Colorado Rapids Partner With Evolv for Fan Screening In 2023

Rhea-AI Summary

Evolv Technology (EVLV) partners with Major League Soccer’s Colorado Rapids to implement its Evolv Express® screening solution at DICK’S Sporting Goods Park. This advanced AI-based security system enhances safety and efficiency for fans attending games, allowing them to enter without lengthy security checks. The system distinguishes between threats and everyday items, improving the overall experience in a venue with a capacity of 18,000. The partnership aligns with Evolv's mission to transform security through innovative AI technologies and reflects its growing presence in the sports industry, as nearly half of MLS teams are now Evolv partners. They join other KSE venues like SoFi Stadium in utilizing Evolv’s technology to ensure safer environments for spectators.

Positive

• Partnership with Colorado Rapids enhances security at DICK’S Sporting Goods Park.
• Evolv Express technology improves fan experience by reducing wait times.
• Growing presence in Major League Soccer, with nearly half of the teams now as partners.

Negative

• None.

DICK’S Sporting Goods Park joins KSE’s SoFi Stadium in using Evolv to screen fans

WALTHAM, Mass.--(BUSINESS WIRE)-- Evolv Technology (NASDAQ: EVLV), the leader in AI- based weapons detection security screening, today announced its partnership with Major League Soccer’s Colorado Rapids.

The Rapids will feature Evolv’s state-of-the-art Evolv Express® screening solution at the entrances to DICK’S Sporting Goods Park, the team’s home in Commerce City, Colorado, allowing for a faster, safer and better security experience at Rapids games this season.

“The fans are such an important part of Rapids home games,” said Austin McKenna, executive director of security & safety for Kroenke Sports & Entertainment. “To be able to improve their experience with Evolv, getting them through the gates in a more efficient manner all while improving security, it’s a way of showing how much we appreciate them and want to take care of them.”

Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide more accurate threat detection at unprecedented volume and speed. It allows security officials to tell the difference between weapons and the everyday items people carry in their pockets and bags, such as cell phone and keys. That means fans at 18,000-seat DICK’S Sporting Goods Park can walk in without always having to wait for security officials to wand everyone individually or go through bags one by one.

The Rapids and DICK’S Sporting Goods Park join the Rams and SoFi Stadium in Los Angeles as Kroenke Sports & Entertainment (KSE) properties using Evolv.

“MLS fans are enthusiastic about their teams, and the Rapids fans are no different,” said John Baier, Evolv’s vice president of sports. “Evolv lets them carry that excitement from pregame directly into game time. We are excited to further grow our footprint in the KSE family and work to help keep Rapids fans safer.”

Half the teams in Major League Soccer are Evolv partners as the 2023 season kicks off. Other facilities using Evolv technology include venues that will be hosting games in the 2026 FIFA World Cup, including Mercedes-Benz Stadium in Atlanta, Georgia and Gillette Stadium in Foxboro, Massachusetts, in addition to KSE’s SoFi Stadium.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) is transforming human security to make a safer, faster, and better experience for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered weapons detection and analytics. Its mission is to transform security to create a safer world to work, learn, and play. Evolv has digitally transformed the gateways in places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced systems have scanned more than 500 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. Evolv has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT) as well as the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category. Evolv Technology®, Evolv Express®, Evolv Insights®, and Evolv Cortex AI® are registered trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com.

Forward-looking Statements

Certain statements in this press release may constitute “forward-looking” statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events or our Company’s performance and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the risk factors set forth in our Annual Report on Form 10-K for the year ended on December 31, 2022, that was filed with the SEC on March 24, 2023, as may be updated in other filings we make with the SEC. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005004/en/

Media:

Alexandra Smith Ozerkis

aozerkis@evolvtechnology.com

Investor:

Brian Norris

bnorris@evolvtechnology.com

Source: Evolv Technology

FAQ

What is Evolv Technology's partnership with Colorado Rapids about?

Evolv Technology partnered with Colorado Rapids to implement its Evolv Express® screening solution at DICK’S Sporting Goods Park, enhancing security and efficiency for fans.

What benefits does Evolv Express offer at DICK’S Sporting Goods Park?

Evolv Express provides faster, safer entry for fans by accurately distinguishing between weapons and everyday items, reducing wait times at security checks.

How many Major League Soccer teams are partnering with Evolv Technology?

Nearly half of the teams in Major League Soccer are currently partners with Evolv Technology.

What is the capacity of DICK’S Sporting Goods Park?

DICK’S Sporting Goods Park has a capacity of 18,000 seats.

Which other stadium is using Evolv Technology aside from DICK’S Sporting Goods Park?

SoFi Stadium in Los Angeles is another venue using Evolv Technology for enhanced security.