Wrap Technologies, Inc. (NASDAQ: WRAP) has been selected by WOFT Charities to provide training support for the WOFT Teacher Safety Training Program, which has received a $475,000 appropriation in Florida's fiscal year 2026-27 state budget. This initiative aims to equip teachers, administrators, and school personnel with practical safety and preparedness skills, including situational awareness, threat recognition, early intervention, de-escalation, and avoiding physical confrontation when possible. The program will include real-world scenarios and practical self-defense instruction.
The $475,000 appropriation was made to WOFT, with WRAP receiving a portion based on services provided. It is important to note that this should not be interpreted as a direct $475,000 award or future revenue to WRAP. However, the selection underscores WRAP's growing presence in the public safety training sector, which could have significant implications for the company's growth trajectory.
WRAP also has exclusive access to WOFT's training facility, which is being developed as a national flagship environment for integrated WRAP training. This partnership could serve as a model for expanding beyond education into law enforcement, private security, military, and other professional safety environments. Additionally, WRAP envisions incorporating a digital training ecosystem that supports continuous learning, recurring proficiency, and certification, potentially creating a recurring revenue stream.
The demand for non-lethal tools and training is increasing, as law enforcement agencies seek safer methods to handle non-criminal calls. WRAP's BolaWrap 150 device, a non-lethal restraint tool, has been adopted by over 1,000 agencies across the U.S. and in 60 countries. The device is designed to create time and distance during critical incidents, reducing the risk of injury to officers and subjects. The company's training programs, including WrapReality VR and WrapTactics, are intended to enhance decision-making under stress and provide realistic scenarios for first responders.
This selection by WOFT not only validates WRAP's training capabilities but also positions the company to capitalize on the growing emphasis on school safety. With the exclusive access to a national training facility, WRAP could see increased adoption of its technologies and training programs, potentially driving future revenue growth. As the program expands, it may open doors to other sectors, further diversifying WRAP's customer base and solidifying its role as a leader in public safety technology.
The company's commitment to innovation is evident in its comprehensive portfolio, including the BolaWrap 150, WrapReality, WrapVision body-worn cameras, and next-generation counter-drone solutions. These products support WRAP's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. With the Florida teacher safety program as a potential catalyst, WRAP is poised to expand its influence and drive long-term shareholder value.
