Wrap Technologies, Inc. - Common Stock (WRAP)
Frequently Asked Questions About Wrap Technologies, Inc. - Common Stock (WRAP)
Does Wrap Technologies conduct research and development?
Yes, Wrap Technologies invests in research and development to continually improve its products and explore new technologies that can benefit public safety. Their R&D efforts aim to enhance the effectiveness, reliability, and safety of their existing products while potentially developing new solutions to meet the evolving needs of law enforcement.
Has Wrap Technologies received any awards or recognition?
Yes, Wrap Technologies has received several awards and recognitions for its innovative approach to public safety. This includes accolades for the BolaWrap's design and effectiveness as a non-lethal restraint tool, as well as recognition from industry organizations and law enforcement groups that validate the effectiveness and safety of its solutions.
How can individuals invest in Wrap Technologies?
Individuals interested in investing in Wrap Technologies can purchase shares of the company through a brokerage account, as it is publicly traded on the Nasdaq under the ticker symbol WRAP. Prospective investors should conduct their due diligence and consider the company’s financial health, growth prospects, and industry position before making investment decisions.
How does Wrap Technologies contribute to community safety?
Wrap Technologies contributes to community safety by providing law enforcement agencies with innovative tools that enhance their operational effectiveness. By equipping officers with non-lethal solutions like the BolaWrap, the company aids in reducing incidents of excessive force, promoting safer interactions between police and the public, and fostering greater trust in law enforcement.
How does Wrap Technologies engage with law enforcement agencies?
Wrap Technologies actively engages with law enforcement agencies through demonstrations, training programs, and partnerships. They conduct workshops to train officers on the use of the BolaWrap and how to integrate it effectively into their operations, ensuring that agencies can fully utilize the device to improve public safety.
How does Wrap Technologies handle training for the BolaWrap?
Wrap Technologies provides comprehensive training for law enforcement personnel on the effective use of the BolaWrap device. This training includes hands-on demonstrations, simulations, and educational materials to ensure that officers understand the operational capabilities and safety protocols necessary for using the product during field operations.
Is Wrap Technologies publicly traded?
Yes, Wrap Technologies, Inc. is a publicly traded company listed on the Nasdaq stock exchange under the ticker symbol WRAP. This allows investors to buy and sell shares of the company, participating in its growth and development within the public safety sector.
What are the benefits of the BolaWrap compared to traditional restraint methods?
The BolaWrap offers several benefits over traditional restraint methods, including the ability to safely detain individuals from a distance, reducing the risk of injury to both the officer and the subject. It minimizes the use of lethal force, enhances situational control, and can be deployed in a variety of scenarios, ultimately fostering a more positive interaction between law enforcement and the community.
What are the financial highlights of Wrap Technologies?
As a publicly traded company, Wrap Technologies periodically reports its financial results, which include revenues, expenses, and net income. The company has shown growth in its product sales and partnerships with law enforcement agencies, reflecting a positive trajectory in its financial performance as it scales its operations.
What developments can we expect from Wrap Technologies in the future?
In the future, Wrap Technologies plans to enhance its product offerings with new features and technology advancements that improve the functionality and usability of the BolaWrap. They are also likely to explore new product lines and expand their presence in international markets, addressing the growing global demand for non-lethal law enforcement solutions.
What does Wrap Technologies, Inc. do?
Wrap Technologies, Inc. is a public safety technology company that develops innovative solutions aimed at enhancing law enforcement and public safety operations. Their flagship product, the BolaWrap, is a remote restraint device that enables law enforcement officers to safely detain a person from a distance without the need for lethal force. By leveraging technology, Wrap seeks to improve the safety of both officers and the communities they serve.
What is the BolaWrap?
The BolaWrap is a non-lethal restraint device designed to help law enforcement agencies safely detain subjects at a distance. It shoots out a cord that wraps around a person's arms or legs, rendering them immobile without causing serious injury. The device aims to provide an alternative to traditional methods of restraint, thereby reducing the potential for escalation in high-tension situations.
What is the company's mission statement?
Wrap Technologies' mission is to enhance public safety by providing innovative technologies that improve restraint and de-escalation techniques in law enforcement. The company is committed to reducing the reliance on lethal force and enhancing community trust through safer interactions between law enforcement and the public.
What is the growth strategy for Wrap Technologies?
Wrap Technologies' growth strategy involves expanding its market presence by increasing the adoption of the BolaWrap device among law enforcement agencies across the United States and internationally. The company aims to achieve this through strategic partnerships, targeted marketing efforts, and an emphasis on public safety education and outreach within communities.
What is Wrap Technologies' approach to sustainability?
Wrap Technologies is committed to sustainability by developing products that not only enhance public safety but also contribute to reducing environmental impact. The company is focused on using eco-friendly materials in manufacturing its devices and actively seeks to minimize its carbon footprint through efficient production processes.
What markets does Wrap Technologies target?
Wrap Technologies primarily targets law enforcement agencies and first responders, as well as private security firms and public safety organizations. The company aims to provide advanced non-lethal tools that enhance operational effectiveness and improve community safety in various settings, including urban areas, schools, and large events.
When was Wrap Technologies, Inc. founded?
Wrap Technologies, Inc. was founded in 2016. Since its inception, the company has focused on developing cutting-edge technologies designed to improve public safety and law enforcement practices by minimizing the use of lethal force and enhancing officer and community safety.
Where is Wrap Technologies, Inc. headquartered?
Wrap Technologies, Inc. is headquartered in San Diego, California. This location allows the company to be at the forefront of technology development and innovation, positioning it in a thriving market that values advancements in public safety and law enforcement tools.
Who are the key executives of Wrap Technologies, Inc.?
The executive team at Wrap Technologies, Inc. includes experienced professionals with backgrounds in law enforcement, technology, and corporate management. Key members include CEO Tom Smith, who brings extensive experience in product development and business strategy, and other leaders who contribute their expertise to guide the company’s vision and operations.
Who are Wrap Technologies' competitors?
Wrap Technologies faces competition from other companies in the public safety and law enforcement technology sector, including firms that develop non-lethal restraint devices, body cameras, and various communication tools for officers. Notable competitors may include Axon, Taser International, and other emerging tech companies focused on law enforcement solutions.
What is the current price of Wrap Technologies, Inc. - Common Stock?
The current price of Wrap Technologies, Inc. - Common Stock is 1.470
When was Wrap Technologies, Inc. - Common Stock last traded?
The last trade of Wrap Technologies, Inc. - Common Stock was at 4:00 pm EDT on April 3rd, 2025
What is the market capitalization of Wrap Technologies, Inc. - Common Stock?
The market capitalization of Wrap Technologies, Inc. - Common Stock is 111.49M
How many shares of Wrap Technologies, Inc. - Common Stock are outstanding?
Wrap Technologies, Inc. - Common Stock has 75.84M shares outstanding.