Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a
global leader in public safety innovation via artificial
intelligence (“AI”), virtual reality and big data, today announced
the appointment of Scot Cohen as its new Chief Executive Officer
(CEO). Mr. Cohen, a co-founder of the Company, the largest
shareholder, and Executive Chairman of the Company, is recognized
for his deep commitment to the Company's mission and extensive
experience in various industries.
Mr. Cohen stated, “The time has come to complete what Woody
Norris, the inventor of BolaWrap, and I began in 2015. I'm ready to
assume full responsibility for the organization, prioritizing
top-line growth, recruiting and leading top talent, and optimizing
costs through strategic outsourcing. This will enable a sharper
focus on sales while reducing overall expenses.”
Since its founding in 2016, Mr. Cohen has been a cornerstone of
Wrap, leading all rounds of financing, totaling $90M, and playing a
crucial role in shaping the Company’s strategic direction. With
over thirty years of experience building businesses and recruiting
top talent in the institutional asset
management and capital markets industries, Mr. Cohen is
exceptionally qualified to navigate the Company into a future of
expansion into new markets including commercial and private
security.
Mr. Cohen's proven leadership in Wrap spans more than just
financial aspects. As the longest-standing board
member, he has also been an essential force in driving
Wrap’s focus on wellness. His dedication to mental health and
wellness extends to his philanthropic efforts, running a charitable
foundation dedicated to providing mental health support, coaching,
and education to law enforcement and government officials.
The Company is also delighted to announce the
appointment of Kevin Mullins as President. In his time as the
Company’s Chief Executive Officer, Kevin’s substantial
contributions have been instrumental to Wrap's success, and his
continued involvement in this new role will bring invaluable
leadership and insight. The Company expresses its appreciation for
his many achievements and looks forward to his ongoing contribution
in this pivotal role.
Mr. Cohen said, “I want to thank Kevin Mullins for his
dedication to Wrap, which has put us in a great position for
continued success. As Chief Executive Officer, I am honored to lead
Wrap into the future. The passion, insight, and resilience I've
gained from watching my father and brother serve in public safety
will be invaluable and empowering in my role as CEO. Talent
onboarding is key to our growth. Our comprehensive platform,
encompassing devices, training, data, AI, and wellness, is
essential for serving communities globally. Our work will enhance
physical and mental safety, with higher purpose policing and safety
benefiting all of the Wrap community, and humanity. Through this
work, I hope our children’s children will experience the positive
change we plan to effect.”
Under Mr. Cohen's leadership, Wrap is set to
pursue a future of growth, expanding beyond policing and aligning
with the Company's commitment to enhancing public safety and
wellness. Mr. Cohen is dedicated to higher purpose policing, aiming
to elevate standards in law enforcement for community well-being
and trust.
About Wrap
Wrap Technologies, Inc. (Nasdaq: WRAP) is a
leading global provider of advanced public safety solutions,
integrating ultramodern technology, cutting-edge tools, and
comprehensive services to address the complex, modern day
challenges facing public safety organizations around the world.
Guided by a no-harm principle, Wrap is dedicated to developing
groundbreaking solutions that empower public safety agencies to
safeguard the communities they serve in a manner that fosters
stronger relationships. Driving safer outcomes, empowering public
safety and communities to move forward together.
Wrap's BolaWrap® solution encompasses an
innovative and patented hand-held remote restraint device,
strategically engineered with Wrap’s no-harm guiding principle to
proactively deter escalation by deploying a Kevlar® tether that
safely restrains individuals from a distance. Combined with
BolaWrap® training, certified by the esteemed International
Association of Directors of Law Enforcement Standards and Training
(IADLEST), Wrap enables officers from over 900 agencies across the
US and 60 countries around the world, with the expertise to
effectively use BolaWrap® as an early intervention measure,
mitigating potential risks and injuries, averting tragic outcomes.
Saving lives with each wrap.
Wrap Reality™, the Company’s advanced virtual
reality training system, is a fully immersive training simulator
and comprehensive public safety training platform equips first
responders with the discipline and practice to prevent escalation,
de-escalate conflicts, and apply appropriate tactical use-of-force
measures to better perform in the field. By offering a growing
range of real-life scenarios, Wrap Reality™ addresses the dynamic
nature of modern law enforcement situations for positive public
safety outcomes. Building safer communities one decision at a
time.
Wrap’s Intrensic solution is a comprehensive,
secure and efficient body worn camera and evidence collection and
management solution designed with innovative technology to quickly
capture, safely handle, securely store, and seamlessly track
evidence, all while maintaining full transparency throughout the
process. With meticulous consolidation and professional management
of evidence, confidence in law enforcement and the justice system
soars, fostering trust and reliability in court outcomes.
Intrensic’s efficient system streamlines the entire process
seamlessly, empowering all public safety providers to focus on what
matters. Expediting justice with
integrity. Connect with Wrap: Wrap
on Facebook Wrap on Twitter Wrap on
LinkedIn Trademark
Information
Wrap, the Wrap logo, BolaWrap®, Wrap
Reality™ and Wrap Training Academy are trademarks of Wrap
Technologies, Inc., some of which are registered in the U.S. and
abroad. All other trade names used herein are either trademarks or
registered trademarks of the respective
holders. Cautionary Note on Forward-Looking Statements
- Safe Harbor Statement This press release contains
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, including but not limited to: statements regarding the
Company’s overall business; total addressable market; and,
expectations regarding future sales and expenses. Words such as
“expect,” “anticipate,” “should”, “believe”, “target”, “project”,
“goals”, “estimate”, “potential”, “predict”, “may”, “will”,
“could”, “intend”, and variations of these terms or the negative of
these terms and similar expressions are intended to identify these
forward-looking statements. Moreover, forward-looking statements
are subject to a number of risks and uncertainties, many of which
involve factors or circumstances that are beyond the Company’s
control. The Company’s actual results could differ materially from
those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: the Company’s
ability to successful implement training programs for the use of
its products; the Company’s ability to manufacture and produce
product for its customers; the Company’s ability to develop sales
for its new product solution; the acceptance of existing and future
products; the availability of funding to continue to finance
operations; the complexity, expense and time associated with sales
to law enforcement and government entities; the lengthy evaluation
and sales cycle for the Company’s product solution; product
defects; litigation risks from alleged product-related injuries;
risks of government regulations; the business impact of health
crises or outbreaks of disease, such as epidemics or pandemics; the
impact resulting from geopolitical conflicts and any resulting
sanctions; the ability to obtain export licenses for counties
outside of the United States; the ability to obtain patents and
defend IP against competitors; the impact of competitive products
and solutions; and the Company’s ability to maintain and enhance
its brand, as well as other risk factors mentioned in the Company’s
most recent annual report on Form 10-K, quarterly report on Form
10-Q, and other SEC filings. These forward-looking statements are
made as of the date of this press release and were based on current
expectations, estimates, forecasts, and projections as well as the
beliefs and assumptions of management. Except as required by law,
the Company undertakes no duty or obligation to update any
forward-looking statements contained in this release as a result of
new information, future events or changes in its expectations.
Wrap’s headquarters are in Tempe, Arizona. For more information,
please visit wrap.com.
Investor Relations Contact:
800.583.2652ir@wrap.com
Media Relations Contact: Leigh Anne Arnold5W
Public Relationswrap@5wpr.com
Wrap Technologies (NASDAQ:WRAP)
過去 株価チャート
から 8 2024 まで 9 2024
Wrap Technologies (NASDAQ:WRAP)
過去 株価チャート
から 9 2023 まで 9 2024