WRAP Reports Hillsborough Sheriff Department Purchases BolaWrap® Devices Following Successful Pilot Program
August 05 2021 - 10:13AM
Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq:
WRAP), a global leader in innovative public safety
technologies and services, reports on Florida’s Hillsborough County
Sheriff’s Office (HCSO) announcement yesterday that it will be
strategically deploying 165 BolaWrap Remote Restraint Devices
following a successful pilot program earlier this year. In
addition, HCSO released bodycam footage from three different uses
during the trial period highlighting the BolaWrap as an effective
and quick method for de-escalation in crisis situations.
“We are pleased that Hillsborough County Sheriff’s Office will
be implementing BolaWraps following a successful pilot program with
20 deputies that commenced earlier this year,” said Tom Smith, CEO
and President of WRAP. “The bodycam use case videos released
yesterday by Hillsborough Sheriff’s Office demonstrate successful
outcomes of early use of BolaWrap to prevent escalation to higher,
pain compliance uses of force. We are extremely proud to see our
products gaining traction and confidence from the law enforcement
community, which will assist in improving crisis situation
procedures and the overall relationship with the communities they
serve.”Hillsborough Sheriff Chad Chronister commented during a
press conference yesterday, “I am pleased to announce that we are
expanding our de-escalation capabilities with the addition of a new
restraint device - the BolaWrap. The BolaWrap is a less-lethal tool
that may be used to restrain a noncompliant individual.” He added,
“With such positive results and our continued pursuit of
de-escalation training techniques and resources, we will be
strategically deploying 165 BolaWraps throughout the sheriff’s
office in the coming weeks, to include members of our Uniform
Patrol Districts and our Behavioral Resource Unit.”
“The BolaWrap helps build confidence within the community that
they can have safer interactions with law enforcement, and it helps
law enforcement by letting them know that a gun doesn’t have to be
the only option,” said Yvette Lewis, President of the NAACP
Hillsborough County Branch.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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