Wrap Technologies partners with STORM Training for police tactics

MIAMI - Wrap Technologies, Inc. (NASDAQ:WRAP), whose stock has surged over 25% in the past week, announced Friday a strategic partnership with Minnesota-based STORM Training Group to integrate defensive tactics training with its BolaWrap device deployment. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 5.65, though it faces profitability challenges with negative earnings in the last twelve months.

The collaboration will make STORM’s defensive tactics and arrest procedures available through WrapTactics, Wrap’s subscription-based digital learning platform. The partnership aims to provide law enforcement officers with techniques to safely manage subjects after using the BolaWrap restraint device. With revenue of $3.24 million in the last twelve months, Wrap Technologies is working to expand its market presence. For deeper insights into WRAP’s financial health and growth potential, InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis.

STORM Training Group, founded in 2015, has provided training to more than 250 agencies across the Midwest. According to Wrap’s press release, STORM’s training methodology was validated in a data study showing significant reductions in use of force incidents, including a 37% reduction in overall use of force and an 86% reduction in officer strikes.

"We believe partnering with STORM Training Group lets us bring timely, effective arrest and control techniques into the digital training ecosystem," said Jared Novick, President and Chief Operating Officer of Wrap.

Chad Malmberg, President & CEO of STORM Training Group, said the partnership will make their "innovative arrest and control system" available to agencies worldwide.

The STORM-powered training modules will be available as a standalone option in WrapTactics and included at no additional cost in WrapReady and WrapPlus subscription bundles. The content is designed to provide officers with techniques for transitioning after BolaWrap deployment.

Wrap Technologies describes its BolaWrap 150 as a non-pain-based compliance tool that helps officers manage non-compliant subjects before resorting to higher-force options. The company reports the device is used by over 1,000 agencies across the U.S. and in 60 countries.

The announcement was made in a company press release statement. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value. Investors can access comprehensive valuation metrics, growth indicators, and detailed financial analysis through InvestingPro’s exclusive research reports, available for over 1,400 US-listed companies.

In other recent news, Wrap Technologies, Inc. reported its Q2 2025 earnings, revealing a negative earnings per share of -0.07 USD, while revenue reached 1 million USD. The company emphasized strategic growth through new product offerings and cost reductions, which contributed to improved operating efficiency and liquidity. Additionally, Wrap Technologies announced a $4.5 million private placement deal with institutional investors to support its counter-drone technology programs and expand its law enforcement offerings. This private placement includes 4,500 shares of Series B Preferred Stock, convertible into 3 million common shares, and warrants to purchase an additional 3 million shares, both at an exercise price of $1.50 per share.

Wrap Technologies also introduced its 1KC: Kinetic Anti-Drone Cassette, expanding its product line into the counter-unmanned aerial systems market. This new technology builds on their existing BolaWrap technology, designed to disable drones in flight. Furthermore, the company launched WrapTactics, a subscription-based digital learning platform aimed at preventing skill degradation among law enforcement officers. This platform provides short-form training modules for maintaining essential policing skills. These developments reflect Wrap Technologies’ ongoing efforts to innovate and expand its product offerings.

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