WRAP Declares Seattle Police Division Approval of BolaWrap® Pilot Program

TEMPE, Arizona, May 26, 2021 (GLOBE NEWSWIRE) – Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced that the Seattle Police Department (SPD) has approved a pilot program for the BolaWrap Remote Restraint device.

According to KOMO News in Seattle, SPD interim chief Adrian Diaz has lit the BolaWrap green for field tests by the Seattle Police Department. More details on the program will be released as they become available.

Lisa Herbold, Chair of Seattle City Council, Chair of the Council’s Public Safety and Human Services Committee, said, “I agreed with the community police commission when they recommended in January that the Seattle Police Department guidelines reflect: ‘Protection the sanctity of human life should be the main principle of how and when violence is used. ‘I am very encouraged by BolaWrap’s potential to de-escalate situations and reduce the number of tragic consequences. “

The WRAP Training Academy trainers conducted a live demonstration of the BolaWrap to officials in Seattle on April 12, 2021. The Seattle Police Department currently has around 1,000 officers.

Tom Smith, President and CEO of WRAP, said, “Our team looks forward to working with the Seattle Police Department to support the successful implementation of the BolaWrap and provide training that best suits their innovative public safety and law enforcement needs correspond to avoid an escalation of power. “

The coverage of the Seattle area usage and the testing of the BolaWrap by KOMO News in Seattle can be viewed here.

BolaWrap bodycam videos from other US law enforcement agencies can be viewed here.

About WRAP
WRAP Technologies (Nasdaq: WRAP) is a leading global provider of innovative public safety technologies and services that deliver advanced escalation prevention solutions. The BolaWrap® Remote Restraint Device, WRAP’s first product, is a patented handheld device that unloads a Kevlar® tether to temporarily hold from a safe distance. Through many field applications and the increasing acceptance by agencies around the world, BolaWrap is proving to be an effective instrument for securely holding people without injuries. WRAP Reality, the company’s virtual reality training system, is a comprehensive training simulator and public safety training platform that gives first responders the knowledge they need to conduct on-site. WRAP is headquartered in Tempe, Arizona. Visit wrap.com for more information.

Follow WRAP here:
WRAP on Facebook: https://www.facebook.com/wraptechnologies/
WRAP on Twitter: https://twitter.com/wraptechinc
WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologies/

Brand information
BolaWrap, Wrap, and Wrap Reality are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of their respective holders.

Cautionary Statement Regarding 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 relating to the company’s overall business; total addressable market; and expectations for future sales and expenses. Words like “expect”, “anticipate”, “should”, “believe”, “aim”, “project”, “aim”, “estimate”, “potentially”, “predict”, “can”, “will”, “May”, “intend” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. In addition, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond the control of the company. The company’s actual results could differ materially from those expressed or implied in any forward-looking statement due to a number of factors including, but not limited to: the company’s ability to successfully conduct training programs on the use of its products; the company’s ability to manufacture and manufacture products 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 funds to further finance business operations; the complexity, cost, and time involved in law enforcement and government sales; the long evaluation and sales cycle for the company’s product solution; Product defect; Litigation risks due to alleged product-related injuries; Risks of government regulations; the business impact of health crises or disease outbreaks such as epidemics or pandemics; the ability to obtain export licenses for countries outside of the US; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the company’s ability to maintain and improve its brand and other risk factors noted in the company’s most recent annual report on Form 10-K, its quarterly report on Form 10-Q, and other SEC filings. These forward-looking statements were made as of the date of this press release and were based on current expectations, estimates, projections and projections, as well as the beliefs and assumptions of management. Except as required by law, the company assumes no obligation or obligation to update any forward-looking statements in this press release as a result of new information, future events, or changes in its expectations.

Contact:

Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wrap.com