WRAP TECHNOLOGIES, INC. Item 7.01 Regulation FD Disclosure.
Issuance of Press Release
On
Classification of BolaWrap 150
The Company received a letter from the
Disclaimer.
The information set forth in or incorporated by reference into Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Forward-Looking Statements.
The attached 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", 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'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: plaintiffs'
ability to file an amended complaint in the Action; the Company's ability to
successfully 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, including the acceptance of the BolaWrap 150;
the risk that distributor and customer orders for future deliveries are
modified, rescheduled or cancelled in the normal course of business; 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 business impact of health crises
or outbreaks of disease, such as epidemics or pandemics; the ability to obtain
export licenses for countries outside of the US; 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 mentioned in the Company's most recent annual report on
Form 10-K, quarterly report on Form 10-Q, and other
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