Wrap Technologies Appoints Michael Daniel as Vice President Supply Chain to Meet Demand

 

LAS VEGAS, NV / ACCESSWIRE / January 8, 2019 / Wrap Technologies, Inc. (the “Company“) (WRTC), an innovator of modern policing solutions, today announced the appointment of Michael Daniel to the newly created position of Vice President Supply Chain. Mr. Daniel joins the Company from JAE Electronics, where he served as Director, Operations.

“As the Company’s operations scale to meet demand for the BolaWrap 100, we are excited to announce the addition of Mike to our management team. Mike’s background in manufacturing engineering, operations, and supply chain fills an important role in ensuring that we can continue to meet order requirements,” said David Norris, the Company’s chief executive officer. “We believe that Mike’s supply chain experience, matching product demand with raw material availability and manufacturing capacity, makes him an exciting hire and helps to positions us for continued growth.”

“The focus of my career has been on meeting demand especially with new products,” Mr. Daniel said. “With the increasing demands on Wrap for production capacity and supply chain reliability, I am excited to help Wrap scale its business. In particular, I look forward to working with Wrap’s suppliers and customers on the new BolaWrap 100 and its innovative green line laser accessory. My past new product experience at Western Digital and Toshiba America is especially relevant for the production demands associated with the expected domestic and international growth of BolaWrap 100.”

Mr. Daniel most recently served as Director, Operations at JAE Electronics, where he was responsible for demand fulfillment including inventory control and logistics. Prior to that, he was a Senior Manager, Operations at Western Digital, where he was responsible for manufacturing engineering, new product introductions and development of fulfillment strategies. From 1990 to 2006 he held various roles at Toshiba America Information Systems, Inc., with his last position as Director of Operations, where he was responsible for order fulfillment for products generating over $2B in revenue. Mr. Daniel has a BS in Industrial Engineering from California State Polytechnic University and an MBA from California State University-Fullerton. He is a Six Sigma Black belt.

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’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies Promotes David Norris to Chief Executive Officer

David Norris promoted to Chief Executive Officer.

LAS VEGAS, Nevada, December 17, 2018 – Wrap Technologies, Inc. (the “Company”) (Nasdaq:WRTC), an innovator of modern policing solutions, today announced that its current President, David Norris, has been promoted to Chief Executive Officer to lead the Company’s growing executive team.

Norris is an experienced executive and joined the Company as President in January 2018. From April 2014 to December 2017 Norris served in various executive roles, including President at privately held loanDepot, LLC as it rapidly expanded into the 5th largest mortgage lender in the US. loanDepot had 6,000 employees and generated $1B in revenue in 2017.

Prior to his time at loanDepot, Norris served as CEO of Greenlight Financial, President of LendingTree Loans, and other executive and management roles at Toshiba America Information Systems and Qualcomm Personal Electronics. In his early career, Norris served as a probation officer in San Diego County for five years.

“David’s operational, engineering and manufacturing experience will be essential to our success.  His track record of running large and small businesses speaks for itself,” said Scot Cohen, Executive Chairman of the Board. “David’s integrity, knowledge, passion and reliability made him the success he is today. I’m grateful and proud to have him lead this company going forward.”

In his role as Chief Executive Officer, Norris will work to strengthen the Company’s sales and manufacturing initiatives to facilitate mass production and distribution of the BolaWrap 100 product in 2019. Norris will also support the Company’s award-winning inventor and Chief Technology Officer, Woody Norris, as he leads the Company’s research and development team to create new technological solutions for law enforcement and military.

“I’m excited about the opportunity to lead Wrap Technologies, especially now as the community demands alternative outcomes to everyday encounters with law enforcement. More effective, less lethal tools are needed, and we’re going to do our part to ensure the safety of officers and citizens alike,” Norris said. 

“I think the Wrap Technologies management team consisting of leading executives, innovators, law enforcement professionals and manufacturing wizards provides a promising environment to make a large impact. I look forward to building upon that foundation through strong sales efforts, strategic acquisitions and partnerships, new products, and operational efficiencies to ensure we deliver the best products possible,” Norris added.

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.

 
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’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies Announces Uplisting To Nasdaq Capital Market On December 4, 2018

LAS VEGAS, NV / ACCESSWIRE / December 3, 2018 / Wrap Technologies, Inc. (the “Company”) (WRTC), an innovator of modern policing solutions, today announced that its shares of common stock were approved for listing on the Nasdaq Capital Market.
Trading on the Nasdaq Capital Market is expected to commence at the opening of trading on December 4, 2018 under the Company’s existing trading symbol, WRTC.
Scot Cohen, Executive Chairman, stated, “Our listing on the Nasdaq Capital Market is a major corporate milestone, building on the technical and marketing progress of our patented BolaWrap non-lethal policing tool. We believe the listing will help broaden our shareholder base, improve liquidity, and provide increased visibility to the institutional investor community, ultimately contributing to increasing shareholder value.” David Norris, President added, “Our team is excited about the next chapter in our development helping to meet the demands of modern community policing.”
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.

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WRAP TECHNOLOGIES’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies To Present At The 11th Annual LD Micro Conference

LAS VEGAS, NV / ACCESSWIRE / November 26, 2018 – Wrap Technologies, Inc. (the “Company”) (OTCQB: WRTC), an innovator of modern policing solutions, announced today that management will participate in 11th Annual LD Micro Conference, an investor conference being held at Luxe Sunset in Bel-Air, California, from December 4-6, 2018.

LD Micro hosts the largest and most influential independent micro-cap conferences with over a thousand companies presenting since 2008 and institutional interest from over 300 firms. The 2017 Main Event had 256 companies, 3,000+ private meetings, and 1,500 attendees with 75 sponsoring firms.

David Norris, CEO of the Company will be presenting an update on the company’s business and growth strategy to attendees in a group presentation at 7:30 AM PT on Tuesday, December 4th, and management will also be holding one-on-one meetings on December 4th and 5th at the conference venue.

”We are excited to present our first product, the BolaWrap 100, to the investor community,” said David Norris, CEO of Wrap Technologies. ”Our story is compelling, as the BolaWrap 100 represents an exciting new policing tool to non-lethally engage with noncompliant subjects, especially those in mental crisis.”

A live webcast of the presentation will be available for streaming here and via the investor relations section of the Company’s website at wraptechnologies.com. The presentation will also be archived for replay at that link for 30 days.

For additional information or to schedule a one-on-one meeting with Wrap Technologies management, please contact the company’s IR team at IR@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.

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WRAP TECHNOLOGIES’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies Appoints Two Independent Members to Board of Directors

Patrick Kinsella and Wayne Walker Bring Financial and Corporate Governance Expertise to Help Guide the Company in its Next Phase of Growth

LAS VEGAS, NV / ACCESSWIRE / November 15, 2018 / Wrap Technologies, Inc. (the “Company”) (WRTC), an innovator of modern policing solutions, has appointed Patrick Kinsella and Wayne R. Walker to its Board of Directors (the “Board”), effective November 14, 2018. Their appointments increase the total number of directors on the Board to five, including two executive directors and three independent directors. Mr. Kinsella chairs the Company’s newly appointed Audit Committee and Mr. Walker chairs both the Compensation Committee and the Nominations and Governance Committee of the Board. The Company is currently preparing for its next phase of development and sales growth, and management believes that the newly appointed board members will enhance the Company’s focus on financial and corporate governance.

In addition, James Barnes, the Company’s Chief Financial Officer, Secretary and Treasurer, resigned from his position as a director on the Board, effective November 14, 2018, in order to ensure that a majority of the directors on the Board qualify as “independent directors,” pursuant to the standards established by the Securities and Exchange Commission and the Nasdaq Capital Market, with the goal of facilitating the Company’s previously announced application to list its common stock for trading on the Nasdaq Capital Market.

Mr. Kinsella, age 65, currently serves as an adjunct professor at the USC Marshall School of Business, a position that he has held since August 2011. In 2014, he was appointed as a director and the Chairman of the audit committee of PennyMac Financial Services, Inc. (“PennyMac”) (PFSI). Prior to his retirement as a senior audit partner in May 2013, Mr. Kinsella spent over 37 years at KPMG LLP serving clients generally concentrated in the financial services sector, including banks, thrifts, mortgage companies, automotive finance companies, alternative investment companies and real estate companies. Mr. Kinsella received a BS in Accounting from California State University, Northridge, and is a licensed certified public accountant in the State of California.

Mr. Walker, age 59, founded Walker Nell Partners, Inc. (“Walker Nell”), a financial advisory firm in 2013, where he continues to serve as the managing partner. Walker Nell provides corporate governance and restructuring advisory services, fiduciary services, litigation support, and other services to client corporations and law firms. In his role at Walker Nell, he has served on a number of private company boards. He has also been active on charitable boards, and currently serves as Chairman of the Board of Trustees of National Philanthropic Trust, a public charity that holds over $6.0 billion of assets under management.

Mr. Walker has more than 25 years of experience in corporate law and corporate restructuring, including working 15 years at the DuPont Company in the Securities and Bankruptcy group, where he worked in the Corporate Secretary’s office and served as Senior Counsel. He holds a B.A. from Loyola University New Orleans and a J.D. from the Catholic University of America.

“Patrick is an experienced board member and audit committee chair with significant financial and regulatory expertise and experience. Wayne has substantial board and community involvement, and has a national reputation for speaking on corporate governance matters. We are honored to have their counsel as we seek to grow our business throughout the world,” said David Norris, the Company’s President.

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.

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WRAP TECHNOLOGIES’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies Promotes Michael Rothans to Chief Operating Officer

Rothans to Lead Sales and Training Teams to Enable Rapid Growth

LAS VEGAS, NV / ACCESSWIRE / November 13, 2018 / Wrap Technologies, Inc. (the ”Company”) (WRTC), an innovator of modern policing solutions, has promoted Michael Rothans, the Company’s Senior Vice President of Business Development since September 2017, to the position of Chief Operating Officer. In his new role, Rothans will lead sales, training and technical support teams, a critical role as the Company prepares to expand its sales efforts with respect to its new BolaWrap 100 non-lethal remote restraint solution to law enforcement agencies in the United States and certain other key countries.

 

Michael Rothans

Rothans is a proven law enforcement executive with deep knowledge and experience in police engagements. He retired in 2015 as a thirty-one year, highly-decorated veteran of the Los Angeles County Sheriff’s Department (”LASD”). His last position with the LASD was as Assistant Sheriff overseeing the department’s patrol operations. As Assistant Sheriff, he was responsible for a nearly one-billion-dollar budget and supervised over 6,000 sworn and civilian personnel. In addition, he served the important role of Chair of the Executive Force Review Committee for the LASD, during which time he was responsible for reviewing all officer-involved shootings and significant uses of force for the department and determined if those force incidents met LASD standards.

”Mike brings invaluable knowledge about real-world encounters between the police and the public to his new position,” said David Norris, the Company’s President. ”Since joining the Company in late 2017, Mike has been instrumental in our business development, leading the introduction of our new early restraint product to key law enforcement agencies across the United States. He has been a credible Company spokesperson, and we are thrilled to have his talent and proven leadership managing and advancing our growth.”

”It is a rare opportunity to work with a Company that can positively impact a national social issue, such as police encounters with individuals suffering from a mental health crisis,” said Rothans. ”It is a privilege to be part of a solution to a problem that has plagued law enforcement for many years- reducing the level of force used to subdue people in crisis while addressing the negative social perception of police force, and mitigating the cost of these encounters to law enforcement agencies, local communities, and ultimately the taxpaying public. I am proud to be part of this organization and to have this opportunity to apply my knowledge and experience in my new role while focusing on driving expanded growth in 2019.”

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.

Read This Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies Completes $13.68M Financing; Management and Existing Shareholders Purchase Over 25%

Files Application for Nasdaq Capital Market Listing

LAS VEGAS, NV / ACCESSWIRE / October 31, 2018 / Wrap Technologies, Inc. (the ”Company”) (WRTC), an innovator of non-lethal modern policing solutions, announced today that it completed a $13.68 million private placement, with management and existing shareholders purchasing over 25% of the financing. The Company also announced that it has submitted its application to list its common stock on the Nasdaq Capital Market.

The Company increased the financing from $10 million to $13.68 million to accommodate demand from accredited individuals and institutional investors. The Company issued 4,561,074 units (each, a ”Unit”) at a price of $3.00 per Unit in the financing. Each Unit consists of one share of common stock of the Company and one common stock purchase warrant entitling the holder to purchase an additional common share at a price of $5.00 for a period of 24 months. The proceeds from the offering are expected to be used for product development, manufacturing, sales and marketing and for general working capital.

”We are pleased with the strong demand for this financing and the support of our current management and investors, including the $1.0 million investment by our founder, CTO and national award-winning inventor, Elwood G. Norris. The current social climate demands an effective non-lethal policing tool like the BolaWrap and this financing will enable us to execute our plan to introduce the BolaWrap to law enforcement,” said Scot Cohen, Executive Chairman.

President David Norris added, ”The national and international law enforcement community has responded very positively to demonstrations of our BolaWrap 100 early restraint solution. This financing allows the Company to build the infrastructure to support the anticipated growth and demand for the BolaWrap 100. In addition, we will move forward with the development of additional products and strengthen our presence in the U.S. and international markets.”

Katalyst Securities, LLC acted as the lead placement agent for the offering. Chardan Capital Markets LLC, acted as a co-agent for the offering.

The offer and sale of the Units were made in a transaction not involving a public offering pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the ”Securities Act”), solely to ”accredited investors” (as defined in Rule 501 of Regulation D promulgated under the Securities Act) and have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. As part of the transaction, the Company has agreed to file a registration statement with the Securities and Exchange Commission for purposes of registering the resale by the investors not affiliated with the Company of the shares of common stock purchased by such investors and shares issuable on exercise of warrants issued to the investors and the placement agents in the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. Any offering of the securities under the resale registration statement will only be by means of a prospectus.

Acceptance for listing of the Company’s common stock on the Nasdaq Capital Market is subject to approval, in part, based on the Company’s ability to meet minimum listing requirements for the Nasdaq Capital Market. While the Company intends to satisfy all of the applicable listing criteria, no assurance can be given that its application will be approved. During the Nasdaq review process, the Company’s common stock will continue to trade in the U.S. on the OTC Market under its current symbol WRTC.

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 small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those in 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’ CONTACT :
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

Wrap Technologies Demonstrates New Green Line Laser Accessory for Non-Lethal BolaWrap 100

Introduced to Positive Reception at IACP Convention

LAS VEGAS, NV / ACCESSWIRE / October 24, 2018 / Wrap Technologies, Inc. (the “Company“) (WRTC), an innovator of modern policing solutions, announced today that it has introduced and is rapidly progressing to launching its new BolaWrap green line laser innovation.

“Our small hand-held BolaWrap 100 remote restraint device is intended to be aimed and deployed in a non-threatening manner at or near waist level,” said Elwood Norris, CTO of Wrap Technologies. “This created a significant challenge that traditional night-time dot laser accessories could not satisfy. To improve the utility of the BolaWrap 100 our research team has innovated and filed a patent on a bright green line laser designed for the BolaWrap to be effective day and night providing a precise wrapping target. We believe this is a significant innovation in sighting technology and we are excited by the customer response.”

The BolaWrap100 Line Laser is a compact green line laser sight designed exclusively for the BolaWrap Model 100 remote restraint device. The innovative patent-pending accessory allows the user to precisely target the intended wrapping location with a distinct green line. The human eye processes the color green more effectively than any other color. Rather than diffusing a laser dot with a lens and reducing overall brightness, the new design produces a very bright green line designed within U.S. and international legal limits.

The Company first demonstrated a prototype of the BolaWrap Laser at the International Association of Chiefs of Police (IACP) conference in early October and is now preparing the accessory for production. “While the BolaWrap is intuitive to aim and use, our customers are reacting very positively to our new green line laser,” said Mike Rothans, Senior VP of Business Development. “A traditional dot laser is less effective in sighting, especially in daylight, where a green line provides precise targeting for BolaWrap restraint. This improves the utility of the BolaWrap 100 for our customers.”

The Company has recently updated the base BolaWrap 100 product incorporating suggestions from customer use of the product. Training programs have also been created to meet customer requirements. The Company believes the new laser is a key differentiating feature allowing domestic and international customers to improve deployments for noncompliant and mentally ill suspects.

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.

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 small but powerful BolaWrap assists law enforcement to safely and effectively control encounters, especially those in mental crisis.

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.

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WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                  IR@wraptechnologies.com

Wrap Technologies Hosted by Brooklyn Borough President Eric L. Adams

Demonstration and Press Conference Focused on Using BolaWrap in Crisis Intervention

LAS VEGAS, NV / ACCESSWIRE / October 12, 2018 / Wrap Technologies, Inc. (the ”Company”) (WRTC), an innovator of modern policing solutions, today reported results of a demonstration of the BolaWrap 100 law enforcement restraint solution hosted by Brooklyn Borough President Eric L. Adams. The demonstration was held Thursday at a Borough Hall Courtroom. BP Adams, a retired captain of the NYPD, focused his remarks on the challenges of responding to emotionally disturbed person (EDP) incidents and the use of BolaWrap 100 restraint early in the use of force continuum.

A copy of the press release on the event issued by BP Adams titled “BP Adams Demonstrates BolaWrap, Innovative Policing Device To Humanely Subdue Emotionally Disturbed Individuals, And Urges NYPD To Pilot The Technology” can be accessed by clicking on the press release title. A full video on the event produced by BP Adams office is also available (Video Link).

The demonstration and press conference were preceded by a product introduction and demonstration held Wednesday for leaders of NYPD. According to NYPD numbers released last year, the department responds to nearly 150,000 emergency calls every year for service involving a person in mental crisis. The hand-held BolaWrap 100 was developed to fill a gap with respect to engaging with noncompliant subjects in a non-lethal and non-painful manner where higher level of force may not be warranted.

“BP Adams has a unique perspective on EDP incidents as a result of his police experience and now his representation of the Brooklyn community,” said David Norris, President of Wrap Technologies. “He clearly and forcibly articulated the needs and benefits of early pain-free engagement of persons in mental crisis. We look forward to working with BP Adams and NYPD to explore the use of BolaWrap 100 in NYC to address crisis intervention incidents.”

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.

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 small but powerful BolaWrap assists law enforcement to safely and effectively control encounters, especially those in mental crisis.

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 develop and 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.

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WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Wrap Technologies Receives International News Coverage in The Times & Sunday Times (London)

Strong International Interest in BolaWrap at IACP Convention

LAS VEGAS, NV / ACCESSWIRE / October 9, 2018 / Wrap Technologies, Inc. (the ”Company”) (WRTC), an innovator of modern policing solutions, announced its first important international news coverage this past weekend in a report by The Times & Sunday Times based in London. The article entitled ”Kevlar lasso offers police alternative to the Taser” highlighted the Company’s recent demonstration to the Yonkers, New York Police Department and noted that ”In the face of a national civil rights movement over the shooting of unarmed civilians, police forces all over the US are testing a weapon designed to lasso fleeing suspects with a Kevlar rope.”

The online version of the report included a video demonstrating BolaWrap in action (Video Link). The text of the report accompanying the video and reported by The Times & Sunday Times follows:

In the face of a national civil rights movement over the shooting of unarmed civilians, police forces all over the US are testing a weapon designed to lasso fleeing suspects with a Kevlar rope.

Developed two years ago, the BolaWrap is slightly larger than a television remote and boasts laser sights and a range of 25 feet.

It fires like a handgun, shooting out an 8ft length of rope at 640ft per second. The rope is weighted on either end with hooks designed to catch hold of a suspect’s clothes as they wrap around his legs or torso.

In New York, where it was tested recently by the Yonkers police department, it prompted comparisons to one of the devices carried on the utility belt of Batman in 2008’s The Dark Knight.

”Anytime you have an option to use less force, it’s good for everyone,” Charles Gardner, Yonkers police commissioner, told the New York Post.

The Las Vegas company behind the device said it had been tested by police all over the country.

Alex Barnes of Wrap Technologies said it was created by Woody Norris, an inventor who has developed sonic weapons used to ward off pirates.

He said: ”The reaction from the law enforcement community has been overwhelmingly positive.”

The Company is participating in the 125th International Association of Chiefs of Police (IACP) Conference (Booth 339) at the Orange County Convention Center in Orlando, Florida through Tuesday, October 9th. ”The interest from international police agencies and distributors has been especially intense this year,” said David Norris, President of Wrap Technologies. ”We expect to report new international partnerships over the coming months as we begin to address the worldwide market for remote restraint.”

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.

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 small but powerful BolaWrap assists law enforcement to safely and effectively control encounters, especially those in mental crisis.

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 develop and 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.

Read This Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com