Key Financing Highlights: Accelerates Counter-UAS Fielding: Proceeds are expected to advance Wrap’s recently announced Wrap-Merlin and Wrap-PANDA programs, which repurpose existing BolaWrap® 150 inventory into new counter-drone capabilities, enabling rapid progression from development to field application.Dual-Use Pathway: Supports both Wrap’s continued law enforcement go-to-market strategy and near-term commercial wins in federal sales, where counter-UAS demand is accelerating. Wrap believes this “dual use ...

Core 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].

Core Insights - Wrap Technologies, Inc. is launching a research and development initiative to adapt its BolaWrap® 150 technology for the counter-unmanned aircraft systems (C-UAS) market, introducing the Wrap-Merlin 1, a modular drone-mounted payload designed to neutralize hostile drones mid-flight without high costs associated with missiles or single-use interceptors [3][10]. Product Development - Wrap-Merlin 1 can mount one to six BolaWrap® 150 cassettes on an FPV drone platform, featuring a remote deployment mechanism and first-person-view targeting system, allowing for effective engagement of hostile drones [4][6]. - The product is designed for rapid deployment and reloading, providing a cost-effective alternative to traditional counter-drone solutions [5][7]. Market Integration - Wrap-Merlin 1 is engineered for integration with Department of Defense (DoD) Blue UAS-approved platforms, allied drone systems, and commercial security operations, supporting NATO-aligned and commercial FPV drone platforms [5][6]. - The open-architecture design allows for quick customization and mission-specific configurations, addressing urgent operational needs for domestic agencies and forward-deployed forces [6][9]. Market Opportunity - The global counter-UAS market is projected to grow from $1.9 billion in 2023 to over $6.8 billion by 2030, driven by increasing drone incursions over military and critical infrastructure sites [10]. - By adapting its existing technology for aerial applications, Wrap has the potential for a cost-efficient entry into the defense sector, which is experiencing strong funding momentum from the U.S. Department of Defense and allied governments [10][11]. Development and Testing - Wrap-Merlin 1 is currently undergoing development testing in both C-UAS environments and live battlefield settings to refine its performance and ensure interoperability across platforms [8][9].

Core Insights - Wrap Technologies, Inc. has launched WrapVision, a next-generation body-worn camera platform designed for law enforcement, public safety, and healthcare professionals, emphasizing compliance with the Trade Agreements Act and North American manufacturing [1][2][13] Product Features - WrapVision features a 6000 mAh battery providing up to 12 hours of operation, a 180° x 180° distortion-free lens, an 8MP high-resolution sensor, and integrated LTE, Wi-Fi, Bluetooth, and VPN for secure live streaming [4] - The platform is compatible with major video management systems like Genetec and Milestone, promoting flexibility and avoiding proprietary ecosystem lock-in [3][4] Strategic Positioning - The launch of WrapVision aligns with the increasing focus on officer safety, community trust, and data security, positioning the company as a reliable partner for U.S. agencies [2][5] - The product aims to address a growing, regulation-driven market segment with high demand for trusted, domestic solutions, supporting Wrap's multi-channel, subscription-driven revenue strategy [8] Data Governance and Security - WrapVision's North American manufacturing and TAA compliance are critical for safeguarding mission-critical data, ensuring adherence to stringent federal sourcing standards [6] - The company offers secure North American exclusive data centers to protect sensitive public safety video and evidence from unauthorized access and cyber threats [7] Cost Efficiency - WrapVision is competitively priced, expected to deliver cost savings over other body-worn camera platforms, and is ready for immediate deployment [8]

Core Insights - Wrap Technologies, Inc. has appointed Dr. Todd Larson as Strategic Advisor to guide the development of WrapTactics™, an advanced learning management system aimed at enhancing police training through emotional intelligence and tactical problem-solving [3][5][6] Company Overview - Wrap Technologies, Inc. is a global leader in innovative public safety technologies and non-lethal tools, addressing modern challenges faced by public safety organizations [8] - The company’s flagship product, BolaWrap® 150, is a non-lethal device designed to provide law enforcement with safer options during critical incidents, used by over 1,000 agencies in the U.S. and 60 countries [9] Dr. Todd Larson's Role - Dr. Larson brings over 30 years of experience in law enforcement and education, including a 22-year tenure with the Scottsdale Police Department and teaching roles at various universities [4][6] - His focus will be on embedding scenario-based training modules that emphasize mindset framing, emotion regulation, and tactical precision in policing [5][14] Product Innovations - Wrap Reality® VR is a comprehensive training simulator that enhances decision-making under pressure, providing realistic scenarios for first responders [10] - WrapVision is a body-worn camera and evidence management system designed for efficiency and security, built in North America to ensure data integrity [11][12]

Core Viewpoint - Wrap Technologies, Inc. has appointed Gerald "Jerry" Ratigan as the new Chief Financial Officer to enhance its financial and operational performance, leveraging his extensive experience in public companies and capital markets [1][11][12]. Leadership Appointment - Gerald Ratigan brings over 20 years of experience in financial strategy, capital markets, and advisory roles, with a proven track record in financial modernization and organizational agility [2][11]. - Ratigan's previous roles include Senior Vice President of Accounting and Controls at The Gearbox Entertainment Company, where he led financial operations through a successful acquisition [4][11]. - His diverse career includes positions in Big Four public accounting and C-suite roles in high-growth sectors such as gaming and fintech [4][8]. Financial Strategy and Operations - Ratigan has demonstrated expertise in scaling finance operations, transforming reporting ecosystems, and guiding companies through M&A transactions and digital transformations [3][11]. - His leadership will focus on aligning Wrap's financial operations with long-term strategy, ensuring accountability, and maximizing commercial opportunities [12][11]. Internal Promotions - Louis Springer has been promoted to Vice President of Finance, reflecting Wrap's commitment to internal talent and operational scaling [13][14]. - Springer's background in financial services and investment banking is expected to enhance Wrap's ability to align daily financial operations with long-term value creation [13][14]. Company Overview - Wrap Technologies, Inc. is a leader in innovative public safety technologies, providing solutions like the BolaWrap® 150, which offers law enforcement a non-lethal option for managing critical incidents [15]. - The company also offers Wrap Reality® VR, a training simulator for first responders, and WrapVision, a body-worn camera system designed for efficiency and compliance [16][17].