Wrap Tech: Nets Seattle police nod for restraint device, shares hit 8-mth high

Wrap Technologies

26/05/2021 15:36

** Shares of security tech developer Wrap Technologies
 WRAP.O  jump 12.1% to $7.78, their highest since Sept 2020
    ** Co says the Seattle Police Department approved a pilot
program for co's BolaWrap Remote Restraint device; co to release
further details when available   urn:newsml:reuters.com:*:nGNX7BLD39
    ** BolaWrap is a handheld device that discharges a Kevlar
tether to restrain an individual from a distance; program was
approved for a one-year extension by the Los Angeles board of
Police Commissioners earlier in May  urn:newsml:reuters.com:*:nFWN2MR19S
    ** Stock up ~43% YTD as of its last close

 (Reporting by Ambar Warrick in Bengaluru)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))