Benzinga | Jan 5, 2022 09:14AM EST

WRAP Announces International Sale Of 15,000 Cartridges For BolaWrap Remote Restraint Device

Wrap Technologies, Inc. (NASDAQ:WRAP) (the "Company"), a global leader in innovative public safety technologies and services, today announced the international sale of 15,000 cartridges for its BolaWrap 100(r) remote restraint device.

"This activity validates the International market's growing commitment to less use of force, not only in choosing to carry the BolaWrap, but in providing officers with ample opportunity to consistently and effectively train for field use," said Tom Smith, WRAP CEO & President. "WRAP is dedicated to designing and manufacturing best-in-class less-lethal force options, as well as ensuring that officers have the professional development opportunities necessary to make lasting changes to their use-of-force programs."

Wrap received the order in late December of 2021 and the revenue is expected to be recognized in Q4 2021 and Q1 2022.