Benzinga | Nov 10, 2021 09:58AM EST

Wrap Technologies Says Co's New BolaWrap 150 Device Received Classification From Royal Canadian Mounted Police

Wrap Technologies, Inc. (the "Company" or "WRAP") (NASDAQ:WRAP), a global leader in innovative public safety technologies and services, along with its BolaWrap distributor in Canada, TRAPT Technologies Canada Inc. (www.traptca.com), today announced the Royal Canadian Mounted Police (RCMP) completed the classification request of the next generation BolaWrap 150 remote restraint device. In less than a month, the RCMP released a Firearms Reference Table (FRT) report exempting product sales of the BolaWrap 150 from being classified as a prohibited device or firearm per Section 84(3) of the Canadian Criminal Code.



"Following the classification of the BolaWrap 100 back in August, the RCMP moved quickly to classify the next generation BolaWrap 150 which was just launched last month," said Michael Harvey, President and Chief Technology Officer of TRAPT Technologies Canada. "The interest continues to build throughout Canada and evidenced by the Sainte-Anne Police already carrying the BolaWrap for its active-duty police officers. With the classification now completed, we will be moving quickly to meet the demo and training requests by Canadian law enforcement throughout the country."

"I am very pleased with how quickly the RCMP moved to classify the BolaWrap 150 following last month's product launch," said Tom Smith, President and CEO of WRAP. "Canadian law enforcement is excited to see the newest generation of the BolaWrap family of products which can help safely prevent escalation in challenging situations involving individuals in crisis."

The Company previously reported on August 23, 2021, that the RCMP's classification of WRAP's first-generation product, BolaWrap 100 remote restraint device, exempt as a prohibited device or firearm.