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Wrap Technologies Inc - WRAP STOCK NEWS

Welcome to our dedicated page for Wrap Technologies news (Ticker: WRAP), a resource for investors and traders seeking the latest updates and insights on Wrap Technologies stock.

Company Overview

Wrap Technologies Inc is a specialized provider of advanced public safety solutions, designed explicitly for law enforcement and security agencies. Harnessing cutting-edge technology, Wrap Technologies addresses modern challenges in public safety by integrating smart devices with comprehensive training systems. Utilizing industry-specific innovations such as remote restraint technology, VR training platforms, and AI-powered evidence management, the company positions itself as a critical enabler of safer and more efficient policing.

Founded with a commitment to a no-harm principle, Wrap Technologies focuses on developing solutions that reinforce community trust while empowering law enforcement officers in high-stress situations. The company’s core objective is to provide tools that not only protect officers but also ensure minimal harm during confrontations. Through innovative products and services, Wrap serves a diverse client base across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, addressing the varied needs of modern public safety operations.

Product Portfolio and Innovative Solutions

At the heart of Wrap Technologies' lineup is the patented BolaWrap remote restraint device. Engineered as a hand-held tool, this device discharges a Kevlar cord that safely restrains noncompliant individuals from a distance, typically ranging between 10 to 25 feet. This technology is built on the fundamental concept of de-escalation and early intervention, ensuring that potentially volatile situations are managed with minimal physical contact and reduced chances of injury. The BolaWrap product is supported by comprehensive training programs certified by recognized bodies, ensuring law enforcement agencies gain the necessary proficiency to deploy the tool effectively.

Complementing the BolaWrap is the Wrap Reality training system, a fully immersive virtual reality-based platform that equips first responders with realistic scenario-driven training. This VR system addresses various public safety challenges, offering simulations that cover de-escalation, crisis intervention, and tactical response operations. Through robust training solutions, Wrap Technologies helps agencies build critical skills, ensuring that strategies for conflict resolution and safe restraint are practiced consistently.

Another integral component is the Intrensic solution, which includes body worn cameras and comprehensive digital evidence management systems. This solution captures, securely stores, and systematically manages key footage and evidence, creating an environment of transparency and accountability within law enforcement operations. With the integration of AI auto-tagging capabilities, WrapAI automatically categorizes and analyzes video content, reducing manual efforts and streamlining compliance with evidence retention policies.

Technology Integration and Industry Expertise

Wrap Technologies stands out by merging proven hardware with state-of-the-art software solutions. The company’s emphasis on technological innovation has led to the integration of AI, machine learning, and virtual reality into their product suite. The use of AI auto-tagging in WrapAI represents a significant leap forward in managing vast amounts of video data efficiently. This system leverages machine-learning algorithms to identify and label key elements within video footage, ensuring accuracy and consistency in evidence management.

Moreover, the company’s solutions are designed with an acute awareness of the operational demands in modern law enforcement. By incorporating real-time data analysis, secure cloud-based storage, and robust evidence tracking, Wrap Technologies not only enhances the immediate functionality of its devices but also contributes to broader systemic improvements in public safety management.

Global Reach and Market Position

Operating on a global scale, Wrap Technologies has successfully deployed its technologies to law enforcement partners in over 60 countries. The company’s strategic partnerships and distribution agreements, such as those with key regional players in the Asia-Pacific market, underline its commitment to extending its reach while upholding rigorous standards of training and operational integrity. This wide geographic reach, combined with a deep understanding of regional public safety challenges, positions Wrap as a pivotal player in the international market.

Furthermore, the company’s ability to adapt its product offerings to meet localized needs has solidified its reputation for reliability and effectiveness. Whether through the deployment of remote restraint solutions or the integration of immersive VR training modules, Wrap Technologies remains responsive to the evolving demands of law enforcement agencies worldwide.

Commitment to Safety, Training, and Operational Excellence

Wrap Technologies is deeply committed to ensuring that its innovations translate into practical, life-saving applications in the field. The extensive training programs associated with the company’s products, particularly the BolaWrap and Wrap Reality systems, are designed not only to enhance officer safety but also to promote community-focused policing. Certified by reputable law enforcement training organizations, these programs have been adopted by hundreds of agencies globally, underscoring the company's capability to deliver complex operational training in an accessible, immersive format.

Through rigorous scenario-based training, officers learn to de-escalate potentially dangerous encounters and apply tactical restraint techniques effectively. Such training is essential, especially given contemporary demands on law enforcement to manage public engagements with heightened sensitivity and accountability. By providing real-life scenario training in a controlled virtual environment, Wrap Technologies supports law enforcement agencies in refining skills that are critical for ensuring both officer and public safety.

Comprehensive Solutions for Modern Public Safety Challenges

The multi-dimensional approach of Wrap Technologies is evident in its holistic product suite. The company not only delivers hardware solutions such as the BolaWrap remote restraint device and body worn cameras but also augments these products with leading-edge software applications. The combination of physical tools with digital enhancements such as WrapAI demonstrates a comprehensive approach to public safety challenges. This strategy is designed to streamline operations and provide law enforcement with the technology necessary for effective, real-time decision-making in critical situations.

The company continuously refines its products based on extensive field data and direct feedback from law enforcement professionals. This commitment to iterative improvement ensures that each solution is rigorously tested and optimized for real-world performance, balancing innovation with practical reliability. The holistic integration of products and training modules reinforces Wrap Technologies' commitment to delivering solutions that not only disrupt conventional policing practices but also elevate the standard of safety and operational efficiency across the public safety landscape.

Industry Collaborations and Strategic Partnerships

Wrap Technologies has cultivated strong relationships with government bodies, law enforcement agencies, and regional distributors to ensure that its solutions are well-positioned in the market. By collaborating with expert agencies and aligning with established training certifiers, Wrap reinforces the credibility and efficacy of its product offerings. These partnerships are instrumental in validating the company’s technology from both an operational and regulatory perspective.

  • Collaborative Training Programs: Wrap partners with esteemed organizations to certify its training programs, ensuring that users achieve effective mastery of de-escalation techniques and device operation.
  • Global Distribution Networks: Through alliances in different regions, the company extends its reach and adapts its offerings to diverse market requirements.
  • Innovative Research and Feedback Loops: Wrap continually engages with law enforcement professionals to incorporate real-world operational feedback into its technological advancements.

Demonstrated Expertise and Commitment to Excellence

Wrap Technologies Inc. is not merely a product provider—it is a technology partner dedicated to enhancing public safety outcomes. The company’s expertise is evident in how it layers innovative design with exhaustive training and rigorous certification processes. By ensuring that every solution is backed by detailed operational protocols, Wrap demonstrates its deep understanding of the complexities inherent in modern law enforcement practices.

This commitment is further enhanced by its strategic focus on user-friendly design and real-world applicability. The effective synthesis of hardware and software in tools like BolaWrap and Wrap Reality is a testament to the company’s ability to deliver integrated, practical solutions that meet the stringent demands of public safety environments.

Operational Excellence and Evidence-Based Practices

Emphasizing data-driven insights, Wrap Technologies incorporates comprehensive evidence management systems into its portfolio. The Intrensic solution, with its secure and efficient management of digital evidence, reinforces a culture of transparency and accountability throughout the justice system. By facilitating the rapid capture, storage, and retrieval of evidence, the company empowers law enforcement agencies to construct stronger, evidence-based cases while maintaining integrity throughout the process.

Furthermore, the integration of AI-enabled features within the WrapAI suite places Wrap at the forefront of technological innovation in public safety. The auto-tagging functionality exemplifies how advanced analytics can minimize human error and accelerate the investigative process, ensuring that law enforcement can focus on critical decision-making rather than administrative burdens.

Conclusion

In summary, Wrap Technologies Inc has established itself as a comprehensive provider of public safety solutions that blend advanced technological innovation with practical, field-tested applications. By offering an integrated suite of products—from the BolaWrap remote restraint device to immersive VR training systems and secure evidence management tools—the company addresses the multifaceted challenges faced by modern law enforcement. Its commitment to certification, extensive global partnerships, and continuous improvement through user feedback all contribute to an operational model that prioritizes safety, efficiency, and accountability. With an unwavering focus on empowering the professionals who protect our communities, Wrap Technologies continues to redefine public safety standards through practical innovations and rigorous training, ensuring that law enforcement agencies are equipped with the best tools to manage critical situations with precision and care.

Rhea-AI Summary

Wrap Technologies (Nasdaq: WRAP) announced that the Edenton Police Department in North Carolina has successfully integrated its Wrap Reality virtual reality training platform, hosting 10 local departments for demonstrations since its installation in November 2021. The platform aims to improve training efficiency and reduce use-of-force incidents. Following grant funding, Edenton will also expand its capabilities with the next-generation BolaWrap 150 device. Chief Henry King emphasizes the importance of these tools for officer and community safety.

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Wrap Technologies (Nasdaq: WRAP) showcased successful use of its BolaWrap Remote Restraint device in a police incident. On December 22, 2021, Glenwood Springs officers employed two BolaWrap devices to safely restrain a noncompliant subject, preventing escalation to physical confrontation. Chief Joseph Deras praised the BolaWrap for minimizing injury risks. The demonstration emphasizes BolaWrap's effectiveness in public safety, aligning with WRAP's mission to enhance community protection through innovative technologies.

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Wrap Technologies, Inc. (Nasdaq: WRAP) announced its first order for BolaWrap 150® Remote Restraint devices through the Arizona Municipal Risk Retention Pool (AMRRP), which will fund 50% of the purchase price. This order aims to equip over 1,800 police officers across 60 rural agencies in Arizona. The full deployment includes devices, cassettes, and holsters, expected to ship in Q1 2022. The company is optimistic about the order's potential to reduce excessive force claims and has received five additional requests for quotes from AMRRP members.

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Wrap Technologies, Inc. (Nasdaq: WRAP) announced that President and CEO Tom Smith will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 5:00 pm ET. The conference runs from January 10-14, 2022, and WRAP management will host one-on-one meetings on January 11 and 12. The company is recognized for its innovative public safety technologies, including the BolaWrap remote restraint device and the Wrap Reality training system, designed to aid public safety officials in effective de-escalation and apprehension methods.

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Wrap Technologies, Inc. (Nasdaq: WRAP) has announced the international sale of 15,000 cartridges for its BolaWrap 100® remote restraint device, demonstrating a growing commitment to less-lethal force in public safety. This order was received in late December 2021, with revenue expected to be recognized in Q4 2021 and Q1 2022. CEO Tom Smith emphasized the importance of effective training for officers to enhance their use-of-force programs. Wrap Technologies offers innovative solutions and training tools to empower law enforcement and improve community safety.

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Wrap Technologies, Inc. (Nasdaq: WRAP) announced the shipment of 100 BolaWrap 150 devices to the Dominican Republic Ministry of Defense, following previous successful demonstrations. The order reflects growing interest in international markets, despite ongoing pandemic challenges. The company aims to bolster law enforcement safety with its innovative restraint technology. The shipment occurred in Q4 2021, signaling continued progress in securing international contracts.

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Wrap Technologies, Inc. (Nasdaq: WRAP) has partnered with the Emergency Response Training & Certification Association (ERTCA) and Mansfield University Public Safety Training Institute to launch a Mobile Virtual Reality Experience (MVRE) for law enforcement training in Pennsylvania and New York. Starting in March 2022, the program will provide 36 credentialed VR training modules for free, with a focus on enhancing skills like de-escalation and conflict resolution. This initiative aims to empower first responders and improve community safety through innovative training methods.

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Wrap Technologies, Inc. (Nasdaq: WRAP) announced the first international shipment of its BolaWrap 150® remote restraint device on December 27, 2021. This shipment follows successful live demonstrations held in October 2021, highlighting the device's innovative features for public safety. Jags Gill, VP of International Sales, emphasized the growing demand for the technology despite international travel challenges. The BolaWrap 150 is designed to safely restrain individuals from a distance, marking a significant step in public safety technology.

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Wrap Technologies, Inc. (Nasdaq: WRAP) announced that the Arizona Municipal Risk Retention Pool (AMRRP) has unanimously approved funding to help member police agencies procure BolaWrap devices, covering 50% of the purchase price. AMRRP represents over 60 agencies with over 1,800 police officers. The Board believes that BolaWrap's technology could reduce risks and liability in police operations. CEO Tom Smith highlighted the growing demand for alternative policing methods and improved training solutions, emphasizing WRAP's commitment to innovative public safety solutions.

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TEMPE, Ariz., Dec. 06, 2021 - Wrap Technologies, a leader in public safety technologies, announced its President and CEO, Tom Smith, will present at the Benzinga Global Small Cap Conference. The virtual event is scheduled for December 8-9, 2021, with Smith's presentation on December 9 at 11:55 am ET. WRAP management will also conduct one-on-one meetings until December 15. The conference focuses on small cap executives and features educational sessions on various industries. For more information, visit benzinga.com.

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FAQ

What is the current stock price of Wrap Technologies (WRAP)?

The current stock price of Wrap Technologies (WRAP) is $1.62 as of April 1, 2025.

What is the market cap of Wrap Technologies (WRAP)?

The market cap of Wrap Technologies (WRAP) is approximately 81.4M.

What does Wrap Technologies Inc specialize in?

Wrap Technologies Inc specializes in advanced public safety solutions for law enforcement, including remote restraint devices, VR training systems, and digital evidence management.

How does the BolaWrap device work?

The BolaWrap is a patented hand-held remote restraint device that safely deploys a Kevlar cord to restrain noncompliant individuals from a distance, facilitating early intervention and de-escalation.

What is Wrap Reality and how is it used?

Wrap Reality is an immersive virtual reality training platform designed to simulate real-life law enforcement scenarios, helping officers practice de-escalation, crisis intervention, and tactical operations.

How does Wrap Technologies integrate AI into its solutions?

Wrap Technologies integrates AI through its WrapAI suite, which includes auto-tagging functionality to automatically categorize and analyze video evidence, reducing manual tagging and enhancing data management efficiency.

What kind of training support does Wrap Technologies provide?

Wrap offers extensive training programs certified by established law enforcement bodies, ensuring that officers gain expert knowledge in using products like the BolaWrap and VR training systems for optimal operational performance.

In which global regions does Wrap Technologies operate?

Wrap Technologies operates globally, serving law enforcement agencies across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with strategic partnerships enhancing regional support.

How does Wrap ensure the reliability of its evidence management systems?

Through its Intrensic solution, Wrap provides a secure and efficient body worn camera system with comprehensive digital evidence management, ensuring transparency, proper storage, and effective evidence tracking.

What distinguishes Wrap Technologies from its competitors?

Wrap Technologies stands out due to its integrated approach that combines innovative hardware, immersive software training, and AI-powered evidence solutions, all underpinned by a no-harm operational philosophy and rigorous certification standards.
Wrap Technologies Inc

Nasdaq:WRAP

WRAP Rankings

WRAP Stock Data

81.43M
29.87M
30.73%
9.78%
11.03%
Scientific & Technical Instruments
Ordnance & Accessories, (no Vehicles/guided Missiles)
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United States
MIAMI