Wrap Technologies, Inc. (NASDAQ: WRAP), a global leader in
innovative public safety solutions, is proud to announce the launch
of two new immersive virtual reality training scenarios for its
advanced law enforcement training platform, Wrap Reality. The
addition of these cutting-edge scenarios demonstrates Wrap’s
steadfast commitment to transforming law enforcement training
methodologies and providing exceptional learning experiences for
officers.
The Wrap Reality virtual reality law enforcement training
platform has gained significant traction within the law enforcement
community, empowering officers to enhance their skills and
effectively address the complex public safety challenges of today's
world. The latest scenarios have been meticulously developed to
offer officers a diverse array of training experiences, focusing on
communication, critical thinking, and objective-based
investigations.
Kevin Mullins, CEO of Wrap Technologies, stated, "We are
dedicated to developing realistic and pertinent scenarios that
prepare officers for today's multifaceted public safety challenges.
A considerable number of scenarios address non-violent situations
emphasizing verbal communication skills and critical investigative
techniques. We also provide officers with opportunities to hone
their decision-making skills around the use of force. Officers have
several options, including BolaWrap®, a remote restraint device
that has been adopted by over 1,000 agencies domestically and in
more than 60 countries worldwide."
The first of the new objective-based scenarios center around the
importance of approaching investigations with an unbiased
perspective. In this scenario, officers encounter an unhoused
individual accused of criminal behavior, but through unbiased
listening and critical fact-finding, they discover that the
individual is, in fact, the victim of a crime perpetrated by the
accusers themselves. Chief Henry A. King Jr. of Edenton Police
Department explains, "Law enforcement’s goal has always been to
help enhance their relationship with their community. Leaders must
ensure policing that provides positive engagement. Making sure
officers know their implicit biases will help achieve this goal.
Wrap Reality’s virtual reality training platform is a game changer
for police departments.”
The second scenario allows officers to practice
deploying the BolaWrap device, a state-of-the-art remote restraint
tool that deploys a 7.5-foot Kevlar® tethered cord from a safe
distance of 10-25 feet. With its widespread adoption by law
enforcement agencies globally, honing their skills with the
BolaWrap device will ensure officers are equipped to handle a
variety of non-lethal situations with precision and safety.
Innovation remains at the heart of Wrap
Technologies' mission, as Mullins hinted at more scenarios to come.
"We will relentlessly develop realistic, relevant scenarios for our
Wrap Reality virtual training platform that enable officers to
remain at the forefront of their field, enhancing public safety and
yielding better outcomes for the communities they serve. You will
see more in the very near future."
Wrap Technologies aims to help agencies
cultivate a culture of continuous learning, fostering exceptional
competence and unwavering preparedness among law enforcement
professionals. The company's commitment to revolutionizing law
enforcement training methodologies through immersive virtual
reality experiences continues to contribute to safer communities
and better-equipped officers worldwide.
For more information about Wrap’s Wrap Reality
virtual reality training solution, please visit
wrap.com/reality.
About WrapWrap Technologies, Inc. (Nasdaq:
WRAP) is a leading global provider of advanced public safety
solutions, integrating state-of-the-art technology, cutting-edge
tools, and comprehensive services to address the complex, modern
day challenges facing public safety organizations around the world.
Guided by a no-harm principle, Wrap is dedicated to developing
groundbreaking solutions that empower public safety agencies to
safeguard the communities they serve in a manner that fosters
stronger relationships and delivers positive public safety
outcomes.
Wrap's BolaWrap® solution encompasses an innovative and patented
hand-held remote restraint device, strategically engineered with
Wrap’s no-harm guiding principle to proactively deter escalation by
deploying a Kevlar® tether that safely restrains individuals from a
distance. Combined with BolaWrap® training, certified by the
esteemed International Association of Directors of Law Enforcement
Standards and Training (IADLEST), Wrap enables officers from over
900 agencies across the US and 60 countries around the world, with
the expertise to effectively use BolaWrap® as an early intervention
measure, mitigating potential risks and injuries, averting tragic
outcomes.
Wrap Reality™, the Company’s advanced virtual reality training
system, is a fully immersive training simulator and comprehensive
public safety training platform equips first responders with the
discipline and practice to prevent escalation, de-escalate
conflicts, and apply appropriate tactical use-of-force measures to
better perform in the field. By offering a growing range of
real-life scenarios, Wrap Reality™ addresses the dynamic nature of
modern law enforcement situations for positive public safety
outcomes.
Wrap’s headquarters are in Tempe, Arizona. For
more information, please visit wrap.com.
Connect with Wrap:Wrap on
FacebookWrap on Twitter Wrap on LinkedIn
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, expenses and break-even
and profitability expectations. 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, including the acceptance of the BolaWrap 150; the risk
that distributor and customer orders for future deliveries are
modified, rescheduled or cancelled in the normal course of
business; 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
impact resulting from geopolitical conflicts and any resulting
sanctions; 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.
Investor Relations Contact:
800.583.2652ir@wrap.com
Media Relations Contact: Leigh Anne Arnold5W
Public Relations646.588.6165wrap@5wpr.com
Wrap Technologies (NASDAQ:WRAP)
Historical Stock Chart
From Apr 2024 to May 2024
Wrap Technologies (NASDAQ:WRAP)
Historical Stock Chart
From May 2023 to May 2024