Wrap Technologies Renews VR Training Agreement with LVMPD

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Apr 22 2026

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WRAP-2.72%

Should l Buy WRAP?

Source: Yahoo Finance

Contract Renewal: Wrap Technologies has renewed a five-year agreement with the Las Vegas Metropolitan Police Department (LVMPD) for the WrapReality™ virtual reality training platform, indicating the department's ongoing reliance on immersive training to enhance officers' decision-making and tactical judgment.
Onsite Evaluation: The renewal follows an onsite engagement in January 2026, where Wrap leadership collaborated with LVMPD Academy leaders and training staff to assess system performance and discuss curriculum integration, ensuring alignment on future training priorities.
Enhanced Training Outcomes: The WrapReality platform is designed to deliver repeatable virtual reality experiences that help officers improve situational awareness and de-escalation skills in a controlled environment, thereby boosting their confidence and competence when facing real-world scenarios.
Strategic Implications: Through its long-term partnership with LVMPD, Wrap Technologies solidifies its influence in the public safety sector, driving the modernization of training ecosystems to address increasingly complex law enforcement challenges.

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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.

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Increased Financing Flexibility: Management emphasized that ongoing operational execution is expected to yield more financing options, although external risks such as competition and government funding decisions remain.

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