Wrap Technologies, Inc. - Common Stock (WRAP)

Microsoft has unveiled a strategic partnership with Sanctuary AI to enhance AI capabilities for general-purpose robots, prominently featuring Sanctuary’s humanoid, Phoenix. Under this collaboration, Sanctuary AI will leverage Microsoft’s Azure cloud services to develop sophisticated “Large Behavior Models” (LBMs), designed to help AI systems learn from direct real-world interactions. This initiative will propel AI advancements … Continue reading "Microsoft and Sanctuary AI Collaborate to Advance General-Purpose Robots"

Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced that it has appointed TJ Kennedy as Chief Executive Officer and Kevin Mullins as President, effective immediately.

Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced a leadership transition plan to support the next phase of its corporate strategy, which is focused on diversifying the Company’s suite of products, offerings and services. The plan provides for the following:

Palm Beach, FL – August 2, 2021 – FinancialNewsMedia.com News Commentary – VR Technology has gained widespread recognition and adoption over the past few years. Recent technological advancements in this field have revealed new enterprises. Numerous players are emerging in this market with the hopes of navigating it toward mainstream adoption. Virtual Reality (VR) is a digitally created experience where a three-dimensional environment is simulated with the real-world. The technology offers an immersive experience to the viewers with the help of VR devices, such as headsets or glasses, gloves, and bodysuits. The technology has brought a transformation in the gaming and entertainment industries by allowing users to experience immersion in a highly virtual realm. In addition, the increasing usage of this technology in instructive training, such as for training mechanics, engineers, pilots, soldiers in defense, field workers, and technicians, in the oil & gas and manufacturing sectors is driving the market growth. Mordor Intelligence reported that the Virtual Reality (VR) market was valued at USD 17.25 billion in 2020 and is expected to reach USD 184.66 billion by 2026, at a CAGR of 48.7% over the forecast period 2021 – 2026.   Mordor pointed out that the investments by the technology vendors are creating advancements in the field of display technology, which is going to change the vision of the traditional methodology. With technology giants, like Google, investing considerable amounts in tech startups for the development of VR devices and other prominent players investing in their R & D over this segment, the future of the market will be more competitive.    Active Companies in the markets today include Wrap Technologies, Inc. (NASDAQWRAP), Amazon.com, Inc. NASDAQ: AMZNNASDAQAMZN)(NYSE: PLTRNYSEPLTR, Microsoft Corporation (NASDAQ: MSFTNASDAQ), Alphabet Inc. (NASDAQ: GOOGGOOG).

Wrap Reality will utilize AWS GovCloud (US) for Service, Delivery, and Storage

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