WRAP Joins United Nations Global Compact
July 14 2021 - 10:42AM
Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq:
WRAP), a global leader in innovative public safety
technologies and services, announced today that it has been
accepted as a signatory member of the United Nations Global
Compact. This compact represents the world’s largest corporate
citizenship initiative which includes more than 9,000 companies and
3,500 organizations.
Signing the United Nations Global Compact is the next step in
WRAP’s recently announced Environmental, Social, and Governance
program, which formalized WRAP’s continuing commitment to these
important issues."WRAP is pleased to become part of the United
Nations Global Compact and to continue developing our ESG efforts,”
said Tom Smith, CEO and President of WRAP. “The Global Compact’s
guidelines strongly align with our mission and purpose of providing
advanced technology solutions to improve public safety and
strengthen our communities, while also developing a culture of
integrity."To learn more about the UN Compact and Global Signatory,
please visit https://www.unglobalcompact.orgAbout
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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