UPDATE “ Wrap Technologies Launches Go-Forward Strategy, Advancing End-to-End Public Safety and Defense Solutions with New Virginia Facility

WISE, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (NASDAQ: NASDAQ:) (Wrap or the Company), a global leader in public safety solutions, announced today the relocation of its manufacturing and distribution facility to Virginia, citing Virginia’s strategic location and commitment to invest in public safety innovation as key factors in its decision. This move underscores Wrap’s commitment to delivering comprehensive tools and training for law enforcement. It also highlights Wrap’s dedication to expanding Made-in-America partnerships with state and federal policymakers across the United States, with the goal to drive nationwide adoption of its solutions.

This facility is a major step forward in our mission to equip every officer with cutting-edge tools and training that prioritize the safety of both officers and the communities they serve, said Scot Cohen, Chief Executive Officer of Wrap. We also believe that critical infrastructure in the United States needs to be made in the United States to promote security and reliability for our public safety partners. Virginia provides an ideal location and environment to advance this mission.

Wrap’s new state-of-the-art 20,000-square-foot facility is the cornerstone of its next-generation strategy for end-to-end public safety solutions, with a dedicated professional services division at its core. This division will focus on training, talent development, and customer support to promote seamless integration, large-scale implementation, and ongoing service excellence for law enforcement agencies nationwide. Strategically located in an emerging global hub for law enforcement talent and expertise, the facility will centralize the production of the BolaWrap ®, the first major innovation on the police tool belt in over 30 years, and Wrap Reality™, an immersive virtual reality training platform that integrates the latest in de-escalation tactics, defensive techniques, and evidence-based law enforcement practices. It will also house advanced research and development (R&D) zones dedicated to creating cutting-edge solutions in augmented reality (AR), virtual reality (VR), and integrated public safety devices, reflecting Wrap’s commitment to driving innovation in policing technology.

Photo of Governor Youngkin Presenting a Virginia State flag to Wrap COO Jared Novick to commemorate the major project partnership with the state of Virginia and Wrap Technologies Inc. NASDAQ:WRAP.

This initiative is…