Wrap Technologies Inc Stock Price, News & Analysis

Wrap Technologies (Nasdaq: WRAP) has initiated a field trial of its BolaWrap device in Genova, Italy, which is the first Italian police agency to adopt this technology. The demonstration occurred on September 6, 2021, attended by key officials and aimed at evaluating the device's efficacy in real-world scenarios. The BolaWrap provides a non-lethal means for law enforcement to restrain individuals safely, positioning itself as an innovative tool in public safety. WRAP expects rapid adoption and increased international interest in their technology.

TEMPE, Ariz., Sept. 07, 2021 - Wrap Technologies (Nasdaq: WRAP), a leader in public safety technology, will participate in the virtual Colliers Securities Institutional Conference on September 9 and the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Tom Smith will present on September 13 at 7:00 A.M. (ET). Interested attendees can register for the webcast, which will be available on WRAP's investor website for 90 days. The company focuses on innovative solutions like the BolaWrap® and WRAP Reality training system.

Wrap Technologies, Inc. (WRAP) showcases new bodycam footage demonstrating the effective use of its BolaWrap device by the Houston Police Department to restrain a noncompliant individual without injury. During a June 2021 incident, officers deployed BolaWraps to safely apprehend a suspect in crisis, highlighting its advantages over traditional restraint methods. WRAP is currently utilized by over 590 agencies across the U.S. and 44 countries, reinforcing its position as a leader in public safety technology.

Wrap Technologies, Inc. (WRAP) announces the appointment of Clark Dever as the new Vice President of Product Management for Wrap Reality. Dever, with over seven years of experience in VR and AR, will enhance WRAP's VR training platform powered by Amazon Web Services. His background includes work with the U.S. Navy and Techstars, focusing on government markets. CEO Tom Smith highlighted Dever's expertise in VR product development and government sales as key assets for WRAP, which aims to provide cost-effective training solutions for law enforcement and security agencies globally.

Wrap Technologies (Nasdaq: WRAP) has announced an initial order from the Miami Police Department for BolaWrap products following a demonstration by Chief Art Acevedo. The BolaWrap device, designed to safely restrain individuals without using force, has seen successful field applications in other cities. Chief Acevedo emphasizes the importance of innovative tools for officer safety and community welfare. The BolaWrap is part of WRAP's commitment to providing effective public safety technologies and training solutions.

Wrap Technologies (Nasdaq: WRAP) recently showcased its innovative virtual reality (VR) training platform, Wrap Reality, in an interview featuring CEO Tom Smith, Miami Police Chief Art Acevedo, and Amazon Web Services (AWS) Leader Ryan Reynolds. The platform aims to enhance law enforcement training by providing immersive experiences that improve officer skills in conflict resolution and de-escalation. Smith highlighted increasing demand for Wrap Reality from agencies, further supported by a collaboration with AWS to improve functionalities. The positive feedback from law enforcement showcases its potential impact on public safety training.

Wrap Technologies, Inc. (WRAP) announced that the RCMP has classified the BolaWrap 100 as exempt from being a prohibited device or firearm. This August 2021 report allows for easier sales of BolaWrap 100 in Canada, expanding its market accessibility. The device is designed as a de-escalation tool, promoting safer interactions by reducing the potential for injury. Canadian Police Officers will now have access to this tool, which is viewed favorably compared to other restraint methods. The Company emphasizes training for appropriate usage among law enforcement.

Wrap Technologies (Nasdaq: WRAP) released bodycam footage showing a successful BolaWrap deployment by the Tempe Police Department, highlighting its effectiveness in non-lethal restraint. The incident occurred on July 5, 2021, when officers used the BolaWrap to safely restrain a noncompliant individual, ensuring her safe transport to a hospital. Tom Smith, CEO, praised the officers' decision-making and the BolaWrap's role in resolving crisis situations. Currently, the BolaWrap is utilized by over 570 agencies across the U.S. and internationally.

Wrap Technologies (Nasdaq: WRAP) has appointed Mario Knapp as Vice President of Training, tasked with overseeing the Wrap Training Academy and its global network of instructors. This move comes as demand for WRAP's BolaWrap remote restraint solution has surged among law enforcement agencies. With over 27 years of experience in law enforcement, Knapp aims to enhance training programs for the effective use of BolaWrap and Wrap Reality technology. His expertise is anticipated to drive growth and adoption of these innovative solutions within the industry.