Wrap Technologies (NASDAQ: WRAP) has been selected by WOFT Charities to support the WOFT Teacher Safety Training Program, which received a $475,000 appropriation in Florida's fiscal year 2026-27 state budget. The program aims to provide practical safety and preparedness training for teachers, administrators, and other school personnel, including real-world scenarios and practical self-defense instruction. WRAP will focus on training related to situational awareness, threat recognition, early intervention, de-escalation, and avoiding physical confrontation when possible.
The appropriation was made to WOFT, with WRAP receiving a portion based on services provided. This should not be interpreted as a direct $475,000 award or future revenue to WRAP. However, the company also has exclusive access to WOFT's training facility, which is being developed as a national flagship environment for integrated WRAP training. Wrap Technologies believes this model could expand beyond education into law enforcement, private security, military, and other professional safety environments, as well as private citizens. The company also envisions incorporating a digital training ecosystem to support continuous learning, recurring proficiency, and certification.
Wrap Technologies is known for its non-lethal BolaWrap 150 device, which deploys a multi-sensory distraction and a non-lethal restraint to help officers manage non-compliant subjects before resorting to higher-force options. The device is used by over 1,000 agencies across the U.S. and in 60 countries, and its training is certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST). The company's portfolio also includes the Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and counter-drone solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette.
This selection underscores the growing demand for non-lethal tools and techniques in various settings, including schools. The teacher safety training program is part of a broader trend to enhance safety in educational environments, and Wrap Technologies' involvement could position the company to expand its market reach. The exclusive access to the training facility may also provide a significant strategic advantage, potentially leading to recurring revenue through training services and certification programs.
For more details, the full press release is available at https://ibn.fm/d2LF6. The latest news and updates on WRAP can be found in the company's newsroom at https://ibn.fm/WRAP.
Forward-looking statements in this article involve risks and uncertainties, and actual results may differ materially. These statements are based on information available as of the date of the article, and the company undertakes no duty to update them unless required by law.
