Wrap Fills New Initial BolaWrap Orders

TEMPE, Arizona, September 17, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today reported that the Company has filled more than 45 initial orders since April for BolaWrap devices and accompanying accessories. Customers include US federal and local agencies, US distributors and international distributors.

“We are excited about the number of quotes we are receiving directly from agencies and through our distributors,” said David Norris, CEO of Wrap Technologies. “The quotes are converting into filled orders at a high rate. Agencies are seeing the value of our remote restraint device and how it can be the right tool for many situations. We believe this market reaction reflects only the beginning of our broad distribution strategy.”

Wrap now has 11 US distributors covering 45 states, and the Company is fulfilling initial product deliveries to 10 international countries.

“As we continue building and training our distributor network, our ability to reach more departments multiplies,” said Tom Smith, President of Wrap Technologies. “Through our distributors, we now have more than 90 people on the ground in contact with agencies in their regions - aside from the work our internal team is doing focusing on larger agencies. This has resulted in an increase in quotes, and ultimately, filled orders, in a very short period of time.”

Epic Shooting, Training & Tactical Defense Center is BolaWrap’s authorized distributor in the southern part of the United States. Steven Combs, Director of Training for Epic Shooting, has been in law enforcement for more than 35 years and currently serves as a Chief of Police. Combs reports he is receiving strong interest for the BolaWrap from law enforcement customers in his region.

“The demand for demonstrations has been overwhelming and the BolaWrap device has significant growth potential. I can say firsthand that as law enforcement professionals, we are always looking for ways to avoid violent confrontations and to effect an arrest using the least amount of force possible,” said Combs. “Law enforcement agencies across the state are viewing BolaWrap as a vital tool as a response to resistance in order to avoid injuries to the subject and to decrease the agencies’ liability.”

The Company was recently featured on multiple television networks across Southern Texas following the Aransas Pass Police Department’s decision to carry five BolaWrap devices on patrol for a 30-day trial run. Links to those video stories can be found below:

ABC South Texas

NBC Corpus Kristi

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

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BolaWrap Demonstrated to Five of the Six States in Australia; Receives National Coverage

TEMPE, ArizonaSept. 4, 2019 /PRNewswire/ -- Wrap Technologies, Inc. (the "Company" or "Wrap") (WRTC), an innovator of modern policing solutions, today reported successful demonstrations of the BolaWrap 100 to five of six states in Australia this past week, including New South WalesVictoriaQueenslandWestern Australia, and Tasmania.

Screen Shot 2019-09-03 at 11.18.39 AM

Tom Smith, President of Wrap Technologies, traveled across Australia alongside George Hateley, founder and Managing Director of BREON Defence Systems - the Company's exclusive BolaWrap distributor in AustraliaNew Zealand and three other countries in the area - demonstrating the BolaWrap to Australian police departments.

"Australia is a forward thinking country focused on utilizing less-lethal tools as a means to restrain noncompliant, noncombative subjects," said Smith. "Over the past year, we have received more than 15 requests from Australian police departments and distributors for BolaWrap demonstrations and training, and we are glad that with our newly updated device and my long history with Breon, we are now prepared to service them."

In a follow up statement about the BolaWrap demonstrations, Mr. Hateley said the following:

"It was a great pleasure to once again travel our large country visiting five out of the six state police agencies with a law enforcement population of approximately 75,000 sworn officers and the potential for other law enforcement subsidiaries.

This 'Information & Demonstration' tour reminded me of our similar journey of 20 years ago. Our credibility as an efficient and reliable supplier of law enforcement technology opens many of the same doors.

Our reception exceeded my expectations, with positive feedback coming from normally conservative and skeptical law enforcement personnel. The exciting part was the follow up inquiries from the departments - prior to returning to my office, I received several calls with invitations for further combined agency national conference demonstrations to their respective hierarchy in both the police and prison areas.

Initial proactive inquiries about putting trial units numbers together for respective agencies were encouraging, with further comments saying, 'We have to follow trial protocol prior to field purchase,' and further comments about the number of devices needed to supply operational officers for training and operational patrol duties.

I am encouraged by this initial visit and thoroughly look forward to Wrap Technologies' return to present the BolaWrap to other agencies, here and in New Zealand.

I am very excited at the prospect of a substantial and ongoing supply to agencies in our region. Breon is here to supply life saving technology, and BolaWrap ticks the box."

7News news channel, Australia's largest nationally televised network, reported an extensive story about the BolaWrap which aired nationally on primetime news and can be found here, and also aired on Sunrise Live and 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

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Wrap Technologies Trains Seven Departments on the BolaWrap and Completes Ten More Demonstrations

LAS VEGAS, Aug. 16, 2019 /PRNewswire/ -- Wrap Technologies, Inc. (the "Company" or "Wrap") (WRTC), an innovator of modern policing solutions, today announced that the Company has trained seven new police departments on the BolaWrap since July 1st, and held 10 demonstrations for various agencies, including the Barbados General Consul.

Agencies that received training are located in New York, California, Texas and Pennsylvania.

The Company has demonstrated the BolaWrap to more than 100 agencies, 84 of which have been trained, and 23 having already purchased BolaWrap devices, cartridges and accessories.

"We expect the number of BolaWrap demonstrations in the U.S. to increase significantly as we recently completed training for all nine of our U.S. distributors," stated President, Tom Smith. "Our distributor network provides more people on the ground selling the BolaWrap to their existing and new customers, and to the 1,200+ departments that have requested demonstrations from us directly. These distributor demonstrations are in addition to the demonstrations held by our executive team," Smith added.

"As the number of BolaWrap demonstrations increase, the number of 'Train the Trainer' sessions required expansions, as many of the agencies seeking demonstrations desire to proceed with the purchase of and training on the BolaWrap. We currently have 10 Master Instructors conducting 'Train the Trainers' sessions and expect to increase that number to meet the growing demand," said Vice President of Training, Rick Guilbault.

On August 9th the Company held a call regarding their financial results for the second quarter period ending June 30, 2019. A recording of the call is available 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

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Wrap Schedules Quarterly Review Conference Call

Management to Discuss Business Developments, Field Questions from Shareholders

LAS VEGAS, Nevada, August 8, 2019 - Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced the Company will host a conference call for shareholders and investors Friday, August 9th at 11:00 AM Eastern Time to discuss its most recent quarterly results, key business developments, and answer questions from shareholders and investors.

The Company plans to answer questions submitted by shareholders in advance. If you would like to have your question addressed on the call, please send an email with your name and question to ir@wraptechnologies.com. Details on the conference call are as follows:

     Date: August 9th, 2019
     Time: 11:00 AM Eastern Time
     Dial in: +1 (929) 477-0448
     Toll Free: (888) 256-1007
     Confirmation Code: 7404744
     Questions: Please submit questions to ir@wraptechnologies.com prior to call

Individuals unable to attend the live call will have the option to listen to the call in its entirety after the event.

“We are excited to discuss with our shareholders and investors key developments within Wrap Technologies, as well as address questions from shareholders and interested investors,” said David Norris, CEO of Wrap Technologies. “We look forward to the call and the chance to answer your questions.”

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

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Wrap Technologies Reports Second Quarter Results

LAS VEGAS, Nevada, August 5, 2019 - Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced financial results for its second quarter ended June 30, 2019.

2019 YTD Highlights

  • In March 2019 we welcomed less-lethal industry pioneer and 25-year veteran Thomas Smith as our President. He immediately focused on scaling domestic and international sales. Mr. Smith’s efforts resulted in the July 2019 announcement of our first large international distributor order valued at over $1 million.
  • By the end of Q2 our sales team inked distribution agreements with nine domestic distributors representing 38 states and seven international distributors representing 12 countries. We recently commenced first shipments to new international customers.
  • In late May 2019 we released an updated version of our BolaWrap 100 remote restraint device featuring an integrated green line laser. We have demonstrated our BolaWrap 100 product to over 150 agencies across the country, often with media in attendance.
  • During Q2 we rapidly expanded our training and support activities and have engaged eight contract regional Master Instructors. As of June 30, 2019, over 65 agencies had received BolaWrap 100 training with approximately 390 training officers at those agencies certified as BolaWrap 100 instructors qualified to train their departments.
  • We were recently granted our fifth U.S. patent and have eight other U.S. patents pending on our remote restraint device and technology. We have foreign patents pending, targeting the European Union (17 countries) and 17 other countries. We are also being awarded U.S. and foreign tradenames to support our international branding strategy.
  • In June 2019 we leased and occupied a 11,000 square foot facility in Tempe, Arizona that we expect to provide additional assembly, warehouse and training space for expected growth during the balance of 2019 and in 2020.

Management Commentary

“We are excited to be showing the upgraded BolaWrap 100 product with its integrated green line laser to domestic and international customers,” said David Norris, CEO of Wrap Technologies. “The ability to more reliably target a subject has been met with very favorable response from agency heads and trainers.

“In the first six months we elected to accelerate international distribution and engage domestic distributors to target a larger number of smaller agencies throughout the U.S. With over 15,000 federal, state and local law enforcement agencies, distributors offer the ability to sell to these customers more rapidly and efficiently. Our recent funding allows us to build the organization to support multiple distribution channels, provide professional training and build production capacity.

“Our branding and media efforts are positioning our BolaWrap solution as a new category of remote restraint for early engagement that is low on the use of force continuum. The need for less lethal early restraint is clear for many encounters including many with the mentally ill. Awareness is rapidly growing that BolaWrap can be a useful tool to help restrain the mentally ill involved in an estimated 1 in 10 police encounters and 1 in 4 fatal encounters. Since we began product demonstrations last year, BolaWrap has appeared on television more than 500 times and has been viewed on social media more than 35,000,000 times.

“July was a busy month for our team as we added new international and domestic distributors and accelerated our training activities. We have nine domestic distributors covering 38 states and ten international distributors covering 17 countries. We now have ten Master BolaWrap Instructors nationwide to support our distributors and expedite the sales cycle.

 “We continue to innovate and add to our IP portfolio. We plan to continue to enhance our remote restraint offerings to meet the needs of law enforcement agencies.”

Q2 Financial Summary

As a result of the June 2019 follow-on public offering, the Company improved its financial position and ended the second quarter with $21.4 million in cash and cash equivalents and working capital of $22.1 million. Other than $0.2 million of long-term right-of-use operating lease liability, the Company has no other debt not included in working capital. Stockholders’ equity was $22.5 million at June 30, 2019.

Second quarter revenues were slowed as we waited to ship the improved BolaWrap 100 model with its integrated green line laser. This enhanced product began shipping in late May 2019 and we are building production for larger product shipments that we expect to deliver to customers in the second half of 2019. Revenues were $48,948 for the second quarter and $162,901 for the six months ended June 30, 2019. There were no comparable prior period revenues.

Gross profit margin was 40% for the second quarter and 49% for the six months ended June 30, 2019. We have just commenced product sales and we are establishing distribution and related production. We intend to rely on both direct and distributor sales both domestically and internationally and changes in sales channels can impact 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 costs for the second quarter were $1,481,187, compared to $581,575 during the year-ago quarter. We have expanded our sales, training and support activities as we commenced sales. Selling, general and administrative costs for the six months ended June 30, 2019 were $2,669,063, compared to $920,742 for the prior comparable period. In the near term we expect to expend additional resources on the marketing and selling of our products, training distributors and customers and administratively supporting our operations.

Research and development costs for the second quarter were $516,213, compared to $193,629 during the year-ago quarter. Research and development costs for the six months ended June 30, 2019 were $891,032, compared to $289,614 for the prior comparable period. Increased costs related to increased research and production development personnel and increased consulting costs related to developing systems for monitoring research and production. We expect our research and development costs will vary depending on specific research projects and levels of internal and external staffing and prototype costs.

The net loss for the second quarter ended June 30, 2019 was $1,914,074, or $(0.07) per share, compared to $775,542, or $(0.03) per share, during the prior year’s second quarter. The net loss for the six months ended June 30, 2019 was $3,394,855, or $(0.12) per share, compared to $1,210,920, or $(0.05) per share. The net loss for each six-month period included $600,898 and $172,973, respectively, of non-cash stock-based compensation expenses.

Screen Shot 2019-08-05 at 4.41.11 PM
Screen Shot 2019-08-05 at 4.41.26 PM

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

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Wrap Continues US Distributor Training

Eight of Nine US Distributors Covering 38 States Trained to Commence Selling to US Law Enforcement

LAS VEGAS, Nevada, July 31, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced the Company has completed training eight of their recently signed nine domestic Distributors covering 38 states across the U.S. They can now commence promoting and selling BolaWrap products to city, county, and state law enforcement agencies.

“We have received more than 1,200 requests for demonstrations, training and purchase from U.S. law enforcement agencies,” said Tom Smith, President at Wrap Technologies. “We decided the quickest and most efficient way to meet demand and cater to law enforcement agencies looking to utilize our new remote restraint technology is to build out a network of U.S. distributors. As we complete their training, distributors can sell BolaWrap products to their existing law enforcement customers and other local agencies.”

Once a police department indicates interest in purchasing a BolaWrap product, their trainers are trained by Wrap Training Department’s Master BolaWrap Instructors. The police department’s trainers are then certified to train the department’s line level officers.

The Wrap Training Department currently consists of 10 Master BolaWrap Instructors nationwide, and the Company expects to grow that number to 50 Master Instructors by early 2020.

“The development of a strong and comprehensive training program will not only expedite the sales cycle, but is essential to the success of the BolaWrap in the field,” said Rick Guilbault, VP of Training at Wrap Technologies. “We are building a training infrastructure to provide police departments a clear understanding of BolaWrap and its applications to everyday encounters with non-compliant subjects.”

Video highlights of a most recent training session with one of the BolaWrap distributors 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

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Wrap Signs Agreements with 3 More International Distributors Covering 5 Countries

32 Countries Approved for Export License by US Department of Commerce

LAS VEGAS, Nevada, July 30, 2019 - Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced that the Company has signed three new exclusive international distributor agreements covering 5 countries. Wrap’s international distribution network now includes 10 distributors covering 17 countries.

Countries represented by new international distributors include: Singapore, Saudi Arabia, Macau, Hong Kong, and Argentina. Previously announced distributors cover Australia, New Zealand, Malaysia, South Korea, Netherlands, Luxembourg, Belgium, Italy, Spain, and Canada.

Export licenses for 32 countries have been approved by the US Department of Commerce. The Company has trained six of the ten international distributors thus far with plans to train the rest of the distributors in the coming weeks. Training distributor personnel empowers them to demonstrate and sell the BolaWrap products to their customers.

In addition to the 10 exclusive international distributors, Wrap has received US Department of Commerce export licenses or is working with non-exclusive distributors and representatives arranging initial product introductions in an additional 25 countries.  Some of these countries include Jordan, Qatar, Bahrain, Kuwait, United Arab Emirates, several Caribbean Island countries, France, Switzerland, United Kingdom, Cyprus, Italy, Mexico, Colombia, Indonesia, Thailand, Vietnam, Taiwan, Japan, Ecuador, Peru, Paraguay, and Brazil.

“We are moving at a great pace following our first $1+ million international order,” said Tom Smith, President of Wrap Technologies. “The international community continues to express a strong interest in the BolaWrap, and our growing distribution network enables us to meet the need for remote restraint.”

This past week the company performed a BolaWrap demonstration in Washington D.C. hosted by Fredrick County Sheriff’s Office to multiple countries including Colombia, Ecuador, Bolivia, Chile, Brazil, and US agencies including Fredericks Police Department, MPDC, FNA, and Howard County PD.

“We are on track to meet 2019 strategic objectives and are well funded to aggressively pursue both domestic and international sales opportunities,” added David Norris, CEO. “We are very pleased with the response from those agencies evaluating and those purchasing our improved BolaWrap 100 with its integrated green line laser.”

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

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Wrap Announces First $1+ Million International Order

Wrap Secures 3 Additional International Orders; 5 Domestic Distributor Orders

Las Vegas, Nevada, July 17, 2019 - Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced the Company has received an international distributor order valued in excess of $1 million. Under the terms of the order, Wrap has received an initial deposit and is supporting the distributor with training and demonstration of BolaWrap to customers. The Company expects to commence shipments in the second half of 2019.

The Company also reported receiving three additional international orders and its first five domestic distributor orders. In addition to placing initial orders, distributors are being trained in the proper use of BolaWrap devices and they have commenced selling Wrap products to customers throughout the United States.

“We are excited about our first significant international order,” said Tom Smith, President of Wrap Technologies. “We believe this is the first of many orders, as the interest from both the domestic and international communities has been tremendous. With this new order, Wrap will have shipped the latest BolaWrap model to six countries. We have received over 500 international inquiries from more than 90 countries expressing interest in BolaWrap. From my previous experience, I am pleasantly surprised how quickly we received our first $1M order. A remote restraint device is attractive to international agencies and accordingly we see the international market for BolaWrap as a significant growth opportunity for the Company.”

Distributor and customer orders for future deliveries are generally subject to modification, rescheduling or in some instances cancellation in the normal course of business.

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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

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

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Wrap Begins Shipment of Updated BolaWrap Device

Updated Device Features Green Line Laser; New Production Facility

LAS VEGAS, Nevada, June 27, 2019 - Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced that the Company has commenced shipping an updated version of the BolaWrap 100 remote restraint device and accompanying accessories to strategic police departments and international distributors.

“We are excited to introduce the updated version of the BolaWrap to the law enforcement community,” said Mike Rothans, Chief Operating Officer at Wrap Technologies. “Our mission at Wrap Technologies is to develop products that will assist in making the jobs of police officers safer. We took the feedback we received from various departments to improve our base device introduced last year and implemented those changes into the new version that is now shipping to customers.”

New features of the BolaWrap device include automatic green line laser activation, new device colors (yellow, green), device vibration to indicate the safety is disengaged, and more.

Earlier this month, the Company entered into a lease agreement for an 11,000+ square foot facility in Tempe, Arizona that the Company plans to use as a general office, warehouse, assembly, training and distribution space.

“We are continuing to field a high volume of inquiries for the BolaWrap 100. I am pleased with our fast start to the production and shipment of the updated BolaWrap device,” said Tom Smith, President of Wrap Technologies. “Our new facility will enable the mass production of BolaWrap devices and accompanying accessories.”

A video explaining in further detail the distinctions between the original and updated BolaWrap devices can be seen 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

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

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Wrap Technologies Set to Join Russell 3000® and Russell 2000® Indexes

LAS VEGAS, NV / ACCESSWIRE / June 20, 2019 - Wrap Technologies, Inc. (the "Company" or "Wrap") (WRTC), an innovator of modern policing solutions, today announced that it is set to join the Russell 3000® and Russell 2000® Indexes at the conclusion of the Russell U.S. Indexes annual reconstitution, effective after the U.S. market opens on July 1, 2019, according to a preliminary list of additions posted on June 14, 2019.

Annual Russell U.S. Indexes reconstitution captures the 4,000 largest U.S. stocks as of May 10th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell U.S. Indexes primarily by objective, market-capitalization rankings and style attributes.

"We are proud to have Wrap Technologies set to be added to the Russell indexes. The added exposure to the financial community as a component of the index will help us generate investor awareness around the commercialization of our innovative BolaWrap 100 remote restraint product, which has the potential to change how law enforcement interacts with the community," said David Norris, CEO of Wrap Technologies. This represents another important milestone for the Company since it listed on the Nasdaq Capital Market in December 2018. The Company completed a self-underwritten IPO in December 2017 and follow-on financings in October 2018 and June 2019, raising a total of $26.2 million in gross proceeds.

Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000®Index and the Russell U.S. Indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell 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, Inc.
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

NASDAQ: WRTC

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

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