WRAP Announces International Sale of 15,000 Cartridges for its BolaWrap Remote Restraint Device
TEMPE, Ariz., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the "Company"), a global leader in innovative public safety technologies and services, today announced the international sale of 15,000 cartridges for its BolaWrap 100(R) remote restraint device.
"This activity validates the International market's growing commitment to less use of force, not only in choosing to carry the BolaWrap, but in providing officers with ample opportunity to consistently and effectively train for field use," said Tom Smith, WRAP CEO & President. "WRAP is dedicated to designing and manufacturing best-in-class less-lethal force options, as well as ensuring that officers have the professional development opportunities necessary to make lasting changes to their use-of-force programs."
Wrap received the order in late December of 2021 and the revenue is expected to be recognized in Q4 2021 and Q1 2022.
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. |
