WRAP Partners with XINSURANCE to Target 1.28M Private Security Officers
WRAP sits 67% above its 52-week low of $1.04.
Summary
WRAP Technologies and XINSURANCE are launching the WRAP Safe Response Program, a certified standard for private security personnel. The program targets the 1.28 million U.S. security guards, nearly double the number of police officers, expanding WRAP's addressable market beyond law enforcement. The ATF's June 2026 ruling that BolaWrap 150 is not a firearm removes a key barrier for unarmed security adoption. This follows WRAP's Q2 revenue doubling to $2.1 million and recent international orders, reinforcing the company's growth narrative. The partnership creates a new recurring revenue stream through training, certification, and readiness programs.
At the time of this announcement, WRAP was trading at $1.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $96.9M. The 52-week trading range was $1.04 to $3.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.