Wrap Technologies(US:WRAP) Globenewswire·2025-08-14 13:15Core Viewpoint - Wrap Technologies, Inc. has launched Project PAN-DA, a handheld counter-drone system derived from its BolaWrap® 150 platform, aimed at addressing the growing global counter-unmanned aircraft systems (C-UAS) market, projected to reach $6.8 billion by 2030 [1][6]. Company Overview - Wrap Technologies is a leader in innovative public safety technology, focusing on non-lethal tools and solutions for law enforcement and public safety organizations [14]. - The company has a proven track record with its BolaWrap® 150 device, which is used by over 1,000 law enforcement agencies worldwide [15]. Product Development - Project PAN-DA is designed to engage and disable small unmanned aerial systems (sUAS) at close range, providing a cost-effective and reusable alternative to traditional missile interceptors and electronic jamming systems [3][4]. - The system utilizes Wrap's patented tether-and-anchor technology, allowing for multiple engagements per unit, enhancing operational efficiency [3][4]. Market Context - The global counter-drone market is expected to grow from $1.9 billion in 2023 to over $6.8 billion by 2030, driven by the increasing use of small UAS in criminal and military activities [6]. - PAN-DA is positioned as a last-line kinetic defense option that complements existing detection and electronic countermeasure systems [6]. Research and Development - Following the successful proof of concept for Phase One, Wrap's engineering teams will focus on enhancing the system's range, area-of-effect, and cost-effectiveness to adapt to evolving drone threats [8].