Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced its receipt of new international purchase orders from three countries in Asia for over 200 BolaWrap devices, more than 2,600 cartridges and accessories. Two of the orders are follow-ons from demonstrations and trainings conducted last year, while the third is an initial order from a new country beginning BolaWrap demonstrations and trials this year. “We are excited about our continued international growth with BolaWrap being purchased by the 27th country,” Wrap Technologies President Tom Smith said in the news release. “It is also encouraging to see countries test and evaluate BolaWrap and then place follow-on orders, reflecting their appreciation and demand for our remote restraint solution.”
Wrap expects to recognize the revenue on these orders in Q2 of 2020.
To view the full press release, visit http://ibn.fm/DTXnJ
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(R) tether to restrain an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company’s Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.WrapTechnologies.com. Examples of recent media coverage are available as links under the “Media” tab of the website.
NOTE TO INVESTORS: The latest news and updates relating to WRTC are available in the company’s newsroom at http://ibn.fm/WRTC
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