Tempe

Officers Successfully Deploy WRAP’s BolaWrap® to Help Restrain Violent Subject in Crisis in Washington

Retrieved on: 
Friday, September 10, 2021

On September 6, 2021, Auburn Police Department responded to a violent subject throwing items at cars and threatening other physical violence.

Key Points: 
  • On September 6, 2021, Auburn Police Department responded to a violent subject throwing items at cars and threatening other physical violence.
  • Officers on the scene successfully deployed the BolaWrap, which wrapped around the subjects legs.
  • The subject was surprised and stopped in place, giving officers the time to move in quickly and safely place the subject into handcuffs without any injury.
  • WRAPs BolaWrap Remote Restraint device is a patented, hand-held pre-escalation and apprehension tool that discharges a Kevlar tether to temporarily restrain uncooperative suspects and persons in crisis from a distance.

Genova, Italy Police Department Deployment of WRAP’s BolaWrap® Announced

Retrieved on: 
Thursday, September 9, 2021

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

Key Points: 
  • BolaWrap, Wrap and Wrap Reality are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.
  • Words such as "expect", "anticipate", "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements.
  • Moreover, 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.
  • 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.

WRAP to Participate in Colliers Securities Institutional and H.C. Wainwright Global Investment Conferences (Virtual)

Retrieved on: 
Tuesday, September 7, 2021

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

Key Points: 
  • BolaWrap, Wrap and Wrap Reality are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.
  • 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.
  • Moreover, 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.
  • 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.

VirTra to Present at the 10th Annual Gateway Conference on September 8, 2021

Retrieved on: 
Wednesday, September 1, 2021
Securities Exchange Act of 1934, Securities Act of 1933, Software, U.S. Securities and Exchange Commission, GLOBE, SEC, Law enforcement, Person, NASDAQ, Risk, Virtual reality, Conference, Firearm, Security (finance), Risk management

TEMPE, Ariz., Sept. 01, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ:VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, has been invited to present at the 10th Annual Gateway Conference , which is being held virtually on September 8-9, 2021.

Key Points: 
  • TEMPE, Ariz., Sept. 01, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ:VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, has been invited to present at the 10th Annual Gateway Conference , which is being held virtually on September 8-9, 2021.
  • VirTras management is scheduled to present on Wednesday, September 8th at 8:30 a.m. Pacific time, with one-on-one meetings to be held throughout the conference.
  • To receive additional information, request an invitation or to schedule a one-on-one meeting, please email [email protected] .
  • All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

Houston Police Deploy Two BolaWrap® Devices Simultaneously to Help Safely Restrain Subject

Retrieved on: 
Wednesday, September 1, 2021
Adoption, GLOBE, Method, United, Nasdaq, Person, WRAP, Risk, Solution, Houston Police Department, CEO, Risk management

The video showed how the BolaWrap assisted officers in safely and humanely restraining a noncompliant subject in crisis.

Key Points: 
  • The video showed how the BolaWrap assisted officers in safely and humanely restraining a noncompliant subject in crisis.
  • With approximately 5,300 officers and 1,200 civilian support personnel, Houston Police Department is the United States fifth-largest municipal police department, serving its fourth-largest city.
  • On June 16, 2021, Houston Police Department responded to a call about a subject who was trespassing, had a pocketknife, and seemed to be in crisis.
  • The subject was uncooperative, so officers deployed two BolaWrap devices simultaneously.

Virtual Reality Executive Clark Dever Named VP of Product Management for Wrap Reality™

Retrieved on: 
Tuesday, August 31, 2021
Amazon Web Services, Adoption, GLOBE, Method, ICEX: US Navy Mission in Arctic, Product management, AR, Law enforcement, Nasdaq, Solution, Person, Augmented reality, Research, Human, Virtual reality, United States Navy, VR, WRAP, Startup accelerator, Aviation, CEO, Technology, Video game console

TEMPE, Ariz., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the Company or WRAP) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, has welcomed Clark Dever as the new Vice President of Product Management for Wrap Reality.

Key Points: 
  • TEMPE, Ariz., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the Company or WRAP) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, has welcomed Clark Dever as the new Vice President of Product Management for Wrap Reality.
  • Dever will be responsible for expanding Wrap Realitys product team and building out the virtual reality (VR) training platform powered by Amazon Web Services.
  • We are pleased to welcome someone with such a decorated background in the federal markets for both virtual reality and augmented reality, said Tom Smith, CEO and President of WRAP.
  • He is a highly technically skilled and experienced operations management executive with proven success in driving process design, implementation, and personnel management on global projects.

VirTra Awarded $24.5 Million DHS IDIQ Contract for U.S. Customs and Border Protection with $1.4 Million Initial Order

Retrieved on: 
Tuesday, August 31, 2021
General manager, Securities Exchange Act of 1934, Securities Act of 1933, Software, U.S. Securities and Exchange Commission, GLOBE, SEC, Law enforcement, Person, IDIQ, Privacy Office of the U.S. Department of Homeland Security, U.S. Department of Defense Strategy for Operating in Cyberspace, U.S. Customs and Border Protection, NASDAQ, Risk, CBP, Solution, Virtual reality, Firearm, Technology, Security (finance), Risk management

The contract award has an initial purchase value of approximately $1.4 million and a purchase ceiling of $24.5 million as the maximum amount for supplies and/or services that may be ordered over the life of the contract.

Key Points: 
  • The contract award has an initial purchase value of approximately $1.4 million and a purchase ceiling of $24.5 million as the maximum amount for supplies and/or services that may be ordered over the life of the contract.
  • This $1.4 million order is continued validation of the value our systems provide to our customers, and we are appreciative of our long-standing relationship with the CBP, said Jason Mulcahy, General Manager of VirTra.
  • Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make.
  • All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

VirTra Scales Manufacturing Capabilities with Purchase of Industrial Building in Chandler, Arizona

Retrieved on: 
Monday, August 30, 2021
Securities Exchange Act of 1934, Growth, Securities Act of 1933, Software, U.S. Securities and Exchange Commission, GLOBE, SEC, Law enforcement, Person, NASDAQ, Risk, Virtual reality, Firearm, Security (finance), Risk management

(NASDAQ:VTSI) (VirTra), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has acquired a property in Chandler, Arizona that consists of approximately 4.3 acres and an industrial building with approximately 76,650 square feet.

Key Points: 
  • (NASDAQ:VTSI) (VirTra), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has acquired a property in Chandler, Arizona that consists of approximately 4.3 acres and an industrial building with approximately 76,650 square feet.
  • VirTra acquired the property for $10.8 million, with $8.6 million being financed through a mortgage loan and the remainder being paid in cash.
  • VirTra also expects the new building will provide greater operational efficiencies than its existing two leased locations in Tempe, Arizona with approximately 42,860 square feet in aggregate.
  • All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

WRAP Announces Initial Miami Police Department Order for BolaWrap® Remote Restraint Devices

Retrieved on: 
Thursday, August 26, 2021
City, Adoption, GLOBE, Method, Nasdaq, Person, Austin, Texas, WRAP, Miami Police Department, Solution, Lists of weapons, CEO, Association, Acevedo, Management

TEMPE, Ariz., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the Company or WRAP) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, is pleased to announce an initial order by the Miami Police Department for BolaWrap products and accessories.

Key Points: 
  • TEMPE, Ariz., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the Company or WRAP) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, is pleased to announce an initial order by the Miami Police Department for BolaWrap products and accessories.
  • Miami Chief Art Acevedo had demonstrated BolaWrap devices to the mayor and city council in June of 2021 and has now placed an initial order for the training staff to begin policy and training development, said Tom Smith, CEO and President of WRAP.
  • Chief Acevedo has led the Austin and Houston police departments, and now Miami, and is president of the Major Cities Chiefs Association representing the largest cities in the US and Canada.
  • We decided we needed to go look for another tool, and we went, and we found the BolaWrap, said Miami Chief Art Acevedo.

WRAP Holds Thought Leadership Discussion with Amazon Web Services Executive and Miami Police Chief on the Future of VR Training in Law Enforcement

Retrieved on: 
Wednesday, August 25, 2021
Amazon Web Services, Justice, Adoption, GLOBE, Method, Interview, Nasdaq, Person, VR, WRAP, Environment, Solution, Wrap, Virtual reality, Management

With VR training, you can train daily, and in as little as five to ten minutes a day, you can really create well-trained officers with good instincts and with good muscle memory, said Chief Acevedo during the discussion.

Key Points: 
  • With VR training, you can train daily, and in as little as five to ten minutes a day, you can really create well-trained officers with good instincts and with good muscle memory, said Chief Acevedo during the discussion.
  • You're going to see, virtual reality is going to end up taking most of the bandwidth in terms of how much training time is spent.
  • We are excited about the opportunity to help agencies amplify their training in a way thats effective and affordable.
  • WRAP Technologies (Nasdaq: WRAP) is a global leader in innovative public safety technologies and services.