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Posted On: 06/15/2020 3:50:51 PM
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NetworkNewsBreaks – Wrap Technologies, Inc. (NASDAQ: WRTC) Announces New BolaWrap Order, Eyes Growing Demand for Remote Restraint
Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced a new initial order of BolaWrap products and accessories. According to the update, the European order represents the third major country in Europe to purchase BolaWrap products in the last eight months. “We are witnessing growing demand for our remote restraint solution by the international law enforcement community, especially in those countries where officers are not allowed to carry deadly weapons,” Tom Smith, president at Wrap Technologies, stated in the news release. “The international law enforcement market is 12 times the size of the U.S. market. In contrast to the United States where each police agency decides whether or not to implement a new police tool, internationally, decisions to implement tools for law enforcement are generally made on the national level by individual entities. Our experience has been that demonstrations are followed by opening orders followed by much larger agency purchases. So, while the process may be longer, international order sizes are generally more significant.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Wrap Technologies (NASDAQ: WRTC), an innovator of modern policing solutions, today announced a new initial order of BolaWrap products and accessories. According to the update, the European order represents the third major country in Europe to purchase BolaWrap products in the last eight months. “We are witnessing growing demand for our remote restraint solution by the international law enforcement community, especially in those countries where officers are not allowed to carry deadly weapons,” Tom Smith, president at Wrap Technologies, stated in the news release. “The international law enforcement market is 12 times the size of the U.S. market. In contrast to the United States where each police agency decides whether or not to implement a new police tool, internationally, decisions to implement tools for law enforcement are generally made on the national level by individual entities. Our experience has been that demonstrations are followed by opening orders followed by much larger agency purchases. So, while the process may be longer, international order sizes are generally more significant.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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