Evolv Express® Awarded 2024 Secure Campus Award

Rhea-AI Summary

Evolv Express® has been named the platinum winner of the 2024 Secure Campus Award by Campus Security Today. The award recognizes Evolv Technology's advanced AI-based weapons detection systems used in over 800 U.S. schools and 750 other global customer sites. Evolv Express employs sophisticated sensor technology and AI to differentiate potential threats from everyday items, enabling fast and unobtrusive security screening. The Secure Campus Awards honor significant advancements in campus security, selected by a panel of industry judges. Evolv's technology is widely deployed in various settings and has screened over 1 billion people since 2019.

Positive

• Evolv Express® won the 2024 Secure Campus Award, enhancing its reputation in the security industry.
• Evolv Technology serves over 750 customers worldwide, indicating wide adoption and market penetration.
• Over 800 schools in the U.S. use Evolv's technology, showcasing its reliability and effectiveness in educational settings.
• Evolv Express employs advanced AI and sensor technology for precise threat detection, reducing false alarms and enhancing security.
• The technology allows swift and unobtrusive security screening, improving user experience and operational efficiency.
• Evolv's security systems are used in diverse venues including stadiums, arenas, theme parks, and hospitals, demonstrating its versatility.
• The company's systems have screened over 1 billion people since 2019, indicating high usage and trust in their solutions.

Negative

• The press release lacks specific financial data, making it difficult to assess the direct financial impact of the award on Evolv's stock performance.
• No information on potential new contracts or revenue growth associated with winning the award is provided.
• The announcement does not address any competitive challenges or market risks that Evolv may face despite the award.

WALTHAM, Mass.--(BUSINESS WIRE)-- Evolv Express® has been selected as the platinum winner of the 2024 Secure Campus Award for screening equipment by Campus Security Today, an industry-leading print and digital publication focused on safety and security on school, college, security and healthcare campuses. Evolv Technology (NASDAQ: EVLV) is a leader in AI-based weapons detection security screening and has partnered with over 750 customers worldwide to provide an added layer of safety with its advanced weapons detection solutions, including over 800 schools in the U.S.

Evolv Express uses advanced sensor technology and AI to tell the difference between certain potential threats and many commonly carried objects. Evolv Express helps enable a quick and unobtrusive entry process, helping allow people to move through security screening at a brisk pace without having to always empty their pockets or be subject to bag checks.

Designed to honor the outstanding achievements of security industry manufacturers whose products are considered particularly noteworthy in their ability to improve campus security, the Secure Campus Awards are chosen by a panel of judges selected from the industry by the editorial staff of Campus Security Today. Winning companies are selected for products that help keep education and business campuses safer.

Evolv’s technology helps secure leading stadiums, arenas, theme parks, performing arts centers, casinos, places of worship and hundreds of schools and hospitals across the U.S. The company’s security technology has screened more than 1 billion people since 2019.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) is transforming human security to help 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 screening 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 many places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced systems have scanned more than a billion people since 2019. 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, as well as Sport Business Journal’s (SBJ) awards for “Best In Fan Experience Technology” and “Best In Sports Technology”. Evolv®, Evolv Express®, Evolv Insights®, Evolv Cortex AI®, and Evolv Visual Gun Detection™ are registered trademarks or 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, 2023, that was filed with the SEC on February 29, 2024, as may be updated in other filings we make with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended on March 31, 2024 that was filed with the SEC on May 9, 2024. 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/20240611223850/en/

Media Contact:

Alexandra Smith Ozerkis

aozerkis@evolvtechnology.com

Investor Contact:

Brian Norris

bnorris@evolvtechnology.com

Source: Evolv Technology

FAQ

What recent award did Evolv Express® win?

Evolv Express® won the platinum award in the 2024 Secure Campus Award by Campus Security Today.

How many schools in the U.S. use Evolv Technology?

Evolv Technology is used in over 800 schools in the U.S.

How many customers worldwide use Evolv Technology's solutions?

Over 750 customers worldwide use Evolv Technology's security screening solutions.

What technology does Evolv Express® use for threat detection?

Evolv Express® employs advanced sensor technology and AI to differentiate potential threats from everyday objects.

How many people have been screened by Evolv's security systems since 2019?

Evolv's security systems have screened over 1 billion people since 2019.