Fellow Stockholders,

Law-enforcement tools, technologies and tactics are under constant scrutiny—not just for their effectiveness, but for how they’re viewed by the public. As public perception and the legal landscape evolve, law enforcement officers and leaders must balance their constitutional oath to protect with growing public expectations. Wrap’s BolaWrap 150 was designed to fill the critical gap between verbal commands and use-of-force options. With proper training, it has become the most‑used tool in agencies that integrate it.

The Supreme Court’s Barnes v. Felix decision broadens officer accountability by expanding liability beyond the moment force is applied. The ruling introduces a “totality of the circumstances” test and underscores the need to prevent escalation before it begins. Wrap believes that departments lacking pre‑escalation tools, training or tactics may face increased litigation risk, consent decrees and community backlash. This shift affirms Wrap’s long‑held view that early intervention reduces liability and improves public safety outcomes.

Wrap positions BolaWrap as a non‑pain‑based, constitutionally sound device that can be deployed rapidly during the earliest stages of subject non‑compliance. To align with the evolving legal landscape, the company has filed federal trademark applications for “Pre‑Escalation” and the “WrapWindow.” Pre‑Escalation describes the window of time for officers to act before a situation escalates, while the WrapWindow defines the critical period when officers can handcuff a subject when verbal commands are ineffective. Wrap believes the BolaWrap 150 excels in this period and helps deliver a non‑pain‑based intervention with the least risk to officers and subjects. The letter also outlines Wrap’s readiness for widespread adoption through programs such as WrapPlus, WrapTactics training and WrapReady, and thanks employees, partners, investors and officers for their support.

About Wrap Technologies, Inc.

Wrap Technologies, Inc. (Nasdaq: WRAP) is a global leader in public safety solutions, delivering non‑lethal tools and training to address modern law enforcement challenges. The BolaWrap® solution deploys light, sound and a Kevlar tether to restrain individuals from a distance, giving officers time and space before resorting to higher force. Wrap Reality™ VR provides immersive training scenarios, and Wrap Intrensic is an advanced body‑worn camera and evidence management system.