{"id":397299,"date":"2020-12-10T08:25:08","date_gmt":"2020-12-10T13:25:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397299"},"modified":"2020-12-10T08:25:08","modified_gmt":"2020-12-10T13:25:08","slug":"wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/","title":{"rendered":"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">TEMPE, Ariz., Dec.  10, 2020  (GLOBE NEWSWIRE) &#8212; <strong>WRAP<\/strong><strong> Technologies, Inc. (the \u201cCompany\u201d or \u201c<\/strong><strong>WRAP<\/strong><strong>\u201d) <\/strong><strong>(Nasdaq: <\/strong><strong>WRAP<\/strong><strong>),<\/strong> an innovator of modern policing solutions, announced today that it bid and was selected by the United Kingdom Ministry of Defence into their Defence and Security Accelerator (DASA) for \u2018Advancing Less Lethal Weapons.\u2019<\/p>\n<p>The Defence and Security Accelerator (DASA) finds and funds exploitable innovation to support UK defence and security. DASA sought proposals for innovative technologies that allow law enforcement officers to safely prevent the escalation of conflict from long ranges during serious or violent circumstances. In the first phase of the program, WRAP\u2019s engineering team will focus on developing proof of concept prototypes of longer-range remote restraint solutions.<\/p>\n<p>\u201cWe are honored to be selected by DASA to explore and pursue further remote restraint solutions,\u201d said Tom Smith, President and Interim CEO at WRAP. \u201cWe believe this selection reflects the value of our technology as well as the confidence in WRAP as a leader in the law enforcement technology space. It further validates the investment we have made in our skilled engineering team.<\/p>\n<p>\u201cThis opportunity also gives WRAP and our UK distributor continued exposure to high ranking officials in the United Kingdom Ministry of Defence to help further our efforts towards BolaWrap adoption throughout the United Kingdom.\u201d<\/p>\n<p>In a <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Xp1eLIJcFTQ2V1Wdh7QHS5teUmZChNssVQBGORSArzTzRzjz8VSDKdm8p10vvAUOxFlDuL6etDx6Zcpp9hzoD3ACtUuwGSR5KPZiHakmnI0J5Q5gqqm3kiep9rzjz8VInYvCnpeqlV74M8IJG1zObA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">report<\/a> on the Efficacy and Safety of BolaWrap published earlier this year, use of force experts in the United Kingdom recommended all frontline officers carry the BolaWrap and that BolaWrap be placed below handcuffs on the use of force continuum.<\/p>\n<p>\u201cThis is an important and very exciting step in recognizing the BolaWrap remote restraint technology as a viable solution for police officers in the UK,\u201d said Jags Gill, Director of International Sales at WRAP. \u201cWe believe BolaWrap could provide UK police forces and personnel with a tactical advantage when dealing with noncompliant suspects.\u201d<\/p>\n<p> The DASA funding award is pending the completion of relevant governance requirements expected this month.<\/p>\n<p><strong>About <\/strong><strong>WRAP<\/strong><br \/>WRAP Technologies, Inc. is an innovator of modern policing solutions. The Company\u2019s BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar\u00ae tether to restrain an individual at a distance from 10 to 25 feet. Developed by award winning inventor Elwood Norris, the Company\u2019s Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement in safely and effectively deescalating encounters, especially those involving an individual in crisis. BolaWrap 100 has already been used to safely apprehend suspects without injury in a number of cities including Los Angeles, Sacramento, Fresno, Bell, Albuquerque, Minneapolis, West Palm Beach, Fort Worth, and Oak Ridge. For information on the Company, please visit www.wrap.com.<\/p>\n<p>Follow WRAP here:<\/p>\n<p>WRAP on Facebook: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_UPdR9sm9DzJEIHzvRqx3K4et070CC6k_87jAOxiYMKn_QZqZLdotcopgIMNqzcAcfzEnGbcDhKIIOq3xoLrFFPDqyhX4dp08vi6gWPcbawbaxABEBwgvckTMKdsyrbqTz-N9k-rX1dJ3wbZXnnY8A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/wraptechnologies\/<\/a><br \/>WRAP on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_UPdR9sm9DzJEIHzvRqx3NGYWn70sCLqAPhMZkmYeRrbzooJdSBVJ3VjfzqPgXZAJ9ZoWHzD_rdST40ECEDZN0zLwtXkWzQ9Pl-XOCnWr0dsQ5ITbcTFmLGd94nRX4On\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/wraptechinc<\/a><br \/>WRAP on LinkedIn: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_UPdR9sm9DzJEIHzvRqx3OX81kRmNugglQZYjEWeqXVyDI2llZvTxWRAW0BBt9IuEmZXTj3gofLzHovE9jxI-LasWMzY8Qu9NZYkaFYsSoJa7l16jV5TnMMoWNxpJNcryozSS5l0giKNQ8a93oNkwAazCUdSvvyG94-HaznPUZ8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.linkedin.com\/company\/wraptechnologiesinc\/<\/a><\/p>\n<p><strong>Trademark Information<\/strong><br \/>BolaWrap and Wrap are trademarks of WRAP Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.<\/p>\n<p>\n        <strong>Cautionary Note on Forward-Looking Statements \u2013 Safe Harbor Statement<\/strong><br \/>\n        <br \/>This press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to: statements regarding the Company\u2019s overall business; total addressable market; and, expectations regarding future sales and expenses. Words such as \u201cexpect\u201d, \u201canticipate\u201d, \u201cshould\u201d, \u201cbelieve\u201d, \u201ctarget\u201d, \u201cproject\u201d, \u201cgoals\u201d, \u201cestimate\u201d, \u201cpotential\u201d, \u201cpredict\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201ccould\u201d, \u201cintend\u201d, 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\u2019s control. The Company\u2019s 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\u2019s ability to successful implement training programs for the use of its products; the Company\u2019s ability to manufacture and produce product for its customers; the Company\u2019s 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\u2019s 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 counties outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company\u2019s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company\u2019s 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.<\/p>\n<p>\n        <strong>WRAP<\/strong><br \/>\n        <strong>Contact:<\/strong><\/p>\n<p>Paul M. Manley<br \/>VP \u2013 Investor Relations<br \/>(612) 834-1804<br \/>pmanley@wrap.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEwMDAzMCMzODY1NDc2IzIxOTAwMzc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7aeb643f-fda4-499c-831c-29b717911988\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TEMPE, Ariz., Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; WRAP Technologies, Inc. (the \u201cCompany\u201d or \u201cWRAP\u201d) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today that it bid and was selected by the United Kingdom Ministry of Defence into their Defence and Security Accelerator (DASA) for \u2018Advancing Less Lethal Weapons.\u2019 The Defence and Security Accelerator (DASA) finds and funds exploitable innovation to support UK defence and security. DASA sought proposals for innovative technologies that allow law enforcement officers to safely prevent the escalation of conflict from long ranges during serious or violent circumstances. In the first phase of the program, WRAP\u2019s engineering team will focus on developing proof of concept prototypes of longer-range remote restraint solutions. \u201cWe are honored to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397299","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TEMPE, Ariz., Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; WRAP Technologies, Inc. (the \u201cCompany\u201d or \u201cWRAP\u201d) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today that it bid and was selected by the United Kingdom Ministry of Defence into their Defence and Security Accelerator (DASA) for \u2018Advancing Less Lethal Weapons.\u2019 The Defence and Security Accelerator (DASA) finds and funds exploitable innovation to support UK defence and security. DASA sought proposals for innovative technologies that allow law enforcement officers to safely prevent the escalation of conflict from long ranges during serious or violent circumstances. In the first phase of the program, WRAP\u2019s engineering team will focus on developing proof of concept prototypes of longer-range remote restraint solutions. \u201cWe are honored to &hellip; Continue reading &quot;WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T13:25:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEwMDAzMCMzODY1NDc2IzIxOTAwMzc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program\",\"datePublished\":\"2020-12-10T13:25:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\\\/\"},\"wordCount\":900,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEwMDAzMCMzODY1NDc2IzIxOTAwMzc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\\\/\",\"name\":\"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program - 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(the \u201cCompany\u201d or \u201cWRAP\u201d) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today that it bid and was selected by the United Kingdom Ministry of Defence into their Defence and Security Accelerator (DASA) for \u2018Advancing Less Lethal Weapons.\u2019 The Defence and Security Accelerator (DASA) finds and funds exploitable innovation to support UK defence and security. DASA sought proposals for innovative technologies that allow law enforcement officers to safely prevent the escalation of conflict from long ranges during serious or violent circumstances. In the first phase of the program, WRAP\u2019s engineering team will focus on developing proof of concept prototypes of longer-range remote restraint solutions. \u201cWe are honored to &hellip; Continue reading \"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-10T13:25:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEwMDAzMCMzODY1NDc2IzIxOTAwMzc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program","datePublished":"2020-12-10T13:25:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/"},"wordCount":900,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEwMDAzMCMzODY1NDc2IzIxOTAwMzc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wrap-selected-into-united-kingdom-ministry-of-defence-accelerator-program\/","name":"WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program - 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