Wrap Technologies (NASDAQ: WRAP) and XINSURANCE have announced a strategic partnership 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 protocols 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 a 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, removing a federal barrier to its use as an early intervention option for unarmed security personnel. This ruling opens the door for broader adoption of the device 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 stated that 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. It is not pain-based compliance and 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. The device is used by over 1,000 agencies across the U.S. and in 60 countries, and is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).
This partnership is significant because it addresses a growing demand for non-lethal tools and techniques to create time, distance, and tactical advantage in non-criminal calls, particularly in the private security sector. By establishing a certified standard, WRAP and XINSURANCE aim to professionalize security operations and provide a safer alternative to traditional force options. The program could also have implications for liability and insurance, as organizations adopting the standard may benefit from tailored insurance products that recognize the reduced risk associated with the BolaWrap 150.
For more information on this announcement, the full press release can be viewed at https://ibn.fm/lvlln. Additional updates on WRAP are available in the company's newsroom at https://ibn.fm/WRAP.
