Welcome to our dedicated page for Wrap Technologies news (Ticker: WRAP), a resource for investors and traders seeking the latest updates and insights on Wrap Technologies stock.
Wrap Technologies Inc. (WRAP) delivers innovative public safety solutions through its BolaWrap remote restraint system, VR training platforms, and AI-powered evidence management tools. This news hub provides investors and public safety professionals with essential updates on the company’s operational milestones and technological advancements.
Access real-time updates on earnings reports, product certifications, and strategic partnerships. Track developments in WRAP’s law enforcement solutions including new market expansions, training program launches, and enhancements to its WrapAI evidence management platform.
Key content includes quarterly financial results, regulatory filings, product deployment announcements, and executive leadership updates. All press releases are sourced directly from official corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to WRAP’s latest developments in de-escalation technologies and digital policing solutions. Check regularly for updates on patents, international distribution agreements, and field implementation case studies.
Wrap Technologies (WRAP) announced the deployment of seven new BolaWrap devices by law enforcement agencies in New York, California, Texas, and South Carolina. These deployments, informed to the company in the last two weeks, reflect growing acceptance of BolaWrap as a low-level force option. The President of WRAP, Tom Smith, expressed satisfaction with this trend, noting that many deployments may not be reported to the company. The BolaWrap 100 is designed for safe apprehension of suspects from a distance, aiming to improve policing methods.
Wrap Technologies, Inc. (WRAP) will host a Zoom webcast on March 4, 2021, at 4:30 p.m. Eastern time to discuss its financial and operational results for Q4 and the full year ending December 31, 2020. A press release with these results will be issued before the event. The BolaWrap 100, a product of WRAP, is a patented device designed for modern policing solutions, aiding in safely apprehending individuals from a distance. The device has been used in various cities across the U.S. for de-escalating encounters.
Wrap Technologies, Inc. (WRAP) announced the appointment of Kathleen O’Toole and Sylvia Moir to enhance its public safety technology initiatives. Both retired police chiefs will collaborate on developing a virtual reality training simulator focused on de-escalation, use of force, and officer wellness. O’Toole and Moir bring decades of law enforcement experience and will support research, development, and community engagement. This initiative aligns with WRAP's commitment to innovation in policing and aims to improve officer decision-making and overall public safety.
Wrap Technologies (WRAP) announced significant orders for its BolaWrap® devices, with over 600 units and accessories ordered internationally. Recently, more than 50 new domestic orders were received, highlighting increased interest among law enforcement agencies. BolaWrap was successfully deployed by the San Mateo County Sheriff’s Office to apprehend a noncompliant individual. The company emphasizes its role in enhancing public safety through innovative, non-lethal restraint solutions. Overall, this reflects a growing adoption of their technology across various law enforcement agencies.
WRAP Technologies has announced the completion of an Asset Purchase Agreement with NSENA Inc., enhancing its BolaWrap law enforcement training through immersive 3D scenarios. This acquisition positions WRAP in the virtual reality training market, projected to grow from $204.41 billion in 2019 to $601.85 billion by 2027. NSENA’s platform includes 47 training modules focused on essential skills for law enforcement professionals. The collaboration aims to improve training options for agencies facing increasing public safety demands.
Wrap Technologies, Inc. (WRAP), an innovator in policing solutions, announced a successful deployment of its BolaWrap Remote Restraint device by Beaufort, South Carolina police. The device enabled officers to safely take a subject into custody without injuries. WRAP's BolaWrap 100 is designed to aid law enforcement in de-escalating encounters from a distance of 10 to 25 feet. This deployment follows previous successful uses in multiple cities and aligns with WRAP's commitment to enhancing safety for officers and communities.
WRAP Technologies announced that President and Interim CEO Tom Smith will present at the 13th annual LD Micro Main Event on December 15, 2020, from 1pm to 1:20pm ET. Attendees can access the presentation via a live webcast available on the company’s website. WRAP's innovative BolaWrap 100 is a remote restraint device designed to assist law enforcement in deescalating encounters without harm. The product has been successfully utilized in various cities, enhancing policing solutions. For more details, visit wrap.com.
WRAP Technologies, Inc. (Nasdaq: WRAP) has been selected by the UK Ministry of Defence to participate in the Defence and Security Accelerator (DASA) for its project on 'Advancing Less Lethal Weapons.' The initiative aims to support law enforcement in managing conflicts from a distance. WRAP will develop prototypes for remote restraint solutions. This recognition highlights the company's technology and its potential for adoption in the UK. The DASA funding award is pending governance requirements expected this month.
WRAP Technologies, Inc. (Nasdaq: WRTC) announced a successful deployment of its BolaWrap® Remote Restraint device by the Virginia Police Department in Minnesota, captured on bodycam. The footage will be publicly released during a webinar on Zoom at 10 am ET. In the webinar, executives will discuss the footage and hold a recorded interview with Chief Nicole Young-Mattson. The BolaWrap 100 is designed to assist law enforcement in deescalating encounters, with successful applications already documented in various cities. For more information, visit WRAP's website.
TEMPE, Arizona, Nov. 30, 2020 – WRAP Technologies (Nasdaq: WRTC) announced a change of its ticker symbol from WRTC to WRAP, effective December 1, 2020. This change aims to enhance brand visibility and recognition among investors, aligning the ticker with the company’s branding strategy. The BolaWrap 100, WRAP's innovative product, is designed for law enforcement to safely deescalate encounters without injury. Shareholders need not take any action regarding the ticker change, as the capital structure remains unchanged.
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