05:02 PM EST, 11/22/2024 (MT Newswires) -- Wrap Technologies ( WRAP ) said late Friday it is relocating its manufacturing and distribution facility to Virginia as part of a $4.1 million Virginia Economic Development Partnership project.

The new 20,000-square-foot facility will centralize the production of BolaWrap and Wrap Reality, the company said.

By moving to Virginia, Wrap Technologies ( WRAP ) will collaborate with over 40 local agencies and create over 120 new jobs for the state and local economy, it added.