Wrap Technologies shares surge 20.52% intraday as Beaumont approves $1M contract for Axon, citing WRAP's acquisition of Intrensic's body-worn camera solutions.

Wrap Technologies surged 20.52% intraday as the company secured a $1 million contract for law enforcement body-worn cameras in Beaumont, following its acquisition of Intrensic, which offers similar solutions, while the tech sector rebounded on a strong Nasdaq performance. The company specializes in law enforcement equipment, including BolaWrap remote restraint devices and Wrap Intrensic body-worn cameras, serving public safety departments.