BolaWrap Sees Increase in Field Deployments

TEMPE, Arizona, Nov. 7, 2019 /PRNewswire/ -- Wrap Technologies, Inc. (the "Company" or "Wrap") (NASDAQ: WRTC), an innovator of modern policing solutions, reported an increase in BolaWrap field uses by US police departments carrying the device.

Presently, over 100 police agencies throughout the U.S. have devices in use.

"We are pleased with the number of agencies that have moved from seeing a BolaWrap demonstration, to receiving training, to writing policy, and to carrying the device in the field," said Mike Rothans, Chief Operating Officer at Wrap Technologies, and former Assistant Sheriff at Los Angeles County Sheriff's Department. "We are continuing to receive reports from those agencies that the BolaWrap has de-escalated potentially violent confrontations between officers and noncompliant subjects."

In some instances, agencies reported that officers pointing the BolaWrap's patented green line laser at noncompliant subjects was enough to motivate the subjects to comply.

In other scenarios, the BolaWrap was deployed by officers on noncompliant subjects, wrapping the subjects and enabling officers to take them into custody without harm.

"The BolaWrap was initially expected to be used as an early intervention tool in dealing with those suffering from a mental health crisis, such as incidents recently reported in the cities of Bell and Fresno, California. However, we've also seen it used to de-escalate violent encounters, such as in Fort Worth, Texas," said Mr. Rothans.

"It's encouraging to have chiefs approach you and say that the BolaWrap saved someone's life in their community. We hear from chiefs and government officials on a regular basis that the BolaWrap will save lives, but it's rewarding to hear that it actually already has," Rothans added.

The Company showcased the BolaWrap last week at the annual International Association of Chiefs of Police (IACP) and received more than 400 qualified leads of interest from US police departments, federal agencies, and international law enforcement agencies requesting BolaWrap demonstrations, training and quotes.

"As former President of IACP, it was great to see the overwhelmingly positive response we received at our booth during this year's IACP," said Don De Lucca, Chief Strategy Officer at Wrap Technologies. "I am excited law enforcement is quickly seeing the BolaWrap as a must-have early intervention tool to safely restrain individuals in crisis."

About Wrap Technologies (Nasdaq: WRTC)

Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information: BolaWrap is a trademark of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements – Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the Company's overall business, total addressable market and expectations regarding future sales and expenses. Words such as "expect," "anticipate," "should," "believe," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to successful implement training programs for the use of its products; the Company's ability to manufacture and produce product for its customers; the Company's ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain export licenses for counties outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors included in the Company's most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

WRAP TECHNOLOGIES' CONTACT:

Investor Relations
800-583-2652, Ext #515
[email protected]

SOURCE Wrap Technologies, Inc.