RegulatoryJul 9, 2026, 08:30 AM
Wrap Technologies' BolaWrap 150 Classified as Restraint by ATF
AI Summary
Wrap Technologies Inc. announced that the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) issued Ruling 2026-2, formally classifying its BolaWrap(R) 150 device as an instrument of restraint. This classification means the device is not considered a firearm or weapon under the Gun Control Act and National Firearms Act. The company views this as the most significant development in its commercial history, strengthening its position in the public safety market amidst increasing demand for non-lethal law enforcement tools.
Key Highlights
- ATF Ruling 2026-2 formally classified the BolaWrap(R) 150 as an instrument of restraint.
- The BolaWrap(R) 150 is not classified as a firearm or weapon under federal acts.
- This ruling is considered the single most consequential development in the company's commercial history.
- The classification strengthens Wrap Technologies' position in the global public-safety space.
- BolaWrap(R) 150 is used by over 1,000 agencies in the US and 60 additional countries.
- The company's portfolio includes Wrap Reality(R) immersive training and WrapVision(TM) body-worn camera system.
Price Impact
More from WRAP