Wrap Announces the Appointment of New CFO Chris DeAlmeida
25 July 2022 - 11:05PM
Wrap Technologies, Inc. (Nasdaq: WRAP) (the
“Company”), a global leader in innovative public safety
technologies and services, today announced the appointment of Chris
DeAlmeida to be the company’s new Chief Financial Officer (CFO).
Chris replaces Jim Barnes, who is retiring as CFO.
“We are excited to have Chris join the executive leadership team
at Wrap as we are making key decisions on our future strategic
roadmap,” commented Wrap CEO, TJ Kennedy. “Chris brings significant
CFO experience as well as Financial Planning and Analysis,
Strategic Planning, SEC Compliance, Capital Markets, M & A,
Accounting, and Investor Relations experience to our team at Wrap.
He has improved profit margins while diversifying and growing other
businesses. He has completed over 15 buy side M&A
transactions.”
Chris joins Wrap from his current role as Chief Financial
Officer at Encore where he successfully completed two acquisitions
and developed advanced reporting and forecasting tools to help
drive the growth of this $60M start up. Earlier in his career,
Chris was the Chief Financial Officer for six years and held such
titles as Treasurer, and Executive Vice President for Orion Group
Holdings (NYSE: ORN).
“I am excited to join the team at Wrap and be a part of the
future growth of a company that plays such an important role in
providing innovative tools and virtual reality training to public
safety professionals around the world,” said Wrap CFO Chris
DeAlmeida.
We want to thank Jim Barnes for his years of service at Wrap as
CFO, his support throughout this transition and wish him the best
in his retirement. Jim will continue to be available as a
consultant to the company.
About WrapWrap Technologies (Nasdaq: WRAP) is a
global leader in innovative public safety technologies and
services. Wrap develops creative solutions to complex issues and
empowers public safety officials to protect and serve their
communities through its portfolio of advanced technology and
training solutions. Wrap’s BolaWrap® Remote Restraint device
is a patented, hand-held pre-escalation and apprehension tool that
discharges a Kevlar® tether to temporarily restrain uncooperative
suspects and persons in crisis from a distance. Through its many
field uses and growing adoption by agencies across the globe,
BolaWrap is proving to be an effective tool to help law enforcement
safely detain persons without injury or the need to use higher
levels of force. Wrap Reality, the Company’s virtual reality
training system, is a fully immersive training simulator and
comprehensive public safety training platform providing first
responders with the discipline and practice in methods of
de-escalation, conflict resolution, and use-of-force to better
perform in the field. Wrap’s headquarters are in Tempe, Arizona.
For more information, please visit wrap.com.Connect with
Wrap:Wrap on FacebookWrap on Twitter Wrap on
LinkedInTrademark 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 the respective
holders.Cautionary Note on Forward-Looking Statements -
Safe Harbor StatementThis 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 regarding the
Company’s overall business; total addressable market; and,
expectations regarding future sales and expenses. Words such as
“expect,” “anticipate,” “should”, “believe”, “target”, “project”,
“goals”, “estimate”, “potential”, “predict”, “may”, “will”,
“could”, “intend”, and variations of these terms or the negative of
these terms and similar expressions are intended to identify these
forward-looking statements. Moreover, forward-looking statements
are subject to a number of risks and uncertainties, many of which
involve factors or circumstances that are beyond the Company’s
control. The Company’s actual results could differ materially from
those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: the Company’s
ability to successful implement training programs for the use of
its products; the Company’s ability to manufacture and produce
product 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 funding to continue to finance
operations; the complexity, expense and time associated with sales
to law enforcement and government entities; the lengthy evaluation
and sales cycle for the Company’s product solution; product
defects; litigation risks from alleged product-related injuries;
risks of government regulations; the business impact of health
crises or outbreaks of disease, such as epidemics or pandemics; the
impact resulting from geopolitical conflicts and any resulting
sanctions; the ability to obtain export licenses for counties
outside of the US; the ability to obtain patents and defend IP
against competitors; the impact of competitive products and
solutions; and the Company’s ability to maintain and enhance its
brand, as well as other risk factors mentioned in the Company’s
most recent annual report on Form 10-K, 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 were based on current
expectations, estimates, forecasts, and projections as well as the
beliefs and assumptions of management. Except as required by law,
the Company undertakes no duty or obligation to update any
forward-looking statements contained in this release as a result of
new information, future events or changes in its
expectations.Contact:Paul M. ManleyVP – Investor
Relations(612) 834-1804pmanley@wrap.com
Media Contact:
media@wrap.com
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