Hendersonville PD Among Agencies in North Carolina, South Carolina, New York,
California, and Texas to receive BolaWrap Training in November 2019
TEMPE, Arizona, November 20, 2019 -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, reported that agencies across the US are implementing the BolaWrap less-lethal restraint solution to engage mentally ill and noncompliant subjects. The Company continues to provide demonstrations, training, and deliver BolaWrap product to new agencies.
Since November 1st, the Company has demonstrated the BolaWrap to agencies in New York, Georgia, South Carolina, North Carolina, Illinois, Virginia, Arizona, Wisconsin, Arkansas, Missouri and Canada, and the Company has trained agencies in New York, California, Texas, South Carolina and multiple international agencies, with more demonstrations and trainings scheduled for the remainder of the month.
“In my 33 years of law enforcement experience, it has been rare to see a new technology make such a large and immediate impact on the law enforcement community the way the BolaWrap has,” said Don De Lucca, Chief Strategy Officer at Wrap Technologies.
“People with untreated mental illness are 16 times more likely to be killed during a police encounter than other citizens, according to a study by the nonprofit Treatment Advocacy Center. Agencies understand the value of the BolaWrap as a safe way to restrain a mentally ill or noncompliant subject, as the agencies move through the phases of product demonstrations, training, policy writing and full field deployment,” De Lucca added.
“We worked hard on building out a robust distribution network across the US, and it is paying dividends,” said Tom Smith, President at Wrap Technologies. “With 11 distributors covering 45 US states, 15 international distributors covering 25 countries, and our outstanding internal sales team consisting of seasoned law enforcement excecutives, we are able to cover a lot of ground to meet the growing demand for the BolaWrap.”
Members of the Company are participating in this week’s Crisis Negotiation Conference held by the National Tactical Officers Association in Arizona, and the Milipol conference in Paris. Milipol Paris is the leading event for homeland security and is organized under the patronage of the French Ministry of Interior. It is an official event carried out in partnership with the French National Police and Gendarmerie, Civil Defence Service, French Customs, City Police, Interpol, etc., and has almost 30,000 visitors from 151 countries.
The Company was also featured on local FOX, NBC, CBS, and ABC networks this month - links to those stories can be found below.
North Carolina - Hendersonville Police Department to use new, less lethal use of force device
Arkansas - Law enforcement agencies test new restraint device
Missouri - Police Debut New Technology
Illinois - BolaWrap latest in less than lethal devices for police
South Carolina - New police tool wraps cord around body to subdue suspect
National Television - NCIS: Los Angeles
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.
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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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.