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

Wrap Technologies, Inc. (NASDAQ: WRAP) and XINSURANCE have announced a strategic partnership to develop and bring to market the WRAP Safe Response Program, a certified operating standard for organizations that employ or contract 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, removing a federal barrier to its use as an early intervention option for unarmed security personnel. This ruling is pivotal, as it clarifies the legal status of the device, enabling its deployment in private security settings without federal firearm restrictions.

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 significance of this partnership lies in its potential to standardize security response protocols across a vast industry. By creating a certified program, WRAP and XINSURANCE are addressing a critical need for consistent training and equipment in private security, which often varies widely in quality and preparedness. The program could reduce liability for companies by ensuring that security personnel are adequately trained in de-escalation techniques and equipped with non-lethal tools like the BolaWrap, which is designed to create time and distance in non-criminal calls.

The BolaWrap 150, a patented device, 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 does not shoot, strike, shock, or incapacitate; instead, it helps officers and security personnel 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, the device is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).

WRAP's complete public safety portfolio includes the BolaWrap 150, Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette. These technologies support the company's mission to provide safer, scalable, and cost-effective solutions for public safety, defense, and critical infrastructure markets.

For more information on the full press release, 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.