Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, has received initial orders for its innovative BolaWrap(R) restraint device from the Middle East, Europe and South America; the orders come from four different countries. That brings the total of international distributors and customers that have ordered the device to 33 countries. In addition, the Los Angeles Police Commission has approved a 180-day extension of its BolaWrap pilot program; the commission voted unanimously to extend the program based on LAPD Deputy Chief Martin Baeza’s recommendation. “Despite the COVID-19 travel restrictions, we continue to see growth in international markets,” Wrap Technologies president Tom Smith said in the press release. “The international market is 12 times the size of the U.S. market and is our fastest-moving market. International law enforcement communities, especially those from countries where law enforcement are not allowed to carry firearms, are looking for new tools like the BolaWrap to deal with noncompliant subjects without having to resort to higher levels of force that rely on pain compliance.”
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About Wrap Technologies Inc.
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(R) tether to restrain an individual at a distance from 10 to 25 feet. Developed by award-winning inventor Elwood Norris, the company’s chief technology officer, the small but powerful BolaWrap 100 assists law enforcement in safely and effectively deescalating encounters, especially those involving an individual in crisis. BolaWrap 100 has already been used to safely apprehend suspects without injury in Los Angeles, Sacramento, Fresno, Bell, Albuquerque, Minneapolis, West Palm Beach, Fort Worth, LaGrange, St. Cloud and Oak Ridge. For information about the company, visit www.WrapTechnologies.com .
NOTE TO INVESTORS: The latest news and updates relating to WRTC are available in the company’s newsroom at http://nnw.fm/WRTC
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