Core Insights - Wrap Technologies, Inc. has announced a two-year partnership with the Le Sueur Police Department in Minnesota to deploy BolaWrap® 150 devices and WrapTactics™ training, focusing on safety and operational outcomes [1][2][5] Group 1: Partnership Details - The Le Sueur Police Department will fully deploy BolaWrap® 150 devices and WrapTactics™, supported by a subscription-based training platform and a structured research initiative [2][4] - The partnership aims to provide measurable insights into reducing risks to officers, improving community safety, and enhancing agency performance [2][5] Group 2: Community Engagement - Le Sueur, a city with over 4,000 residents, is known for its community engagement and collaboration, making it a suitable partner for this initiative [3] - The police department's commitment to proactive community policing and officer safety is highlighted by their investment in BolaWrap® 150 devices and training [4] Group 3: Company Strategy and Technology - The collaboration reflects a growing recognition among law enforcement agencies of the need for innovative, data-driven tools in modern policing [5][8] - Wrap Technologies aims to build a robust foundation of evidence to demonstrate the effectiveness of BolaWrap® and WrapTactics™ in reducing risks and improving community relations [5][8] Group 4: Product Overview - The BolaWrap® 150 is designed to provide a non-lethal pre-escalation option for law enforcement, helping officers manage non-compliant subjects without resorting to higher-force options [7] - The device is used by over 1,000 agencies across the U.S. and in 60 countries, emphasizing its widespread acceptance and potential impact on public safety [7]

Core Viewpoint - Wrap Technologies, Inc. is set to announce its financial and operational results for Q3 2025 on November 12, 2025, during a conference call [1][2]. Financial and Operational Results - The financial results will be disclosed in a press release prior to the conference call, which will include a presentation by Wrap management followed by a Q&A session [2][3]. - Interested parties can submit questions to the company before the call, which will be addressed based on relevance to the company's strategic direction and public disclosure rules [2]. Company Overview - Wrap Technologies, Inc. is recognized as a global leader in innovative public safety technologies and non-lethal tools, focusing on addressing modern challenges faced by public safety organizations [4]. - The company's flagship product, the BolaWrap® 150, is designed for pre-escalation in law enforcement, providing a safer alternative during critical incidents [4][5]. - The BolaWrap 150 utilizes a multi-sensory cognitive disruption approach, allowing officers to manage non-compliant subjects without resorting to higher-force options [5]. Product Innovations - Wrap Reality™ VR is a training simulator aimed at enhancing decision-making under pressure for first responders, offering realistic scenarios to improve their skills [6]. - WrapVision is a body-worn camera and evidence management system designed for efficiency and compliance, capturing and managing digital evidence securely [7][8]. - WrapVision is manufactured in North America, ensuring data integrity and compliance with regulatory requirements, which distinguishes it from many competitors [8].

MIAMI, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) ("Wrap" or the "Company"), a global leader in public safety and counter-drone technologies, today announced the appointment of Braden Frame as Chief Commercial Officer (CCO) of the Company. This appointment comes as the Company evolves beyond its flagship BolaWrap® device and introduces integrated subscription-based services and counter-unmanned aircraft system (C-UAS) solutions. These advancements are expected to position Wra ...

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]

The patent pending Merlin platform and Wide Area Kinetic Anti-Drone Cassette are anticipated to meet or exceed DOD and U.S. Army requirements by providing scalable, low-cost, and rapidly deployable defense against unmanned aerial threats, reinforcing Wrap’s long-term growth strategy in military and allied markets. MIAMI, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety and defense solutions, today announced the s ...

Core Viewpoint - Wrap Technologies, Inc. has announced the launch of the 1KC: Kinetic Anti-Drone Cassette, a new counter-unmanned aerial systems (C-UAS) technology that aims to expand its BolaWrap® platform into the growing global C-UAS market [1][5] Group 1: Product Features and Design - The 1KC cassette utilizes Wrap's patented tether technology and is designed for modular deployment, offering increased effective range and a wide area of effect for aerial entanglement [3][15] - It is intended to integrate with the PAN-DA handheld launcher and MERLIN housing system, allowing for multiple deployment options across various use cases [4][15] - The cassette is designed to be retrofitted to existing BW150 devices, providing users with interchangeable options based on specific use cases [10] Group 2: Strategic Positioning and Market Opportunities - The company aims to leverage its BolaWrap® technology to pursue new market opportunities, particularly in relation to the Department of Defense's Joint Interagency Task Force 401 [5][6] - The 1KC cassette is built to align with the Department of Defense's "detect, identify, decide, defeat" framework, potentially providing a kinetic defeat layer at various operational levels [6][7] Group 3: Potential Applications - Potential applications for the 1KC cassette include base defense nodes and squad-level defenses, offering portable options for protection against surveillance and strike drones [7][8] - The design may also be adaptable for autonomous systems, enabling coordinated counter-swarm effects [8] Group 4: Advantages and Operational Value - Key advantages of the 1KC cassette include a compact design for improved portability, multi-target capability for neutralizing several drones in a single mission, and a high-tensile tether system for rapid deployment [15][9] - The flexibility of the system is expected to underscore its operational and economic value [4]

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]

Core Viewpoint - Wrap Technologies, Inc. has announced a private placement of securities, raising $4.5 million through the sale of Series B Preferred Stock and accompanying warrants, aimed at enhancing its public safety technology offerings and expanding market execution [2][3]. Financing Highlights - The company executed a securities purchase agreement for 4,500 shares of Series B Preferred Stock, convertible into 3,000,000 shares of common stock at an initial price of $1.50 per share, along with warrants to purchase an additional 3,000,000 shares [2][3]. - The total gross proceeds from this private placement amount to $4.5 million, with the closing expected around August 19, 2025, subject to customary conditions [3]. Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [3]. - The financing is expected to advance Wrap's Wrap-Merlin and Wrap-PANDA programs, enhancing counter-drone capabilities and supporting law enforcement growth initiatives [8]. Product and Market Strategy - Wrap's BolaWrap® 150 solution is designed for pre-escalation in law enforcement, providing a non-lethal option to manage non-compliant subjects [7][9]. - The company aims to leverage its existing technology base to build a scalable federal government business, particularly in counter-UAS demand [8]. - The financing will also support the expansion of WrapVision, a body-worn camera system, addressing cost pain points for law enforcement agencies and opening access to adjacent markets like healthcare [8][12].

Financial Results - Wrap Technologies reported total revenues of $1.0 million for Q2 2025, a decrease from $1.6 million in Q2 2024, and $1.8 million for the six months ended June 30, 2025, compared to $3.0 million in the same period of 2024 [16][16] - The company experienced a gross profit of $487,000 for Q2 2025, down from $984,000 in Q2 2024, and a gross profit of $1.1 million for the six months ended June 30, 2025, compared to $1.8 million in the same period of 2024 [16][16] - Operating expenses were reduced by 26% in Q2 2025 to $3.3 million from $4.2 million in Q1 2025, and by 14% year-to-date to $7.9 million from $9.1 million in the same prior year period [6][6] - The net loss for Q2 2025 was $3.7 million, compared to a net loss of $385,000 in Q2 2024, and the net loss for the six months ended June 30, 2025, was $3.6 million compared to $268,000 in the same period of 2024 [16][16] Cost Reduction and Cash Flow - The company achieved a reduction in net cash used in operations by $2.2 million during the six months ended June 30, 2025, down to $5.0 million from $7.2 million in the same period in 2024 [6][6] - Cash increased by 16% to $4.2 million at June 30, 2025, up from $3.6 million at December 31, 2024 [6][6] Strategic Initiatives - Wrap Technologies launched WrapVision, an all-in-one body-worn camera solution for law enforcement, public safety, and healthcare [6][6] - The company appointed Gerald "Jerry" Ratigan as Chief Financial Officer [6] - The Supreme Court's ruling in Barnes v. Felix expanded officer liability to the pre-escalation period, aligning with Wrap's mission and positioning BolaWrap® for accelerated adoption [6][6] Product Development - The BolaWrap® 150 solution is designed to provide law enforcement with a safer choice for managing non-compliant subjects, used by over 1,000 agencies across the U.S. and in 60 countries [5][7] - Wrap Reality™ VR is a training simulator aimed at enhancing decision-making under pressure for first responders [8] - WrapVision is designed for efficiency, security, and transparency, capturing and managing digital evidence with superior video quality [9][10] Balance Sheet and Equity - As of June 30, 2025, total assets were $15.6 million, with total liabilities significantly reduced to $3.9 million from $14.9 million at the end of 2024 [14][15] - The company successfully amended the terms of certain outstanding warrants, allowing for reclassification to additional paid-in capital, which will reduce earnings volatility going forward [6][6]

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].