LAS VEGAS, Nevada, December 17, 2018 – Wrap Technologies, Inc. (the “Company”) (Nasdaq:WRTC), an innovator of modern policing solutions, today announced that its current President, David Norris, has been promoted to Chief Executive Officer to lead the Company’s growing executive team.
Norris is an experienced executive and joined the Company as President in January 2018. From April 2014 to December 2017 Norris served in various executive roles, including President at privately held loanDepot, LLC as it rapidly expanded into the 5th largest mortgage lender in the US. loanDepot had 6,000 employees and generated $1B in revenue in 2017.
Prior to his time at loanDepot, Norris served as CEO of Greenlight Financial, President of LendingTree Loans, and other executive and management roles at Toshiba America Information Systems and Qualcomm Personal Electronics. In his early career, Norris served as a probation officer in San Diego County for five years.
“David’s operational, engineering and manufacturing experience will be essential to our success. His track record of running large and small businesses speaks for itself,” said Scot Cohen, Executive Chairman of the Board. “David’s integrity, knowledge, passion and reliability made him the success he is today. I’m grateful and proud to have him lead this company going forward.”
In his role as Chief Executive Officer, Norris will work to strengthen the Company’s sales and manufacturing initiatives to facilitate mass production and distribution of the BolaWrap 100 product in 2019. Norris will also support the Company’s award-winning inventor and Chief Technology Officer, Woody Norris, as he leads the Company’s research and development team to create new technological solutions for law enforcement and military.
“I’m excited about the opportunity to lead Wrap Technologies, especially now as the community demands alternative outcomes to everyday encounters with law enforcement. More effective, less lethal tools are needed, and we’re going to do our part to ensure the safety of officers and citizens alike,” Norris said.
“I think the Wrap Technologies management team consisting of leading executives, innovators, law enforcement professionals and manufacturing wizards provides a promising environment to make a large impact. I look forward to building upon that foundation through strong sales efforts, strategic acquisitions and partnerships, new products, and operational efficiencies to ensure we deliver the best products possible,” Norris added.
For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the ”Media” tab of the website.
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