NetworkNewsBreaks – Wrap Technologies, Inc. (NASDAQ: WRTC) Announces New BolaWrap Order, Eyes Growing Demand for Remote Restraint
Jun 15, 2020
Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced a new initial order of BolaWrap products and accessories. According to the update, the European order represents the third major country in Europe to purchase BolaWrap products in the last eight months. “We are witnessing growing demand for our remote restraint solution by the international law enforcement community, especially in those countries where officers are not allowed to carry deadly weapons,” Tom Smith, president at Wrap Technologies, stated in the news release. “The international law enforcement market is 12 times the size of the U.S. market. In contrast to the United States where each police agency decides whether or not to implement a new police tool, internationally, decisions to implement tools for law enforcement are generally made on the national level by individual entities. Our experience has been that demonstrations are followed by opening orders followed by much larger agency purchases. So, while the process may be longer, international order sizes are generally more significant.”
To view the full press release, visit http://nnw.fm/9TwIV
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://nnw.fm/WRTC
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