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WRAP Appoints Jared Novick as President, Unveils Federal Support Plans to Enhance Efficiency and Productivity in Public Safety
WRAPWrap Technologies(WRAP) GlobeNewswire·2025-03-12 17:16

Core Viewpoint - Wrap Technologies, Inc. is poised to capitalize on U.S. government efficiency initiatives by consolidating public safety technology, delivering cost savings, and reforming training solutions under the leadership of newly appointed President and COO Jared Novick [1][5]. Company Developments - Jared Novick has been promoted to President and COO, with expectations to launch efficiency-driven public safety offerings for law enforcement and federal agencies [1]. - The company has relocated its manufacturing headquarters to Virginia, enhancing its pursuit of U.S. Federal government contracts [1]. - Wrap's recent acquisition of W1 Global, LLC positions the company to identify inefficiencies and optimize public safety strategies for federal agencies [5][9]. Strategic Focus - Wrap aims to provide integrated technology solutions to streamline operations and reduce costs for federal, state, and local governments [2][5]. - The company plans to leverage established public-private partnership frameworks to implement efficient training solutions and advanced technologies [5]. - Wrap is strategically focusing on building relationships in Washington, D.C. to enhance its federal business expansion [6]. Leadership and Expertise - Jared Novick brings extensive experience from his career in U.S. Intelligence Agencies and as a successful entrepreneur, uniquely positioning him to lead Wrap's growth in public safety technology [8][10]. - His investment in Wrap through an affiliated partnership demonstrates his commitment to the company's long-term vision [3][4]. Product Offerings - Wrap's BolaWrap solution provides a non-lethal method for law enforcement to gain compliance, used by over 1,000 agencies in the U.S. and 60 countries [13]. - The Wrap Reality™ VR training simulator enhances decision-making for first responders through realistic scenarios [14]. - The Intrensic body-worn camera system is designed for efficiency and compliance in evidence management [15][16].