Wrap Technologies Announces A 20 Unit Expansion Order For BolaWrap 150 Remote Restraint Devices By The Detroit Police Department Following A Successful Initial Partial Deployment In 2023
Portfolio Pulse from Benzinga Newsdesk
Wrap Technologies, Inc. (NASDAQ:WRAP) announced a 20 unit expansion order for BolaWrap 150 devices by the Detroit Police Department, following a successful initial deployment. The devices support the Crisis Intervention Team in safely managing individuals in mental health crises. This marks a significant adoption of Wrap's 'no-harm' public safety solutions in a major urban area, reflecting a shift towards minimal force policing.
March 05, 2024 | 2:20 pm
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Wrap Technologies receives a significant order from the Detroit Police Department for 20 BolaWrap 150 devices, indicating growing adoption of their 'no-harm' public safety solutions.
The order from a major city's police department like Detroit not only signifies a direct financial benefit but also serves as a strong endorsement of Wrap Technologies' products. This could lead to increased interest and orders from other agencies, positively impacting WRAP's stock in the short term.
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