Wrap Technologies, Inc. develops public safety technology and non-lethal response products for law enforcement, security and related public safety organizations. Company news commonly covers BolaWrap® remote restraint devices, WrapReality™ immersive training deployments, WrapVision digital evidence capabilities, customer purchase orders, contract renewals, and international partner activity.
Recurring updates also address WRAP's broader Non-Lethal Response™ platform, including training programs, policy-centered implementation, healthcare and campus security applications, and research initiatives tied to drone and counter-drone public safety capabilities. Financial-result announcements and operating updates frame product sales, technology-enabled services, market expansion and cost management.
Wrap Technologies (NASDAQ: WRAP) highlighted a recent federal development that affects its flagship product, the BolaWrap 150. ATF Ruling 2026-2 classifies BolaWrap 150 as an instrument of restraint, not a firearm or weapon, under the Gun Control Act and National Firearms Act.
The ruling follows broader legal shifts, including the Supreme Court’s 2025 Barnes v. Felix decision requiring full-context review of police use-of-force. According to the company, this environment is driving demand for earlier-stage nonlethal tools and strengthens its position in global public-safety markets.
Wrap Technologies (NASDAQ: WRAP) announced a strategic transaction securing exclusive U.S. and NATO distribution rights to Frenel Imaging’s physics-based AI sensing technology.
The detection system becomes the perception core of WrapShield, WRAP’s new counter-UAS and autonomous public-safety platform, targeting silent drone threats and broader safety-response applications.
Wrap (Nasdaq: WRAP) launched WrapShield, an autonomous defense and public safety platform that links detection, AI-assisted decision support, and response across complex environments. The launch is anchored by a strategic investment in Frenel Imaging and exclusive U.S. and NATO commercialization rights to its TPiCore® thermal-polarimetric sensing.
WrapShield debuts in counter-UAS, with an architecture designed to integrate multi-modal sensors, AI, and diverse response options and to expand into defense, homeland security, border security, critical infrastructure, and autonomous security missions.
Wrap Technologies (Nasdaq: WRAP) announced that ATF Ruling 2026-2 formally classifies the BolaWrap 150 as “merely an instrument of restraint,” not a firearm under the Gun Control Act and not an “any other weapon” under the NFA.
The ruling, effective July 2, 2026, supersedes prior classifications, potentially simplifying procurement in corrections, civilian safety, international, and autonomous response markets. Wrap Technologies believes the change may shorten domestic and international sales cycles and unlock an estimated $3 billion or more in previously inaccessible global addressable spend.
WRAP (NASDAQ: WRAP) announced that the University of Maryland, Baltimore County Police Department has purchased BolaWrap 150 devices and Non-Lethal Response™ training for its initial deployment of non-lethal capabilities on campus.
The program includes scenario-based training and policy-aligned use as part of WRAP’s broader public safety technology ecosystem, which also features Wrap Reality, WrapTactics, and WrapVision solutions.
Wrap Technologies (NASDAQ: WRAP) announced plans to expand its drone payload and autonomous response initiatives with non-lethal technologies including directional light, laser dazzler, and sensory deterrence systems.
The planned payloads are intended for early intervention, perimeter control, suspect deterrence, crowd management, and critical infrastructure protection across public safety, homeland security, and defense markets, and may ultimately integrate with WRAP’s BolaWrap remote restraint and AI-assisted situational awareness into unified Non-Lethal Response platforms.
Wrap Technologies (NASDAQ: WRAP) is developing a low-light expansion for its WrapReality VR training platform. The update adds nighttime and low-visibility versions of 15–20 commonly used scenarios, plus directional-light tools.
New features include a handheld light accessory and broader weapon-mounted light support to train officers’ decision-making, early intervention, and sensory disruption in dark environments.
Wrap (NASDAQ: WRAP) announced that William Paterson University in New Jersey purchased the WrapReality virtual reality training system for its Criminology and Criminal Justice Program.
The immersive platform supports training in communication, de-escalation, ethical reasoning, and decision-making, and aligns with Wrap’s strategy to expand WrapReality beyond law enforcement into education and other safety-focused sectors.
Wrap (NASDAQ: WRAP) reported Q1 2026 revenue of $1.1M, up 45% year over year, with bookings of $3.2M and product sales up 186% to $0.9M. Gross margin was 62%. Operating expenses rose to $5.5M and net loss reached $4.5M.
The company highlighted a U.S. Department of Homeland Security purchase order for BolaWrap, growing drone and counter-UAS pre-orders in Europe and Panama, a strategic agreement in India, and cash of $7.3M. Wrap continues to target approximately 100% revenue growth in 2026.
Wrap Technologies (NASDAQ: WRAP) will present its Non-Lethal Response™ ecosystem at a European law enforcement event in Italy on May 13–14, 2026. The program showcases BolaWrap, WrapReality virtual training, partner certifications, operational demos, and policy discussions for public safety leaders.
The workshop, promoted as the First European Global Roadshow: “Rethinking Use of Force,” is expected to gather about 200 attendees including police, government, procurement stakeholders, and distributor partners to examine tools, training, and policy for responsible NLR deployment.