Wrap Publicizes First Sale of Wrap Actuality Inmate Societal Reentry Software program

TEMPE, Ariz., July 06, 2022 (GLOBE NEWSWIRE) — Wrap Applied sciences, Inc. (Nasdaq: WRAP) (the “Firm”), a world chief in progressive public security applied sciences and companies, at this time introduced the sale of its Societal Reentry Digital Actuality Software program to a corrections company in Ohio because the Firm continues to increase into different buyer segments.

The reentry and rehabilitation software program is a product line of the Firm’s Wrap Actuality digital actuality coaching system and is designed to show incarcerated people coping abilities by exposing them to varied conditions in an immersive, 360-degree atmosphere. This system has six ranges of analysis together with quizzes and instruction-based situations and gives academic content material for establishing a broad vary of abilities.

“This sale marks an vital milestone in Wrap Actuality’s continued enlargement into the bigger digital actuality software program markets,” commented Wrap CEO, TJ Kennedy. “We count on to see extra adoption by corrections companies as we proceed to coach {the marketplace} on the necessity to leverage digital actuality for incarcerated people to arrange for re-integration into society.”

About Wrap
Wrap Applied sciences (Nasdaq: WRAP) is a world chief in progressive public security applied sciences and companies. Wrap develops inventive options to advanced points and empowers public security officers to guard and serve their communities by means of its portfolio of superior know-how and coaching options. 

Wrap’s BolaWrap^® Distant Restraint machine is a patented, hand-held pre-escalation and apprehension instrument that discharges a Kevlar^® tether to quickly restrain uncooperative suspects and individuals in disaster from a distance. By its many area makes use of and rising adoption by companies throughout the globe, BolaWrap is proving to be an efficient instrument to assist legislation enforcement safely detain individuals with out damage or the necessity to use larger ranges of power.

Wrap Actuality, the Firm’s digital actuality coaching system, is a completely immersive coaching simulator and complete public security coaching platform offering first responders with the self-discipline and follow in strategies of de-escalation, battle decision, and use-of-force to higher carry out within the area.

Wrap’s headquarters are in Tempe, Arizona. For extra data, please go to wrap.com.

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Trademark Data
BolaWrap, Wrap and Wrap Actuality are emblems of Wrap Applied sciences, Inc. All different commerce names used herein are both emblems or registered emblems of the respective holders.

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Cautionary Word on Ahead-Trying Statements – Secure Harbor Assertion
This press launch comprises “forward-looking statements” inside the that means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995, together with however not restricted to: statements concerning the Firm’s total enterprise; whole addressable market; and, expectations concerning future gross sales and bills. Phrases corresponding to “count on,” “anticipate,” “ought to”, “consider”, “goal”, “challenge”, “objectives”, “estimate”, “potential”, “predict”, “might”, “will”, “may”, “intend”, and variations of those phrases or the adverse of those phrases and related expressions are supposed to establish these forward-looking statements. Furthermore, forward-looking statements are topic to quite a few dangers and uncertainties, a lot of which contain components or circumstances which might be past the Firm’s management. The Firm’s precise outcomes may differ materially from these said or implied in forward-looking statements because of quite a few components, together with however not restricted to: the Firm’s capacity to profitable implement coaching applications for using its merchandise; the Firm’s capacity to fabricate and produce product for its prospects; the Firm’s capacity to develop gross sales for its new product resolution; the acceptance of current and future merchandise; the supply of funding to proceed to finance operations; the complexity, expense and time related to gross sales to legislation enforcement and authorities entities; the prolonged analysis and gross sales cycle for the Firm’s product resolution; product defects; litigation dangers from alleged product-related accidents; dangers of presidency rules; the enterprise affect of well being crises or outbreaks of illness, corresponding to epidemics or pandemics; the affect ensuing from geopolitical conflicts and any ensuing sanctions; the flexibility to acquire export licenses for counties exterior of the US; the flexibility to acquire patents and defend IP in opposition to opponents; the affect of aggressive merchandise and options; and the Firm’s capacity to keep up and improve its model, in addition to different danger components talked about within the Firm’s most up-to-date annual report on Type 10-Okay, quarterly report on Type 10-Q, and different SEC filings. These forward-looking statements are made as of the date of this press launch and have been primarily based on present expectations, estimates, forecasts, and projections in addition to the beliefs and assumptions of administration. Besides as required by legislation, the Firm undertakes no obligation or obligation to replace any forward-looking statements contained on this launch on account of new data, future occasions or adjustments in its expectations.

Contact:
Paul M. Manley
VP – Investor Relations
(612) 834-1804
[email protected]

Media Contact: [email protected]