Wrap Technologies, Inc. (Nasdaq:
WRAP) (“Wrap” or the “Company”), a global leader in
innovative public safety technologies and services, today announced
the launch of its Protest Riot Pack (PRP) by popular demand from
law enforcement agencies. Designed to empower law enforcement
agencies and keep cities safe, this solution is designed to
revolutionize public safety strategies. Additionally, Wrap is
developing a new training scenario for its Wrap RealityTM virtual
training platform that will provide the necessary situational
training to support law enforcement and the community.
Police departments have expressed a growing need
to enhance traditional crowd management and de-escalation methods.
Wrap’s introduction of the PRP solution underscores its recognition
of the shifting challenges that law enforcement professionals face.
This launch further solidifies Wrap’s dedication to promoting both
compassionate and pragmatic solutions.
“We believe in a world where civil discourse and
peaceful protests can be facilitated safely,” said Kevin Mullins,
CEO of Wrap Technologies. “BolaWrap® has been called upon to help
provide a safe, no-harm alternative to traditional crowd control
tactics. By deploying BolaWrap®, officers can remotely restrain
individuals in a safe manner during intense situations. Our
customers have asked for an easy-to-grab solution utilizing
BolaWrap® as the go-to tool for assisting in civil disturbance
calls, including protests and riots. Wrap is committed to public
safety and providing solutions that serve the community and law
enforcement with no-harm approaches to even the most difficult
situations. Our new PRP solution empowers law enforcement and
enhances public safety for all citizens.”
Key features of the PRP solution include:
- BolaWrap® 150 Remote
Restraint Device: BolaWrap deploys a 7.5 foot Kevlar
tether to safely restrain an individual at a safe distance without
causing harm, preventing the need for physical confrontation and
mitigating the risk of injury to all involved.
- Four BolaWrap®
Cassettes
- A “Go Pouch”: PRP
pouch enables the carry of the BolaWrap® 150 device and four
cassettes in a convenient easy-to-grab solution that has multiple
carry options including sturdy attachment to armored vests.
Set to launch in Q1 of 2024, Wrap will
additionally add a new protest scenario to its Wrap RealityTM
platform, enabling existing and new Wrap RealityTM customers to
train officers in how to best deal with tense crowd-control
encounters. Wrap RealityTM immerses law enforcement in lifelike
experiences to help familiarize officers with various scenarios,
decisions and outcomes.
The initiative marks a significant milestone in
Wrap’s goal of creating safer communities through innovative and
non-lethal solutions.
For more information, please visit
wrap.com/riotpack.
About Wrap
Wrap Technologies, Inc. (Nasdaq: WRAP) is a
leading global provider of advanced public safety solutions,
integrating ultramodern 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. Driving safer outcomes, empowering public
safety and communities to move forward together.
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 900 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.
Saving lives with each wrap.
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. Building safer communities one decision at a
time.
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.
Connect with Wrap: Wrap on
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Trademark Information
Wrap, the Wrap logo, BolaWrap®, Wrap RealityTM and Wrap Training
Academy are trademarks of Wrap Technologies, Inc., some of which
are registered in the U.S. and abroad. All other trade names used
herein are either trademarks or registered trademarks of the
respective holders.
Cautionary Note on Forward-Looking
Statements - Safe Harbor Statement 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”, 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 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
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 counties 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.
Wrap’s headquarters are in Tempe, Arizona. For more information,
please visit wrap.com.
Investor Relations Contact:
800.583.2652ir@wrap.com
Media Relations Contact: wrap@5wpr.com
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