Wrap Technologies invests $2M in Frenel Imaging, secures exclusive U.S./NATO license for thermal-polarimetric sensing

WRAP TECHNOLOGIES, INC.

Purchased 74,918 Series A Preferred Shares of Frenel for $2M ($300k previously paid).
Exclusive 4-year license to market TPiCore thermal-polarimetric imaging in U.S. and to NATO customers.
Launched WrapShield platform: autonomous defense system integrating detection, orchestration, and response.
Performance milestones: $3M cumulative net revenue by 36 months, else license converts to non-exclusive.
Investors have option to invest additional $2.5M in Frenel A-2 Preferred Shares within 24 months.

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