at Rockford Corporation, West Pharmaceutical, and Operations Manager at TASER, where he was responsible for manufacturing engineering, and new product introductions. Mr. Klug has a BS in Mechanical Engineering from the University of Wisconsin and has extensive experience with Six Sigma design strategies.

Wrap Technologies Recent Media

 “This Remote Control is Helping Law Enforcement Safely Apprehend Criminals

  • CBS TV Series - The Henry Ford's Innovation Nation with Mo Rocca

From the Arsenal of Spider-Man” (Russian)

  • Voice of America

Fresno police use Batman-style BolaWrap to detain stabbing suspect

  • Yourcentralvalley.com

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

BolaWrap Deployment Caught on Video

TEMPE, ArizonaOct. 15, 2019 Wrap Technologies, Inc. (the "Company" or "Wrap") (WRTC), an innovator of modern policing solutions, today linked to a recent news report titled "Fresno police use Batman-style BolaWrap to detain stabbing suspect". The report and accompanying video can be found here.

About Wrap Technologies (WRTC)
Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information
BolaWrap is a trademark 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,'' variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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.

Wrap Technologies, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!

NASDAQ: WRTC

FOLLOW THE BOLAWRAP

As a public company [WRTC], Wrap Technologies regularly announces BolaWrap demonstrations, Media Features and other important news updates.

Stay Updated On Wrap Technologies [WRTC] Stock!