WRAP Appoints Four New Independent Board Members
April 23 2021 - 9:08AM
Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq:
WRAP), a global leader in innovative public safety
technologies and services, today announced the appointment of four
new independent members to its Board of Directors.
- Jeff
Kukowski has extensive operating experience selling
products and services to law enforcement. He currently is CEO and a
director of Cloudbolt Software, an enterprise cloud management
leader. From June 2010 to December 2014, he was Chief Operating
Officer of Axon Enterprise, Inc., formerly Taser
International.
- Kimberly
Sentovich is a seasoned merchandising, operations, IT, and
supply chain executive with 30 years of experience with
multi-billion-dollar profit and loss responsibility. She held
executive positions at Gymboree, Walmart, and Home Depot. Ms.
Sentovich has served on the Board of Directors of One Stop Systems
(NASDAQ: OSS) from 2019 to the present.
- Kevin
Sherman is an experienced marketing executive and
currently serves as the Interim Chief Executive Officer, Chief
Marketing Officer, and Chief Revenue Officer of privately held
Tractor Beverages, Inc., where he has served since 2018.
- TJ
Kennedy has extensive experience in the fields of
technology, public safety, management, manufacturing, and
communications. He has served as the Chief Executive Officer,
President, and member of the Board of directors of Qumu, Inc.
(NASDAQ: QUMU) since July 2020. He has prior experience as a
Director of the Public Safety Network and as President of FirstNet
– (First Responder Network Authority), an independent
authority inside the US Government responsible for designing,
building, and overseeing the nationwide public safety broadband
network for first responders in the United States.
With the appointment of the new directors, the
Company’s Board now consists of nine members, seven of which are
considered independent directors. Independent director, Jeff
Kukowski, was nominated by founding stockholder Elwood G. Norris
and independent director Kimberly Sentovich was nominated by the
Governance Committee of the Board, with both being nominated
pursuant to the terms of the March 2021 Cooperation Agreement
entered into between Mr. Norris and the Company’s Board of
Directors. The Board further appointed Mr. Sherman and Mr. Kennedy
as additional independent members of its Board. The additional
members will stand for re-election at the Company’s 2021 Annual
Meeting of Stockholders.
“I am pleased to have additional talent join the
WRAP team at this pivotal time in our growth,” said Scot Cohen,
Chairman of the Board at WRAP. “The new members have a wide range
of experience and demonstrated skills, and I look forward to the
Board and our executive team benefiting from their counsel in the
months and years to come as we expand our global business.”
About WRAP
WRAP Technologies (Nasdaq: WRAP) is a global
leader in innovating public safety technologies and services that
deliver advanced solutions focused on avoiding escalation. The
BolaWrap® Remote Restraint device, WRAP's first product, is a
patented, hand-held device that discharges a Kevlar® tether to
temporarily restrain from a safe distance. Through many field uses
and growing adoption by agencies worldwide, BolaWrap is proving to
be an effective tool to safely detain persons without injury. WRAP
Reality, the Company's virtual reality training system, is an
immersive training simulator and comprehensive public safety
training platform designed to empower first responders with the
necessary knowledge to perform in the field. WRAP's headquarters
are located 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 successful 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 counties 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
One Stop Systems (NASDAQ:OSS)
Historical Stock Chart
From Mar 2024 to Apr 2024
One Stop Systems (NASDAQ:OSS)
Historical Stock Chart
From Apr 2023 to Apr 2024