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MIAMI - Wrap Technologies, Inc. (NASDAQ:WRAP) announced Wednesday it has successfully conducted what it describes as the first air-to-air interdiction using its patented BolaWrap entanglement system. The company, currently valued at $123.1 million, has seen its stock price rise 54.19% over the past year as it continues to expand its non-lethal technology applications.
The test, performed in Salt Lake City, Utah, was conducted in partnership with Vector using the Vector Hammer drone platform. The company’s MERLIN-Interdictor payload and patented non-lethal BolaWrap 150 Kevlar tether successfully neutralized a moving aerial target mid-flight.
Unlike traditional counter-drone systems that rely on explosives or electronic warfare, the test demonstrated the use of precision entanglement technology to disable aerial threats.
"Our successful test with Wrap marks a breakthrough for non-lethal counter-UAS capabilities," said Andy Yakulis, CEO and Co-Founder of Vector. "The Wrap system quickly integrated with our Hammer drone platform."
The test represents an expansion of Wrap’s technology from its ground-based systems into aerial defense applications. The company stated the MERLIN system can be adapted to existing drone platforms for potential deployment across commercial and government sectors.
Wrap Technologies is advancing production readiness from its Virginia manufacturing facility to support commercialization for counter-UAS, autonomous response, and non-lethal defense programs.
The company’s portfolio includes the BolaWrap 150 device, WrapReality training platform, WrapVision body-worn camera system, and counter-UAS solutions. According to the company, its BolaWrap technology is currently used by over 1,000 agencies across the U.S. and in 60 countries.
This announcement is based on a press release statement from Wrap Technologies.
In other recent news, Wrap Technologies has announced several significant developments. The company has expanded its board of directors by appointing John D. Shulman, founder of Juggernaut Capital Partners, while also disclosing the mutual separation of Jerry Ratigan from his roles as Chief Financial Officer and Principal Accounting Officer. Additionally, Wrap Technologies has formed a new subsidiary, Wrap Federal, LLC, to target U.S. federal government contracts, aiming to meet federal compliance standards and collaborate with established prime contractors.
In product innovations, Wrap Technologies unveiled the DFR-X, the first commercially available non-lethal drone interdiction system in the U.S., which integrates their BolaWrap technology. The company has also completed Stage One of Phase II testing for its Project MERLIN-1 modular aerial defense system, confirming design specifications and capabilities. Furthermore, the Le Sueur Police Department in Minnesota has adopted Wrap’s BolaWrap 150 devices and WrapTactics training program in a two-year study to evaluate the technology’s impact on operational metrics. These developments reflect Wrap Technologies’ ongoing efforts to expand its product offerings and market reach.
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