Wrap Technologies Announces Partnership to Share Virtual Reality Technology with Pennsylvania and New York Law Enforcement
TEMPE, Ariz., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced its partnership with the Emergency Response Training & Certification Association (ERTCA) and the Mansfield University Public Safety Training Institute (MUPSTI) to educate Pennsylvania and New York law enforcement in virtual reality training technology.
ERTCA met with Pennsylvania Governor, Tom Wolf, in early December 2021 where ERTCA President, Eric Porterfield, announced the launch of the mobile platform that will begin traveling throughout Pennsylvania and Upstate New York in March 2022. The public safety Mobile Virtual Reality Experience (MVRE) will offer thirty-six credentialed virtual reality training modules through the Wrap Reality platform, to municipal law enforcement departments and educational institutions.
Also supporting the MVRE collaboration project are AT&T, Blaise-Alexander, and the Pennsylvania Department of Education (PADE).
“Virtual reality is perhaps the most important tool educators have in leveling the playing field when it comes to in-service training,” said Chief Scott Henry, Director of MUPSTI’s ACT 120 program. “The MVRE program will be free to use. It will reach departments as small as two officers and as large as 100.”
“ERTCA’s mission aligns perfectly with Wrap Reality,” said Tom Smith, WRAP President & CEO. “We both share the goal of providing high-quality educational opportunities to first responders, and together, we can provide better training to more agencies and build safer communities. In Wrap Reality, officers can train a few minutes every week, rather than just a few days per year, and every officer can practice a broad range of skills, from verbal de-escalation to tactical.”
About WRAP
Wrap Technologies (Nasdaq: WRAP) is a global leader in innovative public safety technologies and services. WRAP develops creative solutions to complex issues and empowers public safety officials to protect and serve their communities through its portfolio of advanced technology and training solutions.
WRAP’s 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. Through its many field uses and growing adoption by agencies across the globe, BolaWrap is proving to be an effective tool to help law enforcement safely detain persons without injury or the need to use 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 in methods of de-escalation, conflict resolution, and use-of-force to better perform in the field.
WRAP’s headquarters are in Tempe, Arizona. For more information, please visit wrap.com.
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Trademark Information
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.
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", 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. 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 successfully 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, including the acceptance of the BolaWrap 150; the risk that distributor and customer orders for future deliveries are modified, rescheduled or cancelled in the normal course of business; 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 business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the ability to obtain export licenses for countries outside of the US; 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 mentioned in the Company's most recent annual report on Form 10-K, 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.
Contact:
Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wrap.com
Media Contact: media@wrap.com
