Wrap Technologies Announces International Expansion of BolaWrap 150® Remote Restraint Devices Across Italy
28 Septembre 2023 - 10:05PM
Wrap Technologies, Inc. (NASDAQ:
WRAP), a visionary leader in advanced public safety
solutions, today announced the continued international adoption of
BolaWrap 150® remote restraint devices. Eleven police departments
across Italy have adopted the solution, marking a significant step
forward in Wrap Technologies’ commitment to providing innovative,
forward-thinking public safety solutions to law enforcement
officials worldwide.
"There is a global need for innovative policing solutions that
effectively prevent escalation and limit the use of force,” said
Kevin Mullins, CEO of Wrap Technologies. “We are excited to
continue expanding the international adoption of BolaWrap to help
law enforcement agencies across the globe better protect and serve
their communities.”
The eleven departments in Italy join 1000 agencies across the US
and 60 countries around the world who have adopted BolaWrap and the
company’s no-harm guiding principle.
Wrap Technologies’ BolaWrap is a proprietary technology that
allows officers to safely restrain individuals without causing
significant harm or escalating the situation. By deploying a
lightweight Kevlar® tether, BolaWrap can rapidly and securely
immobilize an individual's legs or arms, effectively minimizing the
potential for injury to both law enforcement and the individual
involved.
For more information about Wrap’s BolaWrap solution, please
visit wrap.com.
About WrapWrap Technologies, Inc. (Nasdaq:
WRAP) is a leading global provider of advanced public safety
solutions, integrating state-of-the-art technology, cutting-edge
tools, and comprehensive services to address the complex, modern
day challenges facing public safety organizations around the world.
Guided by a no-harm principle, Wrap is dedicated to developing
groundbreaking solutions that empower public safety agencies to
safeguard the communities they serve in a manner that fosters
stronger relationships and delivers positive public safety
outcomes.
Wrap’s BolaWrap® solution encompasses an innovative and patented
hand-held remote restraint device, strategically engineered with
Wrap’s no-harm guiding principle to proactively deter escalation by
deploying a Kevlar® tether that safely restrains individuals from a
distance. Combined with BolaWrap® training, certified by the
esteemed International Association of Directors of Law Enforcement
Standards and Training (IADLEST), Wrap enables officers from over
1000 agencies across the US and 60 countries around the world, with
the expertise to effectively use BolaWrap® as an early intervention
measure, mitigating potential risks and injuries, averting tragic
outcomes.
Wrap Reality™, the Company’s advanced virtual reality training
system, is a fully immersive training simulator and comprehensive
public safety training platform equips first responders with the
discipline and practice to prevent escalation, de-escalate
conflicts, and apply appropriate tactical use-of-force measures to
better perform in the field. By offering a growing range of
real-life scenarios, Wrap Reality™ addresses the dynamic nature of
modern law enforcement situations for positive public safety
outcomes.
Wrap’s Intrensic solution is a comprehensive, secure and
efficient body worn camera and evidence collection and management
solution designed with innovative technology to quickly capture,
safely handle, securely store, and seamlessly track evidence, all
while maintaining full transparency throughout the process. With
meticulous consolidation and professional management of evidence,
confidence in law enforcement and the justice system soars,
fostering trust and reliability in court outcomes. Intrensic’s
efficient system streamlines the entire process seamlessly,
empowering all public safety providers to focus on what matters.
Expediting justice with integrity.
Wrap’s headquarters are in Tempe, Arizona.For more information,
please visit wrap.com.
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Trademark Information
BolaWrap, Wrap and Wrap Reality are trademarks 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 StatementThis 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, expenses and break-even and
profitability expectations. Words such as "expect", "anticipate",
"should", "believe", "target", "project", "goals", "estimate",
"potential", "predict", "may", "will", "could", "intend", and
variations of these terms or the negative of these terms and
similar expressions are intended to identify these forward-looking
statements. Moreover, 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 successfully 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, including the
acceptance of the BolaWrap 150; the risk that distributor and
customer orders for future deliveries are modified, rescheduled or
cancelled in the normal course of business; 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
business impact of health crises or outbreaks of disease, such as
epidemics or pandemics; the impact resulting from geopolitical
conflicts and any resulting sanctions; the ability to obtain export
licenses for countries outside of the US; 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
mentioned in the Company's most recent annual report on Form 10-K,
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.
Investor Relations
Contact:800.583.2652ir@wrap.com
Media Relations Contact:Leigh Anne Arnold5W
Public Relationswrap@5wpr.com
Wrap Technologies (NASDAQ:WRAP)
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