Wrap Technologies (NASDAQ: WRAP) has announced a strategic partnership with XINSURANCE to develop and launch 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 aims to establish a documented standard for training, equipment, and response before encounters escalate, potentially reducing the risk of injury and liability.
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 its use as an early intervention option for unarmed security personnel. The BolaWrap 150, a non-lethal restraint device that deploys a multi-sensory distraction and tethered cord to temporarily restrain individuals, has been adopted by over 1,000 agencies across the U.S. and in 60 countries.
Under the partnership, WRAP will own, certify, and audit the Safe Response standard. 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, 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 Safe Response Program is designed to create a standardized approach to security that emphasizes de-escalation and early intervention. By incorporating the BolaWrap 150, which is not pain-based and does not shoot, strike, shock, or incapacitate, the program aims to give security personnel time, distance, and tactical advantage in non-criminal incidents. This approach is intended to reduce the risk of injury to officers, subjects, and the community, and to provide a safer alternative to higher-force options.
Wrap Technologies, a global leader in innovative public safety technologies, offers a portfolio that includes 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) like PAN-DA and the 1KC Kinetic Anti-Drone Cassette. The company's mission is to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.
For more information on the partnership and the Safe Response Program, visit https://ibn.fm/lvlln. For the latest news and updates on WRAP, see the company's newsroom at https://ibn.fm/WRAP.
This partnership comes at a time when demand for non-lethal tools and techniques is growing, as public safety organizations and private security seek to manage encounters without resorting to deadly force. The Safe Response Program could set a precedent for how security personnel are trained and equipped, potentially reshaping industry standards and reducing liability for organizations. By leveraging the ATF ruling and the BolaWrap's proven track record, WRAP and XINSURANCE aim to address the complex challenges facing modern security operations.
