Core Viewpoint - The City of Pavia, Italy, has adopted the BolaWrap® device for its police force, emphasizing its safety advantages over Tasers and reflecting a broader trend in law enforcement towards non-lethal alternatives [1][3][7]. Group 1: Adoption and Implementation - Pavia has purchased four BolaWrap devices and is training twelve officers for proper deployment, marking a significant shift away from Taser usage in the region [3][7]. - The decision aligns with a growing trend in Italy where law enforcement agencies are reconsidering the use of Tasers due to safety concerns following recent incidents [3][7]. Group 2: Safety and Effectiveness - The BolaWrap device allows officers to immobilize individuals without causing physical harm, thus reducing the risk of injury compared to Tasers [4][6]. - Unlike pain compliance tools, BolaWrap enables control during the pre-escalation phase, which is crucial for minimizing force and injury [6][10]. Group 3: Market Trends and Company Position - Pavia's adoption of BolaWrap reflects an increasing international demand for safe policing tools, positioning Wrap Technologies as a leader in innovative public safety solutions [8][10]. - The move underscores a trend among law enforcement agencies seeking technologies that enhance safety, reduce liability, and build public trust [7][8]. Group 4: Product Features and Training - The BolaWrap 150 employs a multi-sensory approach to manage non-compliant subjects without resorting to higher-force options, enhancing officer safety and community protection [10]. - Wrap Technologies also offers comprehensive training programs certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST) to ensure effective use of their products [10].

Core Viewpoint - The City of Pavia, Italy, has adopted the BolaWrap® device from Wrap Technologies for its police force, moving away from Taser usage due to safety concerns [1][3][7] Company Overview - Wrap Technologies, Inc. is a global leader in innovative public safety solutions, focusing on non-lethal tools designed to enhance safety during law enforcement encounters [9][10] - The BolaWrap® 150 is a patented device that allows officers to immobilize individuals without causing physical harm, emphasizing pre-escalation tactics [4][10] Adoption and Training - Pavia has purchased four BolaWrap devices, with twelve officers currently in training for proper deployment [3] - The adoption of BolaWrap follows the decommissioning of Pavia's Taser program in 2024, reflecting a shift towards safer policing methods [7] Industry Trends - The decision by Pavia aligns with a broader trend among law enforcement agencies in Italy and internationally to seek innovative technologies that reduce injuries and enhance public trust [7][8] - The growing demand for safe and effective policing tools is evident as agencies look for alternatives to traditional force methods [8] Product Features - The BolaWrap device operates without pain compliance, allowing officers to manage non-compliant subjects effectively while minimizing injury risks [6][10] - Wrap Technologies also offers additional training and technology solutions, such as Wrap Reality™ VR for immersive training and WrapVision for evidence management [11][12] Market Position - The adoption of BolaWrap by Pavia signifies Wrap's expanding international presence, particularly in Europe, Asia, and Latin America, reinforcing its mission to redefine public safety [8]

Core Viewpoint - Wrap Technologies, Inc. has officially opened its new U.S. Manufacturing World Headquarters in Norton, Virginia, marking a strategic investment in the company's future and expanding its production capabilities for public safety solutions [1][6]. Group 1: Facility Overview - The new facility is designed to manufacture up to 23,000 BolaWrap® 150 devices and over 150,000 cassettes per month, with potential future expansion to double or triple this output as demand increases [3][14]. - The Norton facility will create over 120 new jobs in manufacturing, engineering, logistics, and training roles, contributing to local economic growth [5][14]. - The site includes dedicated engineering and R&D areas, as well as a demonstration and training center for agencies and partners to experience Wrap's solutions [5][9]. Group 2: Strategic Importance - Relocating the manufacturing headquarters to Norton is seen as a strategic move to centralize production, enhance supply chain resilience, and expand capacity, ultimately delivering long-term value to customers and shareholders [12]. - The project received support from the State of Virginia, including a $4.1 million investment facilitated by various economic development authorities, highlighting the collaboration between the company and local government [7][8]. Group 3: Product and Innovation - The facility will also support the assembly of Wrap's patent-pending 1KC kinetic anti-drone cassette, extending the BolaWrap® platform into counter-unmanned aerial systems (C-UAS) [14]. - Wrap Technologies aims to fully assemble all products in the U.S., including BolaWrap devices, WrapVision™ cameras, and WrapReality™ VR training systems, reinforcing its commitment to Made-in-America manufacturing [14][19]. Group 4: Community Engagement - Wrap's investment in Wise County builds on partnerships with over 40 agencies across Virginia, demonstrating the company's commitment to public safety and community collaboration [8].

Core Viewpoint - Wrap Technologies, Inc. has announced a strategic partnership with STORM Training Group to enhance law enforcement training through a digital and instructor-led subscription ecosystem, aimed at improving officer safety and reducing risks during encounters after the deployment of BolaWrap® [1][3][9]. Partnership Details - The collaboration will integrate STORM's evidence-based defensive tactics training into Wrap's subscription-based digital learning platform, WrapTactics™, allowing law enforcement agencies to access proven techniques that complement BolaWrap® deployment [3][12]. - STORM Training Group has trained officers from over 250 agencies in the Midwest, with a curriculum linked to significant reductions in use-of-force incidents and civil liability costs [5][16]. Training Impact - The partnership aims to provide a dedicated library of defensive tactics modules within WrapTactics™, designed to enhance officers' skills in transitioning to lawful control techniques after BolaWrap® deployment [5][12]. - Notable results from previous studies include a 37% reduction in overall use of force, an 86% reduction in officer strikes, and a 51% reduction in chemical irritant use [6][11]. Benefits of the Partnership - The integration of STORM's content into WrapTactics™ will be available as an upgradeable option, ensuring officers can access training anytime and anywhere [12][14]. - The partnership is expected to lead to a 39% reduction in Taser deployments, a 55% reduction in subject injuries, and a 25% reduction in officer injuries [11][12]. Unified Training Ecosystem - WrapTactics™ will serve as a standalone learning management system, with STORM-powered modules included in WrapReady™ and WrapPlus™ offerings, providing a comprehensive training solution for law enforcement agencies [14][15]. - The partnership aligns with Wrap's mission to reduce harm and improve outcomes through scalable, technology-enabled training that addresses real-world policing challenges [15].

Core Viewpoint - Wrap Technologies, Inc. has announced the launch of the 1KC: Kinetic Anti-Drone Cassette, a new counter-unmanned aerial systems (C-UAS) technology that aims to expand its BolaWrap® platform into the growing global C-UAS market [1][5] Group 1: Product Features and Design - The 1KC cassette utilizes Wrap's patented tether technology and is designed for modular deployment, offering increased effective range and a wide area of effect for aerial entanglement [3][15] - It is intended to integrate with the PAN-DA handheld launcher and MERLIN housing system, allowing for multiple deployment options across various use cases [4][15] - The cassette is designed to be retrofitted to existing BW150 devices, providing users with interchangeable options based on specific use cases [10] Group 2: Strategic Positioning and Market Opportunities - The company aims to leverage its BolaWrap® technology to pursue new market opportunities, particularly in relation to the Department of Defense's Joint Interagency Task Force 401 [5][6] - The 1KC cassette is built to align with the Department of Defense's "detect, identify, decide, defeat" framework, potentially providing a kinetic defeat layer at various operational levels [6][7] Group 3: Potential Applications - Potential applications for the 1KC cassette include base defense nodes and squad-level defenses, offering portable options for protection against surveillance and strike drones [7][8] - The design may also be adaptable for autonomous systems, enabling coordinated counter-swarm effects [8] Group 4: Advantages and Operational Value - Key advantages of the 1KC cassette include a compact design for improved portability, multi-target capability for neutralizing several drones in a single mission, and a high-tensile tether system for rapid deployment [15][9] - The flexibility of the system is expected to underscore its operational and economic value [4]

Core Insights - Wrap Technologies, Inc. has launched WrapTactics™, a subscription-based digital learning platform aimed at enhancing officer training and retention of critical skills in policing [1][4][6] - The platform addresses the rapid degradation of police skills due to insufficient training reinforcement, with core defensive tactics deteriorating within two weeks [2][3] - WrapTactics™ is positioned as a growth opportunity for the company, potentially expanding its market into the multi-billion-dollar global training sector [4][6] Product Features - WrapTactics™ offers short-form, high-impact coursework and scenario-based applications to improve skill retention and application under pressure [3][4] - The initial curriculum includes essential skills that could lead to state-certified training content in pre-escalation policing [4] - The platform is available as a standalone product and as part of bundled subscription offerings, enhancing the integration of training and operational support [5] Strategic Positioning - The launch of WrapTactics™ aligns with Wrap's mission to improve public safety outcomes and reduce harm through scalable, technology-enabled training [6] - By leveraging human performance science, Wrap aims to transform modern policing practices and address fundamental training gaps [6] - The company’s BolaWrap 150 solution complements WrapTactics™ by providing a non-lethal option for law enforcement, enhancing officer readiness during critical incidents [7][8]

Core Insights - Merit Medical Systems, Inc. has successfully enrolled the first patient in the WRAP North America registry, aimed at evaluating the WRAPSODY Cell-Impermeable Endoprosthesis (CIE) for patients on hemodialysis [1][5][8] Group 1: WRAP North America Registry - The WRAP North America registry is designed to enroll up to 250 patients in the US and Canada who are on hemodialysis and experience vascular access obstructions [2][4] - The registry will evaluate clinical outcomes over three years for patients treated with the WRAPSODY CIE [2][4] - The first patient was enrolled by Dr. Omar Davis at Bluff City Vascular, marking a significant milestone for the company [2][5] Group 2: WRAPSODY CIE Device - The WRAPSODY CIE aims to restore vascular access for hemodialysis patients facing obstructions, with promising results demonstrated in the previous WAVE pivotal trial [3][4] - The WAVE trial compared the WRAPSODY CIE with percutaneous transluminal angioplasty (PTA) and historical outcomes of patients treated with previous-generation covered stents [3] - The device received premarket approval from the FDA on December 19, 2024, and was approved by Health Canada on April 30, 2025 [7] Group 3: Clinical Evidence and Future Prospects - The WRAP North America registry is expected to contribute to a growing portfolio of clinical evidence supporting the WRAPSODY CIE [4] - A parallel WRAP Global registry is also being conducted to enroll up to 500 patients outside North America, with final enrollment expected by the end of 2025 [5] - The company emphasizes the importance of real-world effectiveness data to address critical questions regarding the device's broader impact in clinical practice [4][5]

Core Viewpoint - Wrap Technologies, Inc. has announced a private placement of securities, raising $4.5 million through the sale of Series B Preferred Stock and accompanying warrants, aimed at enhancing its public safety technology offerings and expanding market execution [2][3]. Financing Highlights - The company executed a securities purchase agreement for 4,500 shares of Series B Preferred Stock, convertible into 3,000,000 shares of common stock at an initial price of $1.50 per share, along with warrants to purchase an additional 3,000,000 shares [2][3]. - The total gross proceeds from this private placement amount to $4.5 million, with the closing expected around August 19, 2025, subject to customary conditions [3]. Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [3]. - The financing is expected to advance Wrap's Wrap-Merlin and Wrap-PANDA programs, enhancing counter-drone capabilities and supporting law enforcement growth initiatives [8]. Product and Market Strategy - Wrap's BolaWrap® 150 solution is designed for pre-escalation in law enforcement, providing a non-lethal option to manage non-compliant subjects [7][9]. - The company aims to leverage its existing technology base to build a scalable federal government business, particularly in counter-UAS demand [8]. - The financing will also support the expansion of WrapVision, a body-worn camera system, addressing cost pain points for law enforcement agencies and opening access to adjacent markets like healthcare [8][12].

Core Viewpoint - Purcell & Lefkowitz LLP is investigating Wrap Technologies, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1]. Group 1 - The investigation is on behalf of shareholders of Wrap Technologies, Inc. [1] - Shareholders interested in their rights and options can obtain additional information through Purcell & Lefkowitz LLP [2]. - Purcell & Lefkowitz LLP specializes in representing shareholders affected by securities fraud and corporate misconduct [3].

Financial Data and Key Metrics Changes - Operating expenses were reduced by 26% from Q1 to Q2 2025, declining to $3.3 million from $4.5 million [29] - Year-to-date operating expenses are down 14% compared to the same period last year, from $9.1 million to $7.9 million [29] - Cash flow improvements were noted, with net cash used in operations declining by $2.2 million for the first six months of 2025, down to $5 million compared to $7.2 million in the same period of 2024 [29] - Cash and cash equivalents increased by 16% to $4.2 million as of June 30, 2025, up from $3.6 million at December 31, 2024 [29] - Revenue for Q2 was $1 million, with year-to-date revenue at $1.8 million [30] Business Line Data and Key Metrics Changes - BolaWrap deployments are increasing across diverse law enforcement agencies, with strong usage reported in Colorado, North Carolina, and Canada [10] - Agencies in Florida are evaluating BolaWrap as a strategic replacement for traditional electronic control devices like TASERs [10] - The crisis intervention team in a major Floridian agency reports more frequent BolaWrap use than TASERs, indicating a shift towards safer tools [11] Market Data and Key Metrics Changes - Favorable federal regulatory changes, including the Supreme Court decision in Barnes v. Felix, are driving adoption and sales of BolaWrap [15][16] - Increased inquiries and strategic discussions with customers are being observed due to heightened awareness around safer alternatives to traditional use of force tools [17] Company Strategy and Development Direction - The company has completed its restructuring efforts and is now focused on a renewed go-to-market strategy that emphasizes pre-escalation [5][40] - The introduction of new subscription models, Wrap Ready and Wrap Plus, aims to address customer concerns regarding replacement costs and enhance value propositions [31][32] - The company is expanding into adjacent markets such as healthcare, transportation, and private security, leveraging its existing technology and partnerships [26][64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum building for Wrap Technologies, citing a sharp increase in purchase orders and positive customer feedback [4][40] - The company believes it is well-positioned to capitalize on the evolving regulatory landscape and increasing demand for safer policing tools [40] - Management highlighted the importance of training and partnerships in driving adoption and success in the market [25][52] Other Important Information - The company has applied for nearly $1 million in DOJ-funded grants to support pre-escalation tools and training [33] - A new counter UAS capability has been developed, targeting a growing market projected to reach $6.8 billion by 2030 [38] - The rebranding of the body-worn camera business line to WrapVision aims to address data sovereignty concerns and enhance product offerings [39] Q&A Session Summary Question: How do you plan to accelerate adoption among law enforcement agencies in the US and internationally? - Management noted that adoption is being driven by regulatory changes and direct engagement with departments, emphasizing the importance of training and connectivity with officers [42][45][50] Question: How do you plan to penetrate non-law enforcement sectors? - The company is already seeing interest from hospitals and correction facilities, with a focus on scaling operations and leveraging data to drive adoption [56][60][64] Question: Are there adjacent product lines or technology upgrades planned in the next eighteen months? - Management confirmed ongoing developments, including counter drone capabilities and enhancements to the body-worn camera line, indicating a strategic focus on expanding product offerings [67][70] Question: What is the status of the company's move to Virginia, and when do you expect production to ramp up? - The company has fully moved to Virginia and is prepared to scale production in response to increasing demand [76][78] Question: How do you see one-time sales versus subscription services as a portion of your revenues? - Management highlighted a strategic shift towards recurring subscription models, which are expected to provide more stable revenue streams compared to one-time sales [80][81]