Wrap Technologies (NASDAQ: WRAP) and XINSURANCE have announced a strategic partnership to develop and bring to market 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.
Under the partnership, Wrap Technologies 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 Technologies 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.
The BolaWrap 150 is a non-lethal restraint device that deploys a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community. The device is not pain-based compliance; it does not shoot, strike, shock, or incapacitate. Instead, it helps officers strategically operate pre-escalation on the force continuum, reducing the risk of injury to both officers and subjects. It is used by over 1,000 agencies across the U.S. and in 60 countries, and its training is certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).
The Safe Response Program is designed to provide a standardized framework for private security personnel, potentially improving safety outcomes and reducing liability for organizations. By adopting the program, organizations can ensure that their security staff are trained and equipped to handle incidents with a focus on de-escalation and non-lethal intervention. This could lead to fewer injuries, lower costs associated with incidents, and improved community relations.
Wrap Technologies also offers a comprehensive public safety portfolio, including the Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and next-generation counter-unmanned aircraft systems (C-UAS) solutions. These technologies support the company’s mission to provide safer, scalable, and cost-effective solutions for public safety, defense, and critical infrastructure markets.
The partnership with XINSURANCE is expected to facilitate the adoption of the Safe Response Program by providing insurance products that align with the certified standard. This could make it easier for organizations to implement the program, as they may receive favorable insurance terms for meeting the standard. The program also creates a new revenue stream for Wrap Technologies and expands its presence in the private security sector.
For more information on the full press release, visit https://ibn.fm/lvlln. The latest news and updates relating to WRAP are available in the company’s newsroom at https://ibn.fm/WRAP.
