Panama Partner Issues Purchase Order for DFR-X Drone System as Wrap Expands Non-Lethal Response Capabilities in the Region
Rhea-AI Summary
Wrap Technologies (NASDAQ: WRAP) announced an exclusive Panama partnership with Servicios Tácticos de Seguridad (STS) and an initial purchase order for the DFR-X drone system plus additional non-lethal response technologies including BolaWrap devices.
The agreement gives STS exclusive commercial rights in Panama, plans for Q2 demonstrations and training, and aims to introduce Wrap’s integrated NLR, C-UAS, body-worn cameras, and VR training across law enforcement, national security, ports, and critical infrastructure sectors.
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Market Reality Check
Peers on Argus
Momentum data flagged only VPG in the group, down about 2.51% without related news. Other listed peers show mixed moves, indicating the setup around WRAP appears more stock-specific than part of a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 02 | Training site launch | Positive | +1.7% | New Florida drone test and NLR training headquarters with WOFT. |
| Feb 26 | Manufacturing partnership | Positive | +3.7% | Expanded K-Form deal to accelerate MERLIN-1 and DFR-X production. |
| Feb 25 | India market entry | Positive | -5.3% | India distribution deal with Crystal Works including DFR-X and BolaWrap. |
| Feb 20 | Training partnership | Positive | -3.9% | New Transitional Control training unit via WrapTactics LMS with STORM. |
| Feb 13 | Police deployment | Positive | +5.3% | Loveland PD expanded to department‑wide BolaWrap 150 rollout. |
Recent operational and partnership announcements have produced mixed price reactions, with three instances of positive alignment and two divergences.
Over the past month, WRAP has reported a series of expansion and training milestones. These include a new drone test and non-lethal response training site in Florida (Mar 02), an expanded manufacturing partnership for MERLIN-1 and DFR-X systems (Feb 26), and a strategic India distribution agreement featuring DFR-X, BolaWrap 150, and WrapReality (Feb 25). Additional updates covered a new Transitional Control training unit (Feb 20) and department-wide BolaWrap 150 deployment in Loveland (Feb 13). Today’s Panama partnership continues that international and ecosystem build-out theme.
Regulatory & Risk Context
An effective S-3 shelf is in place to register 5,000,000 shares for resale from a February 2026 private placement. The filing notes potential dilution and stock overhang, as the registered shares equal about 9.17% of the 54,501,638 shares outstanding as of February 6, 2026. The company would receive cash only if the $2.30 common warrants are exercised.
Market Pulse Summary
This announcement extends WRAP’s recent push to commercialize its DFR-X drone system and broader Non-Lethal Response platform through an exclusive Panama partnership and initial purchase order. It follows prior expansion steps in India and new training infrastructure in the U.S. Investors may watch for follow-on orders, broader Latin American adoption, and how the existing registration of 5,000,000 resale shares interacts with future demand for the stock.
Key Terms
non-lethal response technical
counter-uas technical
c-uas technical
body-worn camera technical
AI-generated analysis. Not financial advice.
Initial order includes drone platform and additional Non-Lethal Response technologies including BolaWrap devices to support modern public safety operations in Panama
MIAMI, March 05, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in Non-Lethal Response (“NLR”) and public safety technology, today announced its expansion into Panama through an exclusive territory partnership with Servicios Tácticos de Seguridad S.A. (“STS”), a regional security integration and consulting firm serving Central America and the Caribbean.
Under the agreement, STS is expected to represent Wrap’s integrated platform of public safety technologies in Panama, including the BolaWrap® 150 remote restraint device, the DFR-X™ drone-based non-lethal response platform, Merlin-1™ Counter-UAS (“C-UAS”) drone systems, WrapVision™ body-worn camera solutions, and the WrapReality™ virtual reality training platform. The collaboration introduces a comprehensive ecosystem of operational tools, immersive training capabilities, and advanced technologies designed to support modern security operations across law enforcement, national security, and critical infrastructure sectors.
STS brings extensive experience in technology deployment, security integration, and tactical training throughout the region, with particular expertise supporting ports, border security operations, and national security environments. Through this partnership, Wrap and STS plan to work together to demonstrate the operational value of Wrap’s NLR platform and integrated training systems to public safety stakeholders across Panama.
Regional Security Integration Partner
As part of the agreement, STS is expected to serve as Wrap’s exclusive commercial partner within Panama, responsible for representing Wrap’s solutions, coordinating product demonstrations, and supporting customer onboarding and training initiatives.
The partnership also includes the introduction of Wrap’s NLR technologies into the Panamanian market, including both ground-based and aerial response capabilities designed to support modern public safety and security operations.
The agreement further grants STS the ability to procure Wrap products and services for distribution within Panama, which provides the opportunity to create a scalable pathway for introducing the Company’s broader NLR technology platform across the country. STS intends to maintain inventory and secure storage of Wrap products at its facilities and to resell products within the approved territory exclusively to authorized and lawful end users, in compliance with applicable U.S. export regulations.
Strategic Market Entry in Panama
Panama may represent a strategically important market to Wrap due to its role as a regional logistics and maritime hub, home to major international shipping infrastructure, ports, and national security operations. Security stakeholders across the country have increasingly shown a need for integrated solutions that combine advanced technology, training, and operational readiness to address evolving public safety and security challenges.
To support the introduction of Wrap’s technology platform, Wrap and STS plan to conduct product demonstrations and operational training sessions for prospective customers. A preliminary visit to Panama is targeted for Q2, during which Wrap and STS representatives intend to meet with law enforcement leadership, national security officials, and procurement stakeholders to showcase the capabilities of Wrap’s solutions.
These engagements are expected to include demonstrations of Wrap’s NLR technologies, immersive training systems, and advanced drone-based platforms designed to support surveillance, incident response, and counter-drone security operations.
Expanding Wrap’s Global Presence
The partnership with STS represents a strategic step in Wrap’s international growth strategy, expanding the Company’s footprint in Latin America and strengthening its ability to deliver integrated public safety solutions in emerging markets. By partnering with experienced regional integrators, Wrap aims to accelerate adoption of its NLR technologies while ensuring agencies receive the training, policy alignment, and operational support required for successful deployment.
Through this collaboration, Wrap and STS intend to support public safety organizations with an integrated approach that combines advanced equipment, immersive training, and operational support frameworks designed to strengthen preparedness and improve response outcomes.
About Wrap Technologies, Inc.
Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.
Wrap's complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution leads in pre-escalation intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.
WrapReality™ VR is a fully immersive training simulator to enhance decision-making under pressure.
As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high-stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.
WrapVision is an all-new body-worn camera and evidence management system built for efficiency.
Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.
The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.
Trademark Information
Wrap, the Wrap logo, BolaWrap®, WrapReality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.
Cautionary Note on Forward-Looking Statements - Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the expected benefits and performance of the agreement with Servicios Tacticos de Seguridad S.A., Wrap's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.
Investor Relations Contact:
(800) 583-2652
FAQ
What did WRAP announce about its Panama expansion on March 5, 2026?
What products will WRAP supply to Panama through STS under the WRAP–STS agreement?
Does the WRAP agreement give STS exclusive rights in Panama and what does that include?
When will WRAP and STS begin demonstrations and meetings with Panamanian authorities?
How does the Panama partnership fit WRAP’s international growth strategy?
Will STS comply with export and end‑user restrictions when distributing WRAP products?
