WRTC - Why Wrap Technologies Stock Soared to All-Time Highs Today
Shares of Wrap Technologies (NASDAQ: WRTC) have soared to all-time highs today, up by 15% as of 12:45 p.m. EDT, after the company announced that it had scored purchase orders from several police departments. The orders for its flagship BolaWrap products include the devices, cartridges, and accessories.
Police agencies in Texas, Illinois, and Michigan have placed purchase orders for BolaWrap gear, which allow law enforcement officers to safely restrain suspects by deploying a Kevlar tether that wraps around them. Wrap did not disclose how much the purchase orders are worth but did note that it has received over 250 requests from law enforcement agencies around the country since the beginning of June for quotes, training, and product demonstrations.
Image source: Wrap Technologies.