New LaunchJul 13, 2026, 05:16 PM
WRAP Launches WrapShield Platform, Invests $2M in Frenel Imaging
AI Summary
WRAP Technologies, Inc. launched WrapShield, an autonomous defense and public safety platform, anchored by a strategic $2 million investment in Frenel Imaging Ltd. The investment secured WRAP exclusive U.S. and NATO commercialization rights to Frenel's TPiCore® thermal-polarimetric sensing technology, which forms the detection layer for WrapShield. The platform aims to connect advanced sensing, AI, and response technologies, initially focusing on counter-UAS applications.
Key Highlights
- WRAP invested $2,000,000 in Frenel Imaging Ltd. for 74,918 Series A Preferred Shares.
- Launched WrapShield, a new autonomous defense and public safety platform.
- Secured exclusive license for Frenel's TPiCore® technology in the U.S. and for NATO customers.
- WrapShield's initial application is counter-Unmanned Aircraft Systems (UAS).
- Frenel's TPiCore® technology provides advanced thermal-polarimetric imaging for threat detection.
- WRAP has an irrevocable right to make additional investments of up to $2,500,000 in Frenel.
- The exclusive distribution license is for an initial period of four years.
Price Impact
More from WRAP