Wrap Technologies First International Order for BolaWrap 100

Fielding Worldwide Inquiries for New Non-Lethal Tool

LAS VEGAS, NEVADA / ACCESSWIRE / August 21, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, announced today it has accepted its first international order for its BolaWrap 100 non-lethal remote restraint device.

“We are seeing a dramatic increase in interest in BolaWrap 100 both domestically and internationally as a result of media and our marketing efforts,” said David Norris, President of Wrap Technologies. “We are being very selective as we develop export opportunities and acceptance of this first opening Asian order follows several months of diligence.”

In recent weeks the Company has fielded multiple inquiries from Europe, Asia (including the Middle East), Central and South America and Canada. The largest 100 countries in these markets represent an addressable market of over 12 million police officers compared to 765,000 sworn officers in the United States. In many countries, including England, Ireland, New Zealand, Iceland, Norway and others, police officers do not routinely carry firearms and have limited tools to engage an increasingly non-compliant public.

“While police worldwide are universally trained to de-escalate hostile situations and use minimal violence in response to a threat, challenges and controversies regarding use of force and mental health encounters create a receptive global market for our new early engagement tool,” stated Mr. Norris. “Our aggressive growth strategy includes targeting important international markets both directly and through qualified representatives.”

The Company reported that it is designing production to meet the potential of a very large global market for the BolaWrap 100. It is also developing export compliance and the logistics required to deliver in selected international markets. The Company owns three U.S. patents and five pending patents on its technology. The Company has also filed to reserve all international patent rights to its BolaWrap innovations. Other technology innovations are currently under development expected to result in more patent filings this year. The Company’s strategy is to aggressively secure its product innovations in both domestic and international markets.

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

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WRAP TECHNOLOGIES’ CONTACT :

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Fox News Features Non-Lethal BolaWrap 100

National Television, Web and Facebook Communities Respond to Chicago Area Demonstration

LAS VEGAS, NV / ACCESSWIRE / August 14, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today announced that last week’s BolaWrap 100 product demonstration to 11 local agencies hosted by the Buffalo Grove, Illinois police department was captured by Fox News and the story aired nationally. The story was also profiled on Fox’s Facebook page.

The video and story can be accessed at Fox’s web site at the following link:

Police officers test new hand-held remote restraint device that fires an eight-foot-long Kevlar tether

Several police chiefs were interviewed by media with the focus on engaging with the mentally ill. Buffalo Grove Police Chief Steve Casstevens said, “I think it’s just another tool in the toolbox for officers when they’re confronting perhaps a mentally ill person or a subject who wants to commit suicide.” Aurora Police Chief Kristen Ziman added in a media interview, “It’s impressive and it’s absolutely something I’d be considering.”

“We continue to see a very positive reception from local agencies and stakeholders including media as we demonstrate the patented BolaWrap 100 solution,” said David Norris, President of Wrap Technologies. “The benefits of early remote restraint are appreciated by those answerable for making modern policing safer.”

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

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WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Wrap Technologies Appoints Chief Don De Lucca as Ambassador of Public Safety

Non-Lethal BolaWrap 100 Device Filling Gap in Force Continuum

LAS VEGAS, NV / ACCESSWIRE / August 7, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today announced that Chief Don De Lucca has joined the Company as Ambassador of Public Safety, a key sales position as the Company introduces its non-lethal BolaWrap 100 restraint device to law enforcement agencies across the nation. Chief De Lucca, immediate Past President of the International Association of Chiefs of Police (IACP), is responsible for building relationships with law enforcement agencies and focusing communication with all stakeholders seeking to reduce the injuries and fatalities from police/public encounters especially with those in mental crisis.

Chief De Lucca is a highly decorated 33-year veteran of law enforcement with extensive experience in non-lethal weapons and community policing initiatives. From August 2014 to March 2018 he served as Chief of the City of Doral Florida Police Department, one of the fastest growing cities in the United States with a population over 50,000. From 2011 to 2014, he was the Chief of the Golden Beach Police Department. From 2007 to 2011 he was a partner in a global investigative company. Previously he served over twenty-six years with the Miami Beach Police Department serving as Chief of Police from 2001 to 2007.

“As immediate Past President of IACP serving as President in 2017, Chief De Lucca is a recognizable and extremely credible ambassador for our innovative BolaWrap 100 solution,” said David Norris, president of Wrap Technologies. “I am very impressed with the expertise he brings to his role and his ability to clearly communicate the virtues of our solution to law enforcement and community stakeholders.”

“At a lower level in the force continuum there is a gap in the tool set currently available and truly needed for law enforcement officers especially in dealing with the mentally ill,” said Chief De Lucca. “This is an exciting time at Wrap Technologies as agencies are reacting very positively to BolaWrap to protect the community and officers without the need to resort to pain compliance or more lethal force. There is nothing like the BolaWrap 100. I believe it is a game changer.”

For information on the Company please visit www.wraptechnologies.com.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

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WRAP TECHNOLOGIES’ CONTACT :

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Wrap Technologies Awarded Third Patent on Non-Lethal BolaWrap Restraint Device

LAS VEGAS, NV / ACCESSWIRE / July 31, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today announced the issuance of the third U.S. patent on its innovative non-lethal restraint device and technology. This third grant in last two months is representative of the Company’s rapidly growing intellectual property portfolio.

The Company has multiple U.S. and foreign patents pending on various aspects of its restraint technology. Other technology innovations are currently under development that are expected to result in more patent filings this year. The Company’s strategy is to aggressively secure its product innovations in both domestic and international markets.

The Company’s Chief Technology Officer and award-winning inventor, Elwood (Woody) Norris stated, “What started out as a simple request from veteran police officers to help address the urgent issue of police encounters with the mentally ill has now led to a patented technology and product generating worldwide interest. This important new patent focuses on key aspects of the ability to make an effective remote restraint device in a very small package, an important requirement for use in modern policing.”

According to the International Association of Chiefs of Police (IACP), law enforcement officers nationwide are increasingly called upon to respond to and intervene on behalf of the 44.7 million people in the United States affected by mental illness. The nature of this interaction has become an issue of national concern. With 24% of fatal police encounters in 2017 involving mental illness, the new BolaWrap 100 offers a solution designed for de-escalating and reducing the number of fatalities, injuries and incidents of use of force.

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab on the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Read This Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT :

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Media Covers Wrap Technologies’ Non-Lethal BolaWrap in Springfield, Missouri

LAS VEGAS, NV / ACCESSWIRE / July 25, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today provided a link to media reporting on yesterday’s BolaWrap 100 demonstration sponsored by Springfield, Missouri Police Department. The BolaWrap non-lethal restraint product demonstration was attended by approximately 20 officers from 3 local agencies.

Reporter Linda Russell of KY3 TV (Springfield, Missouri) narrated the coverage on the BolaWrap non-lethal product. The full report entitled ”Company demonstrates new non-lethal weapon for police in Springfield” is on the station’s website.

”Looking at ways to give officers another tool before having to resort to that last resort sometimes if someone has a weapon or attacks an officer, where they have to shoot them and potentially kill them and we have had that happen here as well,” said Chief Paul Williams of the Springfield, MO Police Department in the report. BolaWrap is designed as an early engagement tool to de-escalate encounters especially with those in mental crisis.

”We continue to see tremendous cooperation between agencies and local stakeholders including media as they evaluate our solution,” said David Norris, President of Wrap Technologies. ”The benefits of early remote restraint are being appreciated by those answerable for reducing incidents of injurious force.”

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the ”Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Read This Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Wrap Technologies Reports First Field Testing of BolaWrap 100

LAS VEGAS, NV / ACCESSWIRE / July 18, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today announced significant progress towards commercializing the BolaWrap™ 100.

“As we outlined in April, commercialization of a new police product involves demonstration, in-house evaluation, training and policy development and field testing before adoption as a standard policing tool,” explained David Norris, CEO of Wrap Technologies. “We have demonstrated BolaWrap 100 to over 30 departments and are sponsoring 10 leading law enforcement departments across the nation that are in various stages of the testing process. We are pleased to report that the first agencies have advanced through in-house testing, completed policy and training, and now are field testing our solution with selected officers. This is an important step towards procurement.

“We believe the rapid pace we are seeing in a typically long process is driven by the desire of agencies to meet community demands to more humanely interact with the public, especially subjects in mental crisis. Although many subjects may not have a firearm, encounters still often present a danger to the public, themselves or the officer in the performance of his or her duties. Today police have limited options available to use in such encounters that do not escalate the situation.”

The hand-held BolaWrap 100 is an early engagement tool intended to reduce the need and frequency for pain-inflicting or injurious use of force. It was designed alongside law enforcement with a focus on the complex problem of interacting with the mentally ill. According to a study by the “Treatment Advocacy Center” there is an estimated 7.9 million adults in the U.S. with a severe mental illness. While representing 4 of 100 adults, they generate 1 in 10 calls for police service and unfortunately, they represent 1 in 4 fatal police encounters.

“The professional law enforcement agencies we are sponsoring are leaders engaging with community stakeholders on this very important issue. We are excited that the first of these agencies have completed training, cleared new use policies and are now placing BolaWrap in the field,” concluded Mr. Norris.

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented and patent pending, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Read This Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Wrap Technologies Secures First Patent – Recaps IP Strategy

LAS VEGAS, NV / ACCESSWIRE / July 10, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today announced the granting of its first U.S. patent and recapped its intellectual property strategy.

The Company recently secured its first U.S. patent on its BolaWrap remote restraint technology and has an additional seven U.S. patents pending. The Company has also filed to reserve all international patent rights to its BolaWrap innovations. The Company’s strategy is to protect and vigorously defend its comprehensive intellectual property through patents, trademarks, trade craft and trade secrets. Additional patent filings are anticipated for its BolaWrap technology and additional product and technology innovations are under development.

The inventor of the Company’s BolaWrap technology, Elwood (Woody) Norris, serves as its Chief Technology Officer. He has been granted over 80 U.S. patents covering a range of pioneering innovations including non-lethal hailing devices, defense technologies, medical technology, data storage and audio electronics. His pioneering patents have served as part of the foundation of billion-dollar product markets. Companies founded by Mr. Norris have also successfully defended core technology patents through enforcement and licensing generating over $300 million in gross license fees from major international technology companies.

Mr. Norris is a past recipient of the prestigious Lemelson-MIT $500,000 national inventor prize. He has also been a frequent feature speaker on patents and innovation to attorneys in the U.S. patent office and at events sponsored by major corporations including IBM, General Motors, Chrysler Corporation, RIM (Blackberry) and others.

“Woody accepted the challenge from law enforcement to develop a non-lethal solution to restrain subjects,” said Michael Parris, former law enforcement officer and independent Board Member at Wrap Technologies. “His invention restrains without relying on pain compliance, a critical law enforcement need especially for encounters with subjects suffering a mental crisis. We are very encouraged by the response from law enforcement and other stakeholders dedicated to de-escalating police encounters with the public.”

“We expect our first patent and additional patents issuing in 2018 to firmly establish that our technology is novel, of utility and a significant advancement over prior art,” stated inventor Woody Norris. “Our first product, the hand-held BolaWrap 100, resulted from thousands of hours of experimentation, refinement and testing by our development team along with law enforcement agencies. Our interactions with prominent law enforcement officers nationwide has inspired me to address other needs and we expect to offer a range of new product solutions to help meet the challenges of modern policing.”

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

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WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Wrap Technologies Director Michael Parris Championing Humane Non-Lethal Engagement

LAS VEGAS, NV / ACCESSWIRE / July 5, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today highlighted activities related to the use of its BolaWrap non-lethal remote restraint device in mental health encounters.

”Independent director Michael Parris is leading our outreach to stakeholders in confronting the challenging issue of police engagements with those in mental crisis,” said, David Norris, President of Wrap Technologies. ”Michael is connecting with the mental health community, government officials, civil rights advocates, law enforcement executives and others to discuss more humane non-lethal responses that protect the public and law enforcement.”

Mr. Parris was appointed as an independent director in November 2017 prior to the closing of the Company’s self-underwritten IPO. Since 1996, Mr. Parris has been a partner at PR Partners Inc., a sports management firm, primarily overseeing the SHAQ Brand and other strategic alliances. His role with the SHAQ Brand includes business development, worldwide brand management and marketing, public relations and intellectual property policies for NBA hall of fame player, Shaquille O’Neal.

From 1986 to 1996, Mr. Parris had a successful career in law enforcement with the Newark Police Department in Newark, New Jersey. As a member of the department, he was promoted to the rank of Lieutenant and commanded several specialized units including Homicide, Robbery and Internal Affairs.

”A goal of modern policing is to de-escalate encounters early before they become injurious to subjects or police while also serving and protecting the public,” said Mr. Parris. ”Police encounters with those with mental illness are extremely challenging and too often escalate with regrettable outcomes. I believe BolaWrap is an important tool to help law enforcement engage with uncooperative subjects many who are in some form of mental crisis.”

”Michael’s appointed to the Board of Directors reflected his passion for non-lethal policing focusing on the mentally ill and subjects in crisis,” added Mr. Norris. ”As a law enforcement veteran and work with the SHAQ brand, Michael has extensive experience with community policing issues. We are pleased he is taking the lead to publicize the BolaWrap more humane non-lethal engagement solution.”

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the ”Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

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WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

Ferguson, Missouri, Police Focus on Non-Lethal Policing by Introducing BolaWrap 100 to Media

LAS VEGAS, NV / ACCESSWIRE / June 26, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, reported continued strong media attention focusing on the Company’s innovative BolaWrap 100 solution for remote restraint. Many law enforcement agencies are inviting media to attend product partnership kickoffs as part of their commitment to less lethal policing. The Company’s most recent demonstration to the Ferguson Police Department was attended by a variety of television, radio and print media. Highlights include:

  • Fox2Now (KTVI St. Louis) – Local police get demonstration of new non-lethal restraining device – Television news report featuring Mike Rothans, spokesperson for Wrap Technologies and interviews with Ferguson Police Chief Delrish Moss and Redditt Hudson, vice president of civil rights advocacy at the Urban League of Metropolitan St. Louis.
  • 5 On Your Side (KSDK St. Louis) – Ferguson police test ‘non-lethal’ device – Television news report focused on mental health issues in policing with interviews with Chief Moss and Reverend Starsky Wilson, former co-chair of the Ferguson Commission dealing with racial issues.
  • News 4 (KMOV St. Louis) – Ferguson police demonstrate non-lethal tool to deal with combative subjects – Television news report focused on the potential to utilize the BolaWrap 100 as a creative tool for law enforcement to restrain uncooperative or mentally ill suspects, with interviews featuring Ferguson Police Chief Delrish Moss and Mike Rothans, spokesperson for Wrap Technologies.
  • News Radio 1120AM (KMOX St. Louis) – Bola Wrap Gives Police Officers Non-Lethal Option – Radio news report discusses the history, innovation and potential objections of the BolaWrap 100. Interviews consisted of Ferguson Police Chief Delrish Moss and Mike Rothans, spokesperson for Wrap Technologies.

“We are pleased that our innovative product is in the forefront as organizations focus on less lethal policing especially dealing with mental crisis events,” said David Norris, President of Wrap Technologies. “Our aim is to be more humane and socially conscious as we make encounters more effective and less dangerous to law enforcement and the public. We are engaging selected high-profile agencies, such as Ferguson, as we refine the BolaWrap 100 solution.”

The patented hand-held BolaWrap 100 was inspired by law enforcement professionals. The product is designed to safely and effectively control encounters by remotely wrapping a subject’s legs limiting the need for potentially injurious less lethal or lethal force.

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Read This Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com

 

Park City Police to Field Test Wrap Technologies’ Non-Lethal BolaWrap 100 Test Follows Successful Product Demonstration Attended by Multiple Media Outlets

LAS VEGAS, NV / ACCESSWIRE / June 18, 2018 / Wrap Technologies, Inc. (OTCQB: WRTC), an innovator of modern policing solutions, today announced that field testing of the new BolaWrap 100 remote restraint device is scheduled to commence with the Park City (Utah) Police Department. The Company has provided Park City with equipment to deploy to identify the best use cases for BolaWrap remote restraint and evaluate effectiveness as an early engagement tool.

The patented hand-held BolaWrap 100 was inspired by law enforcement professionals. The product is designed to safely and effectively control encounters by remotely wrapping a subject’s legs limiting the need for potentially injurious less lethal or lethal force. The goal is to meet modern policing requirements with a solution that assuages public demands for less lethal policing in a range of police encounters.

“We are excited that the Park City Police Department is joining other select agencies to evaluate BolaWrap 100,” said David Norris, President of Wrap Technologies. “We are seeing a rapid transition from evaluation to field test deployment. Park City and other agencies are also engaging local media as part of their commitment to less lethal policing especially in mental health settings.”

“The BolaWrap gives us another option that we might be able to use to restrain somebody with a less than lethal force option,” said Park City Police Chief Wade Carpenter. “There are often times when our officers encounter intoxicated or mentally ill people that pose a significant risk to officers and the public. In those situations, it would be useful to have another tool, especially one that doesn’t inflict pain.”

The Company has a growing number of product partnerships with high profile agencies designed to ensure the BolaWrap 100 meets customer requirements to restrain noncompliant individuals. The aim is to make encounters more effective and less dangerous to law enforcement and the public.

For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage, including media interviews with agency representatives, are available as links under the “Media” tab of the website.

About Wrap Technologies (OTCQB: WRTC)

Wrap Technologies is an innovator of modern policing solutions. Wrap Technology premiered its hand-held BolaWrap™ 100 remote restraint solution at the International Association of Police Chiefs (IACP) October 2017 international conference. In December 2017 the Company completed a self-underwritten IPO and trades on the OTCQB Venture Market for early stage and developing U.S. and international companies.

BolaWrap is a patent pending, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the small but powerful BolaWrap assists law enforcement to safely and effectively control encounters.

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 manufacture and produce product for its customers; the Company’s ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Read this Press Release on Yahoo Finance

WRAP TECHNOLOGIES’ CONTACT:

Investor Relations                                                                                                                                                          IR@wraptechnologies.com