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 (Nasdaq: WRAP) has announced an initial order from the Miami Police Department for BolaWrap products following a demonstration by Chief Art Acevedo. The BolaWrap device, designed to safely restrain individuals without using force, has seen successful field applications in other cities. Chief Acevedo emphasizes the importance of innovative tools for officer safety and community welfare. The BolaWrap is part of WRAP's commitment to providing effective public safety technologies and training solutions.
Wrap Technologies (Nasdaq: WRAP) recently showcased its innovative virtual reality (VR) training platform, Wrap Reality, in an interview featuring CEO Tom Smith, Miami Police Chief Art Acevedo, and Amazon Web Services (AWS) Leader Ryan Reynolds. The platform aims to enhance law enforcement training by providing immersive experiences that improve officer skills in conflict resolution and de-escalation. Smith highlighted increasing demand for Wrap Reality from agencies, further supported by a collaboration with AWS to improve functionalities. The positive feedback from law enforcement showcases its potential impact on public safety training.
Wrap Technologies, Inc. (WRAP) announced that the RCMP has classified the BolaWrap 100 as exempt from being a prohibited device or firearm. This August 2021 report allows for easier sales of BolaWrap 100 in Canada, expanding its market accessibility. The device is designed as a de-escalation tool, promoting safer interactions by reducing the potential for injury. Canadian Police Officers will now have access to this tool, which is viewed favorably compared to other restraint methods. The Company emphasizes training for appropriate usage among law enforcement.
Wrap Technologies (Nasdaq: WRAP) released bodycam footage showing a successful BolaWrap deployment by the Tempe Police Department, highlighting its effectiveness in non-lethal restraint. The incident occurred on July 5, 2021, when officers used the BolaWrap to safely restrain a noncompliant individual, ensuring her safe transport to a hospital. Tom Smith, CEO, praised the officers' decision-making and the BolaWrap's role in resolving crisis situations. Currently, the BolaWrap is utilized by over 570 agencies across the U.S. and internationally.
Wrap Technologies (Nasdaq: WRAP) has appointed Mario Knapp as Vice President of Training, tasked with overseeing the Wrap Training Academy and its global network of instructors. This move comes as demand for WRAP's BolaWrap remote restraint solution has surged among law enforcement agencies. With over 27 years of experience in law enforcement, Knapp aims to enhance training programs for the effective use of BolaWrap and Wrap Reality technology. His expertise is anticipated to drive growth and adoption of these innovative solutions within the industry.
Wrap Technologies (Nasdaq: WRAP) announces participation in Benzinga’s All Access Show on August 13, 2021, where CEO Tom Smith will address recent corporate updates and growth prospects. The company is known for its innovative public safety products, including the BolaWrap®, a remote restraint device, and Wrap Reality™, a virtual reality training platform. These technologies aim to enhance public safety by offering effective, non-lethal alternatives for law enforcement. The event is an opportunity for investors to gain insights into WRAP's future direction.
On August 10, 2021, Wrap Technologies, Inc. (WRAP) announced new bodycam footage demonstrating the effective use of its BolaWrap device by officers in Bayfield, Colorado, during a mental health crisis incident. The BolaWrap was successfully deployed to safely restrain an uncooperative woman, showcasing its potential in public safety scenarios. Over 570 agencies across the U.S. and 44 countries are currently testing and utilizing the BolaWrap. CEO Tom Smith praised the incident as a testament to the device's role in de-escalation and safe law enforcement practices.
Wrap Technologies, Inc. (WRAP) released its first Environment, Social and Governance (ESG) letter, highlighting its commitment to ESG initiatives. The letter outlines goals for diversity within the company and reports on past achievements. WRAP's President and CEO, Tom Smith, expressed enthusiasm for integrating ESG into their operations, emphasizing the company's mission to enhance public safety through innovative solutions. The ESG letter is available on their investor page, reflecting WRAP's long-term dedication to community impact and core values.
Wrap Technologies, Inc. (WRAP) has announced that Hillsborough County Sheriff’s Office will deploy 165 BolaWrap Remote Restraint Devices after a successful pilot program. The devices were demonstrated as effective in de-escalating crisis situations through released bodycam footage. Sheriff Chad Chronister emphasized the importance of the BolaWrap in enhancing de-escalation techniques within law enforcement. The company's BolaWrap technology aims to improve public safety interactions and reduce reliance on more severe force methods.
Wrap Technologies, Inc. (WRAP) announced a follow-on international order for 1,500 BolaWrap devices, marking the largest order in its history. This order stems from a prior demonstration conducted virtually through Zoom, illustrating the effective adaptation of sales strategies during the pandemic. The order was received in Q2 2021, with part of it shipped in that quarter and the remainder expected to be fulfilled in the second half of the year. WRAP's BolaWrap technology aims to enhance safety in law enforcement by providing a non-lethal option for restraining individuals.