Evolv and Crypto.com Arena Expand Multi-Year Partnership with Evolv Express® Renewal and Addition of Evolv eXpedite™

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Key Terms

autonomous bag-screening system technical

An autonomous bag-screening system is an automated security setup that uses sensors, imaging and software to inspect luggage for prohibited items without continuous human operation. For investors, it matters because such systems can lower staffing costs, speed passenger throughput, and must meet safety and regulatory approvals—factors that affect sales, installation revenue, ongoing service contracts and liability exposure much like replacing a staffed checkout line with a self-service kiosk.

concealed weapons detection systems technical

Concealed weapons detection systems are technologies that scan people or belongings to find hidden firearms or knives without a full physical search, combining sensors, imaging, or algorithms to spot threats much like a smarter, targeted metal detector. Investors care because these systems are sold to governments, airports, schools and businesses under safety rules and contracts, so changes in regulation, adoption rates, or contract wins can directly affect a supplier’s revenue and growth prospects.

AI technical

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

04/14/2026 - 08:00 AM

Expanded Agreement Enhances Fan Entry Experience and Screening Efficiency at one of the World’s Busiest Sports and Live-Entertainment Venues

WALTHAM, Mass.--(BUSINESS WIRE)-- Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced a multi-year renewal and expansion of its hardware and software subscription agreement with Crypto.com Arena in Los Angeles, CA. The renewal extends the arena’s original 2024 deployment of Evolv Express^® and expands the partnership to include Evolv eXpedite™, the company’s autonomous bag-screening system, further strengthening entry operations at the venue.

Crypto.com Arena Welcomes Visitors with Evolv's Advanced Security Screening

Crypto.com Arena is part of the L.A. LIVE entertainment district in downtown Los Angeles and is one of the world’s busiest and most successful venues. Owned and operated by AEG, Crypto.com Arena is the home of the Los Angeles Lakers, Los Angeles Kings and Los Angeles Sparks. Additionally, the arena welcomes more than four million guests and hosts over 200 events annually, including professional basketball and hockey games, major concert tours, and globally recognized events such as the GRAMMY Awards.

The facility originally installed Evolv Express^® concealed weapons detection systems in 2024. Evolv Express uses advanced sensor technology and AI to detect concealed threats and identify the person and location of the potential threat — while allowing people to move through checkpoints at their natural walking pace. The system is designed to screen visitors effectively while helping minimize congestion and disruptions to traffic flow at entry points. Under the new agreement, brokered by AEG Global Partnerships, Evolv eXpedite will also be deployed at a designated arena entrance where high-clutter bags are prevalent.

Additionally, as part of the renewed agreement, Evolv will continue as the arena’s “Official Fan Screening Partner,” and the two organizations will collaborate on a variety of marketing initiatives.

“LA fans tend to arrive late and Evolv allows us to handle that last-minute wave of fans,” noted Ron Little, Vice President of Security at Crypto.com Arena. “Our use of Evolv Express since 2024 – and our addition of Evolv eXpedite now – is part of a commitment to get guests to their seats quickly, conveniently, and securely so that they don’t miss the fun and excitement of our world-class events.”

“We’re thankful to the management team at Crypto.com Arena for continuing to trust Evolv with such an important part of the guest experience,” said John Baier, Evolv’s Vice President, Sports & Entertainment. “With so many games, concerts, and events, the venue operates at a very high-level day in and day out. It’s gratifying when such accomplished operators select Evolv systems to deliver mission-critical results.”

Crypto.com Arena expands Evolv’s substantial presence in Southern California, which also includes SoFi Stadium and YouTube Theater (Inglewood), Dignity Health Sports Park (Carson), the Hollywood Bowl (Los Angeles), Honda Center (Anaheim), and Pechanga Arena (San Diego). These iconic sports and entertainment venues are joined by hundreds of schools, hospitals, and other facilities on Evolv’s client roster.

The addition of Crypto.com Arena also gives Evolv a presence in five North American arenas that host both professional basketball and hockey teams, including Ball Arena (Denver).

About Evolv Technology

Evolv (NASDAQ: EVLV) is designed to transform human security by helping organizations detect potential threats, mitigate risk, and enhance safety using AI-powered security solutions with robust insights. Our technology has helped to create efficient and positive security screening experiences for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces. Evolv’s mission is to create a safer world to live, work, learn, and play. Evolv’s advanced systems have scanned more than 4 billion+ people since 2019. Evolv Express^® has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT) and Evolv eXpedite™ has been awarded the Safety Act Developmental Testing and Evaluation Designation. Evolv and its products have been awarded numerous awards which can be viewed on our Certifications and Awards web page. Evolv^®, Evolv Express^®, Evolv Insights^®, Evolv Visual Gun Detection™, Evolv eXpedite™, and Evolv Eva™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit evolv.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Evolv Technology intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release, other than that are historical facts, are statements that could be deemed forward-looking statements, as well as statements regarding the Company’s strategy, financial and operational performance and growth, and efforts to create value for stakeholders. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause actual results and actions to be materially different from any future results or actions expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed under the caption “Risk Factors” in our Annual Report on Form 10‑K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 10, 2026, as well as any such factors that may be updated from time to time in our other filings with the SEC. The forward-looking statements in this press release are based upon information available to us as of the date hereof, and while we believe such information forms a reasonable basis for such statements, it may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.

Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this document, whether as a result of any new information, future events or otherwise.