Wrap Technologies (NASDAQ: WRAP) has been selected by WOFT Charities to provide training support for 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 equip teachers, administrators, and other school personnel with practical safety and preparedness skills, including situational awareness, threat recognition, early intervention, de-escalation, and avoiding physical confrontation when possible. The training 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, and should not be interpreted as a direct $475,000 award or future revenue to WRAP. However, this selection marks a significant step for WRAP in expanding its training services beyond traditional law enforcement markets. The company also has exclusive access to WOFT's training facility, which is being developed as a national flagship environment for integrated WRAP training. WRAP believes this model could expand into law enforcement, private security, military, and other professional safety environments, as well as private citizens, potentially incorporating a digital training ecosystem for continuous learning and certification.
This development is important because it demonstrates WRAP's strategic move to diversify its customer base and apply its public safety technologies and training to the education sector. The company's portfolio includes the BolaWrap 150, a non-lethal restraint device, and Wrap Reality, an immersive VR training simulator. These tools are designed to enhance decision-making under stress and provide safer alternatives in critical incidents. The selection for the Florida program could open new revenue streams and establish WRAP as a key player in school safety, a growing concern in the United States.
For more details, the full press release is available at https://ibn.fm/d2LF6. Investors and stakeholders can also find the latest news and updates on WRAP in the company's newsroom at https://ibn.fm/WRAP.
Forward-looking statements in this article involve risks and uncertainties, including those detailed in the company's SEC filings. Investors should not place undue reliance on these statements, as actual results may differ materially.
