Founder and CEO Scot Cohen said the company is broadening beyond a single product, citing an ATF ruling on BolaWrap, investment in Frenel Imaging and the WrapShield platform strategy.
Wrap Technologies said it is expanding from a company centered on the BolaWrap restraint device into a broader public-safety technology platform spanning artificial intelligence, advanced sensing, autonomous decision support and non-lethal response. In a letter to stockholders, Founder, Chairman and Chief Executive Officer Scot Cohen said the shift rests on three pillars: an ATF ruling that the BolaWrap 150 is not a firearm or “any other weapon” under federal law but an instrument of restraint; the company’s investment in Frenel Imaging Ltd. and exclusive commercialization rights for its thermal-polarimetric sensing technology across the United States and NATO markets; and WrapShield, a platform strategy intended to combine detection, classification, decision support and proportionate response. Cohen said Wrap aims to build WrapShield into a mobile, self-contained defense system with six operational layers: detect, identify, classify, direct, respond and escalate only when authorized, with human decision-makers remaining in control. He said the approach could extend beyond counter-drone operations to critical infrastructure, border security, transportation, public venues, schools, corrections, emergency response and defense support. The company also pointed to operational momentum, including expanding customer adoption, stronger international partnerships, improved operational discipline and increased bookings, though it did not provide figures in the release. Wrap reiterated that BolaWrap is used by over 1,000 agencies across the U.S. and in 60 countries. Its broader portfolio includes Wrap Reality, WrapVision, WrapTactics and C-UAS products including the 1KC Kinetic Anti-Drone Cassette.