Wrap Technologies Announces National Sponsorship of the National Faith & Blue Weekend

TEMPE, Ariz., Aug. 24, 2020 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (“Wrap” or the “Company”) (Nasdaq: WRTC) is proud to sponsor the 2020 National Faith & Blue Weekend (NFBW) as one of three exclusive sponsors. National law enforcement groups, MovementForward, Inc.’s One Congregation One Precinct (OneCOP) initiative and the U.S. Department of Justice Office of Community Oriented Policing Services (COPS Office) are jointly organizing the most consolidated police-community engagement project in recent history. Wrap Technologies, FirstNet Built with AT&T, and Motorola Solutions Foundation are the sponsors for this effort. The mission of NFBW is to facilitate safer, stronger and more unified communities by connecting law enforcement officers and residents through local houses of worship.“Wrap Technologies is honored to be a partner in the inaugural National Faith & Blue Weekend.  This innovative and collaborative police-community engagement project will facilitate safer and stronger communities by connecting law enforcement officers and the residents they protect and serve.  We are a company with a strong commitment to building police and community relations and a mission to support public safety.  It is paramount that we partner with community leaders across the United States to help  to facilitate connections between the public and law enforcement,”  said Marc Thomas, CEO, Wrap Technologies.NFBW is an unprecedented national law enforcement-community engagement project involving nearly every major national law enforcement group in the United States of America along with the three entities in the federal government that deal most directly with policing. On April 27, 2020, the heads of each of the following organizations participated in the initial organizing meeting:Office of Community Oriented Policing Services, United States Department of JusticeOffice of Justice Programs, United States Department of JusticeBureau of Justice Assistance, United States Department of JusticeFederal Law Enforcement Officers AssociationFraternal Order of PoliceHispanic American Police Command Officers AssociationInternational Association of Chiefs of PoliceInternational Brotherhood of Police OfficersInternational Conference of Police ChaplainsMajor County Sheriffs of AmericaSecure Community NetworkNational Association of Assistant United States AttorneysNational Association of Police OrganizationsNational Association of Women Law Enforcement ExecutivesNational Black Police AssociationNational District Attorney’s AssociationNational Law Enforcement Officers Memorial FundNational Organization of Black Law Enforcement ExecutivesNational Narcotics Officers’ Associations’ CoalitionNational Police FoundationNational Sheriffs’ AssociationPolice Executive Research ForumInitial meeting participants had no idea that the unfortunate death of George Floyd in Minneapolis nearly three weeks later would accelerate and reiterate the necessity for this so sorely needed, change effort.For more information about National Faith and Blue Weekend, visit www.faithandblue.org.Trademark Information: BolaWrap and Wrap are trademarks of Wrap Technologies, Inc.  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 ability to obtain export licenses for counties outside of the US; 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 TECHNOLOGIES CONTACT:
Paul M. Manley
VP – Investor Relations
[email protected]

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