Welcome to our dedicated page for Wrap Technologies news (Ticker: WRAP), a resource for investors and traders seeking the latest updates and insights on Wrap Technologies stock.
Wrap Technologies, Inc. (Nasdaq: WRAP) generates news centered on non-lethal public safety technology, law enforcement adoption, and the evolution of its integrated product ecosystem. As a manufacturer of the BolaWrap 150 non-lethal restraint device, WrapReality immersive VR training, WrapVision body-worn camera and evidence management system, WrapTactics training programs, and CUAS platforms like PAN-DA, MERLIN-Interdictor, and the 1KC Kinetic Anti-Drone Cassette, the company’s announcements often highlight how these offerings are being deployed and expanded.
Investors and public safety professionals following WRAP news will see regular updates on agency deployments and training programs. Recent releases describe Glenwood Springs Police Department, Alliance Police Department, and Rio Grande City Police Department integrating BolaWrap 150 into structured non-lethal response frameworks that combine equipment, policy, and recurring training. These stories provide insight into how agencies position BolaWrap as an early intervention option within their use-of-force policies, especially in encounters involving behavioral-health crises and non-compliant but non-violent individuals.
Wrap also issues news about product development and intellectual property, such as filings for next-generation, shoulder-mounted multi-shot non-lethal response platforms with optional directional sound, high-intensity light, advanced sighting, and selectable engagement modes. Other coverage includes milestones in counter-UAS development, like air-to-air interdiction tests using MERLIN-Interdictor payloads on drone platforms, and partnerships with manufacturing and policy organizations such as K-Form and LETAC.
Financial and corporate governance updates appear through earnings releases and SEC-related announcements, including revenue trends, subscription growth tied to programs like WrapReady and WrapPlus, and capital structure decisions involving preferred stock and warrants. For a consolidated view of these developments, the WRAP news page offers a chronological feed of company press releases and related disclosures that reflect Wrap’s focus on non-lethal response, training, evidence management, and modern defense applications.
Wrap Technologies, Inc. (Nasdaq: WRAP) has announced Chris DeAlmeida as the new Chief Financial Officer, succeeding Jim Barnes, who is retiring. DeAlmeida brings extensive experience in financial planning, M&A, and improving profit margins, having previously served as CFO at Encore and Orion Group Holdings. His leadership is expected to enhance Wrap's strategic roadmap as the company continues to innovate in public safety technologies. CEO TJ Kennedy expressed optimism about DeAlmeida's contributions to the company's future growth.
Wrap Technologies, Inc. (Nasdaq: WRAP) announced a sale of its Societal Reentry Virtual Reality Enterprise Platform to the Pennsylvania Department of Corrections. This innovative software aims to assist incarcerated parents in preparing for reunification with their children through immersive VR training. The platform offers customizable scenarios in a 360-degree VR environment, potentially enhancing traditional training methods. Pennsylvania State University will evaluate the effectiveness of this program. CEO TJ Kennedy emphasized the positive impact on reentry and societal issues.
Wrap Technologies, Inc. (Nasdaq: WRAP) has released new body cam footage showcasing the effective use of its BolaWrap 150 device by Avon Police in a knife-related incident. On June 30, 2022, officers were able to safely detain a threatening individual without injury using the BolaWrap, which prevented the need for higher levels of force. Chief Greg Daly highlighted the device's role in de-escalating potentially violent situations. CEO TJ Kennedy praised law enforcement's commitment to innovative safety solutions, emphasizing the BolaWrap's effectiveness in public safety.
Wrap Technologies, Inc. (Nasdaq: WRAP) has announced the sale of its Societal Reentry Virtual Reality Software to a corrections agency in Ohio, marking a milestone in its expansion into virtual reality software markets. This software aims to teach coping skills to incarcerated individuals through immersive training. CEO TJ Kennedy expressed optimism about increased adoption by corrections agencies, highlighting the program's potential in aiding re-integration into society.
Wrap Technologies, Inc. (Nasdaq: WRAP) highlights a successful deployment of its BolaWrap Remote Restraint device on June 3, 2022. In a domestic dispute, officers from Northern York County Regional Police utilized the BolaWrap to safely detain a volatile subject without physical confrontation. The incident showcased the effectiveness of the BolaWrap, with no injuries reported to either the officers or the subject. Chief David Lash praised the device's capacity for de-escalation, emphasizing the importance of training and proper usage. The footage of the incident is available for viewing online.
Wrap Technologies, Inc. (Nasdaq: WRAP) will hold its virtual-only 2022 annual meeting of stockholders on June 23, 2022, at 9:00 A.M. PT. Stockholders of record as of April 25, 2022, can attend and participate via a provided link or by phone. The company encourages early voting by today's 5:00 P.M. PT deadline. Additional details are available in the definitive proxy statement filed on April 30, 2022. Wrap specializes in public safety technologies, offering products like the BolaWrap® Remote Restraint device and the Wrap Reality training system, aimed at enhancing law enforcement operations.
Wrap Technologies (Nasdaq: WRAP) has received an official endorsement from the National De-escalation Training Center (NDTC) for its BolaWrap Remote Restraint technology. The NDTC, a leader in law enforcement training, recognizes BolaWrap as a significant advancement in safe de-escalation practices. This endorsement highlights Wrap's commitment to innovation in public safety, as BolaWrap helps law enforcement officers safely restrain individuals from a distance, reducing the necessity for force. Wrap’s CEO, TJ Kennedy, expressed pride in the endorsement by the top source for de-escalation training.
Wrap Technologies (Nasdaq: WRAP) has appointed Carlos Casas as the new Vice President of Sales & Marketing. With over 24 years of experience in sales and marketing across various sectors, including law enforcement and technology, Casas aims to implement a global sales strategy to meet increasing market demand for de-escalation solutions. Wrap's President, Kevin Mullins, expressed enthusiasm about Casas' diverse skill set and growth experience, emphasizing the company's focus on enhancing public safety through innovative technologies like the BolaWrap.
Wrap Technologies, Inc. (Nasdaq: WRAP) will present at the LD Micro by SRAX Invitational XII from June 7 to 9, 2022, at Four Seasons, Westlake Village, California. Management will present on June 8 at 1:00 PM PT and will be open for one-on-one meetings. Wrap focuses on innovative public safety technologies, including the BolaWrap® Remote Restraint device and Wrap Reality, a virtual reality training platform. These tools promote safe law enforcement practices by enabling officers to manage uncooperative individuals without resorting to higher levels of force.
Wrap Technologies, Inc. (Nasdaq: WRAP) has secured a five-year purchase order for its Wrap Reality virtual reality training system from a County Sheriff’s Office in Kentucky. The training tool aims to enhance law enforcement skills in de-escalation tactics through immersive simulations. The initial demo in March 2022 showcased its effectiveness in safely managing potential conflicts. CEO TJ Kennedy emphasized the significance of this long-term contract, reflecting market confidence in their training solutions.