Curated News
By: NewsRamp Editorial Staff
June 26, 2026

Wrap Technologies: Non-Lethal Tool Gains Traction Amid Police Reform

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Original Source

TLDR

  • Wrap Technologies' BolaWrap addresses a $1B police misconduct liability, positioning it as a key non-lethal tool for law enforcement.
  • BolaWrap uses an eight-foot Kevlar tether to restrain individuals at 10-25 feet, with production capacity expanding from 1,800 to 3,600 monthly.
  • BolaWrap provides a humane restraint option that reduces harm during police encounters, especially for individuals in mental crisis.
  • Over 140 US police departments and agencies in 19 other countries have adopted BolaWrap, highlighting its global demand.

Impact - Why it Matters

This news matters because it highlights a scalable, humane alternative to traditional use-of-force methods, potentially reducing police-involved injuries and fatalities. As cities face billion-dollar payouts for misconduct, BolaWrap could lower legal costs and build community trust. For investors, the rapid adoption and growing market size signal a strong growth opportunity in the non-lethal weapons sector.

Summary

In a landscape where U.S. police departments face mounting scrutiny over excessive force, a new non-lethal tool is gaining traction. The 10 largest police departments in the U.S. have paid out a staggering $1.02 billion in settlements for misconduct cases, predominantly related to improper use of force. Against this backdrop, Wrap Technologies (NASDAQ: WRAP) is emerging as a key player in supplying humane restraint solutions to law enforcement globally. The company's flagship product, the BolaWrap Remote Restraint device, uses an eight-foot Kevlar tether to safely restrain individuals from 10-25 feet away without inflicting pain—a critical advantage in encounters with individuals in mental crisis.

Wrap Technologies has seen rapid adoption: over 140 U.S. police departments and agencies in 19 other countries received BolaWrap devices in 2019. The company has logged over 1,700 demo and training requests from U.S. departments and 600 more from international markets. With a current manufacturing capacity of 1,800 devices per month and plans to double that to 3,600, Wrap is scaling to meet demand. The company's intellectual property portfolio includes five U.S. patents granted, eight pending, and patents filed in 34 additional countries. A $12.4 million equity raise in June 2020 will fund engineering, product development, and working capital.

The non-lethal weapons market is projected to grow from $6.32 billion in 2016 to $11.85 billion by 2023, positioning Wrap to capitalize on a massive addressable market. As police reform drives demand for alternatives to firearms and tasers, BolaWrap offers a pain-free, low-risk option that could reduce injuries and liability costs. InvestorWire, a communications platform under the Dynamic Brand Portfolio @ IBN, highlights Wrap Technologies as a company to watch in this evolving sector.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wrap Technologies: Non-Lethal Tool Gains Traction Amid Police Reform

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