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ATF Ruling Boosts Wrap's BolaWrap as Non-Lethal Tool

ATF rules BolaWrap is not a firearm; Wrap Technologies gains legal clarity for non-lethal restraint device. Impact on policing and public safety.

This news matters because it addresses a critical need in modern policing: reducing the use of deadly force through effective non-lethal alternatives. The ATF's classification of the BolaWrap as an instrument of restraint, not a weapon, streamlines procurement for law enforcement agencies. This could lead to fewer officer-involved shootings and lower liability for departments, while providing officers with a tool that can safely restrain subjects from a distance. For the public, it represents a step toward safer interactions with police, potentially reducing injuries and fatalities. For investors, Wrap Technologies' strengthened position in the public-safety market signals growth potential as agencies seek compliant, less-lethal options following the Supreme Court's Barnes v. Felix ruling.