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Wrap and LETAC USA Announce Innovative Partnership to Help Define Global Standards for Non-Lethal Machine-to-Man Policy and Tactics
Globenewswire· 2025-11-06 14:00
Core Insights - The partnership between Wrap Technologies and LETAC aims to establish a Non-Lethal Response: Machine-to-Man Policy Framework to enhance public safety through non-lethal drone systems [1][2][3] - This collaboration seeks to create a unified policy foundation for the ethical and safe deployment of autonomous systems in various high-stress environments, including policing and healthcare [2][4] Company Overview - Wrap Technologies is recognized as a leader in non-lethal public safety technology, providing innovative solutions to address modern public safety challenges [6] - The company's product portfolio includes the BolaWrap 150 device, WrapReality™ training platform, WrapVision™ body-worn camera system, and CUAS solutions, all designed to enhance safety and operational efficiency [7][10] Partnership Objectives - The partnership will develop a comprehensive Non-Lethal Policy Framework that defines system roles, autonomy levels, and operator accountability [8] - Deliverables will include sector-specific policy templates and tactical SOPs for law enforcement, education, healthcare, and private security [8] Training and Technology Integration - Wrap's training programs, including the immersive Wrap Reality™ VR simulator, aim to improve decision-making under pressure for first responders [10] - The WrapVision camera system is designed for efficiency and security, ensuring compliance and enhancing the quality of digital evidence management [11][12]
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 Launches Data Partnership With Le Sueur Police Department to Study Non-Lethal Force and Pre-Escalation Tactics
Globenewswire· 2025-10-06 10:30
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]
Wrap Technologies, Inc. Plans to Hold a Conference Call to Discuss Third Quarter 2025 Financial Results on Wednesday, November 12, 2025, at 4:30 p.m. ET
Globenewswire· 2025-09-30 11:00
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].
Wrap Appoints Internationally Recognized Strategic Communications and Technology Expert Braden Frame as Chief Commercial Officer
Globenewswire· 2025-09-25 11:00
Core Viewpoint - Wrap Technologies, Inc. has appointed Braden Frame as Chief Commercial Officer to lead the company's transition towards integrated subscription-based services and counter-drone technologies, aiming to enhance public safety and national security solutions [1][3][6] Company Developments - The appointment of Braden Frame is part of Wrap's strategy to evolve beyond its flagship BolaWrap® device and introduce scalable, recurring offerings for law enforcement, private security, and the U.S. Department of Defense [3][6] - Frame will oversee marketing, product strategy, pricing, training, and go-to-market execution, focusing on productizing Wrap's solutions and expanding into defense and high-security markets [5][9] Leadership Background - Braden Frame brings two decades of experience in public safety and technology, including frontline service as a firefighter and paramedic, which positions him well to lead Wrap's commercial growth [4][8] - His career reflects a commitment to public service and innovation, transitioning from frontline operations to shaping public safety strategy and advancing technology-driven solutions [8] Strategic Goals - Under Frame's leadership, Wrap aims to pursue recurring revenue growth by increasing market share and redefining modern public safety through scalable innovation and global partnerships [9] - The company is expanding its mission to provide an integrated suite of solutions, including subscription-based training and advanced counter-UAS technologies, to address urgent challenges in public safety and defense [9]
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 Enters U.S. Army xTechCounter Strike C-UAS Competition with Project MERLIN Innovation
Globenewswire· 2025-09-17 11:00
Core Insights - Wrap Technologies, Inc. is advancing its defense capabilities with the submission of its C-UAS technology, Project Merlin-1KC, for the U.S. Army's xTechCounter Strike competition, aiming to enhance military and allied defense against drone threats [2][3][4] Group 1: Project Merlin-1KC Overview - The Merlin platform and Wide Area Kinetic Anti-Drone Cassette are designed to meet or exceed U.S. Army requirements, providing scalable and low-cost defense against unmanned aerial threats [1] - Project Merlin-1KC features a modular, platform-agnostic solution that physically disables hostile Group 1 drones using lightweight, tethered projectiles [4] - The system is engineered for rapid integration across various platforms, including unmanned aerial and ground vehicles, with a production capacity of 18,000–20,000 units and a surge potential of 75,000 units monthly [5][10] Group 2: Competitive Advantage and Market Position - The anticipated retail cost of less than $60 per shot for the Merlin system aims to reverse the cost imbalance in drone warfare, enhancing operational effectiveness with a projected multi-kill capability of 6:1 or greater [10] - Wrap's participation in the xTechCounter Strike competition aligns with its long-term strategy to expand its technology portfolio beyond law enforcement into defense markets [6][8] - The company emphasizes its 85% U.S.-based supply chain, with a roadmap to achieve 100% Made-In-USA production, reinforcing its commitment to domestic manufacturing [5][10] Group 3: Strategic Vision and Future Opportunities - The submission to the xTechCounter Strike competition is viewed as a first step in extending Wrap's technology ecosystem into defense, aiming to provide reliable counter-UAS solutions for the Army [9] - The company believes that its innovative cassette-based technology positions it uniquely to deliver mission-ready solutions in contested environments [8] - Wrap's President highlighted the potential for sustainable and scalable solutions against the growing threat of unmanned systems, which could create new opportunities in defense [6]
Wrap Unveils Patent Pending Wide Area Kinetic Anti-Drone Cassette for Effective Government C-UAS Operations
Globenewswire· 2025-09-04 13:15
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]
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 Secures $4.5M in Private Placement to Accelerate Emerging Counter-Drone Technologies and Dual-Use Go-to-Market Strategy
Globenewswire· 2025-08-18 13:24
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].