LAS VEGAS, NV / ACCESSWIRE / December 3, 2018 / Wrap Technologies, Inc. (the "Company") (WRTC), an innovator of modern policing solutions, today announced that its shares of common stock were approved for listing on the Nasdaq Capital Market.
Trading on the Nasdaq Capital Market is expected to commence at the opening of trading on December 4, 2018 under the Company's existing trading symbol, WRTC.
Scot Cohen, Executive Chairman, stated, "Our listing on the Nasdaq Capital Market is a major corporate milestone, building on the technical and marketing progress of our patented BolaWrap non-lethal policing tool. We believe the listing will help broaden our shareholder base, improve liquidity, and provide increased visibility to the institutional investor community, ultimately contributing to increasing shareholder value." David Norris, President added, "Our team is excited about the next chapter in our development helping to meet the demands of modern community policing."
The listing coincides with the Company's participation in the 11th Annual LD Micro Conference, an investor conference being held from December 4-6, 2018. David Norris will be presenting an update on the company's business and growth strategy to attendees in a group presentation at 7:30 AM PT on Tuesday, December 4th with a live webcast available for streaming here and via the investor relations section of the Company's website at wraptechnologies.com. The presentation will also be archived for replay at that link for 30 days.
About Wrap Technologies (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:
800-583-2652, Ext #515
SOURCE: Wrap Technologies, Inc.