WRAP Appoints Public Safety Technology Executive Glenn Hickman as Chief Operating Officer

Former product leader of Axon Enterprises is further developing the BolaWRAP product family

Elwood “Woody” Norris retires from the role of CTO and remains as a strategic advisor

TEMPE, Arizona, July 02, 2021 (GLOBE NEWSWIRE) – Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced the appointment of Glenn Hickman as Chief Operating Officer. Hickman will work closely with the growing engineering and operations teams to further expand WRAP’s product lines. Woody Norris, inventor of the BolaWRAP, retired as CTO at the end of June and will continue to play an active role at WRAP as a strategic advisor with a focus on new innovations.

Hickman is a recognized executive with extensive experience in research and development, supply chain, manufacturing, and software development. Hickman worked at Axon Enterprises (formerly TASER International) from 2011 to 2019 and served as Vice President of Research and Development from 2014 to 2019. At Axon, Hickman led the launch of six hardware products, all connected to an ecosystem of cloud software and mobile apps. He developed engineering and supply chain processes and increased the engineering team from 35 to 70. Hickman was responsible for building the company’s first production line in Shenzhen, China, and an optics engineering team in Finland.

Hickman graduated from Stanford University with honors and received his Bachelor and Master of Science degrees in mechanical engineering. Hickman received his Honors MBA from Northwestern University’s Kellogg School of Management with a double major in strategy and marketing.

“I am proud to have Glenn on our leadership team and to work with Woody to continue developing our BolaWRAP and WRAP Reality family of products,” said Tom Smith, President and CEO of WRAP. “With Woody continuing to work on real innovation projects at WRAP, it’s comforting to know that Glenn will also be working on driving new product developments and organizational processes. Glenn’s impressive experience will be invaluable to WRAP as we grow. “

“I am excited to join WRAP to develop and deliver solutions that solve the tough problems facing law enforcement and their communities,” said Hickman, who launched the WRAP Reality platform. “

Woody Norris has had a long and distinguished career, and as an award-winning American inventor and serial entrepreneur, has written more than 80 US patents. He will continue to work on breakthrough technologies for WRAP while taking well-deserved time to himself.

About WRAP
WRAP Technologies (Nasdaq: WRAP) is a leading global provider of innovative technologies and services for public safety. WRAP develops creative solutions to complex problems and empowers public safety officials to safely protect and effectively serve their communities through its portfolio of advanced technology and superior training solutions.

WRAP’s BolaWRAP® Remote Restraint Device is a patented, hand-held pre-escalation and arrest device that discharges a Kevlar® tether to temporarily remotely restrain uncooperative suspects and those in crisis. Due to its wide range of uses and the growing acceptance by agencies around the world, BolaWRAP proving be an effective tool to hold people securely without being injured or force majeure.

WRAP Reality, the company’s virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that teaches first responders the discipline and practice in methods of de-escalation, conflict resolution, and the use of force to better perform Field.

WRAP is headquartered in Tempe, Arizona. For more information, please visit Wrap.com.

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Brand information
BolaWrap, Wrap, and Wrap Reality are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of their respective holders.

Cautionary Statement Regarding 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 relating to the company’s overall business; total addressable market; and expectations of future sales and expenses. Words like “expect”, “anticipate”, “should”, “believe”, “aim”, “project”, “goals”, “estimate”, “potentially”, “predict”, “can”, “will”, “May”, “intend” and variations of these terms or the negation of these terms and similar expressions are intended to identify these forward-looking statements. In addition, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond the control of the company. The company’s actual results could differ materially from those expressed or implied in forward-looking statements due to a number of factors including, but not limited to: the company’s ability to successfully implement training programs on the use of its products; the company’s ability to manufacture and manufacture products 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 funds to further finance operations; the complexity, cost, and time involved in law enforcement and government sales; the lengthy evaluation and sales cycle for the company’s product solution; Product defect; Litigation risks from alleged product-related violations; Risks of government regulations; the business impact of health crises or disease outbreaks such as epidemics or pandemics; the ability to obtain export licenses for countries outside of the US; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the company’s ability to maintain and improve its brand and other risk factors mentioned in the company’s most recent annual report on Form 10-K, its 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 are based on current expectations, estimates, forecasts and projections, as well as on the beliefs and assumptions of management. Except as required by law, the company assumes no obligation or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations.

Contact:

Paul M. Manley
VP – Investor Relations
(612) 834-1804
pmanley@wrap.com

Media contact: media@wrap.com

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