Wrap Taps Former EXIM Bank Executive Stephen M. Renna to Spearhead International Growth and Financing Strategy
Wrap Technologies (NASDAQ: WRAP) has appointed Stephen M. Renna as Strategic Advisor to spearhead international growth and financing strategy. Renna, former Chief Banking Officer at U.S. Export-Import Bank (EXIM), brings over 35 years of executive experience and will focus on expanding Made-in-USA exports through government resources.
At EXIM, Renna managed a $50 billion portfolio and $40 billion pipeline. His previous role as Head of The Advocacy Center at U.S. Department of Commerce resulted in wins on over 200 projects valued at $147 billion. At Wrap, he will leverage programs like EXIM Bank and Department of Defense Office of Strategic Capital to expand the company's international reach for BolaWrap and Managed Safety and Response (MSR) services.
The appointment aligns with the China and Transformational Exports Program (CTEP), aiming to counter Chinese influence in emerging markets through competitive financing in strategic sectors including public safety, AI, and communications.
Wrap Technologies (NASDAQ: WRAP) ha nominato Stephen M. Renna come Consigliere Strategico per guidare la crescita internazionale e la strategia di finanziamento. Renna, ex Chief Banking Officer della U.S. Export-Import Bank (EXIM), porta con sé oltre 35 anni di esperienza dirigenziale e si concentrerà sull'espansione delle esportazioni Made-in-USA attraverso risorse governative.
Presso EXIM, Renna ha gestito un portafoglio di 50 miliardi di dollari e un pipeline di 40 miliardi di dollari. Nel suo ruolo precedente come Capo del Centro di Advocacy presso il Dipartimento del Commercio degli Stati Uniti, ha ottenuto successi in oltre 200 progetti per un valore di 147 miliardi di dollari. In Wrap, sfrutterà programmi come EXIM Bank e l'Ufficio di Capitale Strategico del Dipartimento della Difesa per ampliare la portata internazionale dell'azienda per i servizi di BolaWrap e Managed Safety and Response (MSR).
La nomina si allinea con il Programma Cina e Esportazioni Trasformazionali (CTEP), volto a contrastare l'influenza cinese nei mercati emergenti attraverso finanziamenti competitivi in settori strategici tra cui la sicurezza pubblica, l'IA e le comunicazioni.
Wrap Technologies (NASDAQ: WRAP) ha nombrado a Stephen M. Renna como Asesor Estratégico para liderar la estrategia de crecimiento internacional y financiamiento. Renna, ex Director de Banca de la U.S. Export-Import Bank (EXIM), aporta más de 35 años de experiencia ejecutiva y se enfocará en expandir las exportaciones Made-in-USA a través de recursos gubernamentales.
En EXIM, Renna gestionó un portafolio de 50 mil millones de dólares y un pipeline de 40 mil millones de dólares. En su rol anterior como Jefe del Centro de Defensa en el Departamento de Comercio de EE. UU., logró éxitos en más de 200 proyectos valorados en 147 mil millones de dólares. En Wrap, aprovechará programas como EXIM Bank y la Oficina de Capital Estratégico del Departamento de Defensa para expandir el alcance internacional de la empresa para los servicios de BolaWrap y Managed Safety and Response (MSR).
El nombramiento se alinea con el Programa de China y Exportaciones Transformacionales (CTEP), que tiene como objetivo contrarrestar la influencia china en los mercados emergentes a través de financiamiento competitivo en sectores estratégicos que incluyen la seguridad pública, la IA y las comunicaciones.
랩 테크놀로지스 (NASDAQ: WRAP)는 스티븐 M. 레나를 전략 고문으로 임명하여 국제 성장 및 자금 조달 전략을 이끌게 하였습니다. 레나는 미국 수출입은행(EXIM)의 전 은행 최고 책임자로 35년 이상의 경영 경험을 보유하고 있으며, 정부 자원을 통해 미국산 수출 확대에 집중할 것입니다.
EXIM에서 레나는 500억 달러 규모의 포트폴리오와 400억 달러 규모의 파이프라인을 관리했습니다. 미국 상무부의 옹호 센터 수장으로서의 이전 역할에서는 1470억 달러 규모의 200개 이상의 프로젝트에서 성과를 거두었습니다. Wrap에서는 EXIM 은행 및 국방부 전략 자본 사무소와 같은 프로그램을 활용하여 BolaWrap 및 관리 안전 및 대응(MSR) 서비스의 국제적 범위를 확장할 것입니다.
이번 임명은 중국 및 변혁적 수출 프로그램(CTEP)과 일치하며, 이는 공공 안전, 인공지능(AI), 통신 등 전략적 분야에서 경쟁력 있는 자금을 통해 신흥 시장에서의 중국의 영향을 반대하는 것을 목표로 하고 있습니다.
Wrap Technologies (NASDAQ: WRAP) a nommé Stephen M. Renna comme Conseiller Stratégique pour diriger la croissance internationale et la stratégie de financement. Renna, ancien Directeur Bancaire à la U.S. Export-Import Bank (EXIM), apporte plus de 35 ans d'expérience exécutive et se concentrera sur l'expansion des exportations Made-in-USA grâce aux ressources gouvernementales.
Chez EXIM, Renna a géré un portefeuille de 50 milliards de dollars et un pipeline de 40 milliards de dollars. Son rôle précédent en tant que Responsable du Centre de Plaidoyer au Département du Commerce des États-Unis a abouti à des succès sur plus de 200 projets d'une valeur de 147 milliards de dollars. Chez Wrap, il tirera parti de programmes comme la EXIM Bank et le Bureau de Capital Stratégique du Département de la Défense pour étendre la portée internationale de l'entreprise pour les services de BolaWrap et de Gestion de la Sécurité et de la Réponse (MSR).
La nomination s'inscrit dans le cadre du Programme Chine et Exportations Transformationnelles (CTEP), visant à contrer l'influence chinoise sur les marchés émergents par un financement compétitif dans des secteurs stratégiques tels que la sécurité publique, l'IA et les communications.
Wrap Technologies (NASDAQ: WRAP) hat Stephen M. Renna zum Strategischen Berater ernannt, um das internationale Wachstum und die Finanzierungsstrategie voranzutreiben. Renna, ehemaliger Chief Banking Officer der U.S. Export-Import Bank (EXIM), bringt über 35 Jahre Führungserfahrung mit und wird sich darauf konzentrieren, Made-in-USA-Exporte durch staatliche Ressourcen auszubauen.
Bei EXIM verwaltete Renna ein Portfolio von 50 Milliarden Dollar und eine Pipelines von 40 Milliarden Dollar. In seiner vorherigen Rolle als Leiter des Advocacy Centers im U.S. Department of Commerce erzielte er Erfolge bei über 200 Projekten im Wert von 147 Milliarden Dollar. Bei Wrap wird er Programme wie die EXIM Bank und das Büro für strategisches Kapital des Verteidigungsministeriums nutzen, um die internationale Reichweite des Unternehmens für BolaWrap und Managed Safety and Response (MSR) Dienstleistungen auszubauen.
Die Ernennung steht im Einklang mit dem China- und Transformational Exports Program (CTEP), das darauf abzielt, den Einfluss Chinas in Schwellenländern durch wettbewerbsfähige Finanzierung in strategischen Sektoren wie öffentliche Sicherheit, KI und Kommunikation zu bekämpfen.
- Strategic hire of former EXIM Bank executive with proven track record managing $50B portfolio
- Strong international interest with multiple potential purchases in final stages
- Access to significant government financing programs for international expansion
- Alignment with U.S. government strategic initiatives through CTEP program
- None.
Focus on Exporting "Made in USA" Public Safety Services, Counter China Initiatives and financing strategies through the U.S. EXIM Bank and the DOD Office of Strategic Capital
MIAMI, March 25, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”), a global leader in innovative public safety technologies and non-lethal tools, today announced the appointment of Stephen M. Renna as a Strategic Advisor to the Company. Mr. Renna brings more than 35 years of executive experience in both public and private sectors and will focus on international expansion, with an emphasis on Made-in-USA exports and financing strategies through U.S. government resources.
A seasoned expert at the intersection of business and government, Mr. Renna served as Chief Banking Officer at the U.S. Export-Import Bank (EXIM), where he led the execution of trade financing solutions in support of U.S. exporters, managing a
“Steve’s appointment underscores our commitment to transforming how U.S. safety technologies are deployed worldwide,” said Jared Novick, President of Wrap. “We believe that his unmatched expertise in federal finance and international deal-making will not only increase our competitiveness globally—but also allow us to create a strategic advantage for U.S.-made public safety solutions.”
“We have had strong international interest, with many potential purchases, in the final stages,” said Scot Cohen, Chief Executive Officer and Executive Chairman of Wrap. “We believe offering financial solutions will help deepen our value proposition in a way that also aligns with U.S. strategic interests.”
Mr. Renna’s career includes leadership roles that positioned American companies to win global contracts against foreign state-backed competitors. As Head of The Advocacy Center at the U.S. Department of Commerce, he helped coordinate government support for U.S. firms bidding on international government contracts—facilitating wins on more than 200 projects totaling over
Made in USA Products and Services
The Company believes Mr. Renna’s insights will be instrumental in aligning Wrap’s mission with critical U.S. government initiatives, including the China and Transformational Exports Program (CTEP), which offers competitive financing for key strategic sectors—such as public safety, AI, and communications—to help counter growing Chinese influence in emerging markets.
“We believe Wrap is uniquely positioned to advance American leadership in public safety innovation,” said Mr. Renna. “I am excited to help extend Wrap’s impact by unlocking financing tools that enable U.S. technologies to compete—and win—on the global stage.”
Mr. Renna currently serves as Principal at Federal Agency Finance Advisors, LLC, where he advises companies on accessing financing from federal agencies including EXIM, DOE, and the DoD. He previously led the federal agency practice at Ankura’s Global Strategic Advisory Group and served as Chief Executive Officer of the Commercial Real Estate Finance Council.
He holds a Juris Doctor degree from the Catholic University of America Columbus School of Law and a Bachelor of Arts degree with honors from Fairfield University.
About Wrap Technologies, Inc.
Wrap Technologies, Inc. (Nasdaq: WRAP) is a global leader in public safety solutions, bringing together cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.
Wrap’s BolaWrap® solution is a safer way to gain compliance—without pain.
This innovative, patented device deploys light, sound, and a Kevlar® tether to safely restrain individuals from a distance, giving officers critical time and space to manage non-compliant situations before resorting to higher-force options. The BolaWrap 150 does not shoot, strike, shock, or incapacitate—instead, it helps officers operate lower 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.
Wrap Reality™ 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, Wrap Reality™ equips officers with the skills and confidence to navigate high stakes encounters effectively, leading to safer outcomes for both responders and the communities they serve.
Wrap Intrensic is an advanced 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, Intrensic seamlessly captures, stores, and manages digital evidence, ensuring integrity and full chain-of-custody compliance. With automated workflows, secure cloud storage, and intuitive case management tools, it streamlines operations, reduces administrative burden, and enhances courtroom credibility.
Trademark Information Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ 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. 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 expected benefits of the acquisition of W1 Global, LLC, 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 business impact of health crises or outbreaks of disease, such as epidemics or pandemics; 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/67eef813-7ed2-4fff-8a52-90422bb56c55
This press release was published by a CLEAR® Verified individual.
Investor Relations Contact: (800) 583-2652 ir@wrap.com
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