Wrap Taps Former EXIM Bank Executive Stephen M. Renna to Spearhead International Growth and Financing Strategy

Core Insights - Wrap Technologies has appointed Stephen M. Renna as a Strategic Advisor to enhance international expansion and focus on exporting "Made in USA" public safety services [3][5] - Renna's extensive experience includes managing a $50 billion portfolio at the U.S. Export-Import Bank (EXIM) and facilitating over $147 billion in global contracts for U.S. firms [4][5] - The company aims to leverage U.S. government financing strategies to counter Chinese influence in emerging markets through initiatives like the China and Transformational Exports Program (CTEP) [6] Company Strategy - The appointment of Renna is part of Wrap's strategy to transform the deployment of U.S. safety technologies globally, enhancing competitiveness and creating strategic advantages for U.S.-made solutions [5] - Wrap has seen strong international interest, with potential purchases in the final stages, indicating a robust pipeline for its products [5] - The company plans to utilize financing solutions to deepen its value proposition while aligning with U.S. strategic interests [5] Product Offerings - Wrap Technologies is recognized for its innovative public safety solutions, including the BolaWrap, which provides a non-lethal method for compliance [10] - The company also offers Wrap Reality™ VR, a training simulator for first responders, and Wrap Intrensic, an advanced body-worn camera system for evidence management [11][12] - These products are designed to enhance safety and efficiency in law enforcement, with the BolaWrap being used by over 1,000 agencies across the U.S. and in 60 countries [10]