GlobeNewswire
2021-08-25

TEMPE, Arizona, August 25, 2021 (GLOBE NEWSWIRE) – Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, posted an interview with WRAP CEO Tom Smith, Amazon Web Services Leader Justice and Public Safety Ryan Reynolds and Police Chief of Miami Art Acevedo during which they discussed the Virtual Reality Wrap Reality (VR) training platform and the potential positive impact of virtual reality on law enforcement training. The discussion can be viewed here.

“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 good muscle memory,” Chief Acevedo said during the discussion. “You’ll see, virtual reality is going to end up taking up most of the bandwidth in terms of training time spent. We’re going to be able to give immediate feedback, and in the VR environment, you’re going to be able to see everything you’ve done – what you’ve done wrong, what you’ve done the right way, what you can do better – to debrief and learn almost in real time. It’s something that’s out there, and I think in the next 12 to 36 months it’s going to become mainstream, and I’m hoping here in Miami PD that we’re going to be the front-end of this wave, this revolution.

“The inbound requests we receive from agencies for quotes and more information on Wrap Reality reflect the demand for our platform as we continue to develop new modules while enhancing its functionality with Amazon Web Services,” said Tom Smith. “We are thrilled with the opportunity to help agencies amplify their training in an efficient and affordable way. “

TO WRAP UP recently announced working with Amazon Web Services (AWS) to enhance Wrap Reality’s law enforcement training platform through AWS GovCloud (US).

About WRAP
WRAP Technologies (Nasdaq: WRAP) is a global leader in innovative public safety technologies and services. WRAP develops creative solutions to complex problems and empowers public safety officials to protect and serve their communities through its portfolio of advanced technologies and training solutions.

WRAP BolaWrap® The Remote Restraint is a patented portable pre-climb and apprehension tool that unloads a Kevlar® tether to temporarily hold off uncooperative suspects and people in crisis. With its many field uses and increasing adoption by agencies around the world, BolaWrap is to prove be an effective tool in helping law enforcement to safely detain people without injury or the need for higher levels of force.

Wrap Reality, the company’s virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform providing first responders with the discipline and practice of de-escalation, problem-solving methods. conflicts and the use of force to perform better in the field.

WRAP’s corporate headquarters are in Tempe, Arizona. For more information, please visit wrap.com.

Follow WRAP here:
ENVELOPE on Facebook: https://www.facebook.com/wraptechnologies/
ENVELOPE on Twitter: https://twitter.com/wraptechinc
ENVELOPE on LinkedIn: https://www.linkedin.com/company/wraptechnologies/

Brand information

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

Caution Regarding 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 overall business of the Company ; total addressable market; and, expectations regarding future sales and expenses. Words such as “expect”, “anticipate”, “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “could”, ” will “,” could “,” intent “and variations of such terms or the negative of such terms and similar expressions are intended to identify such forward-looking statements. In addition, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond the control of the Company. The actual results of the Company could differ materially from those stated or implied in any forward-looking statements due to a number of factors, including, but not limited to: the ability of the Company to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales of its new product solution; acceptance of existing and future products; the availability of funds to continue financing operations; the complexity, expense and time associated with sales to law enforcement and government entities; the long evaluation and sales cycle of the Company’s product solution; product defects; the risks of litigation related to suspected product-related injuries; risks of government regulations; the business impact of health crises or epidemics, such as epidemics or pandemics; the possibility of obtaining export licenses for countries outside the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competing products and solutions; and the Company’s ability to maintain and improve its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, the Quarterly Report on Form 10-Q and other documents filed with the SEC. These forward-looking statements are made as of the date of this press release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company assumes no obligation or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations.

Contact:
Paul M. Manley
Vice-President – Investor Relations
(612) 834-1804
[email protected]

Media contact: [email protected]



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