Wrap Technologies Celebrates New Manufacturing Facility Opening
MIAMI — Wrap Technologies, Inc. (NASDAQ: WRAP), a leader in public safety and counter-drone solutions, has officially opened a state-of-the-art manufacturing headquarters in Norton. This facility marks a significant stride not just for the company, but for the local community as well.
Significant Economic Contribution to the Region
Supported by various state initiatives, the $4.1 million project is expected to create over 120 jobs in manufacturing sectors, engineering, logistics, and training. By establishing this new facility, Wrap Technologies hopes to enhance Southwest Virginia’s economy and solidify its reputation as a technology and defense hub.
Community Impact
According to President Jared Novick, the presence of the Governor at the Norton opening symbolizes the importance of this facility for the local economy and the broader mission of Wrap Technologies. With this hub, the organization aims to introduce Made-in-America solutions that prioritize community safety and support law enforcement initiatives.
Manufacturing Excellence and Future Potential
The 20,000-square-foot facility is designed to produce up to 23,000 BolaWrap 150 devices and over 150,000 cassettes each month. This capability positions Wrap Technologies to respond effectively to rising demand. Furthermore, the facility is equipped with a dedicated Research and Development wing, an innovation center, and training spaces.
Meeting Modern Challenges
Wrap's patent-pending 1KC kinetic anti-drone cassette technology allows for advanced solutions in counter-unmanned aerial systems (C-UAS). This innovation is aligned with the needs of the Department of Defense and Department of Homeland Security, providing a crucial layer of security.
Future of Wrap Technologies and Its Commitment
Novick emphasizes that the Norton headquarters isn’t just focused on production; it's an innovation hub aimed at integrating local talent into the industry. By fostering a symbiotic relationship between the community and the company, Wrap Technologies is dedicated to enhancing both shareholder and community value.
Key Benefits of the Norton Manufacturing Facility
The establishment of the Norton facility promises several advantages, including:
- Economic Growth: More than 120 new jobs in diverse sectors.
- Production Capacity: Capability to manufacture 23,000 BolaWrap 150 devices monthly.
- C-UAS Readiness: Enhancing the assembly of advanced anti-drone technologies.
- Innovation Hub: Dedicated space for research and training.
- Made-in-America Manufacturing: Contribution to national economic resilience.
About Wrap Technologies, Inc.
Wrap Technologies, Inc. specializes in progressive public safety solutions and non-lethal tools. Their flagship product, the BolaWrap 150, is designed to offer law enforcement a safer approach to managing conflict situations. This innovative device provides a multi-sensory disruption to enhance the pre-escalation phase of an incident, allowing officers to de-escalate situations without the use of excessive force.
Wrap is proud to have over 1,000 agencies across the U.S. and operations in 60 countries utilizing its technology. The dedicated training programs ensure that all users are well-equipped to handle the challenges of modern law enforcement, combining technology with comprehensive educational resources.
With Wrap Reality™ VR, a fully immersive training simulator, officers are given the opportunity to tackle realistic scenarios that reflect today’s complexities in law enforcement, building their confidence and skills.
Additionally, WrapVision, their innovative body-worn camera system, is engineered for efficiency, security, and compliance, ensuring that all evidence is managed properly while adhering to industry standards.
Frequently Asked Questions
What is the main purpose of the new Norton facility?
The Norton facility is focused on expanding Wrap's production capabilities while serving as an innovation hub for public safety technologies.
How many jobs will the new facility create?
The facility is expected to create over 120 jobs across various sectors including manufacturing and engineering.
What products will be produced at the Norton facility?
The facility will manufacture the BolaWrap 150 devices and 1KC kinetic anti-drone cassettes.
Why is investing in local talent important for Wrap Technologies?
Investing in local talent fosters community growth, creates job opportunities, and aligns the company’s mission with the needs of the region.
What role does the state play in supporting Wrap Technologies?
The state of Virginia backed the project through various economic development partnerships and initiatives, facilitating its establishment and growth.
