Melbourne Cricket Club Takes Evolv Technology Down Under

Rhea-AI Summary

Evolv Technology (NASDAQ: EVLV) partners with Melbourne Cricket Club for the first Australian deployment of Evolv Express®, enhancing security screening at Melbourne Cricket Ground. The partnership aims to provide a safer and more efficient entry experience for fans attending events.

Insights

Security Technology Analyst

The deployment of Evolv Express at Melbourne Cricket Ground represents a significant milestone in the security technology sector. The system's ability to differentiate between weapons and common metals using AI sensors is a key innovation. This technology enhances both safety and efficiency, addressing a crucial need for large venues that must balance security concerns with the customer experience. The integration with Convergint's video management system suggests a comprehensive approach to security, which could set a new standard for stadiums worldwide.

For investors, the success of this deployment could signal the potential for broader adoption of Evolv's technology in international markets, beyond the U.S. This could impact Evolv Technology's revenue growth and market share, as well as its stock valuation. The partnership with a high-profile venue like MCG also serves as a valuable case study for Evolv, potentially influencing future sales and contracts.

Market Research Analyst

The partnership between Evolv Technology and Melbourne Cricket Club is indicative of the growing trend in the entertainment and sports industry towards enhancing security measures without compromising on the visitor experience. The ability of Evolv Express to streamline entry processes could become a competitive advantage, as venues globally seek to upgrade their security infrastructure. This deployment could influence market demand for similar security solutions.

From a market perspective, Evolv's entry into the Australian market represents a strategic move to diversify its geographic presence. This could mitigate risks associated with over-reliance on the U.S. market. The company's stock could see positive movement if investors perceive this partnership as an opportunity for Evolv to capture more of the global market share.

Sports Business Analyst

The implementation of advanced security systems like Evolv Express at a premier sports venue such as the Melbourne Cricket Ground could set a precedent for other stadiums and arenas. The ability to improve security without creating long queues is particularly important for sports clubs that host large events, where fan experience is paramount. This could lead to increased fan satisfaction and potentially higher attendance rates, benefiting the sports club's business performance.

For stakeholders in the sports industry, including sponsors and partners, the adoption of such technology is likely to be seen as a proactive measure to ensure the safety of fans, which could enhance the reputation of the venue and the sports club. It could also have a ripple effect, encouraging other venues to adopt similar technologies, thereby expanding the market for companies like Evolv.

Evolv and Convergint Partner with Sports Club on First Australian Deployment, Provide A Superior Screening Experience at Melbourne Cricket Ground

WALTHAM, Mass.--(BUSINESS WIRE)-- Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with Melbourne Cricket Club (MCC), the largest – and one of the oldest - sports clubs in Australia. Melbourne Cricket Ground (MCG) recently hosted the Taylor Swift Era’s Tour partnering with Evolv to help keep nearly 300,000 fans safe.

The partnership marks the first deployment of Evolv Express®, a detection screening system, in the country. It is also the largest single-stadium deployment of Express outside of the United States. Managed by Melbourne Cricket Club, Melbourne Cricket Ground is a sports stadium in Yarra Park, Melbourne, Victoria. The stadium will use Express systems to screen fans at all of its entry gates.

Melbourne Cricket Club was introduced to Evolv by Convergint, which supplies Melbourne Cricket Ground with its other security technology. Evolv Express uses sensors combined with AI to differentiate between weapons and common metals people carry. At Melbourne Cricket Ground, Express will be integrated with Convergint’s video management system.

“We were looking for a more efficient entry experience for guests coming to the Melbourne Cricket Ground,” said Rey Sumaru, general manager of IT & innovation for the Melbourne Cricket Club. “The technology from Evolv has provided us with a more streamlined entry experience – helping minimise time spent in queues lines for fans, while still providing the safest environment possible.”

“There’s usually a large number of fans approaching the gates at the same time, about 15-to-30 minutes before an event,” said Nick Robertson, general manager, Convergint Australia. “There’s really only one solution that can handle that amount of people in such a short time, and that’s Express.”

Club leadership was made aware of Express through Convergint prior to seeing Express in action at SoFi Stadium, home of the Los Angeles Chargers and Los Angeles Rams, earlier last year. Following the visit, Evolv and Convergint worked quickly to have Express in use at Melbourne Cricket Ground by the end of 2023.

“Evolv is creating a safer world for people to work, learn, and play, and the work we have done alongside Convergint to bring Evolv to a new country – a new continent! – helps us reach even more people worldwide,” said Peter George, CEO of Evolv Technology.

Since the launch of Express, Evolv has screened more than 1 billion people. Melbourne Cricket Club joins a growing list of teams and sports facilities around the world using Evolv for weapons detection as part of their safety posture, from AO Arena in Manchester, England, to stadiums and arenas across the United States in Major League Baseball, the NFL, NHL, NBA, and MLS. Evolv’s technology can also be found in leading theme parks, performing arts centers, casinos and arenas in addition to hundreds of schools, hospitals and places of worship. Evolv is committed to making the world a safer place to live, learn, work and play.

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 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. Evolv Technology®, 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, 2022, that was filed with the SEC on March 24, 2023, 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 September 30, 2023 that was filed with the SEC on November 9, 2023. 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/20240306182552/en/

Media:

Alexandra Smith Ozerkis

aozerkis@evolvtechnology.com



Investor:

Brian Norris

bnorris@evolvtechnology.com

Source: Evolv Technology

FAQ

What is the ticker symbol of Evolv Technology?

The ticker symbol of Evolv Technology is EVLV.

What is the name of the sports club Evolv partnered with for the Australian deployment?

Evolv partnered with Melbourne Cricket Club for the Australian deployment.

What technology is being used for screening at Melbourne Cricket Ground?

Evolv Express®, a detection screening system, is being used for screening at Melbourne Cricket Ground.

Who introduced Melbourne Cricket Club to Evolv?

Melbourne Cricket Club was introduced to Evolv by Convergint.

What is the main goal of the partnership between Evolv and Melbourne Cricket Club?

The main goal of the partnership is to provide a more efficient and safer entry experience for fans attending events at Melbourne Cricket Ground.