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Company Overview

Business Description

Sector
Information Technology
Industry
Electrical Equipment
Headquarters
United States of America US
Employees
25
IPO date
May 18, 2018

Wrap Technologies makes public-safety tools designed to help officers restrain people without using a gun, baton, or chemical spray. Its main product is the BolaWrap, a handheld device that shoots a Kevlar tether to briefly entangle a person from a distance. The company also sells related training, accessories, and software used by police and security teams to learn and document how the tools are deployed.

Its customers are mainly police departments, sheriffs’ offices, corrections agencies, and some private security groups. Wrap earns money by selling the devices, consumable parts, and training services, and by supporting agencies that want a less-lethal option for close encounters. In practice, it sits in the public-safety equipment market as a specialist supplier rather than a broad law-enforcement vendor.

What makes the business different is that it is focused on one specific job: giving officers a fast way to control a situation at a distance while reducing the need for hands-on struggle. That narrows its market, but it also gives Wrap a clear role in the less-lethal category, where agencies look for tools that fit their use-of-force policies and training standards.

Wrap Technologies Inc Investor Relations

Address
3480 Main Hwy, Suite 202
Miami, Florida
United States of America

Business Segments

BolaWrap devices

Wrap Technologies designs and sells the BolaWrap remote restraint device and related cartridges used by police and other public safety teams to temporarily restrain people from a distance without using a taser or firearm...

Customers and revenue model

Training and support

Wrap Technologies provides training, certification, and ongoing support for agencies using its restraint tools and related public safety products.

Customers and revenue model

Management

Mr. Scot Jason Cohen

Founder, CEO, Executive Chairman & Interim Principal Financial and Accounting Officer

Biography unavailable

Mr. Jared Novick

Chief Operating Officer

Biography unavailable

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