WRAP Technologies and XINSURANCE Launch Safe Response Program for Private Security Market

Wrap Technologies (NASDAQ: WRAP) has announced a strategic partnership with XINSURANCE to launch 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 procedures to prevent encounters from escalating, targeting a U.S. workforce of approximately 1.28 million security guards across corporations, healthcare systems, schools, retailers, hospitality properties, transportation networks, and critical infrastructure.

The initiative follows a significant federal ruling on June 15 by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) that classified the BolaWrap 150 as neither a firearm under the Gun Control Act nor a weapon under the National Firearms Act. This decision removes a federal barrier to its use as an early intervention option for unarmed security personnel, opening new market opportunities for Wrap Technologies.

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. This model expands WRAP's 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, a non-lethal restraint device, uses a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. It does not shoot, strike, shock, or incapacitate; instead, it helps officers and security personnel manage non-compliant subjects before resorting to higher-force options. The device 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).

This partnership comes at a time when the demand for non-lethal tools is growing, especially for non-criminal calls. The program aims to provide a safer choice for nearly every phase of a critical incident, reducing the risk of injury to officers, subjects, and the community. By establishing a certified standard, WRAP and XINSURANCE are addressing the need for consistent training and response protocols in the private security sector, which could have significant implications for workplace safety and liability management.

The program's focus on early intervention aligns with industry trends emphasizing de-escalation and minimizing use of force. For security guards, this means having access to a tool that can create time and distance in volatile situations, potentially preventing injuries and saving lives. For organizations, adopting the standard could reduce risks associated with security incidents, improve insurance coverage, and enhance their reputation for responsible security practices.

Wrap Technologies continues to innovate in public safety technology, with a portfolio that includes the BolaWrap 150, Wrap Reality immersive training platform, WrapVision body-worn camera system, and next-generation C-UAS solutions. The company's commitment to providing safer, scalable, and cost-effective technologies positions it well to capitalize on the expanding market for non-lethal security solutions.

As the program rolls out, it will be important for stakeholders in the private security industry to monitor its adoption and impact. The partnership between WRAP and XINSURANCE could set a new benchmark for how security personnel are trained and equipped, ultimately contributing to safer environments across various sectors.

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