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Delayed Nasdaq  -  04:00 2022-12-02 pm EST
2.510 USD   +8.66%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Wrap Technologies Appoints New Director of International Sales

11/02/2020 | 08:26am EST

TEMPE, Arizona, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRTC), an innovator of modern policing solutions, announced today the appointment of Jags Gill as the new Director of International Sales.

Based out of London, Mr. Gill brings over 15 years of experience in senior sales management across global law enforcement and security sectors. He will be responsible for managing and driving international sales for the Company’s products. Mr. Gill will be working closely with President and Interim CEO, Tom Smith, to expand the Company’s international footprint.

Most recently, Mr. Gill served as Director of International Sales for WatchGuard Video, Inc., a Motorola Solutions, Inc. subsidiary, and was responsible for managing global partners and leading a global sales force across Europe, Latin America and Asia. Mr. Gill previously served as UK sales manager for Taser International responsible for sales and marketing campaigns.

“This is our first salesperson living abroad,” said Smith. “We are thrilled to have Jags Gill on the team working directly with our international distributors as well as his own direct channels in law enforcement. Jags sales and marketing expertise will be a great asset invaluable as we grow our international business and reputation.”

“I look forward to playing a key role in accelerating international growth for BolaWrap® and Wrap’s other products,” said Mr. Gill. “I intend to utilize the current direct and indirect sales channels put in place thus far, while developing additional routes to market via the network of contacts I have built throughout my career. This is a unique time with law enforcement facing new challenges interfacing with the public and I am excited to work to advance adoption of BolaWrap by large police organizations globally.”

Jags Gill speaks English, German, Punjabi and Swahili and holds a degree in Business Administration from Kingston University.

About WRAP Technologies (WRTC)
WRAP Technologies is an innovator of modern policing solutions. The Company’s BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to restrain an individual at a distance from 10 to 25 feet. Developed by award winning inventor Elwood Norris, the Company’s 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.wraptechnologies.com.

Trademark Information
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.

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.

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/wraptechnologiesinc/

Wrap Technologies, Inc.
Paul M. Manley
VP – Investor Relations
(612) 834-1804

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a82d47f7-eb12-4014-9bb7-4fde31c09b38

Primary Logo

Jags Gill

Director of International Sales

ę GlobeNewswire 2020
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Financials (USD)
Sales 2022 7,89 M - -
Net income 2022 -17,1 M - -
Net Debt 2022 - - -
P/E ratio 2022 -6,05x
Yield 2022 -
Capitalization 103 M 103 M -
Capi. / Sales 2022 13,1x
Capi. / Sales 2023 5,72x
Nbr of Employees 68
Free-Float 61,8%
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 2
Last Close Price 2,51
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Managers and Directors
TJ Kennedy Chief Executive Officer & Director
Kevin Mullins President
Christopher James DeAlmeida Chief Financial Officer
Wayne Remell Walker Chairman
Milan Cerovic VP-Research & Development
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