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OFFON

WRAP TECHNOLOGIES, INC.

(WRAP)
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WRAP to Highlight Law Enforcement Solutions at Lytham Partners Summer 2021 Investor Conference on June 16, 2021 at 3:30 p.m. ET

06/09/2021 | 09:53am EDT

Company recently announced that the BolaWrap remote restraint device is now approved for sale in Italy and that the LAPD BolaWrap Pilot Program extension begins in Q3 2021

Company reported 123% year-over-year revenue growth for Q1 2021, driven by strong U.S. and international demand for the BolaWrap

TEMPE, Ariz., June 09, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today announced that CEO Tom Smith will be presenting at the Lytham Partners Summer 2021 Investor Conference to be held on June 14-16, 2021.

Mr. Smith will provide an overview of the Company, including its BolaWrap remote restraint device and WRAP Reality simulation-based training platform, the growing market interest both in the U.S. and internationally, new BolaWrap pilot program announcements, successful police field uses preventing escalation of force, and its strong first-quarter 2021 financial results and operating metrics.

Presentation date: Wednesday, June 16, 2021
Presentation time: 3:30 p.m. ET / 12:30 p.m. PT
Event registration link: https://www.webcaster4.com/Webcast/Page/2725/41498

The webcast will be archived and available for replay following the live event.

WRAP management will also be participating in virtual one-on-one meetings throughout the event, which runs from June 14-16, 2021. To arrange a meeting, please contact a Lytham Partners representative at 1x1@lythampartners.com or register at http://www.lythampartners.com/summer2021invreg.

About WRAP
WRAP Technologies (Nasdaq: WRAP) is a global leader in innovating public safety technologies and services that deliver advanced solutions focused on avoiding escalation. The BolaWrap® Remote Restraint device, WRAP's first product, is a patented, hand-held device that discharges a Kevlar® tether to temporarily restrain from a safe distance. Through many field uses and growing adoption by agencies worldwide, BolaWrap is proving to be an effective tool to safely detain persons without injury. WRAP Reality, the Company's virtual reality training system, is an immersive training simulator and comprehensive public safety training platform designed to empower first responders with the necessary knowledge to perform in the field. WRAP's headquarters are located in Tempe, Arizona. For more information, please visit wrap.com.

Follow WRAP here:
WRAP on Facebook: https://www.facebook.com/wraptechnologies/
WRAP on Twitter: https://twitter.com/wraptechinc
WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologies/

Trademark Information
BolaWrap, Wrap and Wrap Reality are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement
This 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: the Company's ability to successful 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; 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 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'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 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.

Contact:

Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wrap.com


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ę GlobeNewswire 2021
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Financials (USD)
Sales 2021 8,93 M - -
Net income 2021 -25,3 M - -
Net Debt 2021 - - -
P/E ratio 2021 -12,1x
Yield 2021 -
Capitalization 322 M 322 M -
Capi. / Sales 2021 36,1x
Capi. / Sales 2022 12,3x
Nbr of Employees 52
Free-Float 60,0%
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Technical analysis trends WRAP TECHNOLOGIES, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 7,96 $
Average target price 9,42 $
Spread / Average Target 18,3%
EPS Revisions
Managers and Directors
Thomas P. Smith President, Chief Executive Officer & Director
James A. Barnes Chief Financial Officer, Secretary & Treasurer
Patrick Kinsella Chairman
Glenn Hickman Chief Operating Officer
Michael Parris Independent Director
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