Wrap Technologies (WRAP) Highlights Strategic Transformation in Letter to Stockholders

About this update from Wrap Technologies, Inc.

LOS ANGELES, CA - July 10, 2026 ( NEWMEDIAWIRE ) - WrapTechnologies (NASDAQ: WRAP) issued a letter to stockholders outlining its strategy to evolve from a single-product company into an integrated public safety technology platform focused on artificial intelligence, advanced sensing, autonomous decision support and measured, non-lethal response. The company said its WrapShield(TM) platform is designed to integrate threat detection, classification, decision support and proportionate response across applications including law enforcement, border security, critical infrastructure, transportation and defense support. Wrap said key milestones supporting its strategy include a favorable Bureau of Alcohol, Tobacco, Firearms and Explosives ruling classifying the BolaWrap(R) 150 as an instrument of restraint rather than a firearm, as well as its investment in Frenel Imaging Ltd. and exclusive U.S. and NATO commercialization rights for the company's thermal-polarimetric sensing technology. Management also cited expanding customer adoption, growing international partnerships, increased bookings and continued investments in technology as positioning the company for long-term growth. To view the full press release, visit https://ibn.fm/tYV2U AboutWrapTechnologies, Inc. WrapTechnologies, Inc., a global leader in innovative public safety technologies and non-lethal tools, deliveringcutting-edgetechnology with exceptional people to address the complex, modern day challenges facing public safety organizations. WRAP'scomplete public safety portfolio includes the non-lethalBolaWrap(R)150 device,WrapReality(R)immersive training platform,WrapVision(TM) body-worn camera system,WrapTactics(TM) 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 tacticaladvantagein non-criminal calls,Wrap's BolaWrap(R)150incorporates a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation isrequired. This approach reduces the risk of injury to officers, subjects, and the community. Wrap's BolaWrap(R)150 solutionisintended to provide law enforcement with a safer choice fornearly everyphase of a critical incident. This innovative, patented device deploysa 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(R)150 is notpain-based compliance. It does not shoot, strike, shock, or incapacitate, instead, it helps officers strategicallyoperatepre-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(R)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 throughcutting-edgetechnology and expert training.

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