Benzinga | Jan 4, 2022 09:48AM EST

Wrap Technologies Reports Reorder Of BolaWrap 150 By Dominican Republic Ministry Of Defense, No Terms Disclosed

Wrap Technologies, Inc. (NASDAQ:WRAP) (the "Company"), a global leader in innovative public safety technologies and services, today announced that the Company received and shipped an order for 100 BolaWrap 150 remote restraint devices from the Dominican Republic Ministry of Defense.

The order follows live demonstrations of the device delivered in April of 2021 following an initial order of 20 devices for the Navy of the Dominican Republic. The demonstrations were presented to five government departments in total.

"We're seeing momentum in international markets despite the continuation of the pandemic," said Tom Smith, WRAP President & CEO. "The time frame may be extended for international orders, but we are seeing encouraging progress by distributors and their customers."

WRAP received and shipped the order for its BolaWrap 150 remote restraint devices in the fourth quarter of 2021.