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Wrap Technologies Launching Subscription Based Law Enforcement Behavioral Training with National Tactical Officers Association


Wrap Virtual Reality Accelerates Use of Force and Bias Training

TEMPE, Arizona – June 9, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, is pleased to work with the National Tactical Officers Association (NTOA) to provide in-depth training material and content for Wrap Reality’s virtual reality training scenarios.

Wrap Reality is the company’s new virtual reality training program that debuted during the International Association of Chiefs of Police (IACP) annual law enforcement trade show conference in Chicago in October 2019 and internationally during the Milipol trade show in Paris, France in November 2019.

Wrap Reality will be delivered along with BolaWrap products and accessories via a subscription model, enabling economic virtual reality training access for the smallest and largest agencies financially impacted by COVID-19 and recent riots.

“The response from both domestic and international law enforcement officers who experience our virtual reality scenarios has been extremely positive,” said Tom Smith, President at Wrap Technologies. “We are excited to be able to leverage the NTOA’s world-class expertise to develop an optimal virtual reality training program focusing on todays issues.”

Smith added, “Protests and demonstrations around the globe are demanding rapid change. This transformation will include new tools as well as enhanced training to address the social problems highlighted by this civil unrest.  BolaWrap is the only humane, remote restraint de-escalation tool that does not rely on pain compliance, and Wrap Reality with the NTOA will help bring immersive, real scenarios to life in virtual reality to accelerate learning new techniques and tools necessary for effective law enforcement.”

K. Thor Eells, Executive Director of the NTOA, said, "Law enforcement has been entrusted with enormous responsibility concerning use of force. It is our duty to ensure officers receive the best training possible to assure it is used judiciously and professionally. Since its inception, the primary goal of the NTOA has been to enhance the public safety profession through training. The collaboration between the NTOA and Wrap Technologies is the perfect combination of practical experience, education and technology focused on saving lives."

David Norris, Chief Executive Officer at Wrap Technologies, added, "Upgraded training opportunities for de-escalation and appropriate use of force to law enforcement agencies is the obvious next step for agencies carrying our humane BolaWrap remote restraint device. Wrap Reality teaches new methods and approaches that ultimately enhance the response of the officer and should have a positive impact on their community interactions.”

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About National Tactical Officers Association
The National Tactical Officers Association (NTOA) is a non-profit organization dedicated to serving the law enforcement community. The NTOA currently has more than 40,000 members from specialties that include patrol, TEMS, crisis negotiations, canine, corrections, sniper, protective operations, explosives, command, tactical dispatchers, behavioral sciences and more. These members take full advantage of the NTOA’s annual training conference, interactive members-only website offerings and eagerly await the arrival of its renowned publication, The Tactical Edge. The NTOA’s dedicated staff members work hand-in-hand with high-quality, real-world public safety experts to provide the best services to the NTOA members. This powerful combination contributes to the overall success of the organization through shared experiences and cutting-edge training.  The mission of the National Tactical Officers Association is to enhance the performance and professional status of law enforcement personnel by providing a credible and proven training resource as well as a forum for the development of tactics and information exchange. The Association’s ultimate goal is to improve public safety and domestic security through training, education and tactical excellence. The National Tactical Officers Association operates with Veritas (truth, honesty and integrity) in our relationships. For more information, please visit www.NTOA.org.

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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

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Wrap Technologies Virtual Annual Meeting of Stockholder Details


Meeting and Management Presentation at 10:30 A.M. PT on June 5, 2020

TEMPE, AZ / ACCESSWIRE / June 5, 2020 / Wrap Technologies, Inc. (the "Company" or "Wrap") (WRTC), an innovator of modern policing solutions, announced today a reminder of the details for its virtual-only annual meeting of stockholders (the "Meeting" or "Annual Meeting") to be held this morning, June 5, 2020 at 10:30 A.M. Pacific Time.

Stockholders of record and beneficial holders of common stock as of the close of business on April 9, 2020 (the "Record Date") can attend and participate in listen-only mode by accessing: https://app.livewebinar.com/wrap-technologies, which will go live at least 30 minutes before the Meeting. For admittance to the Annual Meeting virtually, stockholders and guests must log in and register upon accessing the webinar. Stockholders and beneficial holders of common stock as of the Record Date, may submit questions online during the Annual Meeting or during management's presentation immediately following the Annual Meeting. While participants are encouraged to join the webinar to see the full presentation, the Meeting can also be accessed in listen-only mode telephonically by dialing (858) 295-1025 and entering PIN 965441231#.

Wrap encourages stockholders to vote and submit their proxies in advance of the Meeting by methods described in the proxy materials. If stockholders have already voted, no additional action is required.

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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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

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Wrap Announces Closing of $12.4 Million Financing


Founder Elwood Norris Joins Other Shareholders to Exercise Over $4.1 Million of Outstanding Warrants

 TEMPE, Arizona, June 4, 2020 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced the closing of its previously announced $12.4 million financing. The financing was led by existing investors. The Company intends to use net proceeds to scale engineering, product development and to provide working capital to meet worldwide demand for BolaWrap products and accessories.

The Company also announced that its founder and largest shareholder Elwood Norris exercised 100,000 outstanding warrants at $5.00 per share for cash of $500,000. Other investors also recently exercised 2018 warrants that, including Mr. Norris’ new investment, has provided over $4.1 million of additional working capital to the Company. The Company currently has over $30.0 million cash on hand after these transactions.

“I am very pleased that we have the resources to innovate new products to assist law enforcement to meet the demands of modern policing,” said Elwood Norris, Chief Technology Officer of Wrap Technologies. “We are a dedicated pioneer of essential new innovations working with talented firms and a growing internal research team.”

In the registered direct offering the Company sold 2,066,667 units (each, a “Unit”) at a price of $6.00 per Unit. 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 an exercise price of $6.00 per share for a period of 24 months.

The sale and issuance of the securities was made by the Company pursuant to a registration statement on Form S-3 (File No. 333-228974), previously filed with and subsequently declared effective by the Securities and Exchange Commission on February 14, 2019. A prospectus supplement and accompanying base prospectus relating to the shares of common stock sold and shares of common stock underlying the warrants issued was filed with the SEC on June 1, 2020. Copies of the prospectus supplement and accompanying base prospectus may be obtained on the SEC's website at http://www.sec.gov.

Katalyst Securities LLC acted as a financial consultant to the Company in connection with the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
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Wrap Technologies Partnership Offers Free Grant Assistance for Law Enforcement Agencies


TEMPE, Arizona – June 4, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced a new partnership with PoliceGrantsHelp.com to offer free grant funding assistance to law enforcement agencies looking to purchase BolaWrap products and accessories.

“Grant funding plays an integral role in equipping law enforcement agencies and their first responders,” said Tom Smith, President at Wrap Technologies. “The difficult environments of social distance policing and mass rioting across the United States has only increased the demand for our remote restraint device, and we’re doing everything we can to ensure agencies can get the BolaWrap on their officer’s belts.”

Stacie Sundberg, Director of Sales Operations at Wrap Technologies, added: “Navigating the grant process can be complex and confusing. Through this program, we are providing law enforcement agencies with free and unlimited assistance from industry professionals. These grant experts will guide each customer throughout the entire process from research and application to narrative review, ultimately helping to secure funding for the BolaWrap.”

Agencies interested in obtaining grant assistance for purchase of BolaWrap products and accessories can begin the grant process by filling out the form here.

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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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
Press Releases

One America News Network to Interview Retired Philadelphia Police Commissioner Richard Ross


TEMPE, Arizona – June 3, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced that Richard Ross, retired Commissioner of Philadelphia Police Department and paid consultant for Wrap Technologies, is scheduled to be interviewed live at 12pm ET today via Skype on One America News Network.

Ross will be discussing BolaWrap and the current difficult climate of rioting across the United States.

Details of today's scheduled broadcast are as follows:

Date: Wednesday, June 3, 2020
Scheduled Start Time: 12pm ET*
Network: One America News Network (OAN-TV)
Host: Jennifer Franco

To learn more about One America News Network and where to watch, click here.

*Start times are subject to change

 Click below to receive breaking news alerts on Wrap Technologies.

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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
Press Releases

Fox Business Network to Interview Retired Philadelphia Commissioner Richard Ross and Wrap Technologies President Tom Smith


TEMPE, Arizona – June 1, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced that Tom Smith, President of Wrap Technologies, and Richard Ross, retired Commissioner of Philadelphia Police Department and consultant for Wrap Technologies, are scheduled to be interviewed live at 11:15am ET tomorrow morning via Skype on Fox Business Network’s “Varney & Co.”

Ross and Smith will be discussing BolaWrap and the current difficult climate of rioting across the United States.

Details of tomorrow’s scheduled broadcast are as follows:

Date: Tuesday, June 2, 2020
Scheduled Start Time: 11:15am ET*
Network: Fox Business
Network Show: Varney & Co.
Host: Stuart Varney

To learn more about Stuart Varney and "Varney & Co.", please visit: https://www.foxbusiness.com/shows/varney-co

*Start times are subject to change

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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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
Press Releases

Wrap Announces $12.4 Million Financing Led by Existing Investors


TEMPE, Arizona – June 1, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced today that it has entered into subscription agreements for the sale of 2,066,667 units (each, a “Unit”) at a price of $6.00 per Unit in a registered direct public offering resulting in gross proceeds of $12.4 million before advisory fees and other offering expenses.

The Company plans to use the cash proceeds to scale engineering, product development and to provide working capital to meet worldwide demand for BolaWrap products and accessories.

“We are very pleased with the support of our existing investors in this funding,” said David Norris, CEO of Wrap Technologies. “We believe the challenges of non-contact policing create opportunities for us to accelerate our product development to meet growing needs of both domestic and international law enforcement agencies.”

Each Unit consists of one share of the Company’s common stock and one common stock purchase Warrant, entitling the holder to purchase an additional common share at a price of $6.00 per share for a period of 24 months. The sale and issuance of the shares and warrants is expected to close on or before June 2, 2020, subject to customary closing conditions. Katalyst Securities LLC is acting as an advisory financial consultant to the Company.

The sale and issuance of the units is being made pursuant to the Company’s effective shelf registration statement on Form S-3 (File No. 333-228974), which was filed with the Securities and Exchange Commission on December 21, 2018 and was declared effective on February 14, 2019. The prospectus supplement and the accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 Click below to receive breaking news alerts on Wrap Technologies.

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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
Press Releases

Wrap Technologies President Tom Smith To Appear Live Saturday Morning on WFLD-TV Chicago


TEMPE, Arizona – May 29, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced that Tom Smith, President of Wrap Technologies, is scheduled to be interviewed live at 8:45 am ET tomorrow morning via Skype on WFLD-TV Chicago. Smith will be discussing the BolaWrap and non-contact policing during the pandemic era of COVID-19.

Details of Saturday’s scheduled broadcast are as follows:

Date: Saturday, May 30, 2020
Scheduled Start Time: 8:45am ET* (7:45 CT, Chicago)
Station: WFLD-TV Chicago, Fox 32
Host: Sally Schulze

The live broadcast can be viewed on online via this link.

*Start times are subject to change

 Click below to receive breaking news alerts on Wrap Technologies.

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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
Press Releases

BolaWrap Successfully Restrains Fleeing Subject in Texas

BolaWrap Used Running

Chief Thomas Peoples of the City of Oak Ridge Police Department Detains Subject with BolaWrap Without Injury

 

TEMPE, Arizona – May 29, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, is pleased to report another successful deployment of the BolaWrap on a fleeing suspect in Oak Ridge, Texas. BolaWrap is carried by more than 150 police agencies across the United States and has been used to safely de-escalate dangerous police encounters in various cities across Texas, California, Florida, and Minnesota.

On Tuesday, May 26, 2020, Chief Thomas Peoples was on a special assignment, called Project Safe Neighborhood, when he observed a documented gang member wanted for aggravated robbery. Chief Peoples approached the subject in an attempt to detain and arrest him. Upon seeing Chief Peoples, the subject began to run away. Chief Peoples deployed the BolaWrap, successfully wrapping the subject around the knees and successfully stopping his attempt to flee. 

Chief Peoples said about the deployment, "If I had not been carrying the BolaWrap device, I would have been forced to chase the subject and use a higher level of force to subdue him. The BolaWrap stopped a dangerous felon in his tracks without causing injury to the subject or myself. I am very pleased with the outcome of this potentially dangerous situation."

Mike Rothans, Chief Operating Officer at Wrap Technologies, added, "Chief Peoples’ decision to first use the BolaWrap to restrain the fleeing suspect before resorting to higher levels of force reflects his agency’s innovative and sensitive approach to policework. We increasingly see agencies across the United States utilize BolaWrap to safely end dangerous situations that may have otherwise resulted in injury to the subject or the officer."

 Click below to receive breaking news alerts on Wrap Technologies.

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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com

Categories
Press Releases

Wrap Technologies President Tom Smith To Appear Live on “National Report” on Newsmax-TV


TEMPE, Arizona – May 28, 2020 – Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced that Tom Smith, President of Wrap Technologies, is scheduled to be interviewed live this morning via Skype on Newsmax-TV Channel on the “National Report” program. Smith will be discussing the BolaWrap and pandemic policing during the era of COVID-19 and social distancing.

Details of the broadcast are as follows:

Date: Thursday, May 28, 2020
Scheduled Start Time: 11:30amEST*
Network: Newsmax-TV
Network Show: National Report
Hosts: Shaun Kraisman & Emma Rechenberg

The live broadcast can be viewed on cable television and online via this link.

To learn more about National Report on Newsmax-TV, please visit: https://www.newsmaxtv.com/Shows/National-Report

 Click below to receive breaking news alerts on Wrap Technologies.

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.
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wraptechnologies.com