Wrap Technologies (NASDAQ: WRAP) and XINSURANCE have announced a strategic partnership to develop and launch the WRAP Safe Response Program, a certified operating standard for organizations that employ or contract security personnel. The program aims to establish a documented standard for training, equipment, and response before encounters escalate, targeting a U.S. workforce of approximately 1.28 million security guards across corporations, healthcare systems, schools, retailers, hospitality properties, transportation networks, critical infrastructure, and other environments.
The initiative follows the June 15 Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) ruling that classified the BolaWrap 150 as neither a firearm under the Gun Control Act nor a weapon under the National Firearms Act. This ruling removes a federal barrier to its use as an early intervention option for unarmed security personnel, paving the way for broader adoption in the private security sector.
Under the partnership, WRAP will own, certify, and audit the Safe Response standard, while organizations can adopt it for their own security operations and require contracted security providers to certify personnel under the program. XINSURANCE will handle insurance activities contemplated by the program, including product design, underwriting, pricing, placement, policy servicing, and claims. WRAP said the model expands its addressable market beyond law enforcement by enabling enterprises carrying security-related risk to establish the standard across their properties and contracted security operations.
This strategic move positions WRAP to capitalize on the growing demand for non-lethal tools and techniques in private security settings. The BolaWrap 150, which incorporates a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required, is designed to reduce the risk of injury to officers, subjects, and the community. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing WRAP's commitment to public safety through cutting-edge technology and expert training.
The partnership with XINSURANCE is particularly significant as it addresses liability concerns that have historically hindered the adoption of less-lethal tools in the private sector. By integrating insurance solutions into the program, WRAP and XINSURANCE are providing a comprehensive framework that could accelerate market penetration. For more details on the partnership, visit https://ibn.fm/lvlln.
Wrap Technologies, a global leader in innovative public safety technologies, offers a complete portfolio including the BolaWrap 150, Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and next-generation counter-unmanned aerial system (C-UAS) solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette. These products support the company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.
The Safe Response Program could fundamentally change how private security operates, offering a standardized approach that emphasizes de-escalation and early intervention. As security threats evolve, this program provides a proactive solution that aligns with the growing emphasis on reducing the use of force and improving outcomes for both security personnel and the public. With the ATF ruling removing a significant hurdle, the timing of this partnership positions WRAP to lead in this emerging segment.
