WRAP Stock Spikes Pre-Market: What’s Behind The New Drone Testing Expansion?
Synopsis
The company has opened a new integrated headquarters in Florida for drone testing and non-lethal response training.
Wrap Technologies, Inc. (WRAP) announced on Monday the opening of a new integrated headquarters in Florida for drone testing and non-lethal response (NLR) training.
This move is part of a strategic partnership with WOFT, LLC, a Florida-based training facility, aimed at supporting federal, state, and local security agencies.
The facility will serve as an operational hub for counter-UAS (unmanned aerial system) validation, drone-based non-lethal deployment testing, instructor certification, and agency evaluation programs.
Following the update, Wrap Technologies' stock traded over 7% higher in Monday’s premarket.
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