Wrap Technologies, Inc. Bolsters BolaWrap 150 Deployments, Promoting Safer Communities Nationwide
Portfolio Pulse from Benzinga Newsdesk
Wrap Technologies, Inc. (NASDAQ:WRAP) is experiencing increased deployments of its BolaWrap 150 Remote Restraint device, which is being recognized for its non-lethal approach to law enforcement situations, including mental health crises. The device's adoption is part of a shift towards de-escalation and empathy in policing, with positive feedback from law enforcement agencies like the Hawthorne Police Department.
November 21, 2023 | 2:24 pm
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Wrap Technologies' BolaWrap 150 is seeing increased use in law enforcement, indicating a growing market acceptance and potential for increased sales and positive brand recognition.
The news of increased deployments of BolaWrap 150 suggests that Wrap Technologies is successfully expanding its market presence and could see a rise in sales, which is likely to have a positive impact on the company's stock price in the short term. The positive feedback from law enforcement agencies, such as the Hawthorne Police Department, enhances the company's reputation and could lead to further adoption of the product.
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