Wrap Technologies Receives Order for 20 MERLIN-1 Systems
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
0mins
Should l Buy WRAP?
Wrap Technologies announced it has received a purchase order from Advanced Blast & Ballistic Systems Group for a pre-order of 20 MERLIN-1 Counter-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 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.
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Analyst Views on WRAP
About WRAP
Wrap Technologies, Inc. is a global public safety technology and services company that delivers policing solutions to law enforcement and security personnel worldwide. Its products, services and solutions include BolaWrap Remote Restraint Device, Wrap Reality, and Wrap Intrensic. The BolaWrap Remote Restraint Device is a hand-held remote restraint device that discharges a seven and half-foot Kevlar tether to entangle an individual at a range of 10-25 feet. BolaWrap assists law enforcement to control encounters early without resorting to painful force options. Wrap Reality is a law enforcement three-dimensional training system employing computer graphics virtual reality (VR) with software-enabled content. Wrap Intrensic is a Body-Worn Camera (BWC) and Digital Evidence Management (DEM) solutions provider. BWC and DEM are engaged in capturing, storing, and managing digital evidence for various purposes, including criminal investigations and maintaining transparency in public interactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wrap Technologies Q4 Net Loss Improves 48%
- Net Loss Improvement: Wrap Technologies reported a 48% improvement in Q4 net loss, reducing it to $3.9 million from $7.6 million in the prior year, indicating effective revenue growth and cost control measures.
- Significant Revenue Growth: The company achieved $1.4 million in revenue for Q4, a 55.6% year-over-year increase, suggesting that its market expansion and new product investment strategies are yielding positive results and enhancing future growth potential.
- Operating Expense Control: Total operating expenses decreased by 7% to $4.7 million compared to $5.0 million in the prior year, reflecting the company's ability to maintain cost discipline while investing in new products, which aids in improving overall profitability.
- Operational Loss Improvement: The operational loss improved by 15%, down to $3.9 million from $4.6 million in the previous year, demonstrating the company's ongoing efforts in operational efficiency and cost management, which boosts investor confidence.
See More
Wrap Launches Non-Lethal Response Training Program
- Program Launch: Wrap Technologies has introduced the Master Trainer Instructor Program at WOFT in Florida, aimed at enhancing law enforcement's non-lethal response capabilities, which is expected to significantly improve safety and effectiveness in policing operations.
- Quarterly Training Schedule: The program establishes a quarterly training cadence designed to expand instructor capacity, providing direct access to Wrap's non-lethal response technology and training platform for law enforcement agencies across Florida and the Southeast, thereby enhancing officers' response capabilities.
- Technology Integration and Application: By partnering with Storm Training Group, Wrap combines non-lethal response technologies with real-world training, assisting officers in effectively reducing injuries and improving public safety during high-risk encounters.
- Future Development Plans: Wrap plans to expand future training cycles to include broader operational concepts such as Drone-as-First-Responder and Counter-UAS applications, further promoting the application of non-lethal systems and enhancing law enforcement efficiency.
See More
Wrap Technologies Expands Operations into Panama
- Strategic Partnership: Wrap Technologies has formed an exclusive partnership with Servicios Tácticos de Seguridad S.A. to promote its non-lethal response technologies in Panama, including the BolaWrap® 150, which is expected to significantly enhance local public safety technology integration.
- Market Demand Response: As a regional logistics and maritime hub, Panama has increasing demands from security stakeholders for advanced technology and training, and this collaboration aims to meet those needs by providing integrated solutions, thereby strengthening Wrap's competitiveness in the Latin American market.
- Product Demonstrations and Training: Wrap and STS plan to conduct product demonstrations and operational training in Q2 2026, aimed at showcasing Wrap's technological capabilities to law enforcement and national security leaders, which is expected to facilitate rapid adoption and usage by customers.
- Global Expansion Strategy: This partnership represents a significant step in Wrap's international growth strategy in Latin America, as it aims to accelerate the adoption of its non-lethal technologies by collaborating with experienced local integrators to enhance public safety organizations' response capabilities.
See More
WRAP Opens Drone Testing Center in Florida
- Dual-Purpose Platform: WRAP's newly opened headquarters in Florida will serve as both a drone and counter-UAS test range, integrating non-lethal response training to accelerate the adoption of lawful non-lethal capabilities and enhance security agencies' response capabilities.
- Controlled Program Implementation: The center will conduct controlled programs for adversarial drone detection and mitigation, validating payload deployment and drone-to-drone and air-to-ground interactions, ensuring evaluations under real-world operational conditions at critical infrastructure and public venues.
- Positive Market Reaction: Following the announcement of the new center, WRAP's stock traded over 7% higher in Monday's premarket, although retail investor sentiment remains in 'bearish' territory, indicating cautious market outlook on the company's prospects.
- International Collaboration Plans: WRAP plans to offer structured in-person training programs for domestic and international agencies, including operational integration, instructor certification, and policy workshops, further enhancing collaboration with federal, state, and local security agencies.
See More
Wrap Technologies Launches Drone Testing Headquarters in Florida
- Strategic Partnership: Wrap Technologies has signed a strategic partnership agreement with WOFT, LLC in Florida to establish an integrated drone testing and non-lethal response training headquarters, addressing the growing interest from U.S. federal and national security stakeholders in non-lethal technologies, thereby enhancing the company's market position in public safety.
- Dual-Purpose Platform: The new facility will serve as both a drone and counter-UAS test range, integrating engineering validation, operational simulation, and certification training to support Wrap's drone-enabled non-lethal response ecosystem, which is expected to accelerate product commercialization and improve client procurement decision-making.
- Training and Evaluation: The center will offer regular training programs for domestic and international agencies, including operational integration training and policy integration workshops, emphasizing stress-based decision-making and scenario immersion to enhance officers' response capabilities and decision quality.
- Market Acceleration and Evaluation: Wrap plans to support structured federal engagement initiatives through the facility, conducting proof-of-concept validations and capability briefings, aiming to position non-lethal technology as a foundational layer of lawful proactive response, thus driving market acceptance of next-generation non-lethal and counter-drone technologies.
See More
Wrap Technologies Expands Manufacturing Partnership with Kform
- Expanded Collaboration: Wrap Technologies has expanded its manufacturing partnership with Kform, Inc. to accelerate the development and production of its drone-based non-lethal system, MERLIN-1, marking a significant milestone in the commercialization of drone-deployable non-lethal capabilities.
- Purchase Orders Signed: Wrap has formally signed purchase orders for multiple DFR-X systems, which are expected to drive rapid prototyping and precision manufacturing, thereby enhancing the company's competitive position in the public safety sector.
- Technology Integration: The DFR-X platform integrates Wrap's non-lethal restraint technology with unmanned aerial systems, aiming to enhance officer safety and reduce the likelihood of lethal force outcomes in high-risk situations, thus advancing public safety and national security capabilities.
- Strategic Positioning: This expanded partnership aligns with Wrap's broader U.S. manufacturing strategy, expected to increase domestic production capabilities to meet federal and defense customer demands, further solidifying Wrap's market position at the intersection of non-lethal technology and unmanned systems integration.
See More
Wrap Technologies Q4 Net Loss Improves 48%
- Net Loss Improvement: Wrap Technologies reported a 48% improvement in Q4 net loss, reducing it to $3.9 million from $7.6 million in the prior year, indicating effective revenue growth and cost control measures.
- Significant Revenue Growth: The company achieved $1.4 million in revenue for Q4, a 55.6% year-over-year increase, suggesting that its market expansion and new product investment strategies are yielding positive results and enhancing future growth potential.
- Operating Expense Control: Total operating expenses decreased by 7% to $4.7 million compared to $5.0 million in the prior year, reflecting the company's ability to maintain cost discipline while investing in new products, which aids in improving overall profitability.
- Operational Loss Improvement: The operational loss improved by 15%, down to $3.9 million from $4.6 million in the previous year, demonstrating the company's ongoing efforts in operational efficiency and cost management, which boosts investor confidence.
See More
Wrap Launches Non-Lethal Response Training Program
- Program Launch: Wrap Technologies has introduced the Master Trainer Instructor Program at WOFT in Florida, aimed at enhancing law enforcement's non-lethal response capabilities, which is expected to significantly improve safety and effectiveness in policing operations.
- Quarterly Training Schedule: The program establishes a quarterly training cadence designed to expand instructor capacity, providing direct access to Wrap's non-lethal response technology and training platform for law enforcement agencies across Florida and the Southeast, thereby enhancing officers' response capabilities.
- Technology Integration and Application: By partnering with Storm Training Group, Wrap combines non-lethal response technologies with real-world training, assisting officers in effectively reducing injuries and improving public safety during high-risk encounters.
- Future Development Plans: Wrap plans to expand future training cycles to include broader operational concepts such as Drone-as-First-Responder and Counter-UAS applications, further promoting the application of non-lethal systems and enhancing law enforcement efficiency.
See More
Wrap Technologies Expands Operations into Panama
- Strategic Partnership: Wrap Technologies has formed an exclusive partnership with Servicios Tácticos de Seguridad S.A. to promote its non-lethal response technologies in Panama, including the BolaWrap® 150, which is expected to significantly enhance local public safety technology integration.
- Market Demand Response: As a regional logistics and maritime hub, Panama has increasing demands from security stakeholders for advanced technology and training, and this collaboration aims to meet those needs by providing integrated solutions, thereby strengthening Wrap's competitiveness in the Latin American market.
- Product Demonstrations and Training: Wrap and STS plan to conduct product demonstrations and operational training in Q2 2026, aimed at showcasing Wrap's technological capabilities to law enforcement and national security leaders, which is expected to facilitate rapid adoption and usage by customers.
- Global Expansion Strategy: This partnership represents a significant step in Wrap's international growth strategy in Latin America, as it aims to accelerate the adoption of its non-lethal technologies by collaborating with experienced local integrators to enhance public safety organizations' response capabilities.
See More
WRAP Opens Drone Testing Center in Florida
- Dual-Purpose Platform: WRAP's newly opened headquarters in Florida will serve as both a drone and counter-UAS test range, integrating non-lethal response training to accelerate the adoption of lawful non-lethal capabilities and enhance security agencies' response capabilities.
- Controlled Program Implementation: The center will conduct controlled programs for adversarial drone detection and mitigation, validating payload deployment and drone-to-drone and air-to-ground interactions, ensuring evaluations under real-world operational conditions at critical infrastructure and public venues.
- Positive Market Reaction: Following the announcement of the new center, WRAP's stock traded over 7% higher in Monday's premarket, although retail investor sentiment remains in 'bearish' territory, indicating cautious market outlook on the company's prospects.
- International Collaboration Plans: WRAP plans to offer structured in-person training programs for domestic and international agencies, including operational integration, instructor certification, and policy workshops, further enhancing collaboration with federal, state, and local security agencies.
See More
Wrap Technologies Launches Drone Testing Headquarters in Florida
- Strategic Partnership: Wrap Technologies has signed a strategic partnership agreement with WOFT, LLC in Florida to establish an integrated drone testing and non-lethal response training headquarters, addressing the growing interest from U.S. federal and national security stakeholders in non-lethal technologies, thereby enhancing the company's market position in public safety.
- Dual-Purpose Platform: The new facility will serve as both a drone and counter-UAS test range, integrating engineering validation, operational simulation, and certification training to support Wrap's drone-enabled non-lethal response ecosystem, which is expected to accelerate product commercialization and improve client procurement decision-making.
- Training and Evaluation: The center will offer regular training programs for domestic and international agencies, including operational integration training and policy integration workshops, emphasizing stress-based decision-making and scenario immersion to enhance officers' response capabilities and decision quality.
- Market Acceleration and Evaluation: Wrap plans to support structured federal engagement initiatives through the facility, conducting proof-of-concept validations and capability briefings, aiming to position non-lethal technology as a foundational layer of lawful proactive response, thus driving market acceptance of next-generation non-lethal and counter-drone technologies.
See More
Wrap Technologies Expands Manufacturing Partnership with Kform
- Expanded Collaboration: Wrap Technologies has expanded its manufacturing partnership with Kform, Inc. to accelerate the development and production of its drone-based non-lethal system, MERLIN-1, marking a significant milestone in the commercialization of drone-deployable non-lethal capabilities.
- Purchase Orders Signed: Wrap has formally signed purchase orders for multiple DFR-X systems, which are expected to drive rapid prototyping and precision manufacturing, thereby enhancing the company's competitive position in the public safety sector.
- Technology Integration: The DFR-X platform integrates Wrap's non-lethal restraint technology with unmanned aerial systems, aiming to enhance officer safety and reduce the likelihood of lethal force outcomes in high-risk situations, thus advancing public safety and national security capabilities.
- Strategic Positioning: This expanded partnership aligns with Wrap's broader U.S. manufacturing strategy, expected to increase domestic production capabilities to meet federal and defense customer demands, further solidifying Wrap's market position at the intersection of non-lethal technology and unmanned systems integration.
See More
