UPDATE – Wrap Technologies Launches Go-Forward Strategy, Advancing End-to-End Public Safety and Defense Solutions with New Virginia Facility

Core Insights - Wrap Technologies, Inc. has relocated its manufacturing and distribution facility to Virginia, emphasizing the state's strategic location and commitment to public safety innovation [1][4] - The new facility will centralize the production of key products like BolaWrap® and Wrap Reality™, enhancing the company's ability to provide comprehensive public safety solutions [2][6] Company Developments - The new 20,000-square-foot facility will serve as a cornerstone for Wrap's next-generation strategy, focusing on training, talent development, and customer support for law enforcement agencies [2][6] - The initiative is supported by a $4.1 million project from the Virginia Economic Development Partnership, highlighting the region's emerging status as a hub for law enforcement expertise [4][5] Product Innovations - Wrap's BolaWrap® is a patented remote restraint device designed to safely restrain individuals from a distance, aiming to mitigate risks and save lives [9] - Wrap Reality™ is an immersive virtual reality training platform that prepares first responders for real-world challenges, focusing on de-escalation tactics and appropriate use-of-force measures [10] Economic Impact - The relocation is expected to create over 120 new jobs in Virginia, leveraging the local talent pool and enhancing public safety outcomes [5][6] - Wrap Technologies aims to be the leading "Made-in-America" supplier for public safety, offering end-to-end solutions that include hardware, software, and training programs [6]