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. 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 successfully recertified its BolaWrap® Instructor Course through the IADLEST National Certification Program, reinforcing its commitment to non-lethal public safety solutions [1][2][4] Company Overview - Wrap Technologies is a global leader in innovative non-lethal public safety technologies, focusing on providing cutting-edge solutions to address modern public safety challenges [6][7] Certification Details - The recertification indicates that Wrap's training curriculum meets national standards for police and corrections education, accepted in 37 states, with ongoing legislative efforts in several states to mandate NCP certification [2][3] - The IADLEST National Certification Program was established to create a rigorous national standard for law enforcement training, ensuring that certified courses exceed state POST requirements [3] Training Enhancements - The 2025 recertification includes significant upgrades to the BolaWrap® Instructor Course, emphasizing non-lethal pre-escalation strategies and making training more accessible to public safety professionals [4][8] - The curriculum has been refocused on non-lethal criteria and hands-on control tactics, with a focus on the "when" and "why" of using BolaWrap techniques [8] Product Portfolio - Wrap's public safety portfolio includes the BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera, and WrapTactics™ training programs, all designed to enhance safety and effectiveness in public safety operations [5][7] - The BolaWrap® 150 device is designed to provide a non-pain-based compliance option, expanding the pre-escalation period and reducing the risk of injury during critical incidents [9]

Core Insights - Wrap Technologies, Inc. has announced the recertification of its BolaWrap® Instructor Course through the IADLEST National Certification Program, indicating compliance with national standards for police and corrections education [1][2][3] Group 1: Certification and Standards - The recertification, originally obtained in 2023, confirms that Wrap's training curriculum meets the national standards established by IADLEST, which is accepted in 37 states [2][3] - The IADLEST National Certification Program was launched in 2015 to create a rigorous national standard for law enforcement training, with courses evaluated by experts to ensure they meet or exceed state POST requirements [3] Group 2: Training Enhancements - The 2025 recertification includes significant upgrades to the BolaWrap® Instructor Course, supporting Wrap's non-lethal pre-escalation strategy and the deployment of the BolaWrap® 150 [4] - The curriculum has been refocused on non-lethal criteria and hands-on control tactics, emphasizing the "when" and "why" of using BolaWrap techniques rather than just device operation [8] Group 3: Product Portfolio - Wrap's public safety portfolio includes the BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera, and WrapTactics™ training programs, all aimed at providing safer and cost-effective technologies for public safety [5][7] - The BolaWrap® 150 is designed to provide law enforcement with a non-pain-based compliance option, helping to manage non-compliant subjects without resorting to higher-force options [9] Group 4: Future Strategy - The company plans to develop additional training modules in collaboration with law enforcement training leaders and evaluate future courses for NCP submission to maintain a credible training portfolio [4]

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, 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]

Core Viewpoint - Wrap Technologies, Inc. has appointed Joseph Cameron as Chief Revenue Officer, leveraging his extensive experience in law enforcement and public safety technology to drive revenue growth and navigate regulatory landscapes [1][4][10] Company Overview - Wrap Technologies, Inc. is a global leader in innovative public safety technologies and non-lethal tools, focusing on addressing modern challenges faced by public safety organizations [11] - The company's flagship product, the BolaWrap® 150, is deployed in over 1,000 agencies worldwide, providing law enforcement with a safer choice during critical incidents [11][12] Leadership Experience - Joseph Cameron brings over two decades of experience in law enforcement, union leadership, and public safety technology, having served in various roles including police officer and police union president [5][6] - Cameron's background includes working with over 60 law enforcement organizations nationwide, advising on technology and legislative solutions to enhance officer safety [6] Strategic Focus - As Chief Revenue Officer, Cameron will oversee all revenue operations, focusing on strategic sales initiatives and partnerships to expand Wrap's influence at all government levels [8][10] - Cameron's deep knowledge of the legislative process is expected to facilitate broader adoption of Wrap's solutions and open new market opportunities [4][6] Product Portfolio - Wrap's product offerings include the BolaWrap 150, the patent-pending 1KC kinetic anti-drone cassette, WrapReality™ immersive VR training, and WrapVision™ body-worn camera system, all aimed at enhancing safety and operational effectiveness [10][12][14] - The BolaWrap 150 utilizes a multi-sensory approach to provide officers with critical time and options during high-stakes encounters, reducing the risk of injury [12] Commitment to Safety - Wrap Technologies emphasizes its commitment to public safety through innovative technology and expert training, aiming to strengthen trust between law enforcement and communities [7][12]