Strong International Interest in BolaWrap at IACP Convention
LAS VEGAS, NV / ACCESSWIRE / October 9, 2018 / Wrap Technologies, Inc. (the ”Company”) (WRTC), an innovator of modern policing solutions, announced its first important international news coverage this past weekend in a report by The Times & Sunday Times based in London. The article entitled ”Kevlar lasso offers police alternative to the Taser” highlighted the Company’s recent demonstration to the Yonkers, New York Police Department and noted that ”In the face of a national civil rights movement over the shooting of unarmed civilians, police forces all over the US are testing a weapon designed to lasso fleeing suspects with a Kevlar rope.”
The online version of the report included a video demonstrating BolaWrap in action (Video Link). The text of the report accompanying the video and reported by The Times & Sunday Times follows:
In the face of a national civil rights movement over the shooting of unarmed civilians, police forces all over the US are testing a weapon designed to lasso fleeing suspects with a Kevlar rope.
Developed two years ago, the BolaWrap is slightly larger than a television remote and boasts laser sights and a range of 25 feet.
It fires like a handgun, shooting out an 8ft length of rope at 640ft per second. The rope is weighted on either end with hooks designed to catch hold of a suspect’s clothes as they wrap around his legs or torso.
In New York, where it was tested recently by the Yonkers police department, it prompted comparisons to one of the devices carried on the utility belt of Batman in 2008’s The Dark Knight.
”Anytime you have an option to use less force, it’s good for everyone,” Charles Gardner, Yonkers police commissioner, told the New York Post.
The Las Vegas company behind the device said it had been tested by police all over the country.
Alex Barnes of Wrap Technologies said it was created by Woody Norris, an inventor who has developed sonic weapons used to ward off pirates.
He said: ”The reaction from the law enforcement community has been overwhelmingly positive.”
The Company is participating in the 125th International Association of Chiefs of Police (IACP) Conference (Booth 339) at the Orange County Convention Center in Orlando, Florida through Tuesday, October 9th. ”The interest from international police agencies and distributors has been especially intense this year,” said David Norris, President of Wrap Technologies. ”We expect to report new international partnerships over the coming months as we begin to address the worldwide market for remote restraint.”
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 (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 small but powerful BolaWrap assists law enforcement to safely and effectively control encounters, especially those in mental crisis.
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.
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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 develop and 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.
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