Wrap Technologies Announces Sponsorship of the Protecting NY Summit
October 14 2020 - 8:37AM
Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq:
WRTC) an innovator of modern policing solutions, announced
today that it is sponsoring the 2020 Protecting New York Summit
being held virtually on Thursday, October 15, 2020. The Summit will
offer industry executives, public sector leaders and academics the
opportunity to share ideas about New York’s security strategy.
Discussion topics range from keeping New Yorkers safe amid the
pandemic to community policing and the tools needed to be
recognized as a national leader in homeland security and emergency
management.
Tom Smith, President of Wrap Technologies, will be participating
in the “A Roadmap for Re-imagining Public
Safety in New York” panel at the Summit. This panel will
focus on New York’s public safety concerns given the instability
that has resulted from the pandemic, social unrest, and the
economic downturn. Industry, community and policy makers will
address these issues and talk about solutions and systems to keep
everyone safe and healthy.
Mr. Smith joins a panel of leading experts that includes:
- Albert Fox
Cahn, Executive Director, Surveillance Technology
Oversight Project @ The Urban Justice Center (moderator)
- Council
Member, Donovan Richards, Chair, Public
Safety
- Jumaane
Williams, Public Advocate of NYC
- Elizabeth
Glazer, Director, Mayor's Office of Criminal
Justice
- Craig
Longley, Executive Director, Catholic Guardian
Services
- Renee Autumn
Ray, Strategy and Innovation Leader, Conduent
Transportation Solutions
“Wrap Technologies is delighted to sponsor and participate in
the Protecting New York Summit,” said Tom Smith, President of Wrap
Technologies. “Our mission is to create advanced technologies for
the safety and security of public safety. Wrap is working to close
a critical gap that exists in policing by offering the BolaWrap®
Remote Restraint device to benefit not just law enforcement
officers but also all of us. We are proud to sponsor this event and
share our insight and solutions.”
More information can be found at “2020 Virtual
Protecting New York Summit.”
About Wrap Technologies (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, and Oak
Ridge. For information on the Company, please visit
www.wraptechnologies.com.
Trademark InformationBolaWrap 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, Inc.Paul M. ManleyVP –
Investor Relations(612) 834-1804pmanley@wraptechnologies.com
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