Wrap Technologies Launches WrapShield Platform, Invests in Frenel Imaging

MT Newswires Live

07/07

Wrap Technologies (WRAP) said Tuesday it launched WrapShield, an AI-enabled defense and public safety platform that integrates threat detection, decision support and response capabilities.

The company also said it invested in Israel-based Frenel Imaging and obtained exclusive US and NATO rights to Frenel's TPiCore thermal-polarimetric imaging technology for use in WrapShield.

Financial terms of the investment were not provided.

Wrap Technologies shares were down more than 6% in Tuesday trading.

Price: 1.57, Change: -0.11, Percent Change: -6.55

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