Wrap Technologies (NASDAQ: WRAP) has been selected by WOFT Charities to support the WOFT Teacher Safety Training Program, which received a $475,000 appropriation in Florida's fiscal year 2026-27 state budget. The program aims to provide practical safety and preparedness training for teachers, administrators, and other school personnel, with a focus on situational awareness, threat recognition, early intervention, de-escalation, and avoiding physical confrontation when possible.
This selection marks a significant step for Wrap Technologies in expanding its footprint beyond traditional law enforcement applications into the education sector. The company will provide training support, but it is important to note that the appropriation was made to WOFT, and Wrap will receive only a portion based on services provided. The company clarified that this should not be interpreted as a direct $475,000 award or future revenue.
Under the agreement, Wrap Technologies also gains exclusive access to WOFT's training facility, which is being developed as a national flagship environment for integrated Wrap training. This facility could serve as a model for future expansion into other sectors, including law enforcement, private security, military, and professional safety environments, as well as private citizens. The company envisions incorporating a digital training ecosystem that supports continuous learning, recurring proficiency, and certification.
The importance of this announcement lies in the potential for Wrap Technologies to diversify its revenue streams and establish a presence in the educational safety market. With the increasing focus on school safety across the United States, this partnership could lead to further contracts and collaborations. The training program's emphasis on de-escalation and non-physical intervention aligns with Wrap's mission to provide safer, scalable, and cost-effective public safety technologies.
Wrap Technologies is known for its BolaWrap 150, a non-lethal restraint device that deploys a multi-sensory distraction followed by a non-lethal restraint. The device is used by over 1,000 agencies in the U.S. and in 60 countries. The company also offers Wrap Reality, an immersive VR training simulator, and WrapVision, a body-worn camera system. These technologies could be integrated into the teacher safety training program, enhancing its effectiveness.
The selection by WOFT Charities underscores the growing demand for non-lethal tools and training in various public safety contexts. As schools across the nation grapple with safety challenges, programs like this could become more prevalent, potentially benefiting Wrap Technologies financially and reputationally.
For more information, the full press release is available at https://ibn.fm/d2LF6.
