Wrap Technologies Inc Dossier
Qualitative Analysis
Business overview
Wrap Technologies, Inc. (NASDAQ: WRAP) is a global public safety technology company specializing in innovative, non-lethal response tools and services for law enforcement, corrections, and security personnel. The company's flagship product is the BolaWrap 150, a handheld remote restraint device that deploys a Kevlar tether to safely entangle non-compliant subjects from a distance of 10 to 25 feet without relying on pain compliance. In addition to hardware, Wrap offers WrapReality, an immersive 3D virtual reality training platform, WrapTactics, a subscription-based digital training platform, and WrapVision (powered by Wrap Intrensic), which provides body-worn cameras and digital evidence management solutions.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Transitioning from a single-device company to an integrated ecosystem combining tools, training, and tactics (WrapPlus, WrapTactics, and WrapReality).
Expected impact: Builds a predictable, higher-margin recurring revenue base through subscription-based digital and VR training.
Developing drone-enabled non-lethal intervention, remote restraint, and counter-UAS response systems (such as PAN-DA and Merlin platforms).
Expected impact: Addresses emerging counter-UAS and remote response challenges for law enforcement, homeland security, and defense markets.
Partnering with U.S.-based manufacturing and technology engineering firms to onshore production and ensure data integrity.
Expected impact: Ensures TAA compliance and eliminates foreign surveillance risks, positioning the portfolio for federal procurement (DoD, DHS).
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To enhance Wrap's Managed Safety and Response (MSR) Connected Ecosystem and extend its international reach by leveraging W1's global network of former law enforcement and intelligence professionals.
Financial impact: Contributed to the expansion of the Managed Safety and Response (MSR) Connected Ecosystem and professional services.
To add Body-Worn Camera and Digital Evidence Management solutions to Wrap's portfolio, creating a comprehensive public safety technology ecosystem.
Financial impact: Expanded the addressable market and established the foundation for the WrapVision platform.
Strategic Partnerships
Combines Wrap's NLR platform with Vector's expertise in unmanned tactical hardware and command systems to develop drone-enabled non-lethal and counter-UAS solutions.
Terms: Joint development and validation; specific financial terms not disclosed.
Establishes a Florida-based integrated drone testing and NLR training headquarters for counter-UAS validation, deployment testing, and instructor certification.
Terms: The partnership designates Wrap as lead partner for integrated solution determinations and provides for certain exclusivity protections from certain competitors during the term of the agreement.
Simplifies procurement and accelerates deployment of Wrap's solutions to public sector and government agencies through Carahsoft's extensive reseller network and contract vehicles.
Terms: Carahsoft serves as Master Government Aggregator; specific financial terms not disclosed.
Expands Wrap's supply chain and supports scalable, U.S.-based production of its non-lethal tools and future autonomous drone platforms.
Terms: Not disclosed.