Wrap Technologies appoints Joseph Cameron as chief revenue officer

MIAMI - Wrap Technologies, Inc. (NASDAQ:WRAP) announced Wednesday the appointment of Joseph Cameron as Chief Revenue Officer, bringing over two decades of experience in law enforcement and public safety technology to the role. The announcement comes as the company’s stock shows strong momentum, with a 79% return over the past year and nearly 20% gain in the past week alone, according to InvestingPro data.

Cameron, who began his career as a police officer in Southern California, served in various roles including patrol officer, field training officer, narcotics detective, and SWAT team leader during his eleven-year tenure. He later moved into police union leadership for more than a decade, including seven years as President. InvestingPro analysis shows the company maintains a healthy financial position with a current ratio of 5.65, indicating strong ability to meet short-term obligations.

His background includes experience in political advocacy, having worked with over 60 law enforcement organizations nationwide. As CEO of a political and strategic advocacy firm, Cameron advised law enforcement leaders and policymakers on technology and legislative solutions.

At Wrap Technologies, Cameron will oversee all revenue operations, focusing on strategic sales initiatives and partnerships aimed at expanding the company’s presence across government levels.

"I’ve spent my career focused on supporting officers and strengthening trust between law enforcement and the communities they serve," Cameron said in the press release. "What drew me to Wrap is its mission to deliver solutions that give officers more time, more options, and better outcomes."

Scot Cohen, Chief Executive Officer of Wrap, stated: "What makes Joe ideal for this position is that he’s far more than just a sales leader — he’s an entrepreneur who builds connections, drives federal success, and aligns deal processes across all parties."

Wrap Technologies develops public safety technologies including the BolaWrap 150, a non-lethal restraint device currently deployed to over 1,000 agencies worldwide, as well as VR-based training systems and body-worn camera solutions.

The company’s announcement comes as it continues to expand its presence in the law enforcement technology sector. While the company maintains a solid gross profit margin of 53.4%, InvestingPro analysis indicates the stock may be trading at premium valuations, currently near its 52-week high. Investors seeking detailed analysis can access the comprehensive Pro Research Report, available for WRAP and 1,400+ other US stocks on InvestingPro.

In other recent news, Wrap Technologies has made several notable announcements. The company introduced its new 1KC: Kinetic Anti-Drone Cassette, expanding its offerings into the counter-unmanned aerial systems market. This technology builds on their existing BolaWrap system, aiming to disable drones using tether systems. Additionally, Wrap Technologies submitted its counter-drone system, Project Merlin-1KC, for the U.S. Army’s xTechCounter Strike competition. In a strategic move, Wrap Technologies partnered with STORM Training Group to integrate defensive tactics training with its BolaWrap device, enhancing its digital learning platform, WrapTactics. The company also launched WrapTactics, a subscription-based platform designed to combat skill degradation among law enforcement officers. In financial developments, Wrap Technologies created a Series B Convertible Preferred Stock through a private placement, with potential conversion into common stock and warrants contingent on stockholder approval.

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