TEMPE, Ariz., Aug. 05, 2021 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, reports on Florida’s Hillsborough County Sheriff’s Office (HCSO) announcement yesterday that it will be strategically deploying 165 BolaWrap Remote Restraint Devices following a successful pilot program earlier this year. In addition, HCSO released bodycam footage from three different uses during the trial period highlighting the BolaWrap as an effective and quick method for de-escalation in crisis situations.
“We are pleased that Hillsborough County Sheriff’s Office will be implementing BolaWraps following a successful pilot program with 20 deputies that commenced earlier this year,” said Tom Smith, CEO and President of WRAP. “The bodycam use case videos released yesterday by Hillsborough Sheriff’s Office demonstrate successful outcomes of early use of BolaWrap to prevent escalation to higher, pain compliance uses of force. We are extremely proud to see our products gaining traction and confidence from the law enforcement community, which will assist in improving crisis situation procedures and the overall relationship with the communities they serve.”
Hillsborough Sheriff Chad Chronister commented during a press conference yesterday, “I am pleased to announce that we are expanding our de-escalation capabilities with the addition of a new restraint device – the BolaWrap. The BolaWrap is a less-lethal tool that may be used to restrain a noncompliant individual.” He added, “With such positive results and our continued pursuit of de-escalation training techniques and resources, we will be strategically deploying 165 BolaWraps throughout the sheriff’s office in the coming weeks, to include members of our Uniform Patrol Districts and our Behavioral Resource Unit.”
“The BolaWrap helps build confidence within the community that they can have safer interactions with law enforcement, and it helps law enforcement by letting them know that a gun doesn’t have to be the only option,” said Yvette Lewis, President of the NAACP Hillsborough County Branch.
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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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.
Paul M. Manley
VP – Investor Relations
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