Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced its receipt of the first purchase orders for BolaWrap products and accessories from agencies in the states of Nevada and Arkansas. According to the update, the company has received initial and repeat purchase orders from law enforcement agencies across 13 states since the beginning of July. As a result, the company has provided BolaWrap devices to more than 215 agencies across 44 states. “We are very encouraged by the expansion of our domestic presence and our improving market position as more agencies across the United States continue to adopt the BolaWrap,” said Tom Smith, president of Wrap Technologies, in the press release. “The progression is similar to what I personally witnessed as the law enforcement community adopted the TASER. Initially, agencies attend demonstrations of a new product. Then, they are trained with the device and purchase products for field testing before ultimately outfitting their entire agency. It’s exciting to see a growing flow of initial and repeat orders placed by agencies for the BolaWrap as they move towards outfitting their frontline officers.”
To view the full press release, visit http://ibn.fm/FHCyA
About Wrap Technologies, Inc.
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. BolaWrap 100 has already been used to safely apprehend suspects without injury by agencies in cities including Los Angeles, Sacramento, Fresno, Bell, Albuquerque, Minneapolis, West Palm Beach, Fort Worth and Oak Ridge. For information about the company, please visit www.WrapTechnologies.com.
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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