MIAMI, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in non-lethal response and public-safety technology solutions, today announced that the Alliance Police Department (“Alliance PD”) has partnered with Wrap to purchase and deploy BolaWrap® 150 devices across the department and is expected to become the first reported municipal police department in the State of Nebraska to equip every sworn officer with an immediate non-lethal response op ...

Core Viewpoint - Wrap Technologies, Inc. has announced that the Rio Grande City Police Department in Texas will implement the BolaWrap® 150 device and the WrapReady™ program to enhance non-lethal response capabilities amid increasing operational pressures along the U.S.–Mexico border [1][4]. Group 1: Agreement Details - The agreement includes full WrapReady onboarding for 12 officers, covering equipment, multi-year support, and instructor-level certification, marking the first deployment in a Texas border community [2]. - The WrapReady program aims to reduce friction in deployment, training, and long-term utilization of the BolaWrap® ecosystem, focusing on safer engagements and continuous development of agency tactics and policy [4][5]. Group 2: Operational Context - Rio Grande City is located in a high-traffic area of the U.S.-Mexico border, where local agencies frequently engage in multi-jurisdictional operations related to narcotics interdiction, human smuggling, and mental health crises, necessitating non-lethal response tools [3]. - The adoption of the WrapReady program reflects a national trend among law enforcement agencies re-evaluating pain-compliance tools and opting for non-lethal options like BolaWrap as first-resort tools in complex encounters [4]. Group 3: Product Overview - Wrap Technologies offers a comprehensive public safety portfolio, including the BolaWrap 150 device, WrapReality™ training platform, and WrapVision™ body-worn camera system, all designed to enhance public safety and operational efficiency [6][7]. - The BolaWrap 150 is a non-pain-based compliance tool that helps officers manage non-compliant subjects without resorting to higher-force options, thereby reducing injury risks [9].

Core Insights - Wrap Technologies, Inc. has announced a strategic partnership with K-Form Inc. to enhance its supply chain and support scalable production of non-lethal tools and future autonomous platforms [1][2][3] Group 1: Partnership Details - K-Form will provide precision design, prototyping, and production support for Wrap's product ecosystem, including the BolaWrap® 150 and WrapVision body-worn camera system [2][4] - The partnership aims to strengthen Wrap's manufacturing base in the U.S. and expand the capacity of its new manufacturing hub in Southwestern Virginia [3][4] Group 2: Product Offerings - Wrap's product portfolio includes the BolaWrap 150, WrapReality immersive training platform, and WrapVision body-worn camera system, all designed to enhance public safety and defense applications [5][6] - The BolaWrap 150 is a non-lethal device that aids law enforcement in managing non-compliant subjects without resorting to higher-force options, currently used by over 1,000 agencies in the U.S. and 60 countries [6] Group 3: Technological Advancements - WrapReality™ is a VR training simulator that provides first responders with realistic scenarios to improve decision-making under pressure [7][8] - WrapVision is designed for efficiency and security, capturing and managing digital evidence while ensuring compliance with modern law enforcement demands [9][10]

Core Insights - Wrap Technologies, Inc. reported a significant increase in gross revenue, with a 241% rise to $2.0 million for Q3 2025 compared to $0.6 million in Q3 2024, driven by strong sales of the BolaWrap product and managed services revenue [2][3] - The company is transitioning to a more sustainable, service-oriented model, as indicated by a net revenue of $1.5 million for the quarter, up 151% from the previous year [2][4] Revenue Growth - Total gross revenue for Q3 2025 was $2.0 million, a 241% increase from $0.6 million in Q3 2024, primarily due to stronger BolaWrap product sales and managed services [2] - For the nine months ended September 30, 2025, gross revenue totaled $3.8 million, slightly up from $3.6 million in 2024, while net revenue was $3.3 million compared to $3.6 million in the prior year [2] Recurring Subscription Growth - Recurring subscription sales reached $236,000 in Q3 2025, accounting for approximately 12% of total gross revenue, reflecting the company's shift towards a recurring revenue model [4] Margin Expansion - Gross profit for Q3 2025 increased by 276% to $0.9 million, with gross margin expanding to 59% from 40% due to improved pricing discipline and operational efficiencies [5] Reduced Operating Expenses - Operating expenses for Q3 2025 were $3.6 million, a 6% improvement from $3.9 million in the same period last year, while for the nine months ended September 30, 2025, operating expenses decreased by 11% to $11.5 million [6] Spending on Growth and Innovation - The company has shifted its spending towards growth and innovation, focusing on sales, marketing, and R&D to support future revenue generation [7] Improved Operating Results - Operating loss improved by 24% to $2.8 million for Q3 2025 compared to $3.6 million in Q3 2024, indicating progress towards profitability [8] Recent Highlights - Wrap Technologies has made significant advancements in its product offerings and partnerships, enhancing its position in the public safety technology market [14]

Core Insights - Wrap Technologies, Inc. is expanding its partnership with the Law Enforcement Training and Advisory Council (LETAC) to address public concerns regarding humanoid and robotic systems in public safety [1][5] - The company aims to develop human-centered non-lethal response frameworks that ensure ethical control and accountability as autonomous systems evolve [2][4] - Wrap and LETAC are proactively defining ethical standards for the future integration of autonomous systems in public safety, emphasizing human judgment as the ultimate authority [3][4] Group 1: Partnership and Framework Development - The partnership with LETAC is focused on creating comprehensive policies for the responsible use of robotic systems in public safety [5][6] - Wrap is committed to ensuring that emerging technologies reinforce human values in policing rather than replace them [4][6] - The initiative aims to establish Wrap and LETAC as global leaders in defining ethical autonomy for public safety [6] Group 2: Non-Lethal Tools and Training - Wrap's portfolio includes innovative non-lethal tools such as the BolaWrap® 150 device, WrapReality™ training platform, and WrapVision™ body-worn camera [8][10] - The BolaWrap® 150 is designed to provide law enforcement with a safer choice for managing non-compliant subjects, reducing the risk of injury [10] - Wrap Reality™ offers immersive training scenarios to enhance decision-making under pressure for first responders [11] Group 3: Ethical Standards and Accountability - The frameworks being developed include ethical use-of-force thresholds, man-in-the-loop oversight, data integrity, and non-lethal intervention standards [9] - These standards prioritize life preservation and ensure that human decision-making remains central to the use of autonomous systems [9] - The collaboration aims to maintain public trust and accountability through transparency in the deployment of new technologies [9]

Core Insights - Wrap Technologies, Inc. has achieved a significant milestone with the first known air-to-air interdiction using its patented BolaWrap® entanglement system, marking a new paradigm in non-lethal defense capabilities [1][4][5] Company Developments - The test was conducted in collaboration with Vector on the Vector Hammer drone platform, successfully neutralizing a moving aerial target mid-flight with the MERLIN-Interdictor payload [2][5] - The results indicate a shift towards a platform-agnostic, non-lethal response layer that can be deployed in various environments without causing collateral damage [4][5] - Wrap is advancing its production readiness from its Virginia facility to support future commercialization paths for counter-UAS and non-lethal defense programs globally [10] Industry Impact - The successful test demonstrates the adaptability of the MERLIN payload to existing drone platforms, suggesting rapid deployment potential across commercial and government sectors [7][9] - The achievement aligns with global demand for cost-effective counter-UAS solutions, particularly against low-cost drone threats where traditional systems may be prohibitively expensive [8] - The collaboration with Vector signifies a breakthrough in non-lethal counter-UAS capabilities, potentially redefining CUAS-as-a-service in both domestic defense and battlefield operations [9]

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]

Core Insights - Wrap Technologies, Inc. has established a wholly owned subsidiary, Wrap Federal, to support U.S. federal government clients, particularly in the Department of Defense and Department of Homeland Security [1][2] - The formation of Wrap Federal is a strategic move to enhance compliance and operational standards necessary for federal contracting [2][3] - Wrap Federal aims to align with Defense Contract Audit Agency standards and support classified contracting, ensuring compliance with accounting and security protocols [3][4] Federal Strategy - Wrap Federal plans to collaborate with established prime contractors to streamline contracting pathways and expedite access to critical programs within federal agencies [4] - The subsidiary is positioned to integrate its systems into existing federal frameworks, aiming to become a fully integrated public safety and defense technology enterprise [4][6] Core Offerings - Wrap Federal will focus on two main technology sectors: non-lethal solutions and counter-Unmanned Aerial Systems (UAS) [5] - The company’s offerings include the BolaWrap 150 device, which is designed to provide a safe alternative for law enforcement, and advanced counter-UAS solutions [8][9] Growth and Compliance - The CEO of Wrap emphasized that the creation of Wrap Federal is a significant expansion of the company's mission to enhance safety in federal and defense sectors [6] - The subsidiary is structured to support DCAA-auditable contracts and classified engagements, reflecting the company's evolution into a comprehensive public safety and defense technology enterprise [6]

Core Insights - Wrap Technologies has introduced the DFR-X™ system, a non-lethal drone first responder interdiction system designed to enhance public safety by transforming standard drones into active intervention tools [1][3][5] - Pre-orders for the DFR-X payload are set to begin on November 17, 2025, with the aim of supporting law enforcement and public safety missions [1][8] Product Features - The DFR-X system extends the capabilities of existing drone platforms by integrating a controlled, non-lethal physical intervention capability using Wrap's BolaWrap technology, allowing drones to deter and disrupt threats [3][4] - The system includes a six-cassette payload and an operator-controlled remote deployment system, enhancing the functionality of drones beyond mere observation [3][4] Testing and Production - Wrap has completed internal Phase II testing of the MERLIN-Interdictor, validating its electrical remote-deployment systems and moving towards production [4] - The Virginia facility will serve as the main hub for production and integration of the MERLIN-Interdictor, positioning the company for a commercial rollout [6] Strategic Goals - The launch of the MERLIN-Interdictor marks a significant milestone for Wrap, aiming to evolve public safety from observation to immediate intervention, potentially saving lives in various scenarios [5][6] - The DFR-X initiative aligns with Wrap's broader strategy to expand its non-lethal tether and cassette systems into new mission areas, including aerial defense and public safety operations [6] Market Positioning - The DFR-X system is designed to provide law enforcement with a proactive tool that improves outcomes for officers and communities, emphasizing safety and responsible use [7] - Wrap's complete public safety portfolio includes various innovative technologies aimed at addressing modern challenges faced by public safety organizations [9][10]

Core Insights - Wrap Technologies, Inc. has successfully completed Stage One of Phase II testing for its modular aerial defense system, Project MERLIN-1, indicating progress in its development of innovative public safety solutions [1][4][6] Testing and Development - The testing was led by Michael Brown at Wrap's new U.S. manufacturing and research headquarters in Norton, Virginia, and included an off-site test range in Raleigh, North Carolina [2] - Stage One tests validated critical design specifications such as housing size, remote flight capabilities, fixed control deployments, initial recoil measurements, and payload integration [2][4] - The successful completion of Stage One tests positions Wrap to advance to Stage Two, which will focus on fully remote flight and fire control testing [4] Technology and Market Position - Project MERLIN is built on Wrap's patented tethered entanglement technology, which was previously validated in Phase I trials conducted in August 2025 [4][7] - The MERLIN platform is seen as foundational for the next evolution of Wrap's technology portfolio, aimed at creating commercially viable solutions for law enforcement, public safety, and defense markets [6][7] - The initiative supports Wrap's strategy to extend its tether and cassette systems into new mission sets, including counter-unmanned aerial systems (CUAS) and future UAS public safety missions [7] Commitment to Manufacturing and Innovation - Wrap is committed to developing scalable and sustainable solutions within its Virginia manufacturing hub, emphasizing a Made-In-America focus [6][7] - The company aims to translate early R&D successes into effective products that address modern public safety challenges [6][7] Product Portfolio - Wrap's public safety portfolio includes the non-lethal BolaWrap 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, and next-generation CUAS solutions [10] - The BolaWrap 150 is designed to provide law enforcement with a safer pre-escalation option, reducing the risk of injury during critical incidents [10] - Wrap Reality™ VR enhances decision-making under pressure by providing first responders with realistic training scenarios [11]