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. 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, and most recently 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. Bowen will lead operational execution across Wrap’s core business, including manufacturing, supply chain, customer onboarding, training delivery and subscription-based programs.
The appointment follows several developments, including a federal Bureau of Alcohol, Tobacco, Firearms and Explosives determination classifying the BolaWrap(R) 150 as an instrument of restraint and rescue rather than a firearm or weapon, completion of the company’s core learning management system content library and a $12 million institutional financing in August. Wrap is focused 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. The company expects to provide additional updates on WrapShield(TM) and its Frenel partnership in the coming weeks.
For investors, the COO appointment signals a push to tighten operational execution as Wrap moves to scale commercialization and recurring revenue. The ATF classification may ease adoption of the BolaWrap 150 among agencies, while the completed learning management system content library could support training delivery and subscription-based programs. The August financing provides capital to support these initiatives. Bowen’s background in government and national security markets may also aid Wrap’s efforts to serve law enforcement and security professionals.
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