SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : WRAP Technology
WRAP 2.660-5.3%9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Savant2/1/2022 9:40:44 AM
   of 55
 
WRAP Receives Largest Subscription Order to Date for its WRAP Reality Virtual Training Platform

TEMPE, Ariz., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the "Company"), a global leader in innovative public safety technologies and services, announced that it has received a purchase order for WRAP Reality, the Company's fully immersive, virtual reality training simulation system from a College Police Department in Pennsylvania.

The initial demo of the WRAP Reality system took place in July of 2021 and highlighted the benefits of roleplaying a scenario through an immersive and authentic simulator that helps police officers implement de-escalation tactics and enables them to practice ending situations without causing injury.

"By focusing on our commitment to improving how law enforcement handles conflict in life-threatening situations, we are establishing a leadership position in offering tools and resources to manage non-compliant subjects, quickly and safely," said Glenn Hickman, Chief Operating Officer of WRAP. "This agreement denotes our largest commercial purchase order to date for VR subscription and demonstrates the industry engagement we are seeing for our software services."

About WRAP

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(R) Remote Restraint device is a patented, hand-held pre-escalation and apprehension tool that discharges a Kevlar(R) 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.

Connect with WRAP:

WRAP on Facebook

WRAP on Twitter

WRAP on LinkedIn

Trademark Information

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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext