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Wrap Technologies Announces Formation of Wrap Federal to Advance Non-Lethal Tools, UAS, and Counter-UAS Solutions for U.S. Government Agencies
Globenewswire· 2025-10-21 11:30
MIAMI, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety and unmanned systems technology, today announced the formation of Wrap Federal, LLC (“Wrap Federal”) a wholly owned subsidiary of the Company dedicated to supporting U.S. federal government clients in the Department of Defense (DoD), Department of Homeland Security (DHS), and other federal agencies. The formation of Wrap Federal marks a significant milestone ...
Wrap Launches Next-Generation Drone First Responder Interdiction Solution with a Focus on Non-Lethal Response
Globenewswire· 2025-10-17 11:35
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]
Wrap Achieves Key Milestone in Counter-UAS Development with Successful MERLIN Stage One Testing Conducted by Wrap
Globenewswire· 2025-10-14 10:15
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]
Wrap and Virginia Governor Glenn Youngkin Confirmed to Celebrate Norton Manufacturing Hub Opening, Powering C-UAS and Pre-Escalation Era Solutions
Globenewswire· 2025-09-18 11:00
Core Insights - The new manufacturing hub in Southwest Virginia aims to enhance Made-in-America production and support counter-unmanned aerial systems (C-UAS) readiness with Wrap's innovative technologies [1][4][7] Economic Impact - The project, supported by the State of Virginia with $4.1 million, is expected to create over 120 new jobs in various sectors including manufacturing, engineering, logistics, and training [2][5] - This initiative is one of the most significant recent economic development projects in Wise County, contributing to the region's technology and industrial growth [2][5] Facility Details - The Norton facility spans 20,000 square feet and is designed to manufacture up to 23,000 BolaWrap 150 devices and over 150,000 cassettes monthly, with potential future capacity to double or triple output [3][8] - The facility will also include dedicated R&D, an innovation and demonstration center, and training spaces for agencies and partners [3][8] Product Focus - The facility will assemble the 1KC kinetic anti-drone cassette, a patent-pending technology aimed at addressing Department of Defense and Department of Homeland Security needs [4][8] - The 1KC technology is designed for wide-area entanglement coverage and modular deployment across various platforms, enhancing multi-drone intercept capabilities [4][8] Strategic Vision - The opening of the Norton facility is a key step in Wrap's long-term growth strategy, focusing on expanding U.S. production, delivering shareholder value, and aligning with federal security priorities [7][8] - The company aims to create a direct pipeline from local talent to national defense innovation, supporting both community development and shareholder interests [5][8]
Wrap Technologies Introduces WrapTactics™: Digital Training Platform Driving BolaWrap® Adoption and Shifting Policing Toward Pre-Escalation Training
Globenewswire· 2025-08-20 13:15
Core Insights - Wrap Technologies, Inc. has launched WrapTactics™, a subscription-based digital learning platform aimed at enhancing officer training and retention of critical skills in policing [1][4][6] - The platform addresses the rapid degradation of police skills due to insufficient training reinforcement, with core defensive tactics deteriorating within two weeks [2][3] - WrapTactics™ is positioned as a growth opportunity for the company, potentially expanding its market into the multi-billion-dollar global training sector [4][6] Product Features - WrapTactics™ offers short-form, high-impact coursework and scenario-based applications to improve skill retention and application under pressure [3][4] - The initial curriculum includes essential skills that could lead to state-certified training content in pre-escalation policing [4] - The platform is available as a standalone product and as part of bundled subscription offerings, enhancing the integration of training and operational support [5] Strategic Positioning - The launch of WrapTactics™ aligns with Wrap's mission to improve public safety outcomes and reduce harm through scalable, technology-enabled training [6] - By leveraging human performance science, Wrap aims to transform modern policing practices and address fundamental training gaps [6] - The company’s BolaWrap 150 solution complements WrapTactics™ by providing a non-lethal option for law enforcement, enhancing officer readiness during critical incidents [7][8]
Wrap Technologies, Inc. Plans to Hold a Conference Call to Discuss Second Quarter 2025 Financial Results on Thursday, August 14, 2025 at 4:30 p.m. ET
Globenewswire· 2025-08-07 13:15
Core Viewpoint - Wrap Technologies, Inc. is set to hold a conference call on August 14, 2025, to discuss its financial and operational results for Q2 2025, with results expected to be released prior to the call [1][2]. Company Overview - Wrap Technologies, Inc. is recognized as a global leader in public safety solutions, integrating advanced technology with skilled personnel to tackle modern public safety challenges [3]. Product Innovations - The BolaWrap 150 is a leading solution for law enforcement, designed to provide a safer alternative during critical incidents by utilizing a multi-sensory cognitive disruption approach, which helps manage non-compliant subjects without resorting to higher-force options [4]. - Wrap Reality VR serves as an immersive training simulator aimed at enhancing decision-making under pressure for first responders, offering realistic scenarios to improve their skills and confidence [5]. - WrapVision is a new body-worn camera and evidence management system that emphasizes efficiency, security, and transparency, capturing high-quality digital evidence while ensuring regulatory compliance [6][7].
Chairman and CEO Stockholder Letter: Unanimous Supreme Court Ruling Builds the Case for Pre-Escalation and Widespread BolaWrap Adoption
Globenewswire· 2025-06-02 13:15
Core Viewpoint - The recent Supreme Court ruling in Barnes v. Felix is expected to significantly alter the evaluation of use-of-force incidents under federal civil rights law, expanding officer accountability to include actions taken during the pre-escalation period [4][6]. Company Overview - Wrap Technologies, Inc. is a leader in innovative public safety technologies, focusing on non-lethal tools designed to enhance law enforcement effectiveness while reducing liability [13][14]. - The company's flagship product, the BolaWrap 150, is a non-lethal device that allows officers to restrain individuals from a distance, aiming to prevent escalation before it occurs [14]. Legal and Industry Context - The evolving legal landscape, influenced by new rulings and public expectations, necessitates that law enforcement agencies adopt pre-escalation tools and training to mitigate litigation risks [2][6]. - The Supreme Court's decision emphasizes the importance of exhausting de-escalation tactics before resorting to force, particularly in situations involving individuals with mental health crises [6]. Product Positioning - The BolaWrap 150 is positioned as a primary tool for "Pre-Escalation" policing, offering a safer alternative that can be deployed at the earliest stages of non-compliance [7][9]. - The company has filed for trademarks on "Pre-Escalation" and "WrapWindow," defining new phases in the use-of-force continuum that highlight the importance of early intervention [8]. Strategic Initiatives - Wrap Technologies is prepared to scale its operations and enhance its offerings, including WrapPlus, WrapTactics training, and WrapReady, to meet the demands of modern law enforcement [11]. - The company aims to lead the market by aligning its products with the evolving legal landscape and expanding access through flexible pricing and deployment strategies [11]. Training and Technology - Wrap Reality™ VR is a training simulator designed to improve decision-making under pressure, providing realistic scenarios for law enforcement officers [15]. - The Intrensic system is an advanced body-worn camera and evidence management solution that enhances operational efficiency and courtroom credibility [16].