Wrap Technologies Inc (WRTC.OQ)

WRTC.OQ on NASDAQ Stock Exchange Capital Market

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Wrap Technologies, Inc., formerly Wrap Technologies, LLC, is a security technology company. The Company is engaged in providing solutions to customers, primarily law enforcement and security personnel. Its product includes the BolaWrap 100. The BolaWrap 100 is a 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. BolaWrap 100 assists law enforcement to safely and effectively control encounters. BolaWrap 100 enables law enforcement to remotely and temporarily control an individual or impede flight by targeting and wrapping an individual’s legs.

BolaWrap 100 contains a receptacle for the bola cartridge along with the activation, deployment and safety mechanisms. Bola cartridges are quickly ejected allowing rapid reloading, activation and deployment. The bola cartridge contains two sockets that discharge two small pellets at a thirty degree angle. The pellets are linked by the eight-foot Kevlar tether. Small barbs on each pellet engage clothing to retard the unwinding of the bola tether wrap. The bola cartridge contains a 9 millimeter fractional charge blank cartridge to discharge the tether. As of April 17, 2017, the Company’s product was in the development stage and it had no operations.

The Company competes with Taser International, Inc. and Defense Technology.

Company Address

Wrap Technologies Inc

1817 W 4th St
TEMPE   AZ   85281-2403
F: +1302.6745266

Company Web Links

Officers & Directors

Name Age Since Current Position

Scot Cohen

51 2018 Executive Chairman of the Board

Thomas Smith

52 2019 President

Marc Thomas

2020 Chief Executive Officer

James Barnes

65 2018 Chief Financial Officer, Treasurer, Corporate Secretary

Michael Rothans

57 2018 Chief Operating Officer