Wrap Technologies(WRAP)
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Wrap Launches Next-Generation Drone First Responder Interdiction Solution with a Focus on Non-Lethal Response
Globenewswire· 2025-10-17 11:35
Core Insights - Wrap Technologies has introduced the DFR-X™ system, a non-lethal drone first responder interdiction system designed to enhance public safety by transforming standard drones into active intervention tools [1][3][5] - Pre-orders for the DFR-X payload are set to begin on November 17, 2025, with the aim of supporting law enforcement and public safety missions [1][8] Product Features - The DFR-X system extends the capabilities of existing drone platforms by integrating a controlled, non-lethal physical intervention capability using Wrap's BolaWrap technology, allowing drones to deter and disrupt threats [3][4] - The system includes a six-cassette payload and an operator-controlled remote deployment system, enhancing the functionality of drones beyond mere observation [3][4] Testing and Production - Wrap has completed internal Phase II testing of the MERLIN-Interdictor, validating its electrical remote-deployment systems and moving towards production [4] - The Virginia facility will serve as the main hub for production and integration of the MERLIN-Interdictor, positioning the company for a commercial rollout [6] Strategic Goals - The launch of the MERLIN-Interdictor marks a significant milestone for Wrap, aiming to evolve public safety from observation to immediate intervention, potentially saving lives in various scenarios [5][6] - The DFR-X initiative aligns with Wrap's broader strategy to expand its non-lethal tether and cassette systems into new mission areas, including aerial defense and public safety operations [6] Market Positioning - The DFR-X system is designed to provide law enforcement with a proactive tool that improves outcomes for officers and communities, emphasizing safety and responsible use [7] - Wrap's complete public safety portfolio includes various innovative technologies aimed at addressing modern challenges faced by public safety organizations [9][10]
Wrap Achieves Key Milestone in Counter-UAS Development with Successful MERLIN Stage One Testing Conducted by Wrap
Globenewswire· 2025-10-14 10:15
Core Insights - Wrap Technologies, Inc. has successfully completed Stage One of Phase II testing for its modular aerial defense system, Project MERLIN-1, indicating progress in its development of innovative public safety solutions [1][4][6] Testing and Development - The testing was led by Michael Brown at Wrap's new U.S. manufacturing and research headquarters in Norton, Virginia, and included an off-site test range in Raleigh, North Carolina [2] - Stage One tests validated critical design specifications such as housing size, remote flight capabilities, fixed control deployments, initial recoil measurements, and payload integration [2][4] - The successful completion of Stage One tests positions Wrap to advance to Stage Two, which will focus on fully remote flight and fire control testing [4] Technology and Market Position - Project MERLIN is built on Wrap's patented tethered entanglement technology, which was previously validated in Phase I trials conducted in August 2025 [4][7] - The MERLIN platform is seen as foundational for the next evolution of Wrap's technology portfolio, aimed at creating commercially viable solutions for law enforcement, public safety, and defense markets [6][7] - The initiative supports Wrap's strategy to extend its tether and cassette systems into new mission sets, including counter-unmanned aerial systems (CUAS) and future UAS public safety missions [7] Commitment to Manufacturing and Innovation - Wrap is committed to developing scalable and sustainable solutions within its Virginia manufacturing hub, emphasizing a Made-In-America focus [6][7] - The company aims to translate early R&D successes into effective products that address modern public safety challenges [6][7] Product Portfolio - Wrap's public safety portfolio includes the non-lethal BolaWrap 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, and next-generation CUAS solutions [10] - The BolaWrap 150 is designed to provide law enforcement with a safer pre-escalation option, reducing the risk of injury during critical incidents [10] - Wrap Reality™ VR enhances decision-making under pressure by providing first responders with realistic training scenarios [11]
Wrap Launches Data Partnership With Le Sueur Police Department to Study Non-Lethal Force and Pre-Escalation Tactics
Globenewswire· 2025-10-06 10:30
Core Insights - Wrap Technologies, Inc. has announced a two-year partnership with the Le Sueur Police Department in Minnesota to deploy BolaWrap® 150 devices and WrapTactics™ training, focusing on safety and operational outcomes [1][2][5] Group 1: Partnership Details - The Le Sueur Police Department will fully deploy BolaWrap® 150 devices and WrapTactics™, supported by a subscription-based training platform and a structured research initiative [2][4] - The partnership aims to provide measurable insights into reducing risks to officers, improving community safety, and enhancing agency performance [2][5] Group 2: Community Engagement - Le Sueur, a city with over 4,000 residents, is known for its community engagement and collaboration, making it a suitable partner for this initiative [3] - The police department's commitment to proactive community policing and officer safety is highlighted by their investment in BolaWrap® 150 devices and training [4] Group 3: Company Strategy and Technology - The collaboration reflects a growing recognition among law enforcement agencies of the need for innovative, data-driven tools in modern policing [5][8] - Wrap Technologies aims to build a robust foundation of evidence to demonstrate the effectiveness of BolaWrap® and WrapTactics™ in reducing risks and improving community relations [5][8] Group 4: Product Overview - The BolaWrap® 150 is designed to provide a non-lethal pre-escalation option for law enforcement, helping officers manage non-compliant subjects without resorting to higher-force options [7] - The device is used by over 1,000 agencies across the U.S. and in 60 countries, emphasizing its widespread acceptance and potential impact on public safety [7]
Morning Market Movers: XELB, BTTC, ASTC, MSGY See Big Swings
RTTNews· 2025-10-03 12:17
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Xcel Brands, Inc. (XELB) increased by 48% to $2.57 [3] - Astrotech Corporation (ASTC) rose by 21% to $5.85 [3] - Rumble Inc. (RUM) saw a 13% increase to $8.36 [3] - ClearPoint Neuro, Inc. (CLPT) gained 9% reaching $27.38 [3] - USA Rare Earth, Inc. (USAR) also increased by 9% to $24.92 [3] - Q/C Technologies, Inc. (QCLS) rose by 8% to $5.51 [3] - Lazydays Holdings, Inc. (GORV) increased by 8% to $2.61 [3] - K Wave Media Ltd. (KWM) saw a 7% rise to $2.78 [3] - Galectin Therapeutics Inc. (GALT) increased by 6% to $4.53 [3] - Wrap Technologies, Inc. (WRAP) rose by 6% to $2.86 [3] Premarket Losers - Black Titan Corporation Ordinary Shares (BTTC) decreased by 29% to $16.80 [4] - Masonglory Limited (MSGY) fell by 14% to $2.54 [4] - Aspire Biopharma Holdings, Inc. (ASBP) declined by 12% to $0.37 [4] - Urban One, Inc. (UONE) saw an 11% drop to $1.15 [4] - Reitar Logtech Holdings Limited (RITR) decreased by 7% to $2.74 [4] - Iveda Solutions, Inc. (IVDA) fell by 7% to $1.88 [4] - Erayak Power Solution Group Inc. (RAYA) decreased by 6% to $4.93 [4] - Megan Holdings Limited (MGN) saw a 6% drop to $3.32 [4] - Werewolf Therapeutics, Inc. (HOWL) declined by 5% to $1.81 [4] - SOS Limited (SOS) decreased by 4% to $2.04 [4]
Wrap Technologies and Carahsoft Partner to Streamline Access to Non-Lethal Public Safety Solutions
Globenewswire· 2025-10-02 13:00
Core Insights - Wrap Technologies has announced a partnership with Carahsoft Technology Corp to enhance the availability of its public safety solutions to government agencies [1][3] - The partnership aims to simplify procurement processes and accelerate the deployment of Wrap's innovative, non-lethal tools and training platforms [3][4] - Wrap's primary offering, the WrapPlus subscription, integrates various training and non-lethal devices to support law enforcement and public safety agencies [2][8] Company Overview - Wrap Technologies is a leader in innovative public safety technologies, focusing on non-lethal tools designed to address modern challenges faced by public safety organizations [8] - The company's flagship product, the BolaWrap 150, is a non-lethal pre-escalation tool that provides law enforcement with alternatives to higher-force options [9] - Wrap's training platforms, including WrapReality and WrapVision, are designed to enhance decision-making and accountability in law enforcement [10][11] Partnership Details - Carahsoft will act as Wrap's Master Government Aggregator, facilitating access to Wrap's solutions through its reseller partners and various government contracts [1][3] - The collaboration is expected to open future opportunities for Wrap's UAS and Counter-UAS programs, enhancing public safety against evolving threats [4][5] - The partnership is positioned to improve safety outcomes and reduce the need for force in law enforcement encounters [3][4]
Wrap Technologies Partners with Carahsoft to Expand Public Sector Access to Non-Lethal Public Safety and Counter-UAS Solutions
Globenewswire· 2025-10-02 13:00
Core Insights - Wrap Technologies, Inc. has announced a strategic partnership with Carahsoft Technology Corp. to enhance its distribution channels and accelerate the adoption of its public safety technologies across U.S. federal, state, and local agencies [1][2] Company Overview - Wrap Technologies is a global leader in innovative public safety and counter-unmanned aerial systems (CUAS) solutions, focusing on non-lethal tools and advanced training technologies [9] - The company's flagship product, BolaWrap® 150, is designed to provide law enforcement with non-lethal alternatives to higher-force options, enhancing public safety [10] Partnership Details - Carahsoft will act as Wrap's Master Government Aggregator®, making Wrap's technologies available through its reseller partners and various government contracts [1][4] - The partnership aims to simplify procurement for agencies and expand the reach of Wrap's existing public safety tools while transitioning CUAS programs from R&D to commercialization [4][5] Market Opportunity - The global counter-drone market is projected to reach approximately USD 10.58 billion by 2030, driven by the increasing use of small UAS in criminal and military activities [5][17] - By leveraging Carahsoft's procurement expertise, Wrap expects to create near-term sales opportunities in law enforcement, homeland security, and defense sectors [5] Product Offerings - Wrap's core offerings include: - **BolaWrap® 150**: A non-lethal pre-escalation tool [6] - **WrapReality VR Training Platform**: An immersive training simulator for law enforcement [11] - **WrapVision Body-Worn Camera**: A secure evidence management system built for compliance and transparency [12][13] - **MERLIN Platform**: A modular system for integrating Wrap's technologies into UAS and UGV platforms [7] - **PAN-DA Handheld System**: A portable solution for rapid deployment against hostile drones [7] - **1KC Anti-Drone Cassette**: A system designed for multi-drone intercept capabilities [7]
Wrap Technologies, Inc. Plans to Hold a Conference Call to Discuss Third Quarter 2025 Financial Results on Wednesday, November 12, 2025, at 4:30 p.m. ET
Globenewswire· 2025-09-30 11:00
Core Viewpoint - Wrap Technologies, Inc. is set to announce its financial and operational results for Q3 2025 on November 12, 2025, during a conference call [1][2]. Financial and Operational Results - The financial results will be disclosed in a press release prior to the conference call, which will include a presentation by Wrap management followed by a Q&A session [2][3]. - Interested parties can submit questions to the company before the call, which will be addressed based on relevance to the company's strategic direction and public disclosure rules [2]. Company Overview - Wrap Technologies, Inc. is recognized as a global leader in innovative public safety technologies and non-lethal tools, focusing on addressing modern challenges faced by public safety organizations [4]. - The company's flagship product, the BolaWrap® 150, is designed for pre-escalation in law enforcement, providing a safer alternative during critical incidents [4][5]. - The BolaWrap 150 utilizes a multi-sensory cognitive disruption approach, allowing officers to manage non-compliant subjects without resorting to higher-force options [5]. Product Innovations - Wrap Reality™ VR is a training simulator aimed at enhancing decision-making under pressure for first responders, offering realistic scenarios to improve their skills [6]. - WrapVision is a body-worn camera and evidence management system designed for efficiency and compliance, capturing and managing digital evidence securely [7][8]. - WrapVision is manufactured in North America, ensuring data integrity and compliance with regulatory requirements, which distinguishes it from many competitors [8].
Wrap Appoints Internationally Recognized Strategic Communications and Technology Expert Braden Frame as Chief Commercial Officer
Globenewswire· 2025-09-25 11:00
Core Viewpoint - Wrap Technologies, Inc. has appointed Braden Frame as Chief Commercial Officer to lead the company's transition towards integrated subscription-based services and counter-drone technologies, aiming to enhance public safety and national security solutions [1][3][6] Company Developments - The appointment of Braden Frame is part of Wrap's strategy to evolve beyond its flagship BolaWrap® device and introduce scalable, recurring offerings for law enforcement, private security, and the U.S. Department of Defense [3][6] - Frame will oversee marketing, product strategy, pricing, training, and go-to-market execution, focusing on productizing Wrap's solutions and expanding into defense and high-security markets [5][9] Leadership Background - Braden Frame brings two decades of experience in public safety and technology, including frontline service as a firefighter and paramedic, which positions him well to lead Wrap's commercial growth [4][8] - His career reflects a commitment to public service and innovation, transitioning from frontline operations to shaping public safety strategy and advancing technology-driven solutions [8] Strategic Goals - Under Frame's leadership, Wrap aims to pursue recurring revenue growth by increasing market share and redefining modern public safety through scalable innovation and global partnerships [9] - The company is expanding its mission to provide an integrated suite of solutions, including subscription-based training and advanced counter-UAS technologies, to address urgent challenges in public safety and defense [9]
Wrap Appoints Experienced Law Enforcement Leader Joseph Cameron as CRO to Capture Expanding Growth Opportunities
Globenewswire· 2025-09-24 11:00
Core Viewpoint - Wrap Technologies, Inc. has appointed Joseph Cameron as Chief Revenue Officer, leveraging his extensive experience in law enforcement and public safety technology to drive revenue growth and navigate regulatory landscapes [1][4][10] Company Overview - Wrap Technologies, Inc. is a global leader in innovative public safety technologies and non-lethal tools, focusing on addressing modern challenges faced by public safety organizations [11] - The company's flagship product, the BolaWrap® 150, is deployed in over 1,000 agencies worldwide, providing law enforcement with a safer choice during critical incidents [11][12] Leadership Experience - Joseph Cameron brings over two decades of experience in law enforcement, union leadership, and public safety technology, having served in various roles including police officer and police union president [5][6] - Cameron's background includes working with over 60 law enforcement organizations nationwide, advising on technology and legislative solutions to enhance officer safety [6] Strategic Focus - As Chief Revenue Officer, Cameron will oversee all revenue operations, focusing on strategic sales initiatives and partnerships to expand Wrap's influence at all government levels [8][10] - Cameron's deep knowledge of the legislative process is expected to facilitate broader adoption of Wrap's solutions and open new market opportunities [4][6] Product Portfolio - Wrap's product offerings include the BolaWrap 150, the patent-pending 1KC kinetic anti-drone cassette, WrapReality™ immersive VR training, and WrapVision™ body-worn camera system, all aimed at enhancing safety and operational effectiveness [10][12][14] - The BolaWrap 150 utilizes a multi-sensory approach to provide officers with critical time and options during high-stakes encounters, reducing the risk of injury [12] Commitment to Safety - Wrap Technologies emphasizes its commitment to public safety through innovative technology and expert training, aiming to strengthen trust between law enforcement and communities [7][12]
Wrap and Virginia Governor Glenn Youngkin Confirmed to Celebrate Norton Manufacturing Hub Opening, Powering C-UAS and Pre-Escalation Era Solutions
Globenewswire· 2025-09-18 11:00
Core Insights - The new manufacturing hub in Southwest Virginia aims to enhance Made-in-America production and support counter-unmanned aerial systems (C-UAS) readiness with Wrap's innovative technologies [1][4][7] Economic Impact - The project, supported by the State of Virginia with $4.1 million, is expected to create over 120 new jobs in various sectors including manufacturing, engineering, logistics, and training [2][5] - This initiative is one of the most significant recent economic development projects in Wise County, contributing to the region's technology and industrial growth [2][5] Facility Details - The Norton facility spans 20,000 square feet and is designed to manufacture up to 23,000 BolaWrap 150 devices and over 150,000 cassettes monthly, with potential future capacity to double or triple output [3][8] - The facility will also include dedicated R&D, an innovation and demonstration center, and training spaces for agencies and partners [3][8] Product Focus - The facility will assemble the 1KC kinetic anti-drone cassette, a patent-pending technology aimed at addressing Department of Defense and Department of Homeland Security needs [4][8] - The 1KC technology is designed for wide-area entanglement coverage and modular deployment across various platforms, enhancing multi-drone intercept capabilities [4][8] Strategic Vision - The opening of the Norton facility is a key step in Wrap's long-term growth strategy, focusing on expanding U.S. production, delivering shareholder value, and aligning with federal security priorities [7][8] - The company aims to create a direct pipeline from local talent to national defense innovation, supporting both community development and shareholder interests [5][8]