WRAP Announces New VR Training Platform Powered by Amazon Web Services
August 02 2021 - 9:25AM
Wrap Technologies, Inc. (WRAP) (Nasdaq: WRAP), a
global leader in innovative public safety technologies and
services, announced a collaboration with Amazon Web Services (AWS)
to support Wrap Reality through AWS GovCloud (US). AWS will provide
consulting and advisory services to support Wrap Reality’s complex
technology initiatives, assistance in developing and executing our
product roadmap, and streamline access to AWS subject matter
experts.
“Following several months of planning and
discussion, Wrap Reality worked with AWS to deliver our Virtual
Reality (VR) training platform to law enforcement, built on AWS
GovCloud (US),” said Tom Smith, Chief Executive Officer and
President of WRAP Technologies. “As WRAP continues to map out our
vision for enhancing law enforcement training with Wrap Reality,
choosing a collaborator with extensive support and government
approved cloud services was a key decision. AWS brings a wealth of
knowledge to Wrap Reality along with infrastructure and cloud
services that are proven in the industry. Wrap Reality enhances its
capabilities by working with AWS. AWS has experience managing
sensitive state and local government data and systems with AWS
GovCloud (US).”
“Events in 2020 have underlined how law
enforcement must adapt and innovate fast to unforeseen challenges
as well as the importance of trust and transparency. WRAP Reality’s
fully-immersive experience allows training of real-time scenarios
that address the priorities of today’s communities. AWS is proud to
assist by providing services to WRAP that innovate on training and
create a better future of policing,” says AWS Justice and Public
Safety (JPS) leader Ryan Reynolds.
The relationship with AWS provides the framework
for development, training, and collaboration to support
next-generation applications that have the scalability, resiliency,
and security AWS offers. It will assist WRAP in accelerating
innovation and the development of strategic initiatives. These
initiatives will bring the most advanced cloud-native services to
WRAP clients, improving the flow of information and providing a
better experience for law enforcement agencies.
About WRAPWRAP Technologies
(Nasdaq: WRAP) is a global leader in innovative public safety
technologies and services. WRAP develops creative solutions to
complex issues and empowers public safety officials to protect and
serve their communities through its portfolio of advanced
technology and training solutions. WRAP’s BolaWrap® Remote
Restraint device is a patented, hand-held pre-escalation and
apprehension tool that discharges a Kevlar® tether to temporarily
restrain uncooperative suspects and persons in crisis from a
distance. Through its many field uses and growing adoption by
agencies across the globe, BolaWrap is proving to be an effective
tool to help law enforcement safely detain persons without injury
or the need to use higher levels of force. WRAP Reality, the
Company’s virtual reality training system, is a fully immersive
training simulator and comprehensive public safety training
platform providing first responders with the discipline and
practice in methods of de-escalation, conflict resolution, and
use-of-force to better perform in the field. WRAP’s headquarters
are in Tempe, Arizona. For more information, please visit
wrap.com.Follow WRAP here:WRAP on Facebook:
https://www.facebook.com/wraptechnologies/WRAP on Twitter:
https://twitter.com/wraptechincWRAP on LinkedIn:
https://www.linkedin.com/company/wraptechnologies/Trademark
InformationBolaWrap, Wrap and Wrap Reality are trademarks
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 StatementThis 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", and variations of these terms or the negative of
these terms and similar expressions are intended to identify these
forward-looking statements. Moreover, 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 successfully 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 business impact of health
crises or outbreaks of disease, such as epidemics or pandemics; the
ability to obtain export licenses for countries 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 mentioned in the Company's most recent annual report on
Form 10-K, 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.Contact:Paul
M. ManleyVP – Investor Relations(612) 834-1804pmanley@wrap.com
Media Contact: media@wrap.com
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