BolaWrap Successfully Deployed During Violent Confrontation Resulting in No Injuries

Wrap Technologies, Inc.

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Primary Exchange: NASDAQ
Under the Symbol: WRTC

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BolaWrap Successfully Deployed During Violent Confrontation Resulting in No Injuries

Monday, April 8, 2019 1:50 PM

Fort Worth Police Department Deploys BolaWrap to Assist in Safely Taking Violent Man into Custody

LAS VEGAS, NV / ACCESSWIRE / April 8, 2019 / Wrap Technologies, Inc. (the "Company") (NASDAQ: WRTC), an innovator of modern policing solutions, reported that on Saturday, April 6th, Fort Worth PD officers responded to a domestic disturbance call where an armed suspect was threatening his girlfriend and her mother. The victims were able to flee the location, and the suspect barricaded himself in the home. The suspect refused to exit, but after a long stand-off with S.W.A.T. officers, the suspect exited the location where the BolaWrap was deployed and he was successfully taken into custody without the need for additional uses of force.

BolaWrap is a patented remote restraint tool designed to assist law enforcement in controlling encounters. It does not rely on pain to gain compliance and is intended to be used early in an engagement, especially with subjects in mental crisis. The Company's goal is to provide agencies with a new, alternative tool to be used early in the use of force continuum.

Lieutenant T. Plowman of Fort Worth PD said about the encounter, "We were fortunate to have been able to deploy the BolaWrap early in the encounter to help take the suspect into custody safely."

"This is an example of the importance of providing the right tools for police officers for the right situations. The BolaWrap 100 was able to be deployed from a distance to assist S.W.A.T. officers in the apprehension, while minimizing injury to the suspect," said Michael Rothans, Chief Operating Officer at Wrap Technologies.

The Company has received requests for demonstrations, training and purchasing from more than 800 U.S. Law Enforcement agencies and from representatives from more than 50 countries over the past year. The Company is in the process of expanding its manufacturing, training, and distribution efforts in order to accommodate the global demand.

A link to the story about the encounter with Fort Worth PD by Dallas News can be found here.

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® tether to entangle 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.

Trademark Information: BolaWrap is a trademark 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," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 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 included in the Company's most recent 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' CONTACT:

Investor Relations
800-583-2652, Ext #515
[email protected]

SOURCE: Wrap Technologies, Inc.


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