Business
Wrap Technologies Receives Significant New International Orders
TEMPE, AZ / ACCESSWIRE / February 10, 2020 / Wrap Technologies, Inc. (the "Company" or "Wrap") (NASDAQ:WRTC), an innovator of modern policing solutions, today
About this update from Wrap Technologies, Inc.
[{"type":"text","content":"TEMPE, AZ / ACCESSWIRE / February 10, 2020 / Wrap Technologies, Inc. (the \"Company\" or \"Wrap\") (NASDAQ:WRTC), an innovator of modern policing solutions, today announced it has received international purchase orders for 200 BolaWraps and 2,000 Cartridges and accessories.The purchasing police agency placed the orders after successful demonstrations and trainings completed late last year. Wrap also received an initial order in January from a new Asian country to commence demonstrations and trials of BolaWrap. The Company expects to recognize revenues from the orders during the first quarter of 2020.\"We are excited about our international expansion and the rapid adoption by premier international police agencies,\" said Tom Smith, President of Wrap Technologies. \"Countries that have already tested and evaluated the BolaWrap are now placing follow-on orders, and we're continuing to see new interest from previously unpenetrated markets.\"During the month of January, Wrap also demonstrated BolaWrap in two additional countries in Asia. The Company has delivered product to 22 different countries and signed 16 international distributors covering 26 countries in the last 10 months.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 entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. 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 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 lim...