Wrap Technologies, Inc. develops public safety technology and non-lethal response products for law enforcement, security and related public safety organizations. Company news commonly covers BolaWrap® remote restraint devices, WrapReality™ immersive training deployments, WrapVision digital evidence capabilities, customer purchase orders, contract renewals, and international partner activity.
Recurring updates also address WRAP's broader Non-Lethal Response™ platform, including training programs, policy-centered implementation, healthcare and campus security applications, and research initiatives tied to drone and counter-drone public safety capabilities. Financial-result announcements and operating updates frame product sales, technology-enabled services, market expansion and cost management.
Wrap Technologies announces the BolaWrap technology's launch in Italy. The company, known for innovative public safety solutions, has partnered with local distributor Defconservices to introduce this safe apprehension tool to Italian law enforcement. Despite challenges posed by COVID-19, Defconservices has successfully demonstrated the BolaWrap system to multiple agencies. Training will be conducted by Paolo Grandis, the first certified International Master Instructor. This expansion marks Italy as the 44th country to adopt the BolaWrap technology, a significant step for WRAP's international growth.
Wrap Technologies (Nasdaq: WRAP) announced a remarkable 123% year-over-year revenue growth for Q1 2021, driven by increased demand for its BolaWrap remote restraint device. CEO Tom Smith will present at the LD Micro Invitational XI from June 8-10, 2021, covering the company's products, market interest, and successful pilot programs. The presentation is scheduled for June 10, 2021, at 5:00 p.m. ET. The event will feature approximately 180 companies and esteemed keynote speakers, underscoring significant investor interest in innovative public safety technologies.
Wrap Technologies, Inc. (Nasdaq: WRAP) announced successful deployments of its BolaWrap Remote Restraint device by the Mountlake Terrace Police Department in Washington. On May 4, 2021, officers utilized the BolaWrap to safely restrain a subject in mental crisis, preventing potential harm. The device was also effective in another incident involving an intoxicated suspect threatening family members. The company continues to highlight the effectiveness of BolaWrap in de-escalating critical situations.
Wrap Technologies (WRAP) announced a pilot program with the Seattle Police Department for testing its BolaWrap Remote Restraint device. SPD Interim Chief Adrian Diaz approved the initiative, highlighting its potential to de-escalate situations and protect human life. Training Academy trainers demonstrated the device to approximately 1,000 Seattle officers on April 12, 2021. WRAP aims to collaborate closely with SPD to ensure successful implementation. The BolaWrap has been showcased in various police departments, proving effective in safely detaining individuals without injury.
Wrap Technologies (WRAP) announced the Northern York County Regional Police Department's implementation of the WRAP Reality virtual reality training simulator and the BolaWrap remote restraint device. Chief David Lash noted that this marks the first deployment of WRAP’s de-escalation platform, enhancing officer training and performance. The simulator allows immersive training, enabling officers to practice scenarios and improve decision-making without resorting to force. Community donations largely funded the subscription, reflecting local support for enhanced police training and safety measures.
Wrap Technologies, Inc. (WRAP) released bodycam footage highlighting a successful BolaWrap deployment by the Wyoming Police Department on May 5, 2021, during a mental health crisis situation. The BolaWrap device was utilized to safely restrain an intoxicated individual without injury, demonstrating its effectiveness in de-escalating potentially volatile scenarios. Police Chief Paul Hoppe praised the device's role in ensuring safety for both the officers and the subject. The BolaWrap is gaining acceptance as a non-lethal option for law enforcement to manage crisis situations.
Wrap Technologies, Inc. (Nasdaq: WRAP) reported a remarkable 123% year-over-year revenue growth for Q1 2021, attributed to robust demand for its BolaWrap remote restraint device. The Company’s CEO, Tom Smith, will present at the Benzinga Global Small Cap Conference on May 14, 2021, detailing the growing market interest and successful implementation of the BolaWrap device in law enforcement. As a leader in public safety technologies, WRAP emphasizes the effectiveness of its product in safely detaining individuals without injury, supported by ongoing expansion in both U.S. and international markets.
Wrap Technologies (WRAP) released new bodycam footage demonstrating a successful deployment of their BolaWrap® device by the Northern York County Regional Police on April 15, 2021. The incident involved a disruptive motel guest, where the BolaWrap effectively de-escalated the situation without causing injury to the subject or officers. Chief David Lash emphasized that the BolaWrap serves as a remote restraint tool, introduced before any use-of-force measures. This marks the first indoor deployment captured on bodycam, showcasing the device's versatility.
Wrap Technologies (Nasdaq: WRAP) announced that BolaWrap has achieved an over 80% effectiveness rate in real-world law enforcement applications based on the first 50 uses reported. This device allows police to detain individuals safely without excessive force, thereby reducing potential injuries and civil liabilities. Officials from various police departments praised BolaWrap’s utility and its role in enhancing community trust. The company aims to leverage the positive outcomes to expand its market presence in public safety technologies.
On May 4, 2021, Wrap Technologies, Inc. (WRAP) announced the approval of a one-year extension for its BolaWrap Pilot Program by the Los Angeles Board of Police Commissioners. The extension follows a report highlighting the need for further evaluation due to an insufficient sample size from the initial program. The BolaWrap device aims to assist law enforcement in safely detaining individuals without injury. The pilot will continue in LAPD's Hollywood and Central divisions, where the BolaWrap may be most beneficial.