WRAP Opens Q3 with $1.2 Million in International Orders, Reaffirms 100% Revenue Growth Target for 2026 Following Landmark Federal Declassification Ruling

About this update from Wrap Technologies, Inc.

Orders across Brazil and India, expanding international adoption, growing repeat customer demand and favorable regulatory tailwinds reinforce WRAP's transition toward broader commercial scale MIAMI, July 13, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) ("WRAP" or the "Company"), a global public safety technology company delivering intelligent detection, orchestration and response solutions designed for the next generation of autonomous public safety, today announced that it has entered the third quarter of 2026 with momentum, driven by international orders from customers in Brazil and India, which management believes provides an early commercial foundation for the quarter and reflects growing worldwide demand for the Company's non-lethal public safety technologies. The orders reflect continued expansion across the Company's international markets and represent commercial activity already secured as WRAP entered the quarter — independent of the increased inbound interest the Company has experienced following the recent landmark Bureau of Alcohol, Tobacco, Firearms and Explosives ("ATF") ruling classifying the BolaWrap® 150 as an instrument of restraint rather than a firearm or an "any other weapon." Management believes the convergence of expanding international adoption, repeat customer demand, and a more favorable regulatory environment positions WRAP for what could be one of the Company's most significant quarters to date. Momentum from International Orders to Open Q3 WRAP received international orders totaling approximately $1.2 million to open the third quarter. In Brazil, distributors placed orders on behalf of two public safety agencies, and a distributor in India placed an additional order. These orders were booked as WRAP entered the third quarter, with the associated revenue expected to be recognized in the period. These bookings underscore continued international adoption of the BolaWrap 150. Management believes repeat purchasing activity across the Company's international base is particularly meaningful, as it reflects customers moving beyond initial evaluations to expand deployments following operational experience with the product. Landmark ATF Ruling Removes a Longstanding Regulatory Barrier On June 15, 2026, the ATF issued Ruling 2026-2, formally classifying the BolaWrap 150 as an instrument of restraint rather than a firearm or an "any other weapon" (AOW). The ruling supersedes prior ATF classifications and, in management's view, removes a longstanding federal classification that previously complicated procurement, distribution, and adoption in certain markets.

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