Virtual Reality Executive Clark Dever Named VP of Product Management for Wrap Reality™
August 31 2021 - 12:11PM
Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq:
WRAP), a global leader in innovative public safety
technologies and services, has welcomed Clark Dever as the new Vice
President of Product Management for Wrap Reality. Dever will be
responsible for expanding Wrap Reality’s product team and building
out the virtual reality (VR) training platform powered by Amazon
Web Services.
“We are pleased to welcome someone with such a
decorated background in the federal markets for both virtual
reality and augmented reality,” said Tom Smith, CEO and President
of WRAP. “Clark brings experience both in building VR products and
selling to government customers. He is a highly technically skilled
and experienced operations management executive with proven success
in driving process design, implementation, and personnel management
on global projects.”Dever has over seven years of experience
building VR and augmented reality (AR) products and teams. Most
recently, Dever worked as a Senior Product Manager at the Startup
Accelerator company Techstars, building their Ecosystem Development
programs that currently run in the United States, Korea, Japan, and
Taiwan. Previously, Dever co-founded the AR division of the
government contractor Research and Engineering Development LLC
(RED-INC), which built VR and AR Solutions for the Aviation
Maintenance Administration in the US Navy.“WRAP has built an
impressive team of industry experts who are well-positioned to
bring the VR solution to the law enforcement, corrections, and
private security markets worldwide,” said Dever. “The perfect time
to execute is at the intersection of technological capabilities and
market need. Virtual reality is a new technology coming into
maturity, and with law enforcement in particular, there is a
critical need to provide agencies year-round access for more
cost-effective training. Given my defense background VR and AR and
their training applications, I am confident that we can bring these
tools that were once only financially viable to national
governments to a price point accessible to local municipalities and
private agencies globally.”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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d537d116-d387-413b-b62b-d64ce2308994
Wrap Technologies (NASDAQ:WRAP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wrap Technologies (NASDAQ:WRAP)
Historical Stock Chart
From Apr 2023 to Apr 2024