MIAMI, July 10, 2026 (GLOBE NEWSWIRE) — W ap Tech ologies, I c. (Nasdaq: WRAP) (“W ap” o , the “Compa y”), a global public safety tech ology compa y, today issues a lette to stockholde s f om Fou de , Chai ma a d Chief Executive Office , Scot Cohe .
To Ou Sha eholde s,
The past yea has bee o e of the most impo ta t i WRAP’s histo y.
We a e o lo ge buildi g a compa y a ou d a si gle p oduct. We a e aimi g to build a public safety tech ology platfo m desig ed fo the th eats of tomo ow. Ou missio emai s u cha ged—to help save lives th ough safe outcomes—but ou visio has expa ded sig ifica tly. Today, WRAP is positio i g itself at the i te sectio of a tificial i tellige ce, adva ced se si g, auto omous decisio suppo t, a d measu ed, o -lethal espo se.
We a e t a sfo mi g WRAP f om a compa y k ow fo a si gle b eakth ough est ai t device i to a tech ology compa y buildi g a i tellige t ope ati g a chitectu e fo public safety a d secu ity. Ou goal is to c eate a co ected system that e ables age cies to detect th eats ea lie , u de sta d them faste , a d espo d with app op iate, accou table fo ce.
Eve y decisio we have made ove the past yea suppo ts that di ectio .
This yea , the Bu eau of Alcohol, Tobacco, Fi ea ms a d Explosives (ATF) issued a uli g dete mi i g that the BolaW ap® 150 is ot a fi ea m o “a y othe weapo ” u de fede al law, but a i st ume t of est ai t. We believe this decisio emoves egulato y u ce tai ty, may simplify p ocu eme t, a d suppo ts emote est ai t as a disti ct catego y withi mode public safety.
We believe it may also expa d ou comme cial oppo tu ity by easi g adoptio ac oss law e fo ceme t a d by suppo ti g pote tial oppo tu ities i co ectio s, healthca e, t a spo tatio , educatio , gove me t, a d p ivate secu ity. Mo e b oadly, it eflects g owi g ecog itio that age cies eed espo se optio s alig ed with today’s legal sta da ds a d ope atio al ealities.
Public safety i c easi gly depe ds o u de sta di g th eats befo e co tact occu s.
This led to ou i vestme t i F e el Imagi g Ltd. a d exclusive comme cializatio ights fo its the mal-pola imet ic se si g tech ology ac oss the U ited States a d NATO ma kets.
Adva ced se si g is becomi g fou datio al to mode secu ity as the th eats that bu de society become i c easi gly mo e difficult to detect. Effective espo se begi s with detectio , classificatio , a d u de sta di g. We believe the mal-pola imet ic imagi g, a tificial i tellige ce, a d edge computi g may play a ce t al ole i p otecti g cities, bo de s, i f ast uctu e, a d public spaces.
The ma ket does ot eed mo e disco ected devices. It eeds a u ified system that b i gs togethe se si g, AI, comma d-a d-co t ol, a d g aduated espo se.
That system is W apShield™.
W apShield is ou platfo m st ategy, desig ed to i teg ate detectio , classificatio , decisio suppo t, a d p opo tio ate espo se i to a deployable system fo dive se ope atio al e vi o me ts.
Rece t policy developme ts a e eshapi g the la dscape.
Autho ity is eme gi g. The suppo ti g a chitectu e is ot. We i te d to help build it.
Ou objective is to develop W apShield i to a mobile, self-co tai ed defe se system deployable whe eve public safety p ofessio als ope ate. It is desig ed to i teg ate six ope atio al laye s—detect, ide tify, classify, di ect, espo d, a d escalate o ly whe autho ized—with huma decisio -make s emai i g i co t ol.
This app oach exte ds beyo d cou te -d o e ope atio s to c itical i f ast uctu e, bo de secu ity, t a spo tatio , public ve ues, schools, co ectio s, eme ge cy espo se, a d defe se suppo t.
We believe the futu e of public safety lies i i teg ated systems that co ect i tellige ce with measu ed, accou table espo se.
That is the compa y we a e buildi g.
Histo ically, WRAP was viewed th ough the le s of a si gle less-lethal p oduct. Today, we a e buildi g a i teg ated tech ology compa y positio ed ac oss seve al ma kets that we believe offe lo g-te m g owth pote tial, i cludi g a tificial i tellige ce, auto omous se si g, cou te -UAS, c itical i f ast uctu e p otectio , a d public safety mode izatio . Togethe , these ep ese t what we believe is a substa tial global oppo tu ity.
We believe ou add essable ma ket has expa ded sig ifica tly as we positio WRAP at the i te sectio of these lo g-te m t e ds.
Visio must be matched by executio .
We a e seei g e cou agi g i dicato s of mome tum ac oss the busi ess, i cludi g expa di g custome adoptio , st o ge i te atio al pa t e ships, imp oved ope atio al discipli e, a d i c eased booki gs. At the same time, we a e maki g ta geted i vestme ts i tech ologies that suppo t ou lo g-te m st ategy.
We believe these effo ts a e suppo ti g measu able p og ess, i cludi g eve ue g owth, imp oved efficie cy, a d deepe custome e gageme t. We emai focused o discipli ed capital allocatio while i vesti g fo lo g-te m value.
While the e is mo e wo k ahead, we believe the fou datio we have built positio s WRAP fo sustai able g owth a d lo g-te m leade ship i a evolvi g ma ket.
This yea ’s milesto es eflect mea i gful p og ess.
The ATF uli g p ovides egulato y cla ity. Ou i vestme t i F e el st e gthe s ou se si g a d i tellige ce capabilities. W apShield defi es ou platfo m st ategy. A d ou ope atio al p og ess demo st ates discipli ed executio .
Togethe , these developme ts ma k a fu dame tal evolutio of the compa y.
Public safety is u de goi g a sig ifica t tech ological shift. Adva ces i a tificial i tellige ce, se si g, a d i teg ated systems a e eshapi g how gove me ts p otect people a d i f ast uctu e. Ou goal is to play a leadi g ole i that t a sfo matio .
We a e ea ly i this jou ey, but ou di ectio is clea a d ou co fide ce is st o g.
O behalf of ou Boa d of Di ecto s a d the e ti e WRAP team, tha k you fo you co ti ued t ust a d suppo t. We emai committed to c eati g lo g-te m value while helpi g shape the futu e of public safety.
Si ce ely,
Scot Cohe
Fou de , Chai ma a d CEO
WRAP Tech ologies, I c.
W ap Tech ologies, I c. (Nasdaq: WRAP) a global leade i i ovative public safety tech ologies a d o -lethal tools, delive i g cutti g-edge tech ology with exceptio al people to add ess the complex, mode day challe ges faci g public safety o ga izatio s.
WRAP’s complete public safety po tfolio i cludes the o -lethal BolaW ap® 150 device, W ap Reality® imme sive t ai i g platfo m, W apVisio ™ body-wo came a system, W apTactics™ t ai i g p og ams, a d ext-ge e atio C-UAS solutio s like the 1KC Ki etic A ti-D o e Cassette, all of which suppo ts the Compa y’s missio to p ovide safe , scalable, a d cost-effective tech ologies fo public safety, defe se, a d c itical i f ast uctu e ma kets.
With a g owi g dema d fo o -lethal tools a d tech iques to c eate time, dista ce a d tactical adva tage i o -c imi al calls, W ap’s BolaW ap® 150 i co po ates a multi-se so y dist actio of sight a d sou d as a fi st espo se, followed by a o -lethal est ai t if fu the escalatio is equi ed. This app oach educes the isk of i ju y to office s, subjects, a d the commu ity.
W ap’s BolaW ap® 150 solutio is i te ded to p ovide law e fo ceme t with a safe choice fo ea ly eve y phase of a c itical i cide t. This i ovative, pate ted device deploys a multi-se so y, cog itive dis uptio to expa d the p e-escalatio pe iod a d gives office s the adva tage a d c itical time to ma age o -complia t subjects befo e eso ti g to highe -fo ce optio s. The BolaW ap® 150 is ot pai -based complia ce. It does ot shoot, st ike, shock, o i capacitate, i stead, it helps office s st ategically ope ate p e-escalatio o the fo ce co ti uum, educi g the isk of i ju y to both office s a d subjects. Used by ove 1,000 age cies ac oss the U.S. a d i 60 cou t ies, BolaW ap® is backed by t ai i g ce tified by the I te atio al Associatio of Di ecto s of Law E fo ceme t Sta da ds a d T ai i g (IADLEST), ei fo ci g W ap’s commitme t to public safety th ough cutti g-edge tech ology a d expe t t ai i g.
W apReality™ VR is a fully imme sive t ai i g simulato to e ha ce decisio -maki g u de st ess.
As a comp ehe sive public safety t ai i g platfo m, it p ovides fi st espo de s with ealistic, i te active sce a ios that eflect the evolvi g challe ges of mode law e fo ceme t. By offe i g a g owi g lib a y of eal-wo ld situatio s,
W apReality™ is i te ded to equip office s with the skills a d co fide ce to avigate high stakes e cou te s effectively, which we believe leads to safe outcomes fo both espo de s a d the commu ities they se ve.
W apVisio is a all- ew body-wo came a a d evide ce ma ageme t system built fo efficie cy.
Desig ed fo efficie cy, secu ity, a d t a spa e cy to meet the igo ous dema ds of mode law e fo ceme t, W apVisio captu es, sto es, a d helps ma age digital evide ce, e su i g ope atio al secu ity, egulato y complia ce, a d e ha ced video pictu e quality a d field of view.
The W apVisio came a, powe ed by IONODES, boasts st eamli ed cloud i teg atio a d fi al No th Ame ica assembly, with a c itical made-i -Ame ica oadmap p ojected fo ea ly 2026. This t ack helps e su e data i teg ity a d helps elimi ate c itical co ce s ove u autho ized access o fo eig su veilla ce isks.
WRAP, the W ap logo, BolaW ap®, No -Lethal Respo se™, W apReality™, W ap T ai i g Academy, a d No -Lethal Respo se™ a e t adema ks of WRAP Tech ologies, I c., some of which a e egiste ed i the U.S. a d ab oad. All othe t ade ames used he ei a e eithe t adema ks o egiste ed t adema ks of the espective holde s.
This elease co tai s “fo wa d-looki g stateme ts” withi the mea i g of the “safe ha bo ” p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. Wo ds such as “expect,” “a ticipate”, “should”, “believe”, “ta get”, “p oject”, “goals”, “estimate”, “pote tial”, “p edict”, “may”, “will”, “could”, “i te d”, a d va iatio s of these te ms o the egative of these te ms a d simila exp essio s a e i te ded to ide tify these fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts elati g to the Compa y’s st ategic i vestme t i F e el; the expected be efits, effects, limitatio s, a d implicatio s of TPiCo e® the mal-pola imet ic imagi g a d W apShield; expected comme cializatio , i teg atio , deployme t, ma ket adoptio , a d expa sio of W apShield; the Compa y’s ability to develop, i teg ate, ma ufactu e, sell, a d suppo t cu e t a d futu e p oducts a d tech ologies; the i te ded pe fo ma ce, be efits, a d safety outcomes of the Compa y’s p oducts a d t ai i g solutio s; expected ma ket oppo tu ities; a d the Compa y’s pla ed futu e p oducts, tech ologies, i teg atio s, p oduct desig s, a d elated be efits. The Compa y’s actual esults could diffe mate ially f om those stated o implied i fo wa d-looki g stateme ts due to a umbe of facto s, i cludi g but ot limited to: the Compa y’s ability to mai tai complia ce with the Nasdaq Capital Ma ket’s listi g sta da ds; the Compa y’s ability to successfully impleme t t ai i g p og ams fo the use of its p oducts; the Compa y’s ability to ma ufactu e a d p oduce p oducts fo its custome s; the Compa y’s ability to develop sales fo its p oducts; ma ket accepta ce of existi g a d futu e p oducts; cha ges i law e fo ceme t budgets, policies, p ocu eme t p actices, a d use-of-fo ce sta da ds; the availability of fu di g to co ti ue to fi a ce ope atio s; the complexity, expe se, a d time associated with sales to law e fo ceme t a d gove me t e tities; the le gthy evaluatio a d sales cycle fo the Compa y’s p oduct solutio s; p oduct defects; litigatio isks f om alleged p oduct- elated i ju ies; isks of gove me t egulatio s a d cha ges i egulato y classificatio s o i te p etatio s; the impact esulti g f om geopolitical co flicts a d a y esulti g sa ctio s; the ability to obtai expo t lice ses fo cou t ies outside of the U ited States; the ability to obtai pate ts a d defe d i tellectual p ope ty agai st competito s; the impact of competitive p oducts a d solutio s; a d the Compa y’s ability to mai tai a d e ha ce its b a d, as well as othe isk facto s me tio ed i the Compa y’s most ece t a ual epo t o Fo m 10-K, subseque t qua te ly epo ts o Fo m 10-Q, a d othe Secu ities a d Excha ge Commissio fili gs. These fo wa d-looki g stateme ts a e made as of the date of this elease a d we e based o cu e t expectatio s, estimates, fo ecasts, a d p ojectio s as well as the beliefs a d assumptio s of ma ageme t. Except as equi ed by law, the Compa y u de takes o duty o obligatio to update a y fo wa d-looki g stateme ts co tai ed i this elease as a esult of ew i fo matio , futu e eve ts, o cha ges i its expectatio s.
