Wrap Technologies, Inc. (NASDAQ: WRAP) announced the appointment of Eric Bowen as chief operating officer, effective Nov. 16, 2026, as the company advances its strategy to scale commercialization and expand recurring revenue opportunities. The move signals a focus on tightening operational execution across manufacturing, supply chain, customer onboarding, training delivery and subscription-based programs.
Bowen brings more than a decade of experience serving government and national security markets, including approximately 12 years at Babel Street, where he held senior operational leadership positions. Most recently, he served as chief revenue officer of Ursa Space Systems. He will report to President Jared Novick, who will continue overseeing corporate strategy, revenue growth, commercialization and strategic partnerships.
The appointment follows several developments that position Wrap for growth. The federal Bureau of Alcohol, Tobacco, Firearms and Explosives has classified the BolaWrap(R) 150 as an instrument of restraint and rescue rather than a firearm or weapon. The company has also completed its core learning management system content library and secured a $12 million institutional financing in August. These milestones support Wrap's focus on expanding its non-lethal response business while advancing WrapShield(TM), its emerging detection, orchestration and response platform, supported by a strategic partnership with Frenel Imaging Ltd.
Bowen's operational mandate is central to Wrap's ability to convert its pipeline into recurring revenue. By leading manufacturing, supply chain and customer onboarding, he will be responsible for ensuring that agencies adopting BolaWrap and related training programs can be served at scale. The company expects to provide additional updates on WrapShield(TM) and its Frenel partnership in the coming weeks.
Wrap Technologies, Inc. is a public safety technology company focused on non-lethal response solutions, training, and integrated technologies designed to support law enforcement and security professionals. Through its BolaWrap family of remote restraint devices, training programs, and expanding technology portfolio, WRAP seeks to provide officers and agencies with additional options to manage encounters, support de-escalation, and improve public safety outcomes. The latest news and updates relating to WRAP are available in the company's newsroom at https://nnw.fm/WRAP.
For investors and industry observers, the COO appointment matters because it addresses execution risk at a time when Wrap is transitioning from a device maker to a broader platform provider. The ATF determination removes a key regulatory uncertainty for BolaWrap 150, potentially easing adoption by law enforcement agencies. The completed LMS content library and August financing provide the resources and training infrastructure needed to scale. Bowen's experience in government and national security markets—particularly his tenure at Babel Street and Ursa Space Systems—could help Wrap navigate complex procurement cycles and expand its recurring revenue base. The full press release is available at https://nnw.fm/4Qmlf.
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