TEMPE, Ariz., Sept. 09, 2021 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today announced Genova, Italy is launching a field trial of the BolaWrap. This announcement follows the Company’s June demonstrations in Italy through its established distributor Defconservices, as was previously announced here.
Genova is Italy’s sixth largest city with a population of 560,000. Its Police Department is the first Italian agency to start to deploy BolaWrap devices in the field.
The police department in Genova held an event on 6th September 2021 demonstrating the BolaWrap that can be viewed here. The event was attended by senior officials from an array of Italian agencies along with local and national media. Gianluca Viale – Genova City Municipal Councillor for Safety, and Gianluca Giurato – Genova Chief of Police, stated:
“The objective of starting the in-field tests is for the ultimate adoption of this new tool, already in use in the United States. The purpose of this operational period is to understand if it works here and if it serves the needs of proportional intervention.” (Giorgio Viale, Municipal Councillor for Safety)
The Commander of the Local Police of Genova; Gianluca Giurato underlined, “It is not a weapon, but an extra resource for our security operators. It is quite clear that our agents facing complex scenarios would benefit from more suitable tools for protection, whether it be their own or others. This new technology is an original system with a very low risk of injury and will help us remotely restrain potentially dangerous subjects safely.”
“Our international distributors continue to demonstrate their excellent ability to drive awareness and adoption of the BolaWrap device,” said Jags Gill, WRAP VP of International Sales. “Our distributors cover more than 40 countries and are working tirelessly with the relevant authorities to classify, demonstrate, and place BolaWraps with leading law enforcement and military officials who can most benefit.
“Danila Maffei of distributor Defconservices led this test and evaluation effort in Genova. We look forward to rapid adoption of the BolaWrap throughout Italy and rapid global success.”
Media coverage of the event included:
WRAP Technologies (Nasdaq: WRAP) is a global leader in innovative public safety technologies and services. WRAP develops creative solutions to complex issues and empowers public safety officials to protect and serve their communities through its portfolio of advanced technology and training solutions.
WRAP’s BolaWrap® Remote Restraint device is a patented, hand-held pre-escalation and apprehension tool that discharges a Kevlar® tether to temporarily restrain uncooperative suspects and persons in crisis from a distance. Through its many field uses and growing adoption by agencies across the globe, BolaWrap is proving to be an effective tool to help law enforcement safely detain persons without injury or the need to use higher levels of force.
WRAP Reality, the Company’s virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform providing first responders with the discipline and practice in methods of de-escalation, conflict resolution, and use-of-force to better perform in the field.
WRAP’s headquarters are in Tempe, Arizona. For more information, please visit wrap.com.
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WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologies/
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.
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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”, 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; 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 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.
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