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

Wrap Technologies (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. 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, providing a framework for safer and more effective 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 use of BolaWrap as an early intervention option for unarmed security personnel, making it a viable tool for the private security sector. The BolaWrap 150, which deploys a multi-sensory distraction and a non-lethal restraint, is already used by over 1,000 agencies across the U.S. and in 60 countries, according to the company.

Under the partnership, WRAP 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 their 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 Safe Response Program is designed to address the growing demand for non-lethal tools and techniques that create time, distance, and tactical advantage in non-criminal calls. The BolaWrap 150 incorporates a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community. The device is not pain-based compliance; it does not shoot, strike, shock, or incapacitate, but rather helps officers manage non-compliant subjects before resorting to higher-force options.

Wrap Technologies' 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. The company's mission is to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. The BolaWrap 150 is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).

The partnership with XINSURANCE is a strategic move to integrate insurance into the safety standard, potentially reducing liability for security firms and their clients. By having a certified standard, organizations may be able to demonstrate due diligence in training and equipment, potentially mitigating risks and insurance costs. This could be particularly appealing to industries with high-security needs, such as healthcare and education, where de-escalation and non-lethal methods are increasingly valued.

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.