Wrap Secures Canada Drone DFR-X Pre-Order and NLR Inventory Order
Rhea-AI Summary
Wrap (NASDAQ: WRAP) announced on March 11, 2026 that Canadian distributor Professional Security Products Corporation (PSP Corp) placed an inventory purchase order and pre-order for the company’s DFR-X drone platform, along with BolaWrap devices and WrapVision body-worn cameras.
PSP Corp will hold local inventory in Canada to speed agency procurement, demonstrations, and evaluation programs, supporting broader adoption of Wrap’s Non-Lethal Response ecosystem across Canadian public safety organizations.
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Key Figures
Market Reality Check
Peers on Argus
Before this Canada distribution/order announcement, WRAP was down 1.25% over 24h while sector scanners flagged mixed moves: peers like MIND and MLAB were up, and FCUV and ACFN were down. Broader sector dynamics appear active but WRAP’s slight decline contrasts with some rising peers.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 10 | Training program launch | Positive | -1.3% | Master Trainer Instructor Program with WOFT to scale NLR training footprint. |
| Mar 05 | International order | Positive | -6.1% | Exclusive Panama partnership and DFR-X order to expand regional NLR reach. |
| Mar 02 | Test site partnership | Positive | +1.7% | Florida drone test and NLR training headquarters with WOFT for agencies. |
| Feb 26 | Manufacturing expansion | Positive | +3.7% | Expanded K-Form partnership to accelerate MERLIN-1 and DFR-X production. |
| Feb 25 | Market entry India | Positive | -5.3% | Strategic deal with Crystal Works for DFR-X, BolaWrap and VR training in India. |
Recent positive ecosystem and DFR-X expansion news has produced mixed reactions, with several distribution and partnership updates followed by single-day share price declines.
Over the last few weeks, WRAP has issued a series of Non-Lethal Response ecosystem updates. On Feb 25, it announced an expansion into India with DFR-X, BolaWrap and WrapReality, followed by a strengthened K-Form manufacturing partnership on Feb 26. Early March brought a Florida drone test and NLR training site and a Panama DFR-X order. A WOFT Master Trainer program was detailed on Mar 10. Today’s Canada-focused PSP Corp inventory purchase and DFR-X pre-order extend this international and training-centric rollout.
Regulatory & Risk Context
An effective shelf registration on Feb 9, 2026 covers 5,000,000 common shares for resale from a prior private placement, representing about 9.17% of the 54,501,638 shares outstanding as of Feb 6, 2026. The company notes potential dilution and stock overhang from these registered shares.
Market Pulse Summary
This announcement adds a Canadian distributor inventory order and DFR-X drone platform pre-order to WRAP’s recent series of Non-Lethal Response ecosystem expansions in India, Panama and Florida. It reinforces a strategy built on regional partners, training and drone-enabled capabilities. At the same time, investors must weigh the impact of 5,000,000 registered resale shares, equal to about 9.17% of prior outstanding, which the company itself highlights as a potential overhang.
AI-generated analysis. Not financial advice.
Canadian distributor strengthens access to Non-Lethal Response ecosystem for agencies across Canada
MIAMI, March 11, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in Non-Lethal Response (“NLR”) solutions and public safety technology, today announced that Professional Security Products Corporation (“PSP Corp”), a distribution partner in Canada, has placed an inventory purchase order supporting the continued expansion of Wrap’s NLR ecosystem across the Canadian public safety market.
The order includes BolaWrap® devices, WrapVision™ body-worn camera systems, and a pre-order for Wrap’s Drone First Responder Interdiction (“DFR-X”) drone platform, positioning PSP Corp. to support increasing demand for non-lethal solutions among Canadian law enforcement agencies and public safety organizations. Wrap’s NLR ecosystem is designed to provide law enforcement agencies with tools and training that help resolve encounters safely while reducing the need for higher levels of force. The DFR-X drone system is designed to extend the operational reach of non-lethal capabilities for public safety personnel.
PSP Corp. will hold inventory locally in Canada, to support faster product availability for agencies and support PSP Corp.’s network of regional sub-distributors and reseller partners. By maintaining in-country inventory, PSP Corp. is positioned to accelerate agency procurement timelines, streamline product demonstrations, and facilitate evaluation programs for departments exploring Wrap’s NLR solutions.
Interest in aerial deployment solutions continues to grow as some agencies explore ways to integrate drone technology into de-escalation strategies, situational awareness, and remote response capabilities. Wrap’s DFR-X platform is designed to support these evolving operational models by enabling the potential deployment of non-lethal payloads from an aerial platform as part of a broader public safety response framework.
“Global demand for Non-Lethal Response technologies continues to expand as agencies look for effective tools that prioritize safety, de-escalation, and operational flexibility,” said Scot Cohen, CEO and Chairman of Wrap. “PSP Corp. has been a distribution partner for a number of years, and we believe their decision to hold inventory and pre-order the DFR-X platform demonstrates growing momentum for our NLR ecosystem across international markets.”
Headquartered in Montreal, PSP Corp. has supplied tactical equipment and safety solutions to Canadian law enforcement, hospitals, private security, corrections, military, and public safety organizations for decades. Through its established distribution network, the company provides agencies across Canada with access to a wide range of operational equipment and technology solutions.
Wrap continues to pursue international growth opportunities as agencies around the world increasingly adopt non-lethal technologies and training designed to enhance officer safety, reduce use-of-force incidents, and improve operational outcomes. Relationships with established regional distributors such as PSP Corp. may play an important role in the Company’s goal of expanding the its global footprint and enabling agencies to access Wrap’s NLR ecosystem. Wrap and PSP Corp. are expected to continue working together to support demonstrations, agency evaluations, and deployment opportunities for Wrap’s technologies throughout Canada.
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 PSP Corp., Wrap's planned future products, technologies, integration, intended product designs and expected benefits therefrom, and 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
ir@wrap.com
FAQ
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