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) 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.
Wrap Technologies (NASDAQ: WRAP) reported Q2 2025 financial results marked by significant cost reductions and operational improvements. The company achieved a 26% reduction in Q2 operating expenses to $3.3 million from $4.5 million in Q1 2025. Cash position strengthened by 16% to $4.2 million as of June 30, 2025, while net cash used in operations decreased by $2.2 million year-over-year.
Strategic initiatives included the launch of WrapVision, a North American-made body-worn camera solution, and the appointment of Jerry Ratigan as CFO. The company is preparing to take possession of its new manufacturing facility in Norton, Virginia by August 2025. Revenue stood at $1.0 million for Q2 and $1.8 million for H1 2025, as the company focuses on customer acquisition and implementing a new Go-To-Market strategy.
Wrap Technologies (NASDAQ: WRAP) has unveiled Project PAN-DA (Personal Anti-Drone Armament), its second counter-unmanned aircraft systems (C-UAS) initiative. The system repurposes the company's BolaWrap 150 platform to create a handheld counter-drone defense system that launches Kevlar tethers to physically entangle and disable hostile drones midair.
Built on technology currently used by over 1,000 law enforcement agencies, PAN-DA aims to provide a cost-effective, reusable alternative to existing drone defense solutions. The company is targeting the global counter-drone market, projected to grow from $1.9 billion in 2023 to $6.8 billion by 2030. Following successful phase one proof of concept, Wrap's engineering teams will focus on enhancing range, area-of-effect, and cassette cost optimization.
Wrap Technologies (NASDAQ: WRAP) has unveiled a new research and development initiative to adapt its BolaWrap® 150 technology for the counter-unmanned aircraft systems (C-UAS) market. The company's first concept, Wrap-Merlin 1, is a modular drone-mounted payload system designed to neutralize hostile drones mid-flight.
The system can mount up to six BolaWrap® 150 cassettes on an FPV drone platform, featuring remote deployment and first-person-view targeting capabilities. Key advantages include multiple engagements per sortie, compatibility with existing drone fleets, and rapid adaptability. The system is engineered for integration with Department of Defense Blue UAS-approved platforms and allied drone systems.
This initiative targets the global counter-UAS market, which is projected to grow from $1.9 billion in 2023 to $6.8 billion by 2030. The company aims to leverage its existing BolaWrap® manufacturing infrastructure for rapid commercialization in both DOD and global defense markets.
Wrap Technologies (NASDAQ: WRAP) has launched WrapVision, a North American-made body-worn camera platform designed for law enforcement, public safety, and healthcare professionals. The TAA-compliant solution features advanced specifications including a 6000 mAh battery with 12-hour operation, 180° x 180° ultra-wide lens, and 8MP high-resolution sensor.
The platform integrates with major video systems and is compatible with leading Genetec and Milestone VMS platforms. WrapVision offers secure data management through North American exclusive data centers, addressing concerns about unauthorized foreign access and cyber security. The competitively priced solution aims to support Wrap's subscription-driven revenue strategy and pathway to profitability.
Wrap Technologies (NASDAQ: WRAP), a leader in public safety technologies and non-lethal tools, will host its Q2 2025 earnings conference call on Thursday, August 14, 2025, at 4:30 p.m. ET. The company will release its financial and operational results for the quarter ended June 30, 2025, before the call.
Shareholders can submit questions to ir@wrap.com by August 12, 2025, at 5:00 p.m. ET. The earnings release and related materials will be available on the company's investor relations website at ir.wrap.com.