BolaWrap® Safely Restrains Subject in Georgia: Police Bodycam Footage Released
September 23 2020 - 8:34AM
Wrap Technologies, Inc.
(the “Company” or “Wrap”) (Nasdaq:
WRTC) reported a successful deployment of the BolaWrap by
LaGrange Police Department in Georgia. The September 11th domestic
violence encounter was captured on an officer’s body-worn camera
and can be viewed here. Company executives will be hosting a
webcast this afternoon at 4:30 p.m. ET to review the bodycam
footage and discuss field uses of BolaWrap. To attend the webcast,
please register here.
“After seeing the BolaWrap demonstration in-person,
we knew this device could save lives,” said Chief Lou Dekmar, Chief
of Police of LaGrange Police Department and former president of the
International Association of Chiefs of Police. “Mental health
training has always been a priority of ours, and the BolaWrap
provides our officers a humane way to deal with persons in crisis.
We are very pleased with our officer’s application of the device in
the field.”
Mike Rothans, Chief Strategy Officer at Wrap
Technologies, commented, “Chief Dekmar was an early adopter of the
BolaWrap Remote Restraint device. He, like so many police
executives after him, saw the need for this device to help
de-escalate potentially violent encounters with people in crisis.
We are seeing incidents like this one in LaGrange playing out
across the United States and are proud to have developed a tool
that reduces the risk of injuries to officers and subjects.”
About Wrap
Technologies (Nasdaq: WRTC)Wrap
Technologies is an innovator of modern policing solutions. The
Company’s BolaWrap 100 product is a patented, hand-held remote
restraint device that discharges an eight-foot bola style Kevlar®
tether to restrain an individual at a distance from 10 to 25 feet.
Developed by award winning inventor Elwood Norris, the Company’s
Chief Technology Officer, the small but powerful BolaWrap 100
assists law enforcement in safely and effectively deescalating
encounters, especially those involving an individual in crisis.
BolaWrap 100 has already been used to safely apprehend suspects
without injury in Los Angeles, Sacramento, Fresno, Bell,
Albuquerque, Minneapolis, West Palm Beach, Fort Worth, LaGrange,
St. Cloud and Oak Ridge. For information on the Company, please
visit www.wraptechnologies.com.
Trademark Information: BolaWrap and Wrap
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 Statement: This 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.
WRAP TECHNOLOGIES CONTACT:Paul M. ManleyVP –
Investor Relations612-834-1804pmanley@wraptechnologies.com
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