Business
Wrap Technologies Receives Multiple International BolaWrap(R) Orders
TEMPE, AZ / ACCESSWIRE / August 10, 2020 / Wrap Technologies, Inc. (the "Company" or "Wrap") (NASDAQ:WRTC) announced today that it received new international
About this update from Wrap Technologies, Inc.
[{"type":"text","content":"TEMPE, AZ / ACCESSWIRE / August 10, 2020 / Wrap Technologies, Inc. (the \"Company\" or \"Wrap\") (NASDAQ:WRTC) announced today that it received new international orders for BolaWrap products and accessories. The orders are from the following:Two new law enforcement agencies in CanadaOne new customer in South AmericaOne new customer in the Middle EastOne follow on order from the Middle EastCompletion of these orders will increase Wrap's presence from 27 to 29 countries.Tom Smith, President of Wrap Technologies commented, \"We are very pleased with the continued growth of the BolaWrap across the international community. The need for effective and humane tools that do not rely on pain to force compliance is not just a challenge in the United States but also prevalent internationally as is clearly reflected by the strong demand for the BolaWrap Remote Restraint solution.\"About Wrap Technologies (Nasdaq: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 restrain an individual at a distance from 10 to 25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement in safely and effectively deescalating encounters, especially those involving an individual experiencing a mental crisis. For information on the Company, please visit www.wraptechnologies.com. Additionally, examples of recent media coverage are available as links under the \"Media\" tab of the website.Trademark Information: BolaWrap and Wrap 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 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\", \"predic...