Wrap Technologies Announces Exciting New Distributor Agreement with Kokusai Security

MIAMI, April 26, 2024 (GLOBE NEWSWIRE) --  Wrap Technologies, Inc. (NASDAQ: WRAP), a global leader in innovative public safety technologies, is proud to announce a strategic distribution partnership with Kokusai Security Service, a leading provider of security solutions in the Asia-Pacific region. This partnership marks a significant milestone for both companies, as they join forces to bring cutting-edge public safety solutions to law enforcement agencies and security professionals across the region.

Under this agreement, Kokusai Security will serve as a key distributor of Wrap Technologies' flagship products, including the BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions in designated areas within the region. Leveraging Kokusai Security's extensive network and expertise in the security industry, this partnership is expected to help facilitate the deployment and adoption of Wrap Technologies' innovative solutions throughout the Asia-Pacific market.

"We are thrilled to partner with Kokusai Security to expand the reach of our advanced public safety technologies in the Asia-Pacific region," said Scot Cohen, Chief Executive Officer of Wrap Technologies. "Kokusai Security's commitment to excellence and deep understanding of the security landscape make them the ideal partner to help us address the evolving needs of law enforcement agencies and security professionals.   We see a tremendous potential for our entire solutions set within the Asia-Pacific Region and this new partnership should help grow our product offering into an expansive growth region.”

The BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions are designed to enhance operational effectiveness, improve situational awareness, and promote de-escalation tactics in challenging scenarios. By offering a comprehensive suite of solutions, Wrap Technologies and Kokusai Security Services aim to empower security personnel with the tools they need to safely and effectively perform their duties while minimizing the risk of injury to both officers and subjects.

"We are excited to collaborate with Wrap Technologies to bring their innovative public safety solutions to our customers in the Asia-Pacific region," said Ken Yamazaki, President & CEO of Kokusai Security Services. "With the increasing demand for advanced security technologies, we believe that Wrap Technologies' products will play a crucial role in helping law enforcement agencies and security professionals achieve their mission objectives."