Wrap Technologies Receives New International Order For 21,600 BolaWrap® Cartridges for The Indonesian National Police
Post Author: Wrap Technologies
Post Date: June 29, 2020
TEMPE, Arizona, June 29, 2020 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced the Company has received a new follow-on order for 21,600 additional BolaWrap cartridges for the Indonesia National Police force.
Earlier this month, the Company reported the fulfillment of an initial order of devices and cartridges placed by the Company’s distributor in Indonesia at the end of 2019. The Company’s distributor recently secured a contract with the Indonesian National Police force following successful BolaWrap demonstrations across the country. The Company supplied the Indonesian National Police force with BolaWrap devices customized with the police force’s logo and matching uniform colors.
“We are very pleased to see both new international orders and follow-on orders such as this one for a major police force,” said Tom Smith, President at Wrap Technologies. “We believe this order reflects the Indonesian National Police force’s acceptance of the BolaWrap as a viable solution to an age-old challenge in policing – safely detaining noncompliant subjects without injury.”
The Indonesian National Police force consists of approximately 387,000 police officers, and they plan to use this new order of cartridges with previously purchased BolaWrap devices to begin training thousands of officers in their agency.
“Wrap has worked hard to develop a strong international distribution network representing 29 countries,” said David Norris, CEO of Wrap Technologies. “BolaWrap devices are on the ground in 27 countries with distributors and agencies restarting demos and trainings following the COVID-19 lockdown. We believe BolaWraps’ remote restraint responds to the social distancing question for law enforcement wanting to de-escalate without using pain compliance tools.”
The Company expects to recognize revenue on this order in Q2 and Q3 of 2020.
Highlights from the BolaWrap demonstrations in Indonesia can be viewed here.
BolaWrap is a trademark of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.
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