WRTC stock soared 12% in after-hours trading on December 10, 2019, after the company announced that it would appear on Fox Business the morning of December 11, 2019.
Wrap Technologies (Nasdaq: WRTC), an innovator of modern policing solutions, announced that Tom Smith, President of Wrap Technologies, is scheduled to be interviewed live tomorrow morning in-studio on Morning’s With Maria on the Fox Business Network program.
Details of the broadcast are as follows:
Date: December 11, 2019
Scheduled Start Time: 8:50am EDT
Network: Fox Business
Network Show: Morning’s With Maria
Host: Maria Bartiromo
On December 10, 2019, Wrap Technologies (Nasdaq: WRTC), an innovator of modern policing solutions, participated in a demonstration by the Los Angeles Department (LAPD) of the BolaWrap to members of the media during a press conference held on Monday, December 9, 2019.
“The officers, rather than having to resort to going hands on, or having to resort to greater levels of force, have a standoff ability where they can deploy this wrap and prevent the individual from moving,” said Chief Michael Moore of Los Angeles Police Department during the conference. “The deployment of this, we believe, in our testing to date, offers very little risk of any type of injury to the individual it’s deployed on. We have about 200 of these devices. They are going to be deployed in all 21 of our area stations.”
To demonstrate his confidence in the safety of the BolaWrap, Chief Moore volunteered to get wrapped and posted the following on Twitter after the press conference: “The citywide testing of the BolaWrap (a handheld remote restraint device) is our latest effort to provide our people with tools designed to give them options when confronted with individuals threatening violence or otherwise unsafe to approach.”
Following Chief Moore’s presentation, Mike Rothans, Chief Operating Officer at Wrap Technologies and retired Assistant Sheriff of the Los Angeles County Sheriff’s Department, answered questions for the media.
“It was a privilege to be able to discuss the BolaWrap with the media alongside Chief Moore,” said Rothans. “After a year of LAPD’s internal testing and our own product improvements based on their suggestions, we are pleased the LAPD is moving forward with field deployment in all of its patrol stations.”
David Norris, CEO of Wrap Technologies, added: “When a police department of LAPD’s stature goes through extensive testing and remains open to a new technology like ours, it gives other departments more confidence. Since the recent Los Angeles Times article announcing LAPD’s plan to deploy the BolaWrap, we have seen an influx of inquiries for demos, training and quotes from agencies across the United States. We also expect to see more agencies move from internal testing to training and field deployments, just like LAPD has.”
On December 9, 2019, Wrap Technologies announced that it demonstrated the BolaWrap in Canada on December 5, 2019 to local law enforcement agencies. Wrap Technologies President Tom Smith conducted the demonstration, which was covered by the Winnipeg Free Press.
“We are excited to be able to bring the BolaWrap to Canada,” said Smith. “Agencies are all facing similar problems around the world: how do you de-escalate a situation and not hurt somebody?”
“Canada embraces technology and is looking for solutions for law enforcement to de-escalate situations involving persons in crisis. The BolaWrap does not require pain-compliance and can end many potentially dangerous encounters prior to them requiring a higher level of force.”
The Company is currently working with 16 exclusive international distributors covering 26 countries and has delivered product to 17 countries thus far.
The Company received major international and national media attention last week following Los Angeles Police Department’s recent decision to train several hundred of their officers on the BolaWrap.
The BolaWrap was discussed across television, radio, online, social media, and print with translations across the US, Canada, Russia, China, Turkey, Great Britain, the Netherlands, Norway, Greece, Italy, Mexico, Iran, United Arab Emirates, Israel, Armenia, Egypt, Venezuela, Uruguay, South Korea, Taiwan, Vietnam, France, Indonesia, Japan, Slovenia and other countries.