Wrap Technologies Inc Stock Price, News & Analysis

Wrap Technologies (NASDAQ: WRAP) has appointed Joseph Cameron as Chief Revenue Officer to drive growth in public safety and counter-UAS solutions. Cameron brings over 20 years of experience spanning law enforcement, union leadership, and public safety technology.

Cameron's background includes 11 years as a police officer in various roles, followed by leadership positions in police unions and political advocacy. As CEO of a political and strategic advocacy firm, he worked with over 60 law enforcement organizations nationwide. His expertise in government requirements, funding acquisition, and legislative processes positions him to expand Wrap's market presence.

Wrap's portfolio includes the BolaWrap® 150 (deployed to over 1,000 agencies), the 1KC kinetic anti-drone cassette, WrapReality™ VR training, and WrapVision™ body-worn camera system.

Wrap Technologies (NASDAQ: WRAP) announced the opening of its new U.S. manufacturing headquarters in Norton, Virginia, with Virginia Governor Glenn Youngkin confirmed to attend the ribbon-cutting ceremony on September 19, 2025. The $4.1 million facility is expected to create over 120 new jobs in manufacturing, engineering, logistics, and training.

The 20,000-square-foot facility will manufacture up to 23,000 BolaWrap® 150 devices and 150,000 cassettes monthly. The site includes an R&D wing, innovation center, and training spaces, and will produce Wrap's patent-pending 1KC kinetic anti-drone cassette for counter-unmanned aerial systems (C-UAS). The project received support from multiple Virginia state development authorities and represents a significant economic boost for Wise County.

Wrap Technologies (NASDAQ: WRAP) has submitted its Counter-Unmanned Aircraft System (C-UAS) technology solution, Project Merlin-1KC, to the U.S. Army's xTechCounter Strike competition. The patent-pending system features a modular, platform-agnostic defeat solution designed to physically disable hostile Group 1 drones using lightweight tethered projectiles.

The Merlin-1KC system, with an anticipated retail cost of less than $60 per shot, can be integrated across multiple platforms and demonstrates a 6:1 multi-kill capability in testing. Wrap's current production capacity stands at 18,000-20,000 units, with potential surge capacity to 75,000 units monthly within 90 days of award. The company maintains an 85% U.S.-based supply chain with plans to achieve 100% Made-in-USA status.

Wrap Technologies (NASDAQ: WRAP) announced that the City of Pavia, Italy has adopted its BolaWrap® 150 device as a safer alternative to Tasers for its police force. The city has purchased four BolaWrap devices and is training twelve officers in their deployment.

The decision comes after Pavia decommissioned its Taser program in 2024, with Security Commissioner Rodolfo Faldini emphasizing BolaWrap's ability to immobilize individuals without causing physical harm. Unlike Tasers, BolaWrap is not classified as a weapon in Italy and operates as a pre-escalation tool designed to reduce injuries and liability while building public trust.

Wrap Technologies (NASDAQ: WRAP) has officially opened its new U.S. Manufacturing World Headquarters in Norton, Virginia. The $4.1 million facility is designed to manufacture up to 23,000 BolaWrap® 150 devices and 150,000 cassettes monthly, with future capacity to double or triple output.

The state-of-the-art facility will create 126 new jobs in manufacturing, engineering, logistics, and training roles. The site includes dedicated engineering, R&D wings, and a demonstration center. The facility will also support the production of WrapVision™ cameras, WrapReality™ VR training systems, and the company's patent-pending 1KC kinetic anti-drone cassette for counter-unmanned aerial systems (C-UAS).

The project received support from various Virginia state organizations and Governor Glenn Youngkin, building on Wrap's existing partnerships with over 40 agencies across Virginia.

Wrap Technologies (NASDAQ: WRAP) announced a strategic partnership with STORM Training Group to enhance their WrapTactics™ digital learning platform with post-BolaWrap® arrest and control training modules. The partnership integrates STORM's proven defensive tactics system, which has demonstrated significant results including a 37% reduction in overall use of force and 86% reduction in officer strikes across 2,800+ force incidents from 2014-2020.

The collaboration will provide law enforcement agencies with on-demand access to STORM's training content through WrapTactics™, available as a standalone option or included in WrapReady™ and WrapPlus™ subscription bundles. STORM's training has helped reduce civil liability payouts from $2M in 2017 to just $5,000 in 2020 in one city's implementation.

Wrap Technologies (NASDAQ: WRAP) has unveiled the 1KC: Kinetic Anti-Drone Cassette, a patent-pending counter-unmanned aerial systems (C-UAS) technology. The innovation extends the company's BolaWrap® platform into the C-UAS market with a design that enables operators to potentially disable hostile drones in flight.

The 1KC cassette features platform-agnostic deployment, integrating with the PAN-DA handheld launcher and MERLIN housing system for UAS and UGV platforms. Key advantages include expanded area of effect, multi-target capability, reduced form factor, and a high-tensile tether system. The technology aligns with the Department of Defense's defense framework and Task Force 401 requirements.

Wrap Technologies (NASDAQ: WRAP) has launched WrapTactics™, a subscription-based digital learning and training platform designed to enhance police officer readiness through science-based instruction. The platform addresses critical training gaps in law enforcement, where skills can deteriorate within weeks without proper reinforcement.

The platform features burst learning modules and scenario-based applications, including BolaWrap® 150 Operator Course, body-worn camera reviews, and control tactics training. WrapTactics™ is available as a standalone platform and is included in Wrap's WrapReady™ and WrapPlus™ subscription bundles.

Wrap Technologies (NASDAQ: WRAP) has secured a $4.5 million private placement through the sale of Series B Preferred Stock and warrants to institutional investors. The financing includes 4,500 shares of preferred stock convertible into 3 million common shares at $1.50 per share, along with warrants to purchase an additional 3 million shares.

The funding will accelerate the development of Wrap's counter-drone technologies, including Wrap-Merlin and Wrap-PANDA programs, which repurpose BolaWrap® 150 inventory. The proceeds will also support the company's dual-use strategy, targeting both law enforcement and federal markets, while expanding WrapVision's body camera offerings and subscription-based solutions.