Wrap Technologies (NASDAQ: WRAP) has announced a strategic partnership with XINSURANCE to develop the WRAP Safe Response Program, a certified operating standard for organizations employing or contracting security personnel. This initiative targets 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 program establishes a documented standard for training, equipment, and response before encounters escalate, aiming to reduce risks and improve safety in private security operations.
The partnership follows a significant regulatory development: on June 15, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) ruled that the BolaWrap 150 is neither a firearm under the Gun Control Act nor a weapon under the National Firearms Act. This ruling removes a federal barrier to the BolaWrap's use as an early intervention option for unarmed security personnel, opening the door for broader adoption in the private sector. The BolaWrap is a non-lethal restraint device that deploys a multi-sensory distraction and a tethered cord to temporarily restrain individuals without causing pain-based compliance, shooting, striking, or shocking.
Under the partnership, Wrap Technologies will own, certify, and audit the Safe Response standard. Organizations can adopt the standard 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. This collaborative model is designed to expand Wrap's addressable market beyond law enforcement by enabling enterprises carrying security-related risk to establish a consistent, certified standard across their properties and contracted security operations.
The Safe Response Program is expected to provide a framework that enhances the professionalism of private security personnel, potentially reducing liability for organizations and improving outcomes in encounters that might otherwise escalate. With over 1,000 agencies in the U.S. and 60 countries already using BolaWrap, the device is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST). This certification underscores the credibility of the new program.
Wrap Technologies, a global leader in innovative public safety technologies, offers a comprehensive portfolio including the BolaWrap 150, Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and next-generation counter-unmanned aircraft systems (C-UAS) solutions. The company's mission focuses on providing safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. The new partnership with XINSURANCE represents a strategic move to leverage these technologies in the private security sector, addressing the growing demand for non-lethal tools that create time, distance, and tactical advantage in non-criminal encounters.
For more details, the full press release is available at https://ibn.fm/lvlln. The latest updates on Wrap Technologies can be found in the company's newsroom at https://ibn.fm/WRAP. This partnership highlights the potential for standardized training and equipment to improve safety in private security, potentially influencing industry practices and regulatory frameworks.
