Wrap Technologies Excels with Milestone in Project MERLIN Progress

Wrap Technologies Achieves Remarkable Progress with Project MERLIN

MIAMI, the Company is thrilled to report that Wrap Technologies, Inc. (NASDAQ: WRAP), a frontrunner in public safety and unmanned aerial systems solutions, has successfully completed Stage One of Phase II testing for their innovative modular aerial defense system, Project MERLIN-1.

Overview of Testing Initiatives

This critical milestone, led by Michael Brown, Vice President of Product at Wrap, was conducted at the newly established U.S. manufacturing and research headquarters. Tests focused on various design specifications, including essential aspects such as housing size and payload integration on an off-site live test range.

Key Achievements in Testing

During Stage One, we validated the reliability and reusability of the MERLIN housing unit. Brown noted, "These outcomes push us towards Stage Two, which involves fully remote flight and fire control testing." This faith in their technology's efficacy marks a promising step forward.

A Step Forward for Project MERLIN

Following the successful Phase I trials, Project MERLIN aims to further manifest Wrap’s mission-driven commitment to non-lethal technologies, bolstering its defense portfolio. The innovative use of patented tethered entanglement technology is a significant part of this initiative, reinforcing our core objectives in CUAS aerial defense.

Vision for the Future

Braden Frame, Chief Commercial Officer at Wrap, emphasizes the platform's role as a crucial element within Wrap's evolving technology portfolio. The focus remains on transforming early engineering successes into commercially viable solutions for law enforcement and public safety sectors worldwide.

Significance of Project MERLIN in Public Safety

Through this initiative, Wrap believes it will enhance its reputation and operational capabilities in public safety arenas. The Virginia facility is poised to play a central role in accelerating research and development as well as ensuring production readiness.

Comprehensive Safety Solutions

Wrap Technologies offers an extensive public safety portfolio, which includes the innovative BolaWrap 150 device, WrapReality™ immersive training platform, and next-gen CUAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette. The mission remains clear: to deliver effective and scalable technologies for various markets.

Innovative Training and Operational Tools

The BolaWrap 150 is recognized for its role in providing law enforcement with a non-pain-based compliance tool, thus allowing officers to manage difficult situations with greater efficacy and reduced risk of injury.

Proven Success and Adoption

With over 1,000 agencies across the U.S. and operations in 60 countries, the effectiveness of Wrap’s technology is evident. The International Association of Directors of Law Enforcement Standards and Training (IADLEST) also underlines the quality of the training provided for these tools.

Future Innovations and Commitment

Wrap Reality™ VR offers first responders dynamic training scenarios, enhancing decision-making under pressure. This comprehensive training platform reflects the evolving challenges that law enforcement faces today and aims to prepare officers for high-stakes encounters.

Efficient Evidence Management with WrapVision

WrapVision is an intuitive body-worn camera and evidence management system designed to promote efficiency and compliance with stringent standards. By ensuring that operational data is secure and easily managed, WrapVision enhances the overall integrity of law enforcement documentation processes.

Conclusion

Wrap Technologies, Inc. continues to innovate and serve public safety organizations with cutting-edge solutions. The progress made with Project MERLIN and other products fortifies the Company's commitment to making a positive impact in communities around the world.

Frequently Asked Questions

What is Project MERLIN?

Project MERLIN is a modular aerial defense system being developed by Wrap Technologies aimed at enhancing public safety through non-lethal technology.

What were the results of Stage One testing?

Stage One testing successfully validated critical design specifications, indicating that the technology is reliable and ready for further development.

How does the BolaWrap 150 work?

The BolaWrap 150 is a non-pain-based device that uses multi-sensory tactics to help law enforcement manage incidents effectively without physical harm.

What role does Wrap's Virginia facility play?

The Virginia facility serves as the core hub for R&D, production, and operational readiness for Wrap’s innovative products and solutions.

How is Wrap Technologies contributing to public safety?

Wrap is committed to providing scalable and effective technologies in public safety and defense, designed to improve outcomes in critical situations.

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