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SummaryWrap Technologies is upgraded to Buy following regulatory clarity and a transformative counter-UAS platform launch.ATF's reclassification of BolaWrap removes a major procurement hurdle, unlocking potential for broader law enforcement adoption and accelerating sales cycles.Exclusive rights to Frenel’s thermal-polarimetric tech enable WRAP to enter the high-growth defense and counter-drone markets with WrapShield.Management guides for 100% FY26 revenue growth; sustained operating leverage and proven WrapShield margins are key to long-term profitability. halbergman/E+ via Getty Images

I initiated coverage on Wrap Technologies, Inc. (WRAP) in late 2023 with a Hold rating. At the time, I recognized the company's public safety and non-lethal restraint solutions and its flagship product, the BolaWrap, but

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of WRAP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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AUSTIN, Texas, July 13, 2026 (GLOBE NEWSWIRE) -- via IBN -- NetworkNewsAudio announces the Audio Press Release (APR) titled “Lock the Sensor, Lock the Response: The Power of Building the Autonomous Public-Safety Stack,” featuring Wrap Technologies Inc. (NASDAQ: WRAP).

To hear the NetworkNewsAudio version, visit: https://ibn.fm/Q1skh

To read the original editorial, visit: https://ibn.fm/x0Dt4

Frenel Imaging has built the TPiCore platform on a Division of Focal Plane architecture that captures and processes the polarization component of thermal radiation in real time at the edge, without cloud latency or RF dependency, data that conventional cameras are physically blind to. Independent field work, including a 2020 Army Research Laboratory study comparing mid-wave and long-wave thermal polarimetric imaging, supports the physics behind the platform’s detection advantage.

Through the Frenel transaction, Wrap Technologies holds exclusive rights to that capability across the United States and all NATO markets and has made TPiCore the machine-perception layer of WrapShield. For every agency, installation and infrastructure operator that needs to see the RF-silent threat, no competitor appears to hold an equivalent position.

About Wrap Technologies Inc.
Wrap Technologies is a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern-day challenges facing public-safety organizations.

WRAP’s complete public-safety portfolio includes the non-lethal BolaWrap(R) 150 device, Wrap Reality(R) immersive training platform, WrapVision(TM) body-worn camera system, WrapTactics(TM) training programs, and next-generation C-UAS solutions such as PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which support the company’s mission to provide safer, scalable and cost-effective technologies for public safety, defense and critical infrastructure markets.

With a growing demand for non-lethal tools and techniques to create time, distance and tactical advantage in noncriminal calls, Wrap’s BolaWrap 150 incorporates a multisensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community.

Wrap’s BolaWrap 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap 150 is not pain-based compliance. It does not shoot, strike, shock or incapacitate; instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by more than 1,000 agencies across the United States and in 60 additional countries, BolaWrap is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (“IADLEST”), reinforcing Wrap’s commitment to public safety through cutting-edge technology and expert training.

WrapReality(TM) VR is a fully immersive training simulator to enhance decision-making under stress.
As a comprehensive public-safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.
Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores and helps manage digital evidence, ensuring operational security, regulatory compliance and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

NOTE TO INVESTORS: The latest news and updates relating to WRAP are available in the company’s newsroom at https://ibn.fm/WRAP

For more information about Wrap Technologies, visit the company’s website at www.Wrap.com.

About NetworkNewsAudio

NetworkNewsAudio, a service of NetworkNewsWire (NNW), a multifaceted financial news and publishing company powered by IBN (“InvestorBrandNetwork”), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we're watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.

For more information, visit: www.NetworkNewsAudio.com

NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public. With an ever-growing distribution network of more than 5,000 key syndication outlets across the nation, NNW cuts through the overload of information in today's markets bringing its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire is where news, content and information converge.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://NNW.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- via NetworkNewsWire (“NNW”) — Wrap Technologies Inc. (NASDAQ: WRAP) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, “The Counter-Drone Technology Gap That Is Leaving Agencies Blind to the Fastest-Growing Threat,” please visit: https://ibn.fm/ABs6L

Public safety institutions have arrived at a breaking point. Hiring more officers and fielding quicker versions of legacy equipment are no longer sufficient answers to the threats that agencies now face. Consumer-grade drones available for under $500 have fundamentally altered the risk landscape. Narcotics organizations deploy these devices against federal border agents. Jails and prisons deal with drone-dropped contraband on a near-daily basis. And Langley Air Force Base, one of the most fortified military installations in the country, was compelled to ground flight operations after persistent drone incursions that no existing nonlethal interdiction protocol could address. The response infrastructure that agencies have relied on for decades is mismatched to the threat environment that now defines their daily operations. Closing that gap is the central challenge of this era.

With that backdrop, Wrap Technologies Inc. has acquired something its rivals in the counter-drone space cannot purchase: the capacity to find the drones that have stopped transmitting. A strategic transaction with Israeli AI-sensing company Frenel Imaging Ltd. has given WRAP exclusive United States and NATO distribution rights to a physics-based sensing technology that detects threats earlier, orchestrates responses, and acts with proportionate, mission-appropriate action. WRAP has positioned that technology as the foundation of WrapShield, its emerging counter-unmanned aircraft system (“UAS”) and autonomous public-safety platform. Counter-drone operations represent the initial deployment domain, with significant expansion potential beyond it.

About Wrap Technologies Inc.
Wrap Technologies is a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern-day challenges facing public-safety organizations.

WRAP’s complete public-safety portfolio includes the non-lethal BolaWrap(R) 150 device, Wrap Reality(R) immersive training platform, WrapVision(TM) body-worn camera system, WrapTactics(TM) training programs, and next-generation C-UAS solutions such as PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the company’s mission to provide safer, scalable and cost-effective technologies for public safety, defense and critical infrastructure markets.

With a growing demand for non-lethal tools and techniques to create time, distance and tactical advantage in noncriminal calls, Wrap’s BolaWrap 150 incorporates a multisensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community.

Wrap’s BolaWrap 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap 150 is not pain-based compliance. It does not shoot, strike, shock or incapacitate; instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by more than 1,000 agencies across the United States and in 60 additional countries, BolaWrap is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (“IADLEST”), reinforcing Wrap’s commitment to public safety through cutting-edge technology and expert training.

WrapReality(TM) VR is a fully immersive training simulator to enhance decision-making under stress.
As a comprehensive public-safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.
Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores and helps manage digital evidence, ensuring operational security, regulatory compliance and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

NOTE TO INVESTORS: The latest news and updates relating to WRAP are available in the company’s newsroom at https://ibn.fm/WRAP

For more information about Wrap Technologies, visit the company’s website at www.Wrap.com.

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness.
NNW is where breaking news, insightful content and actionable information converge.

For more information, please visit www.NetworkNewsWire.com

Please view full terms of use and disclaimers on the NNW website applicable to all content provided by NNW, wherever published or re-published: http://www.nnw.fm/Disclaimer

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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.

Wrap Technologies, Inc. (WRAP - Free Report) has launched an autonomous defense and public safety platform, WrapShield, designed to help government agencies in early detection of threats, improve decision-making and coordinate appropriate responses. As part of the launch, the company announced a strategic investment in Israel-based Frenel Imaging Ltd. and secured exclusive commercialization rights across the United States and NATO for Frenel's TPiCore thermal-polarimetric sensing technology.

WrapShield Combines AI, Advanced Sensors and Response TechnologiesWrapShield integrates advanced sensing technologies, artificial intelligence, command-and-control systems and response capabilities into a unified operating platform. Its open architecture allows government agencies to integrate existing and future sensors, AI tools and response technologies within a single operational ecosystem.

Advanced Thermal-Polarimetric Imaging Powers Threat DetectionThe platform's detection layer is built on Frenel's TPiCore thermal-polarimetric imaging technology, which captures both thermal intensity and polarization data to identify the physical characteristics of objects. Unlike conventional thermal imaging systems that rely primarily on heat signatures, the technology is designed to detect RF-silent and difficult-to-identify threats by analyzing their material composition. AI-assisted analytics then classify threats, provide decision support and recommend mission-appropriate responses while maintaining human oversight.

Platform Offers Broad Operational BenefitsWrapShield is intended to enhance situational awareness, accelerate threat detection and support faster operational responses across complex security environments. The platform can integrate both WRAP's own technologies and third-party defense systems, enabling customers to deploy kinetic or non-kinetic, lethal or non-lethal responses based on operational requirements. Initially focused on countering unmanned aircraft systems (UAS), the platform is designed to address evolving security challenges across defense, public safety, border security and critical infrastructure protection.

Wrap Expands Long-Term Growth OpportunityBeyond counter-UAS applications, Wrap expects WrapShield to support additional use cases, including defense intelligence, maritime surveillance, autonomous systems, robotics and industrial monitoring. The company believes thermal-polarimetric sensing can serve as a core technology for future AI-enabled security and autonomous platforms. Through continued investments in advanced sensing capabilities, Wrap aims to expand WrapShield into a comprehensive operating platform for next-generation defense and public safety missions.

Benefits of the Recent Move to WrapThe launch of WrapShield broadens Wrap Technologies' portfolio beyond its legacy non-lethal public safety offerings, including BolaWrap, WrapVision and WrapReality, into the rapidly expanding defense and homeland security markets. The new launch is expected to primarily support WRAP’s technology-enabled services business, as the AI-driven platform aligns with the company's strategy of expanding software, managed services and digital security offerings. Technology-enabled services comprised nearly 21% of WRAP’s consolidated revenues in the first quarter of 2026. 

MIAMI, July 07, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or, the “Company”), a global public safety technology company, today launched WrapShield, an autonomous defense and public safety platform designed to detect threats earlier, orchestrate the response, and act with proportionate, mission-appropriate action; built on the conviction that this decade’s defining threats, from the battlefield to the homeland, will be solved not by better individual devices but by an intelligent operating layer connecting detection to response.

WrapShield represents the next evolution of WRAP – from a company recognized for innovative non-lethal tools to a platform company connecting advanced sensing, artificial intelligence, command-and-control, and response technologies into a unified operating architecture for public safety, homeland security, defense, and critical infrastructure.

To stand up the platform’s detection layer, WRAP announced a strategic investment in Frenel Imaging Ltd. (“Frenel”), an Israeli advanced-sensing company, together with an exclusive U.S. and NATO license to Frenel’s proprietary TPiCore® thermal-polarimetric imaging. Frenel is expected to be the first of many planned investments into WrapShield. WRAP believes it identified the market’s blind spot early and secured access before the U.S. market fully understood this newly validated operational technology. Already in operational use in Israel, Frenel’s technology brings WRAP access to a sensing capability that the Company believes is relevant to U.S. defense and public safety markets.

WrapShield is an autonomous defense and public safety platform intended to serve as an operating layer that connects detection, decision, and response across complex operational environments. WrapShield is designed to enable government agencies to integrate existing and future sensors, AI capabilities, and response technologies into a unified operational ecosystem.

Detect: Advanced multi-modal sensing beginning with Frenel's TPiCore® thermal-polarimetric imaging and AI edge processing, with an architecture designed to incorporate additional sensing technologies over time.Orchestrate: AI-assisted, human-supervised threat detection, classification, and decision support that fuses sensor data, assesses threats, and recommends proportionate courses of action while interoperating with government and third-party command-and-control systems.Respond: A response layer capable of integrating WRAP's own technologies as well as third-party and government response capabilities – kinetic or non-kinetic, lethal or non-lethal, autonomous or human-directed – based on mission requirements, rules of engagement, and customer preferences. The initial application is counter-UAS, with an architecture designed to expand across defense, public safety, critical infrastructure, border security, and other autonomous security missions. The platform’s advantage begins with physics. Conventional thermal cameras generally read one dimension of infrared data – intensity; TPiCore® is designed to read a additional data layers, capturing the polarization of thermal radiation at the pixel level to support reconstruction for each object’s physical characteristics and material composition. The Company believes this polarimetric fingerprint cannot be spoofed, jammed, or turned off, and requires no RF signal to detect. Frenel’s technology implements real-time processing on edge hardware across drone, ground, fixed-site, naval, and handheld configurations.

“We believe the polarimetric fingerprint of an object is as immutable as its molecular composition — it cannot be spoofed, jammed, or turned off. WRAP is the right partner to scale this capability across the U.S. and NATO” said Sagi Zur Arie, Founder & Chief Technology Officer, Frenel

For two decades these were nation-state problems – engineered abroad, fought on foreign battlefields, and countered almost exclusively by the U.S. military. We believe that era is over: the same autonomous, RF-silent systems now cross the U.S. border, loiter over domestic airspace, and probe critical infrastructure at home – and defending against them is no longer the military’s job alone: homeland security, critical infrastructure, and public safety must all be able to detect, orchestrate, and respond. The most dangerous of these systems may carry no radio link, rendering them invisible to the RF-based detection the counter-UAS market is built on. WrapShield is designed to help address that blind spot.

"WrapShield represents our long-term vision for the future of defense and public safety," said Scot Cohen, Chief Executive Officer of WRAP. "We're beginning with one of the most urgent operational challenges facing the world today – countering the rapidly growing threat posed by unmanned aircraft systems. As asymmetric threats become more accessible to lone actors and sophisticated adversaries alike, our customers need platform-level solutions that match the speed, scale, and economics of the threat. WrapShield is our answer: an autonomous platform that is designed to enable earlier detection, AI-assisted decision support, and integration with the response technologies our customers trust. Frenel's advanced thermal polarimetric sensing technology is the first building block in what we believe will become a foundational platform for the next generation of defense and public safety."

A Sensing Capability Applicable Across Emerging Security and Autonomous Markets

Thermal polarimetric sensing is the next level of Visual Actionable Intelligence with applicability extending well beyond traditional public safety environments. Illustrative markets and applications include:

Defense Intelligence, Surveillance, and Reconnaissance (ISR)Counter-Unmanned Aircraft Systems (Counter-UAS)Autonomous Ground, Maritime, and Aerial VehiclesMaritime Domain AwarenessPersistent Surveillance MissionsAI-Enabled Perception SystemsRobotics and Autonomous PlatformsMilitary and Allied Defense ApplicationsBorder SecurityCritical Infrastructure ProtectionIndustrial MonitoringAdvanced Remote Sensing ArchitecturesAirborne and Persistent Observation Missions Because thermal polarimetric sensing measures characteristics inherent to physical materials rather than solely thermal intensity, management believes it is positioned as the underlying technology that will support future applications ranging from ground-based security operations to airborne remote sensing architectures, persistent observation missions, and intelligent autonomous systems where advanced material discrimination, anomaly detection, and situational awareness are increasingly important.

About Frenel Imaging Ltd.

Frenel Imaging Ltd. specializes in polarimetric thermal imaging for defense, security, and precision-sensing applications. Its Division of Focal Plane (DoFP) architecture delivers simultaneous polarimetric and thermal data at the pixel level, processed in real time on deployable edge hardware. Frenel is a 2024 SPIE Prism Award recipient and NVIDIA Inception Program member. www.frenel.ai

About Wrap Technologies, Inc. 
Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations. 

WRAP’s complete public safety portfolio includes the non-lethal BolaWrap® 150 device, Wrap Reality® immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.  

With a growing demand for non-lethal tools and techniques to create time, distance and tactical advantage in non-criminal calls, Wrap's BolaWrap® 150 incorporates a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community.   

Wrap's BolaWrap® 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training. 

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under stress. 
As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations,

WrapReality™ is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve. 

WrapVision is an all-new body-worn camera and evidence management system built for efficiency. 
Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view. 

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks. 

Trademark Information 
WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders. 

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement 
This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements include, but are not limited to, statements relating to the Company’s strategic investment in Frenel; the expected benefits, effects, limitations, and implications of TPiCore® thermal-polarimetric imaging and WrapShield; expected commercialization, integration, deployment, market adoption, and expansion of WrapShield; the Company’s ability to develop, integrate, manufacture, sell, and support current and future products and technologies; the intended performance, benefits, and safety outcomes of the Company’s products and training solutions; expected market opportunities; and the Company's planned future products, technologies, integrations, product designs, and related benefits. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; market acceptance of existing and future products; changes in law enforcement budgets, policies, procurement practices, and use-of-force standards; the availability of funding to continue to finance operations; the complexity, expense, and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations and changes in regulatory classifications or interpretations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for countries outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations.

Investor Relations Contact:
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[email protected]
wrap.com 

MIAMI, July 01, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“WRAP” or the “Company”), a global leader in Non-Lethal Response™ (“NLR”) and public safety technology at https://www.wrap.com, today announced that the University of Maryland, Baltimore County (“UMBC”), https://umbc.edu/, has purchased BolaWrap® devices and NLR training as part of its initial deployment of non-lethal capabilities for campus safety and security. 

“Our priority is to support a safe campus environment while giving officers additional tools that align with responsible, measured response,” states Lt. Col. Ed McDermott of UMBC. “BolaWrap provides a non-lethal capability that may help officers intervene earlier, reduce escalation, and create opportunities for safer resolutions when circumstances allow.” 

The deployment supports UMBC’s ongoing commitment to maintaining a safe, secure, and welcoming environment for students, faculty, staff, and visitors.  

“UMBC public safety officers are expected to learn proper deployment, policy alignment, and scenario-based application of the BolaWrap device as part of a complete, non-lethal system,” states Jared Novick, WRAP President. “This may enhance their existing response protocols and reinforces responsible, disciplined use in real-world campus safety scenarios.” 

For higher education environments, Non-Lethal Response tools may provide a meaningful capability for incidents involving behavioral escalation, crisis response, welfare checks, disorderly conduct, or other encounters where officers may benefit from additional time and distance. WRAP believes the deployment at UMBC may further demonstrate the relevance of its Non-Lethal Response ecosystem beyond traditional municipal law enforcement and into adjacent markets such as universities, healthcare systems, transportation, critical infrastructure, and security. 

The UMBC purchase also builds on WRAP’s broader strategy to expand adoption of its public safety portfolio across organizations seeking safer, scalable, and policy-aligned response capabilities. In addition to BolaWrap, WRAP’s ecosystem includes Wrap Reality immersive training, WrapTactics™ learning management system, WrapVision™ body-worn camera and evidence management solutions, and additional public safety technologies designed to support safer outcomes for officers, subjects, and communities. 

About Wrap Technologies, Inc. 

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations. 

WRAP’s complete public safety portfolio includes the non-lethal BolaWrap® 150 device, Wrap Reality® immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.  

With a growing demand for non-lethal tools and techniques to create time, distance and tactical advantage in non-criminal calls, Wrap's BolaWrap® 150 incorporates a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community.   

Wrap's BolaWrap® 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training. 

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under stress. 

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve. 

WrapVision is an all-new body-worn camera and evidence management system built for efficiency. 

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view. 

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks. 

Trademark Information 

WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders. 

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement 

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the expected benefits and performance of the agreement with University of Maryland, Baltimore County Police Department, the Company's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations. 

Investor Relations Contact:
(800) 583-2652
[email protected]
wrap.com 

MIAMI, April 10, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in Non-Lethal Response (“NLR”) and public safety technology, today announced it has received a purchase order from Advanced Blast & Ballistic Systems Group (“ABBS”) for a pre-order of 20 MERLIN-1 Counter-UAS (“C-UAS”) drone systems for the U.K. public safety market. The order represents an important commercial milestone for Wrap’s expanding drone portfolio and a meaningful step toward broader market entry within the United Kingdom and Europe.

The MERLIN-1 platform is being developed to address a growing operational gap in C-UAS defense. MERLIN-1 is a modular, non-lethal drone-mounted payload designed to entangle and neutralize hostile drones mid-flight with the goal of preventing the prohibitive cost and collateral risk often associated with missiles, fragmentation-based interceptors, or other legacy solutions. The system is intended to provide agencies, critical infrastructure operators, and security stakeholders with a more scalable option for rapidly evolving drone threats.

The purchase order comes as Wrap’s drone roadmap continues to gain traction internationally. In recent months, the Company announced drone-related commercial activity in Canada, Panama, and India, which the Company believes reflects broader momentum around integrated non-lethal tools, training, and technology for public safety and security operations. Those announcements helped position distributor and regional partner demand as an indicator of growing international interest in Wrap’s evolving NLR ecosystem.

“Global public safety is changing quickly, and the rise of drones means human-machine interactions are becoming a more immediate part of the operating environment,” said Jared Novick, President of Wrap. “We believe those interactions must begin with safer, more responsible options. This pre-order implies growing recognition that non-lethal capabilities are not optional add-ons, but an essential layer of modern public safety, security, and critical infrastructure protection. As MERLIN-1 moves closer to go-to-market readiness following recent testing and evaluation activity, we believe international partners are looking for solutions that can help them respond earlier, reduce collateral risk, and preserve operational flexibility.”

Wrap believes the ABBS pre-order may support demonstration, evaluation, and market development efforts tied to counter-drone missions in the U.K. and broader European theater. Through distributor and strategic partner relationships, the Company intends to continue expanding international access to next-generation non-lethal capabilities that align with evolving operational, legal, and public expectations around safer response technologies. Wrap is also in active discussions with ABBS regarding a demonstration unit for an upcoming industry exhibition, which could further support market awareness and partner engagement in the region. The pre-order reflects ABBS’s confidence in Wrap’s Non-Lethal solutions and its view that safer, more responsible public safety technologies are increasingly relevant to evolving operational needs across international markets.

Wrap’s broader drone strategy includes both MERLIN-1 for C-UAS missions and DFR-X, the Company’s next-generation Drone First Responder Interdiction platform designed to move drones beyond passive observation and toward active, non-lethal intervention when seconds matter. Since opening DFR-X pre-orders in Q4 2025, the Company has continued building momentum across its emerging drone portfolio through ongoing development, evaluation, and commercialization activities ahead of targeted go-to-market readiness in Q2 2026.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

Wrap's complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution leads in pre-escalation intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under pressure.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high-stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

Wrap, the Wrap logo, BolaWrap®, WrapReality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the expected benefits and performance of the contract with Advanced Blast & Ballistic Systems group, Wrap's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652

[email protected]

wrap.com

Zacks Investment Research has recently initiated coverage of Wrap Technologies, Inc. (WRAP - Free Report) with an Underperform recommendation, reflecting a cautious outlook shaped by execution challenges, financial risks and valuation concerns, despite some emerging growth drivers.

The company operates in the public safety technology space, offering non-lethal solutions such as its flagship BolaWrap device alongside a growing suite of training, software and digital evidence tools. While the company has evolved into a more diversified platform provider, its financial profile and reliance on early-stage adoption trends continue to raise concerns.

A key negative highlighted in the research report is WRAP’s persistent losses and limited liquidity. The company incurred a net loss of $10.3 million in 2025, widening significantly from the prior year, while maintaining a modest cash balance of $3.5 million. This combination of ongoing cash burn and limited financial flexibility leaves little room for execution missteps and increases downside risk if growth does not accelerate as expected.

Another major concern is the company’s heavy dependence on BolaWrap adoption. Despite efforts to diversify its product portfolio, core product revenues have remained relatively flat, indicating that broader adoption across law enforcement agencies has yet to gain meaningful traction. If pilot programs fail to convert into full-scale deployments, revenue growth could remain constrained in the near to medium term.

The report also emphasizes the challenges associated with long and unpredictable government sales cycles. Wrap’s reliance on public sector customers introduces delays tied to procurement processes, budget approvals and policy reviews. This creates uneven revenue recognition and limits visibility, particularly given the company’s minimal backlog, which provides little assurance of near-term sales stability.

Additionally, Wrap faces increasing competition from larger, better-resourced players across its key markets, including body cameras, training platforms and non-lethal devices. These competitors benefit from stronger distribution networks and bundled offerings, which may pressure pricing, extend sales cycles and limit Wrap’s ability to expand margins or capture market share.

On the positive side, Wrap is beginning to show progress in converting pilot programs into broader deployments, which could drive higher revenue per customer and improve product validation. Early signs of wider adoption suggest that agencies are increasingly integrating the company’s solutions into their workflows, supporting a gradual reduction in adoption risk.

Moreover, the company is seeing strong momentum in its recurring revenue streams, with technology-enabled services growing 85% in 2025. The expansion of subscription-based training, software and digital platforms, combined with its integrated solutions strategy, could enhance revenue visibility and differentiation over time.

Shares have shown mixed momentum relative to broader benchmarks, and the current valuation appears elevated compared to peers. This premium suggests that a significant portion of future growth expectations may already be priced in, leaving the stock vulnerable to downside if execution falls short or growth remains uneven.

Overall, while Wrap is demonstrating early traction through broader deployments and growing recurring revenue streams, these positives are offset by ongoing headwinds, including execution challenges, limited liquidity and uneven revenue visibility.

Read the full Research Report on Wrap here>>>

Note: Our initiation of coverage on Wrap, which has a modest market capitalization of $87.1 million, aims to equip investors with the information needed to make informed decisions in this promising but inherently risky segment of the market.
 

MIAMI, April 16, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in Non-Lethal Response (“NLR”) and public safety technology, today announced that the University of Pittsburgh Medical Center (“UPMC”) Healthcare System has deployed WrapReality™ virtual reality training systems as part of a new enterprise-wide security training initiative.

UPMC Healthcare System, a multi-billion-dollar, nonprofit healthcare network operating around 40 hospitals and employing more than 800 security professionals, including over 250 armed special police officers, recently adopted the WrapReality systems. In Q1 2026 Wrap and UPMC initiated a structured, multi-site VR training program spanning facilities throughout Pennsylvania, including in Pittsburgh and Harrisburg.

This deployment represents an expansion of Wrap’s addressable market into the hospital and healthcare segment, a sector reportedly facing increasing workplace safety challenges, rising incident complexity, and heightened regulatory scrutiny. Healthcare systems are among the fastest-growing environments for security modernization, with growing demand for advanced training platforms that prepare personnel to respond effectively to volatile incidents while prioritizing patient, staff, and visitor safety.

Enterprise-Level Security Modernization

UPMC’s rollout suggests a proactive investment in immersive, scenario-based training for healthcare security teams operating in high-risk, high-stress environments. Hospitals present a complex operating landscape, where personnel may be required to manage behavioral health crises, workplace violence incidents, access control breaches, and coordinated emergency responses, all while maintaining continuity of care.

The WrapReality platform delivers interactive simulations designed to strengthen situational awareness, communication under pressure, de-escalation strategy, and responsible application of force. The system provides repeatable exposure to realistic scenarios that mirror the operational dynamics of healthcare facilities, including emergency departments, inpatient units, and public access areas.

“UPMC is committed to equipping our security personnel with the tools and preparation necessary to safeguard our patients, visitors, and staff,” said David J. Heckman, MBA, Police Chief and Senior Director of Public Safety – Operations at UPMC. “We believe the implementation of immersive virtual reality training allows us to elevate readiness across our organization, enhance coordination among teams, and reinforce appropriate NLR protocols in complex healthcare settings. This initiative supports our broader mission of maintaining a safe and secure care environment.”

Multi-Site Program Deployment

Following UPMC’s adoption of the WrapReality system, Wrap collaborated with UPMC leadership to design a phased enterprise training framework. In Q1 2026, the program launched across multiple facilities in Pittsburgh and Harrisburg, providing dedicated instructor access and operational integration sessions designed for scalable adoption.

The multi-location implementation model positions UPMC to standardize training methodology across its network while maintaining flexibility to tailor scenario content to specific facility profiles. Wrap’s expanding content library includes healthcare-relevant modules, including crisis intervention, behavioral escalation management, workplace violence prevention, and coordinated response procedures involving armed special police units.

By embedding immersive training across geographically dispersed sites, UPMC is expected to establish a replicable framework that can scale across its broader system footprint.

Expanding Wrap’s Healthcare Opportunity

The engagement with UPMC marks a milestone in Wrap’s diversification strategy. While WrapReality has gained traction among municipal law enforcement agencies, entering the healthcare sector represents a meaningful growth opportunity, driven by increasing workplace violence concerns and increased emphasis on preparedness in healthcare.

Hospitals and healthcare networks nationwide are reportedly evaluating advanced training technologies that improve decision-making consistency and mitigate liability exposure. With hospitals and healthcare campuses across the United States exploring dedicated security teams, the healthcare sector presents a meaningful opportunity for Wrap to extend its immersive training ecosystem beyond traditional public safety customers.

Wrap remains focused on expanding adoption of immersive training solutions across law enforcement, corrections, campus security, and now healthcare environments, aligning product innovation with evolving safety requirements.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

Wrap's complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution leads in pre-escalation intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under pressure.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high-stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

Wrap, the Wrap logo, BolaWrap®, WrapReality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the expected benefits and performance of the agreement with the University of Pittsburgh Medical Center Healthcare System, Wrap's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652

[email protected]

wrap.com

MIAMI, April 24, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) (“Wrap” or the “Company”), the global leader in Non-Lethal Response (“NLR”) and public safety technology, today announced the expansion of a strategic partnership with WOFT, LLC (“WOFT”) to develop a new category of proprietary directional light-based safety products and associated training programs. The collaboration is designed to expand Wrap’s addressable market beyond traditional law enforcement into consumer, private security, healthcare, and personal safety environments, while advancing the Company’s broader strategy of building a scalable NLR ecosystem centered on tools, training, and policy.

“People need practical safety tools that are easy to understand, easy to carry, and supported by training that reflects how stressful real-world situations actually unfold,” states Philip Toppino, WOFT’s Chief Executive Officer. “This partnership gives us the opportunity to bring a new category of directional light-based solutions to market with a training model designed to be both accessible and credible. That combination matters because confidence, repetition, and usability are what drive adoption.”

The initiative reflects Wrap’s continued expansion of Non-Lethal Response into earlier-stage intervention and wider use cases. While the Company has historically focused on professional public safety applications, Wrap believes directional light-based products can serve as an effective entry point into its broader, Wrap Non-Lethal Response platform by offering customers a lower friction safety tool supported by structured instruction and repeatable training pathways.

The products expected to be developed through the partnership are intended to use controlled visual stimulus to influence behavior through sensory engagement. The objective is not pain compliance. It is early intervention. It is awareness. It is creating time, space, and a safer opportunity to respond before uncertainty escalates.

The Company believes the expected product developments have relevance across multiple markets. In private security settings, users often need a visible, non-lethal first option. In healthcare environments, staff may benefit from tools that support safer responses during unpredictable encounters. In civilian and personal safety settings, people are increasingly looking for practical products that are simple, portable, and supported by clear training. Wrap and WOFT believe directional light-based tools can help address those needs in a way that aligns with broader demand for safer, more accountable intervention options.

A core part of the collaboration is expected to be the training infrastructure built around the products. Rather than offering tools without reinforcement, the companies intend to deliver a hybrid training model that combines digital learning through Wrap’s Learning Management System with in-person, scenario-based instruction at dedicated facilities. This approach is designed to make training more scalable, more repeatable, and more relevant to real-world use.

Digital learning may support broad access and ongoing reinforcement. In-person instruction may build confidence and practical understanding. Together, the companies believe the model may create a stronger foundation for responsible product adoption across both professional and civilian customer segments.

The partnership also builds on WOFT’s reputation for immersive, real-world training and WRAP’s broader Non-Lethal Response thesis that effective safety programs require more than a standalone product. They require an integrated system. They require training that can be delivered consistently. And they require a framework that allows users to understand when and how a tool should be used.

Wrap believes that system-level approach is what differentiates NLR from traditional point-product categories. The Company’s strategy is to create repeatable safety solutions that can scale across different environments while remaining grounded in lawful control, operational usability, and improved outcomes.

This launch is expected to represent an important step in that direction by broadening the application of Non-Lethal Response beyond conventional law enforcement deployments, opening a pathway into consumer-facing and institutional safety categories, and strengthening WRAP’s ability to serve customers across a wider spectrum of human interaction and risk-management scenarios.

“WRAP is building Non-Lethal Response as an integrated platform, not a single-device story,” states Jared Novick, President of Wrap. “This partnership with WOFT may extend that platform into new markets with products and training designed for earlier intervention, broader accessibility, and practical real-world use. We see directional light-based safety solutions as a natural addition to our long-term strategy of delivering safer, scalable response tools across public safety, private security, healthcare, and consumer environments.”

About WOFT

WOFT is a training organization focused on immersive, real-world instruction designed to prepare professionals and other end users for high-stress operational environments. Through scenario-based training and practical skills development, WOFT supports safer, more confident decision-making across a range of mission and safety applications. For additional information, visit https://woft.com. 

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

WRAP’s complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under stress.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the expected benefits and performance of the agreement with WOFT LLC, the Company's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652

[email protected]

wrap.com

MIAMI, May 06, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or, the “Company”), a global leader in non-lethal response and public safety technology, today announced it will hold a conference call on Wednesday, May 13, 2026 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial and operational results for the first quarter ended March 31, 2026.

Wrap management will host the presentation, followed by a question-and-answer period.

Interested parties may submit questions to the Company prior to the call at [email protected] by 5:00 p.m. Eastern Time on May 11, 2026. Questions will be addressed based on the relevance to the Company’s strategic direction and execution, stockholder base and public disclosure rules.

Date: Wednesday, May 13, 2026
Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
Webcast Link: Click here to register
Dial-In Link: Click here to register for Dial-In

The first quarter 2026 earnings press release with financial results and other related materials will be available on the “Investors” section of Wrap’s website at ir.wrap.com prior to the call.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (NASDAQ: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

Wrap's complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution leads in pre-escalation intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under pressure.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high-stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

Wrap, the Wrap logo, BolaWrap®, WrapReality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to Wrap's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for countries outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652
[email protected]

MIAMI, May 08, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“WRAP” or the “Company”), a global leader in Non-Lethal Response™ (“NLR”) and public safety technology, today announced its participation in a European law enforcement event in Italy designed to introduce public safety leaders to WRAP’s expanding NLR ecosystem, including BolaWrap®, WrapReality™, training programs, and policy-centered implementation strategies. The events include a two-day program on May 13–14, 2026, hosted by WRAP’s strategic Italian partner Defcon Services, and are expected to engage law enforcement leaders, government officials, procurement stakeholders, police unions, and public safety influencers across key European markets.

The Company believes Europe is an important strategic market for WRAP because public safety agencies are evaluating how to modernize response models while reducing reliance on higher levels of force. These events give agency leaders the opportunity to see Non-Lethal Response in practice: the tool, the training methodology, and the policy framework required to deploy it responsibly. BolaWrap is not pain compliance; it is designed to create a tactical window through sight, sound, and sensation so officers can act earlier, control distance, and resolve encounters before they escalate.

The Italy event, promoted as the First European Global Roadshow: “Rethinking Use of Force”, is expected to include approximately 200 attendees representing a broad cross-section of local police, government, and media stakeholders. The workshop is dedicated to innovation in non-lethal technologies, with a focus on the BolaWrap system, integrated virtual reality training, operational effectiveness, and the regulatory framework for managing critical situations. The program is scheduled to include operational presentations, direct participant discussion, and practical demonstrations of BolaWrap and WrapReality.

The event in Italy is expected to include participation from senior WRAP representatives, including international sales leadership, alongside Italian public safety and legal speakers. The program also includes a roundtable with commanders from local and regional police agencies, as well as a legal and operational discussion regarding the qualification and legitimate use of BolaWrap within police equipment and field scenarios. Other international distributor partners are also expected to attend for training and certification, supporting future demonstrations and market development in the region.

WRAP’s NLR strategy is built around the integration of tools, training, and policy. The Company’s BolaWrap device is designed to provide officers with a non-lethal intervention option that can support earlier action in ambiguous or escalating encounters. Unlike traditional force options that may rely on pain compliance, impact, chemical irritation, or electrical incapacitation, BolaWrap is designed to create a multi-sensory compliance opportunity through sight, sound, and sensation. The visible presence of the device and targeting laser may support sight compliance; the sound of deployment may create an auditory disruption; and the sensation of the Kevlar tether may temporarily restrict movement, giving officers a safer opportunity to close distance, stabilize the encounter, and transition toward control when appropriate.

The event in Italy suggests prospective international interest in modern Non-Lethal Response models and WRAP’s expanding global partner network. WRAP believes the European market represents a significant opportunity for NLR adoption as agencies evaluate safer response tools, updated training methodologies, and policy frameworks that support accountable public safety outcomes.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

WRAP’s complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and sensation to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under stress.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to expected attendance, participation and benefits of the conference in Italy, the Company's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652

[email protected]

wrap.com

Wrap Technologies, Inc. (WRAP) Q1 2026 Earnings Call Transcript

MIAMI, May 15, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in Non-Lethal Response (“NLR”) and public safety technology, today announced that William Paterson University (“WPU”) in Wayne, New Jersey, purchased WrapReality™ virtual reality training system to support its Criminology and Criminal Justice Program.

“With our acquisition of the WrapReality virtual reality system, William Paterson University’s Criminology and Criminal Justice Program joins colleges across the country in providing students with innovative, immersive educational technology to prepare future criminal justice professionals,” states Colleen Eren, WPU Program Director of Criminology and Criminal Justice. “Through the WrapReality VR system, which places individuals into high-stakes training scenarios, students may practice effective communication, de-escalation, ethical reasoning, procedural justice, and critical thinking for improving both academic and professional outcomes.”

WPU’s Criminology and Criminal Justice Program is designed to prepare students for careers in law enforcement, law, courts, corrections, public safety, nonprofits, or data analytics. By integrating WrapReality into its academic environment, WPU may provide students with a more applied learning model that connects classroom instruction with scenario-based decision-making. Unlike traditional classroom instruction alone, immersive VR training allows students to engage with realistic public safety scenarios in a controlled environment where decisions, communication strategies, and judgment can be reviewed, repeated, and reinforced. WrapReality is designed to help instructors challenge students with evolving fact patterns, subject behavior, and decision points that reflect real-world complexity.

WrapReality is an immersive virtual reality training platform developed for public safety, security, and educational environments. The system provides realistic, interactive scenarios intended to strengthen communication, situational awareness, decision-making, and de-escalation skills. For higher education institutions, the platform may help bridge academic instruction and applied practice by giving students controlled exposure to scenarios involving crisis response, behavioral escalation, conflict management, and ethical decision-making.

The WPU purchase further supports Wrap’s strategy to expand WrapReality adoption beyond traditional law enforcement customers and into adjacent markets where safety, judgment, and preparedness may be critical. As some universities, healthcare systems, security organizations, and public safety agencies evaluate modern training tools, Wrap believes WrapReality is positioned to play an essential role in building consistent, scalable readiness programs. Wrap remains focused on delivering technology that supports safer outcomes through its broader Non-Lethal Response ecosystem, designed to deploy sight, sound, and then sensation to gain compliance in real-world scenarios.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

WRAP’s complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality™ immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. Wrap's BolaWrap® 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption that leverages sight, sound and restraint to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under stress.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the expected benefits and performance of the agreement with William Paterson University, the Company's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652

[email protected]

wrap.com

MIAMI, May 22, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“WRAP” or the “Company”), a global leader in Non-Lethal Response™ (“NLR”) and public safety technology, today announced that the Company is developing a new low-light training expansion for its WrapReality® virtual reality platform.

“Low-light encounters are a major part of patrol work, but they have historically been difficult to replicate safely, consistently, and at scale,” said Jared Novick, President of WRAP. “We expect these enhancements to give agencies a more realistic way to train officers for nighttime decision-making, directional light use, communication, and force-option judgment. By integrating sight, sound, and then sensation, if necessary, into scenario-based training, WrapReality is intended to help officers to help officers recognize intervention windows, interrupt escalating behavior, maintain distance, and transition to appropriate follow-on control tactics when legally and tactically justified.”

WRAP is developing nighttime and low-light versions of 15 to 20 of the most-used training scenarios in the WrapReality scenario library. These are being built as full day-to-night conversions of existing environments, with the goal of creating realistic low-visibility conditions that more closely reflect what officers may encounter during patrol, building searches, outdoor encounters, and other suboptimal lighting environments.

The expanded scenario library is intended to help officers practice decision-making when verbal commands, subject behavior, environmental lighting, and force-option selection must be evaluated simultaneously. By incorporating directional light and realistic visibility constraints, WrapReality is expected to support repeatable training around early intervention, sensory disruption, and controlled transition tactics.

WRAP is also developing a handheld, directional light-based accessory for the WrapReality training platform meant to replicate the experience of managing a handheld light source alongside other duty tools during high-stress encounters. Once integrated, it is expected to join WrapReality’s existing training force options.

In addition, WRAP is expanding support for weapon-mounted lights within low-light scenarios. Pistol-mounted light functionality was previously available in a limited number of scenarios, and the upcoming expansion is intended to broaden that capability across the updated scenario library.

The development of low-light scenarios, directional light training, and expanded weapon-mounted light support reflects WRAP’s continued investment in WrapReality as part of its broader NLR ecosystem. By extending VR training into nighttime and low-visibility conditions, WRAP is working to address a practical training gap that the Company believes affects a significant portion of patrol activity and remains underserved in both traditional and VR-based training programs. The expansion is expected to support agencies to train officers on the tools available and when and how to use sensory interruption to support safer control, better decision-making, and more disciplined response under stress.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

WRAP’s complete public safety portfolio includes the non-lethal BolaWrap® 150 device, WrapReality® immersive training platform, WrapVision™ body-worn camera system, WrapTactics™ training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette, all of which supports the Company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.

With a growing demand for non-lethal tools and techniques to create time, distance and tactical advantage in non-criminal calls, Wrap's BolaWrap® 150 incorporates a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community.

Wrap's BolaWrap® 150 solution is intended to provide law enforcement with a safer choice for nearly every phase of a critical incident. This innovative, patented device deploys a multi-sensory, cognitive disruption to expand the pre-escalation period and gives officers the advantage and critical time to manage non-compliant subjects before resorting to higher-force options. The BolaWrap® 150 is not pain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap's commitment to public safety through cutting-edge technology and expert training.

WrapReality™ VR is a fully immersive training simulator to enhance decision-making under stress.

As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, WrapReality™ is intended to equip officers with the skills and confidence to navigate high stakes encounters effectively, which we believe leads to safer outcomes for both responders and the communities they serve.

WrapVision is an all-new body-worn camera and evidence management system built for efficiency.

Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, WrapVision captures, stores, and helps manage digital evidence, ensuring operational security, regulatory compliance, and enhanced video picture quality and field of view.

The WrapVision camera, powered by IONODES, boasts streamlined cloud integration and final North American assembly, with a critical made-in-America roadmap projected for early 2026. This track helps ensure data integrity and helps eliminate critical concerns over unauthorized access or foreign surveillance risks.

Trademark Information

WRAP, the Wrap logo, BolaWrap®, Non-Lethal Response™, WrapReality™, Wrap Training Academy, and Non-Lethal Response™ are trademarks of WRAP Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements - Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should", "believe", "target", "project", "goals", "estimate", "potential", "predict", "may", "will", "could", "intend", and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control and include, but are not limited to, statements relating to the Company's planned future products, technologies, integration, intended product designs and expected benefits therefrom, expected market opportunities and outcomes related to Wrap's products to increase officer and public safety. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to maintain compliance with the Nasdaq Capital Market's listing standards; the Company's ability to successfully implement training programs for the use of its products; the Company's ability to manufacture and produce products for its customers; the Company's ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

Investor Relations Contact:

(800) 583-2652

[email protected]

wrap.com

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.

CALGARY, AB / ACCESS Newswire / June 8, 2026 / Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP)(LSE:TXP) announces the completion of its WRAP Retail Offer, which closed on June 5, 2026, together with the previously announced Subscription, Placing and LIFE Offering (collectively, the "Fundraise").

The Fundraise has raised aggregate gross proceeds of US$10.9 million (approximately £8.1 million and C$15.1 million) before expenses. The proceeds comprise approximately US$1.9 million from the subscription by Purebond Limited ("Purebond"), approximately US$8.4 million from the issuance of unsecured non-convertible Debt Securities pursuant to the Subscription Agreement with Purebond, and approximately US$0.6 million in aggregate from investors participating in the Placing, LIFE Offering and WRAP Retail Offer.

In aggregate, 26,631,330 new Common Shares (the "New Common Shares") have been conditionally placed with, or subscribed for by, new and existing investors at the Issue Price of 7 pence and C$0.13 per New Common Share. The New Common Shares represent approximately 8.2 percent of the issued share capital of the Company prior to the Fundraise.

Of the 26,631,330 New Common Shares, 20,235,000 Common Shares are being subscribed for by Purebond, raising gross proceeds of approximately US$1.9 million (approximately £1.4 million and C$2.6 million) (the "First Tranche Subscription Shares"). In addition, pursuant to the Subscription Agreement, the Company has issued unsecured non-convertible debt securities (the "Debt Securities") to Purebond for gross proceeds of approximately US$8.4 million (approximately £6.3 million and C$11.7 million). The Debt Securities were not issued at the Issue Price. Investors are referred to the Company's fundraise launch announcement dated June 4, 2026 (the "Fundraise Announcement") for further details of the Subscription Agreement.

Capitalised terms used in this announcement but not defined have the meanings given to them in the Fundraise Announcement.

Debt Securities Shareholder Approval

As disclosed in the Fundraise Announcement, subject to approval by independent shareholders at the Company's 2026 annual general and special meeting of shareholders, to be held on or about July 23, 2026 (the "General Meeting") and the receipt of all required regulatory approvals (including TSX approval), the Debt Securities are expected to be repaid in full and the repayment proceeds applied to subscribe for Common Shares. If the required approvals are not obtained, the Debt Securities will remain outstanding in accordance with their terms.

Related Party Participation

Purebond entering into the Subscription Agreement with the Company is deemed to be a transaction with a related party pursuant to Rule 13 of the AIM Rules for Companies by virtue of Purebond being a substantial shareholder of the Company. A special committee of independent directors of the Company, which excluded Mr. Bhupendra Kansagra and Mr. Paul Baay (the "Special Committee"), was constituted to review and oversee the related party aspects of the Fundraise. Upon recommendation of the Special Committee, the Board of Directors of the Company (with Mr. Kansagra abstaining) consider, having consulted with the Company's nominated adviser, Canaccord Genuity Limited, that the terms of the Subscription Agreement are fair and reasonable insofar as the Company's shareholders are concerned.

Purebond entering into the Subscription Agreement and the related arrangements described in this announcement also constitute a "related party transaction" for the purposes of applicable Canadian securities laws, including Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In connection with the issuance of Common Shares to Purebond at First Admission (as defined below), the Company is relying on the exemption from the minority approval requirement in section 5.7(a) of MI 61-101 on the basis that the value of the Common Shares to be issued to Purebond at First Admission is not expected to exceed 25 percent of the Company's market capitalization.

In connection with the issuance of the Debt Securities to Purebond, the Company is relying on the exemption from the minority approval requirement in section 5.7(f) of MI 61-101 on the basis that the Debt Securities constitute non-convertible debt on reasonable commercial terms. The Company expects that any repayment of the Debt Securities and redirection of the repayment amount into a subscription for Common Shares pursuant to the repayment and subscription agreement will be subject to receipt of the required shareholder and regulatory approvals.

A material change report will be filed in connection with the related party transaction. The Company expects that such report will be filed less than 21 days prior to closing of the Fundraise due to the accelerated timetable required to complete the financing. The Company believes that this shorter period is reasonable and necessary under the circumstances.

Following First Admission, Purebond's interest in the Company's then total issued share capital is expected to be equal to approximately 19.99 percent. Subject to approval at the General Meeting, redirection of the Debt Securities into a subscription for Common Shares is expected to increase Purebond's interest in the Company's then total enlarged issued share capital to approximately 36.3 percent.

Admission and Total Voting Rights

Application has been made for the 26,631,330 New Common Shares to be admitted to trading on AIM ("First Admission"). Application has also been made to list the New Common Shares on the TSX. Subject to the receipt of required regulatory approvals, First Admission is expected to take place at or around 8:00 a.m. (BST) on June 10, 2026, and listing of the New Common Shares on the TSX is expected to take place at the market open on June 10, 2026.

The new Common Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on First Admission, rank pari passu in all respects with the existing Common Shares and the new Common Shares to be issued pursuant to the Subscription, the Placing, and the LIFE Offering.

Immediately following First Admission, the Company's issued share capital will consist of 351,364,939 Common Shares. The Company does not hold any Common Shares in treasury. Shareholders may use this figure to determine if they are required to notify their interest in, or a change to their interest in, the Company.

Capitalised terms used in this announcement but not defined have the meanings given to them in the Company's Fundraise Announcement.

Touchstone Exploration Inc.

Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol "TXP". For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact:

Touchstone Exploration Inc.
Paul R. Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487
Scott Budau, Chief Financial Officer
Brian Hollingshead, EVP Engineering and Business Development

Canaccord Genuity (Nominated Advisor and Joint Broker)
Adam James / Charlie Hammond Tel: +44 (0) 207 523 8000
Sam Lucas / Darren Furby

Cavendish Capital Markets Limited (Joint Broker)
Neil McDonald / Derrick Lee / Graham Hall Tel: +44 (0) 131 220 6939

FTI Consulting (Financial PR)
Nick Hennis / Ben Brewerton Tel: +44 (0) 203 727 1000
Email: [email protected]

Winterflood Retail Access Platform
Sophia Bechev / Kaitlan Billings Tel: +44 (0) 20 3100 0214
[email protected]

Advisories

This announcement should be read in its entirety. In particular, the information in the "Important Notices" section of the announcement should be read and understood.

Exchange Rates

For reference purposes in this announcement, one British pound has been converted into United States dollars at a rate of 1.00 to US$1.3372 and Canadian dollars at a rate of 1.00 to C$1.8619.

Forward-looking Statements

The information provided in this announcement contains certain forward-looking statements and information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, forecasts, estimates, expectations, and objectives for future operations that are subject to assumptions, risks, and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expect", "believe", "estimate", "potential", "anticipate", "forecast", "pursue", "aim", "intends"and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. The forward-looking statements contained in this announcement speak only as of the date hereof and are expressly qualified by this cautionary statement.

Specifically, this announcement includes, but is not limited to, forward-looking statements relating to:the UK Placing, the WRAP Offer, the Canadian LIFE Offering and the Subscription, including the size, pricing and timing thereof, the type of securities being offered thereunder (including any Debt Securities), the investors participating therein, the intended use of proceeds therefrom (including with respect to future exploration, development and production activities and the locations thereof), the conditions and approvals required and applications being filed in connection therewith; the Company's business plans, strategies, priorities and development plans; and Touchstone's current and future financial position, including the Company's liquidity and the sufficiency of resources to fund current obligations and future capital expenditures. The Company's actual decisions, activities, results, performance, or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Touchstone will derive from them.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Certain of these risks are set out in more detail in the Company's 2025 Annual Information Form dated March 30, 2026 which is available on the Company's profile on SEDAR+ (www.sedarplus.ca) and website (www.touchstoneexploration.com). The forward-looking statements contained in this announcement are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

Important Notices

The content of this announcement has been prepared by and is the sole responsibility of the Company.

The release, publication or distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia (the "United States" or "US")), Australia, Canada, New Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction. This announcement does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for Common Shares in any such jurisdiction.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the US Securities Act and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

WRAP is a proprietary technology platform owned and operated by Marex Financial ("MF"). MF is incorporated under the laws of England and Wales (company no. 5613061, LEI no. 5493003EETVWYSIJ5A20 and VAT registration no. GB 872 8106 13) and is authorised and regulated by the Financial Conduct Authority (FCA registration number 442767). MF's registered address is at 155 Bishopsgate, London, EC2M 3TQ. MF is acting exclusively for the Company and for no-one else and will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the WRAP Retail Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in connection with the WRAP Retail Offer, First Admission and the other arrangements referred to in this announcement.

The value of Common Shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. When you sell your investment, you may get back less than you originally invested. Figures refer to past performance and past performance is not a reliable indicator of future results.Returns may increase or decrease as a result of currency fluctuations.

Certain statements in this announcement may constitute forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These forward-looking statements, which may use words such as "aim", "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, assumptions and uncertainties that could cause the actual results of operations, financial condition, liquidity and dividend policy and the development of the industries in which the Company's businesses operate to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given those risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements.

These forward-looking statements speak only as at the date of this announcement and cannot be relied upon as a guide to future performance. The Company and MF expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the FCA, the London Stock Exchange, the Toronto Stock Exchange or applicable law.

The information in this announcement is for background purposes only and does not purport to be full or complete. Neither MF nor any of its affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. MF and its affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or its contents or otherwise arising in connection therewith.

Any indication in this announcement of the price at which the Common Shares have been bought or sold in the past cannot be relied upon as a guide to future performance. Persons needing advice should consult an independent financial adviser. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings or target dividend per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings or dividends per share of the Company.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The Common Shares to be issued or sold pursuant to the WRAP Retail Offer will not be admitted to trading on any stock exchange other than the London Stock Exchange and/or the Toronto Stock Exchange.

Canaccord Genuity Limited ("Canaccord") which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting as Nominated Adviser and Lead Bookrunner for Touchstone and for no-one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Touchstone for providing the protections afforded to clients of Canaccord, or for providing advice in relation to any matter referred to herein.

Cavendish Capital Markets Limited ("Cavendish") which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting as a Joint Bookrunner for Touchstone and for no-one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Touchstone for providing the protections afforded to clients of Cavendish, or for providing advice in relation to any matter referred to herein.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by either Canaccord or Cavendish or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.

Neither Canaccord nor Cavendish, nor any of their subsidiaries or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Canaccord or Cavendish (as the case may be) in connection with this announcement, any statement contained herein or otherwise.

SOURCE: Touchstone Exploration, Inc.