Wrap Technologies to Showcase Its BolaWrap Solution at the Public Risk Management Association (PRIMA) Conference

TEMPE, Ariz., June 01, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solution, today announced its participation in the Public Risk Management Association (PRIMA) Conference, taking place in Long Beach, California from June 4 to June 7, 2023.

Wrap will demonstrate its cutting-edge BolaWrap solution, offering a practical and effective approach to mitigating the risk of injury and reducing liability and workmen’s compensation claims for risk pools covering law enforcement agencies nationwide. This innovative, patented hand-held remote restraint device is designed in accordance with Wrap’s no-harm guiding principle to actively deter escalation. Deploying a Kevlar tether, BolaWrap enables officers to safely restrain individuals from a distance, proactively preventing escalation and reducing risk of injury to all parties involved.

Recent investigations have revealed that excessive use of force claims have cost jurisdictions over $3 billion in the past decade, with an average high-profile misconduct payout of approximately $13.5 million, according to the National Police Funding Database. Even without significant payouts, the financial impact of a single court case can reach up to $150,000.

A study funded by the National Institute of Justice found that injury rates to citizens when force was used ranged from 17% to 64%, and injury rates among officers ranged from 10% to 20%. The FBI reports that 51% of use of force incidents result in bodily injury, creating liability risks for increased citizen claims and workmen’s compensation claims for injured officers.

"We recognize the pressing need to address the risks associated with excessive use of force, which can result in both physical harm and potential legal repercussions,” Kevin Mullins, CEO of Wrap, said. “Our mission is to equip law enforcement agencies with transformative solutions that prioritize preventing escalation and minimizing the reliance on techniques that cause pain or injury. By equipping officers with effective tools like the BolaWrap solution, we aim to mitigate risks, enhance public safety, and reduce liability for all stakeholders involved. Our confidence in the efficacy of this solution is reflected in our guarantee of a 10% reduction in the use of force, which ultimately mitigates law enforcement liability risk.”