Chairman and CEO Stockholder Letter: Wrap Is Bringing Non-Lethal Back To Public Safety

Core Insights - Wrap Technologies, Inc. aims to redefine public safety by providing truly non-lethal tools that enhance accountability and community trust [3][8][25] - The company emphasizes the need for a shift from "less-lethal" terminology to a more accurate representation of the risks associated with traditional tools like Tasers and batons [4][5][11] - The BolaWrap 150 has achieved a 92% field success rate with zero deaths, serious injuries, or lawsuits, showcasing its effectiveness as a non-lethal option [13][15] Company Overview - Wrap Technologies is a leader in innovative public safety technologies, focusing on non-lethal tools and integrated systems to address modern law enforcement challenges [26][27] - The company's product portfolio includes the BolaWrap 150, WrapReality™ training platform, WrapVision™ body-worn camera system, and other next-generation solutions [27][28][29] Market Position and Strategy - There is a growing trend among law enforcement agencies to replace traditional Taser programs with BolaWrap 150 deployments due to superior safety outcomes and operational effectiveness [14][15] - Wrap Technologies is expanding its addressable markets by designing modular non-lethal packages and integrated platforms for various sectors, including law enforcement and corporate security [18][19] Future Innovations - The company is exploring the integration of its technologies with unmanned systems, such as drones, to enhance public safety responses [17][20] - Wrap Technologies envisions a future where its non-lethal solutions are widely adopted across various domains, promoting consistent and humane outcomes [19][20]