Wrap Unveils Managed Safety and Response (MSR) Connected Ecosystem in Virginia
Wrap Technologies (NASDAQ: WRAP) has launched its Managed Safety and Response (MSR) Connected Ecosystem in Virginia, introducing an integrated approach to law enforcement training and safety solutions. The initiative, supported by Governor Glenn Youngkin, positions Virginia as an early adopter of next-generation policing solutions.
The MSR Connected Ecosystem features several key components:
- TAA-compliant, non-Chinese body cameras
- AI-powered reporting system for incident documentation
- Drone as First Responder (DFR) program
- Advanced defensive tactics training
- Connected training with in-person instruction
- Comprehensive VR training expansion
The system aims to consolidate fragmented technologies into a cohesive solution, addressing agencies' challenges in adopting new technologies and ensuring proper training integration. The initiative follows Wrap's facility relocation to Southwest Virginia, demonstrating the company's commitment to enhancing public safety through innovative technology solutions.
Wrap Technologies (NASDAQ: WRAP) ha lanciato il suo Ecosistema Connesso di Sicurezza e Risposta (MSR) in Virginia, introducendo un approccio integrato alla formazione delle forze dell'ordine e alle soluzioni di sicurezza. L'iniziativa, sostenuta dal Governatore Glenn Youngkin, posiziona la Virginia come un pioniere nell'adozione di soluzioni di polizia di nuova generazione.
L'Ecosistema Connesso MSR comprende diversi componenti chiave:
- Telecamere corporee conformi TAA, non cinesi
- Un sistema di reporting alimentato da IA per la documentazione degli incidenti
- Programma Droni come Primo Rispondente (DFR)
- Formazione avanzata in tattiche difensive
- Formazione connessa con istruzione in presenza
- Espansione della formazione VR completa
Il sistema mira a consolidare tecnologie frammentate in una soluzione coesa, affrontando le sfide delle agenzie nell'adozione di nuove tecnologie e garantendo una corretta integrazione della formazione. L'iniziativa segue il trasferimento della sede di Wrap nel sud-ovest della Virginia, dimostrando l'impegno dell'azienda a migliorare la sicurezza pubblica attraverso soluzioni tecnologiche innovative.
Wrap Technologies (NASDAQ: WRAP) ha lanzado su Ecosistema Conectado de Seguridad y Respuesta (MSR) en Virginia, introduciendo un enfoque integrado para la capacitación de las fuerzas del orden y las soluciones de seguridad. La iniciativa, respaldada por el Gobernador Glenn Youngkin, posiciona a Virginia como un pionero en la adopción de soluciones policiales de nueva generación.
El Ecosistema Conectado MSR presenta varios componentes clave:
- Cámaras corporales conforme a TAA, no chinas
- Sistema de informes impulsado por IA para la documentación de incidentes
- Programa de Drones como Primer Respondedor (DFR)
- Capacitación avanzada en tácticas defensivas
- Formación conectada con instrucción presencial
- Expansión integral de la capacitación en VR
El sistema tiene como objetivo consolidar tecnologías fragmentadas en una solución cohesiva, abordando los desafíos que enfrentan las agencias en la adopción de nuevas tecnologías y asegurando una adecuada integración de la capacitación. La iniciativa sigue a la reubicación de la instalación de Wrap en el suroeste de Virginia, demostrando el compromiso de la empresa con la mejora de la seguridad pública a través de soluciones tecnológicas innovadoras.
랩 테크놀로지스 (NASDAQ: WRAP)가 버지니아에서 관리형 안전 및 대응(MSR) 연결 생태계를 출시하여 법 집행 교육 및 안전 솔루션에 대한 통합 접근 방식을 도입했습니다. 글렌 영킨 주지사가 지원하는 이 이니셔티브는 버지니아를 차세대 경찰 솔루션의 초기 채택자로 자리매김하고 있습니다.
MSR 연결 생태계는 여러 주요 구성 요소를 특징으로 합니다:
- TAA 준수, 비중국산 바디 카메라
- 사고 문서를 위한 AI 기반 보고 시스템
- 드론을 첫 번째 응답자로 하는 프로그램 (DFR)
- 고급 방어 전술 교육
- 대면 교육이 포함된 연결된 교육
- 종합 VR 교육 확장
이 시스템은 단편화된 기술을 통합된 솔루션으로 통합하여 새로운 기술을 채택하는 데 있어 기관의 도전 과제를 해결하고 적절한 교육 통합을 보장하는 것을 목표로 합니다. 이 이니셔티브는 랩의 시설이 버지니아 남서부로 이전한 후에 이루어지며, 혁신적인 기술 솔루션을 통해 공공 안전을 향상시키려는 회사의 의지를 보여줍니다.
Wrap Technologies (NASDAQ: WRAP) a lancé son Écosystème Connecté de Sécurité et de Réponse (MSR) en Virginie, introduisant une approche intégrée pour la formation des forces de l'ordre et les solutions de sécurité. L'initiative, soutenue par le Gouverneur Glenn Youngkin, positionne la Virginie en tant que précurseur dans l'adoption de solutions policières de nouvelle génération.
L'Écosystème Connecté MSR comprend plusieurs composants clés :
- Caméras corporelles conformes aux normes TAA, non chinoises
- Système de rapport alimenté par IA pour la documentation des incidents
- Programme de Drone en tant que Premier Répondant (DFR)
- Formation avancée en tactiques défensives
- Formation connectée avec instruction en personne
- Expansion complète de la formation VR
Le système vise à consolider des technologies fragmentées en une solution cohérente, répondant aux défis auxquels les agences font face dans l'adoption de nouvelles technologies et assurant une intégration adéquate de la formation. L'initiative fait suite au déménagement de l'installation de Wrap dans le sud-ouest de la Virginie, démontrant l'engagement de l'entreprise à améliorer la sécurité publique grâce à des solutions technologiques innovantes.
Wrap Technologies (NASDAQ: WRAP) hat sein Managed Safety and Response (MSR) Connected Ecosystem in Virginia eingeführt und damit einen integrierten Ansatz für die Schulung der Strafverfolgungsbehörden und Sicherheitslösungen geschaffen. Die Initiative, unterstützt von Gouverneur Glenn Youngkin, positioniert Virginia als Vorreiter bei der Einführung von Polizeilösungen der nächsten Generation.
Das MSR Connected Ecosystem umfasst mehrere Schlüsselfunktionen:
- TAA-konforme, nicht-chinesische Körperkameras
- KI-gestütztes Berichtssystem zur Dokumentation von Vorfällen
- Drohne als erster Einsatz (DFR) Programm
- Fortgeschrittene defensive Taktikschulung
- Verbundene Schulung mit persönlicher Anleitung
- Umfassende VR-Schulungserweiterung
Das System zielt darauf ab, fragmentierte Technologien in eine kohärente Lösung zu konsolidieren, um die Herausforderungen der Behörden bei der Einführung neuer Technologien zu bewältigen und eine angemessene Integration der Schulung sicherzustellen. Die Initiative folgt dem Umzug von Wraps Einrichtung in den Südwesten Virginias und zeigt das Engagement des Unternehmens, die öffentliche Sicherheit durch innovative Technologielösungen zu verbessern.
- Launch of comprehensive MSR Connected Ecosystem integrating multiple revenue streams
- Strategic expansion into Virginia market with government support
- Development of TAA-compliant body camera supply chain
- Integration of AI technology for automated reporting systems
- Introduction of drone program expanding product portfolio
- None.
Insights
The launch of Wrap's MSR Connected Ecosystem represents a transformative business model pivot that could significantly impact the company's market position and financial trajectory. This strategic evolution from a single-product focus (BolaWrap) to an integrated managed services provider addresses several critical market opportunities:
The TAA-compliant, non-Chinese supply chain for body cameras positions Wrap advantageously amid growing concerns about foreign technology in law enforcement equipment. This timing is particularly strategic as agencies face increasing pressure to transition away from market-leading Chinese-made alternatives, potentially opening up a substantial market opportunity in the $1.6 billion body camera segment.
The AI-powered reporting system integration represents a important value proposition by addressing one of law enforcement's most resource-intensive challenges - administrative documentation. By automating report generation from body camera audio, this solution could significantly reduce operational costs for agencies while improving accuracy and compliance.
The managed services approach through the MSR Connected Ecosystem introduces a potential recurring revenue model, marking a significant shift from traditional one-time hardware sales. This transformation could lead to more predictable revenue streams and higher customer lifetime value through ongoing training, support, and technology integration services.
Governor Youngkin's support and the Virginia launch provide a strategic proving ground for the ecosystem approach. Success in Virginia could serve as a blueprint for expansion into other states, particularly those seeking to modernize their law enforcement technology infrastructure while maintaining domestic supply chains.
However, this ambitious transformation carries execution risks and significant capital requirements. The company will need to demonstrate effective scaling of its professional services capabilities while maintaining quality across multiple technology platforms. The success of this pivot will largely depend on Wrap's ability to:
- Successfully integrate and manage multiple technology solutions
- Build a scalable service delivery infrastructure
- Maintain competitive pricing while achieving profitable operations
- Effectively convert pilot programs into long-term contracts
Following Governor Youngkin’s November announcement, Early Adopter Program Launches in Virginia, Highly Anticipated Defense Tech Drones, Body Cameras, AI Integration and International Expansion to Follow
This news follows: Wrap Technologies Launches Go-Forward Strategy, Advancing End-to-End Public Safety and Defense Solutions with New Virginia Facility
NORTON, Va., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced the launch of its highly anticipated Managed Safety and Response (MSR) Connected Ecosystem in Virginia, with the aim of delivering a modern approach for law enforcement training, defensive tactics and real-time safety solutions. With past vocal support of Governor Glenn Youngkin and Virginia’s public safety institutions, Wrap hopes to establish the Commonwealth as a leader in next-generation policing solutions.
As early adopters, Virginia agencies will be the first to benefit from Wrap’s integrated approach, which combines enhanced training, automated support systems and a scalable ecosystem designed to seamlessly integrate follow-on technologies.
The Company is evolving to meet agency demand for integrated service delivery of disparate support technologies and embedded recurring training. This approach will see Wrap invest in a core group of world-class professional services leaders and then digitize value delivery through AI-powered workflows, ensuring exemplary customer satisfaction in its MSR service.
This announcement highlights Wrap’s strategic vision for the future of public safety, including:
- A TAA-compliant, NON-Chinese supply chain for body cameras, aiming to ensure secure and reliable technology for law enforcement agencies advancing a first-in-class Made in America supply chain.
- Newly Developed AI-powered reporting, leveraging body-worn camera audio to instantly generate high-quality, detailed incident reports—with the goal of reducing administrative workload and increasing accuracy.
- The upcoming launch of a Drone as First Responder (DFR) program, featuring advanced payloads that enhance situational awareness, rapid response, and officer safety.
- Advanced Defensive Tactics & Training – structured follow-on actions after BolaWrap deployment, aiming to ensure proper de-escalation techniques.
- Connected Training, including in-person officer instruction and an exclusive video training library designed to coach officers in BolaWrap de-escalation approaches that align with today’s modern safety standards.
- Comprehensive VR Training Expansion – all of our de-escalation scenarios are now included in Wrap’s immersive VR training system with opportunities for custom environment development.
Scot Cohen, Chief Executive Officer, stated: “We've listened to our customers. We heard their concerns and understood the challenges of adopting technologies due to complexity and lack of resources. Wrap is addressing this pain point by aiming to deliver a trusted, fully managed service that consolidates fragmented technologies into a cohesive solution. We believe our first-in-class MSR Connected Ecosystem simplifies adoption, reduces operational burden, and exceeds current market offerings thereby ensuring agencies have the tools, training, and support needed to enhance officer safety and effectiveness.”
Wrap is deeply committed to supporting law enforcement by delivering innovative, practical, and effective solutions that focus on officer safety, improving public trust, and streamlining operations. Wrap recognizes the challenges agencies face in adopting new technologies, integrating disparate tools, and ensuring officers receive the training and resources needed to operate effectively in the field.
Wrap’s MSR Connected Ecosystem is designed to bridge these gaps, which we believe provides a seamless, scalable, and intelligent platform that empowers officers to make better decisions, reduce risk, and enhance de-escalation efforts. By prioritizing trust, reliability, and continuous support, Wrap is dedicated to delivering cutting-edge solutions that truly serve those who protect and serve.
Governor Youngkin's support to relocate Wrap’s facility to Southwest Virginia indicates alignment for this expansion to leverage innovative technologies that enhance public safety. By integrating advanced solutions like the MSR Connected Ecosystem, the Commonwealth aims to set a new standard in law enforcement practices, ensuring safer communities for all Virginians.
The MSR Connected Ecosystem is designed to reduce cognitive load and simplify decision-making in critical moments, transforming the way officers operate in the field. Wrap is advancing law enforcement capabilities by delivering fully managed safety services alongside essential response tools like BolaWrap, ensuring officers have the support they need when it matters most.
To learn more about Wrap Technologies and the Managed Safety and Response Connected Ecosystem, visit www.Wrap.com.
About Wrap Technologies, Inc.
Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.
Wrap’s BolaWrap® solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wrap’s no-harm guiding principle to proactively deter escalation by deploying a Kevlar® tether that safely restrains individuals from a distance. Combined with BolaWrap® training, certified by the esteemed International Association of Directors of Law Enforcement Standards and Training (IADLEST), Wrap enables officers from over 1000 agencies across the U.S. and 60 countries around the world, with the expertise to effectively use BolaWrap® as an early intervention measure, mitigating potential risks and injuries, averting tragic outcomes, with the goal to save lives with each wrap.
Wrap Reality™, the Company’s advanced virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that equips first responders with the discipline and practice to prevent escalation, de-escalate conflicts, and apply appropriate tactical use-of-force measures to better perform in the field. By offering a growing range of real-life scenarios, Wrap Reality™ addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.
Wrap’s Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Intrensic’s efficient system streamlines the entire process seamlessly, empowering all public safety providers to focus on what matters, expediting justice with integrity.
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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 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.
Investor Relations Contact:
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FAQ
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