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.
Wrap Technologies, Inc. (Nasdaq: WRAP) generates news centered on non-lethal public safety technology, law enforcement adoption, and the evolution of its integrated product ecosystem. As a manufacturer of the BolaWrap 150 non-lethal restraint device, WrapReality immersive VR training, WrapVision body-worn camera and evidence management system, WrapTactics training programs, and CUAS platforms like PAN-DA, MERLIN-Interdictor, and the 1KC Kinetic Anti-Drone Cassette, the company’s announcements often highlight how these offerings are being deployed and expanded.
Investors and public safety professionals following WRAP news will see regular updates on agency deployments and training programs. Recent releases describe Glenwood Springs Police Department, Alliance Police Department, and Rio Grande City Police Department integrating BolaWrap 150 into structured non-lethal response frameworks that combine equipment, policy, and recurring training. These stories provide insight into how agencies position BolaWrap as an early intervention option within their use-of-force policies, especially in encounters involving behavioral-health crises and non-compliant but non-violent individuals.
Wrap also issues news about product development and intellectual property, such as filings for next-generation, shoulder-mounted multi-shot non-lethal response platforms with optional directional sound, high-intensity light, advanced sighting, and selectable engagement modes. Other coverage includes milestones in counter-UAS development, like air-to-air interdiction tests using MERLIN-Interdictor payloads on drone platforms, and partnerships with manufacturing and policy organizations such as K-Form and LETAC.
Financial and corporate governance updates appear through earnings releases and SEC-related announcements, including revenue trends, subscription growth tied to programs like WrapReady and WrapPlus, and capital structure decisions involving preferred stock and warrants. For a consolidated view of these developments, the WRAP news page offers a chronological feed of company press releases and related disclosures that reflect Wrap’s focus on non-lethal response, training, evidence management, and modern defense applications.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.