Wrap Technologies partners with Le Sueur Police Department to implement BolaWrap® 150 devices and training for enhanced public safety.
Quiver AI Summary
Wrap Technologies, Inc. has announced a two-year partnership with the Le Sueur Police Department in Minnesota to implement the BolaWrap® 150 devices and WrapTactics™ training as part of their WrapReady program. This collaboration aims to minimize line-of-duty injuries, enhance use-of-force metrics, and reduce operational costs, while providing valuable data on the effectiveness of pre-escalation tools in policing. Le Sueur is recognized for its community engagement and aims to enhance safety for both officers and residents. Wrap Technologies emphasizes the importance of evidence-based practices in modern policing and believes this partnership will contribute to improved community trust and agency performance. The initiative reflects a growing trend among law enforcement agencies to adopt innovative, data-driven tools for safer policing outcomes.
Potential Positives
- Wrap Technologies has entered a two-year partnership with the Le Sueur Police Department to deploy its BolaWrap® 150 devices and WrapTactics™, signaling increased demand for its innovative public safety solutions.
- The partnership aims to provide measurable insights into reducing officer injuries and improving community safety, enhancing Wrap's reputation as a leader in public safety technology.
- Le Sueur's commitment to this partnership and investment in Wrap’s training program showcases confidence in Wrap's products and could lead to further adoption among law enforcement agencies nationwide.
Potential Negatives
- The press release relies heavily on forward-looking statements, which are inherently uncertain and suggest that the company's actual performance may differ significantly from its projections.
- The partnership with the Le Sueur Police Department may highlight the limited scope of adoption, given that it is a small city with a population just over 4,000 residents, potentially signaling challenges in broader market penetration.
- The mention of risks associated with market acceptance and potential product defects may raise concerns for investors about the stability and reliability of Wrap's offerings in a critical sector like public safety.
FAQ
What is the WrapReady partnership with Le Sueur Police Department?
The WrapReady partnership involves deploying BolaWrap® 150 devices and WrapTactics™ training to enhance officer safety and community relations.
How will BolaWrap® 150 affect police operations?
BolaWrap® 150 aims to reduce line-of-duty injuries and improve use-of-force metrics by providing a safer pre-escalation tool for officers.
What training is included in the WrapReady initiative?
The initiative includes a subscription-based training platform to equip officers with the necessary skills for integrating BolaWrap® into their operations.
Why is the partnership significant for public safety?
This collaboration seeks to gather real-world data on public safety technology, helping to inform modern policing practices across the country.
What are the benefits of using Wrap's technologies?
Wrap's innovations like BolaWrap® promote safer policing, reduce operational costs, and foster improved trust between law enforcement and communities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WRAP Insider Trading Activity
$WRAP insiders have traded $WRAP stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $WRAP stock by insiders over the last 6 months:
- SCOT COHEN (Executive Chairman and CEO) sold 96,989 shares for an estimated $126,667
- JARED NOVICK (President and COO) sold 96,988 shares for an estimated $126,666
- ELWOOD G NORRIS has made 0 purchases and 2 sales selling 31,449 shares for an estimated $52,644.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WRAP Hedge Fund Activity
We have seen 17 institutional investors add shares of $WRAP stock to their portfolio, and 23 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 186,200 shares (+13.5%) to their portfolio in Q2 2025, for an estimated $290,472
- MARSHALL WACE, LLP removed 134,888 shares (-81.9%) from their portfolio in Q2 2025, for an estimated $210,425
- ALERUS FINANCIAL NA removed 97,760 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $152,505
- ROYAL BANK OF CANADA added 82,344 shares (+32165.6%) to their portfolio in Q2 2025, for an estimated $128,456
- THOMPSON DAVIS & CO., INC. added 66,150 shares (+inf%) to their portfolio in Q2 2025, for an estimated $103,194
- CITADEL ADVISORS LLC removed 60,818 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $94,876
- RENAISSANCE TECHNOLOGIES LLC added 46,800 shares (+inf%) to their portfolio in Q2 2025, for an estimated $73,008
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIAMI, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) ("Wrap" or the "Company") , a global leader in innovative public safety and counter-drone solutions, today announced a two-year WrapReady partnership with the Le Sueur Police Department in Minnesota.
Under the agreement, Le Sueur officers are expected to fully deploy BolaWrap® 150 devices and WrapTactics™ , supported by Wrap's new subscription-based training platform and a structured research initiative. The partnership, with its focus on line-of-duty injuries, use-of-force metrics, and operational costs, is expected to provide measurable insights into how BolaWrap pre-escalation tools and training can reduce risks to officers, improve safety for community members, and strengthen agency performance.
Le Sueur, a city of just over 4,000 residents situated between Mankato and the Twin Cities, is served by a police department with a reputation for community engagement and regional collaboration. By joining WrapReady, the department becomes one of a growing number of agencies nationwide that contribute to the evidence-based evaluation of new public safety technology.
"Our department is committed to proactive community policing and officer safety," said Chief of Police Pilar Stier of the Le Sueur Police Department. "Participating in this study with WrapReady allows us to both serve our residents with innovative tools and contribute to national knowledge on what works best in the field."
As part of the program, the Le Sueur Police Department made an investment in acquiring BolaWrap® 150 devices, cassettes, and instructor training, ensuring officers are equipped with both the necessary hardware and education to integrate the tool into their daily operations.
"We believe partnerships like this are critical to advancing our mission of safer policing outcomes," said Jared Novick, President of Wrap. "By working closely with the Le Sueur Police Department, we expect to generate valuable data that demonstrates how pre-escalation technology and training can reduce injuries, lower costs, and ultimately improve community trust."
Why This Matters:
- WrapReady is designed to collect real-world data that informs the future of policing practices.
- The Company believes Le Sueur's adoption of BolaWrap® 150 devices and WrapTactics™ training reflects continued agency demand for integrated hardware and education packages.
-
The Company believes the program underscores Wrap's growth strategy of expanding adoption, generating outcome-based data, and demonstrating stockholder value through evidence-driven results.
The Company believes the collaboration between Wrap and the Le Sueur Police Department reflects a growing recognition among law enforcement agencies that innovative, data-driven tools are essential for modern policing. As more departments join WrapReady, the Company intends to build a robust foundation of evidence to showcase the effectiveness of BolaWrap® and WrapTactics™ in reducing risks, improving community relations, and creating long-term value for stakeholders.
About Wrap Technologies, Inc.
Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.
Wrap’s BolaWrap® 150 solution leads in pre-escalation intended to provide law enforcement with a safer choice for nearly every phase of a critical incident.
This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation 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™ is intended to equip officers with the skills and confidence to navigate high-stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.
WrapVision is an all-new 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, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.
The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and adheres to Trade Agreements Act (TAA) compliance requirements and GSA schedule contracts requirements. Crucially, unlike many competitor devices manufactured overseas in foreign, non-compliant, and possibly hostile regions, WrapVision is built right here in North America today, with a critical made-in-America roadmap by the end of 2025. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.
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 and include, but are not limited to, statements relating to the expected outcomes of sales acceleration, expansion of UAS and Counter-UAS programs, future opportunities with Carahsoft and expected benefits of the Company’s partnership with Carahsoft. 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:
(800) 583-2652
[email protected]