Indonesian Police Force Releases Statement on BolaWrap(R)

TEMPE, AZ / ACCESSWIRE / June 16, 2020 / Wrap Technologies, Inc. (the "Company" or "Wrap") (NASDAQ:WRTC), an innovator of modern policing solutions, today reported the following statement about the Company's BolaWrap device, released by Arief Pujianto - Police Head of Division, Information & Logistics, Logistics Department of Indonesia National Police force:

"BolaWrap from Wrap Technologies (USA) is a very good restraining tool for Police Officer on the field to fight crimes in various kind of criminal actions such as robbery, assault and any other kind of criminal actions that could happen anytime within the civilians. Without inflicting any pain in the restraining attempt our frontlines officer would not be violating human rights.

This is important due to recently rising crime rates and current COVID-19 pandemics that cause fears and concerns to Indonesian citizens when going out of their home to do their daily activities.

BolaWrap has been tested by police officer and myself as responsible committee has proven its effectivity on restraining suspects. No need to use firearms and avoid any human rights violation accusation to police officers on the field."

Previously the Company reported an initial deposit placed by its distributor in Indonesia. Last week the Company fulfilled the balance of that order.

The Company's distributor secured a contract with the Indonesian National Police force following successful BolaWrap demonstrations across the country. The Company provided the Indonesian National Police force with custom BolaWrap devices with the police force's logo and matching uniform colors.

"Mr. Pujianto's statement reflects their understanding of the value of our BolaWrap remote restraint device as the only tool for law enforcement that is not designed to cause pain when used on noncompliant subjects," said Tom Smith, President of Wrap Technologies. "After visiting and demonstrating in Indonesia last year, it is great to see their initial order come to fruition as the interest from both the domestic and international communities continues to grow."

Highlights from the BolaWrap demonstrations in Indonesia can be found here.

About Wrap Technologies (NASDAQ: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 range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

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," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. 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 included 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.

WRAP TECHNOLOGIES CONTACT:
Paul M. Manley
VP - Investor Relations
612-834-1804
pmanley@wraptechnologies.com

SOURCE: Wrap Technologies, Inc.

Released June 16, 2020