Exhibit 99.1
WRAP Appoints Public Safety Technology Executive Glenn Hickman as
Chief Operating Officer
Former Axon Enterprises product leader to continue advancing
BolaWRAP family of products
Elwood “Woody” Norris retiring from CTO Role, remain as
strategic consultant
TEMPE, Arizona, July 2, 2021 -- Wrap Technologies, Inc. (the
"Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety
technologies and services, announced the appointment of Glenn
Hickman as Chief Operating Officer. Hickman will work closely with
the growing engineering and operations teams to continue building
out WRAP’s product lines. Woody Norris, inventor of the
BolaWRAP, retired as CTO at the end of June and will continue to
play an active role at WRAP as a strategic consultant focusing on
new innovations.
Hickman is
a proven executive with extensive research and development, supply
chain, manufacturing, and software engineering experience. Hickman
worked at Axon Enterprises (formerly TASER International) from
2011-2019, serving as Vice President of Research and Development
from 2014-2019. At Axon, Hickman led the launch of six hardware
products, all connected to an ecosystem of cloud software and
mobile apps. He created engineering and supply chain processes and
grew the engineering team from 35 to 70. Hickman was responsible
for establishing the company’s first manufacturing line in
Shenzhen, China, and an optics engineering team in
Finland.
Hickman
graduated with distinction from Stanford University, receiving his
Bachelor and Master of Science in Mechanical Engineering. Hickman
received his MBA with honors from Northwestern University’s
Kellogg School of Management with a double major in Strategy and
Marketing.
“I
am proud to have Glenn join our executive team and work with Woody
to continue the advancement of our BolaWRAP and WRAP Reality family
of products,” said Tom Smith, President and CEO at WRAP.
“As Woody continues to work on true innovation projects at
WRAP, it is reassuring to know that Glenn will also be working to
help drive new product development and organizational processes.
Glenn’s impressive experience will be invaluable for WRAP as
we grow.”
"I am
excited to join WRAP to help develop and deliver solutions that
solve the difficult problems facing law enforcement and their
communities,” said Hickman. “The strong team that WRAP
is assembling will continue to generate innovations around
Woody’s original BolaWRAP invention and WRAP’s recently
launched WRAP Reality platform.”
Woody
Norris has had a long, distinguished career, authoring more than 80
US patents as an award-winning American inventor and serial
entrepreneur. He will continue to work on breakthrough technologies
for WRAP while also taking some well-deserved time for
himself.
About WRAP
WRAP
Technologies (Nasdaq: WRAP) is a global leader in innovative public
safety technologies and services. WRAP develops creative solutions
to complex issues and empowers public safety officials to safely
protect and effectively serve their communities through its
portfolio of advanced technology and superior training
solutions.
WRAP’s BolaWRAP® Remote Restraint device is a patented,
hand-held pre-escalation and apprehension tool that discharges a
Kevlar® tether to temporarily restrain uncooperative suspects
and persons in crisis from a distance. Through its many field uses
and growing adoption by agencies across the globe, BolaWRAP
is proving
to be an effective tool to safely
detain persons without injury or the need to use higher levels of
force.
WRAP
Reality, the Company’s virtual reality training system, is a
fully immersive training simulator and comprehensive public safety
training platform providing first responders with the discipline
and practice in methods of de-escalation, conflict resolution, and
use-of-force to better perform in the field.
WRAP’s headquarters are 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 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; 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 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
Media Contact: media@wrap.com