Wrap Technologies, Inc. (NASDAQ: WRAP) and XINSURANCE have announced a strategic partnership to develop and market the WRAP Safe Response Program, a certified operating standard for organizations employing or contracting 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 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. The program is designed to address the growing demand for non-lethal tools and techniques to create time, distance, and tactical advantage in non-criminal calls. The BolaWrap 150 incorporates 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.
Wrap Technologies, a global leader in innovative public safety technologies, offers a complete portfolio including the non-lethal BolaWrap 150 device, Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and next-generation C-UAS solutions. The BolaWrap 150 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. 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).
The Safe Response Program is a significant step in providing a standardized approach for private security, which has historically lacked consistent training and equipment guidelines. By partnering with XINSURANCE, WRAP is also addressing liability concerns, making it easier for organizations to adopt the program. This move could reshape the private security industry, offering a safer alternative to traditional force options and potentially reducing incidents that escalate to violence.
The implications of this partnership are far-reaching. It not only opens new revenue streams for Wrap Technologies but also enhances safety in various settings where security personnel operate. With the ATF ruling removing federal barriers, the BolaWrap can now be used by unarmed security guards, providing them with a tool that can de-escalate situations without causing injury. This could lead to fewer lawsuits, reduced insurance claims, and improved community relations.
For more information on this partnership, 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.
