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Evolv Technologies Holdings, Inc. (symbol: EVLV) is a pioneering company that leverages advanced technology to enhance public safety. Specializing in AI-based, touchless security screening systems, Evolv Technology develops innovative solutions that combine artificial intelligence software, cloud services, and state-of-the-art sensors. These systems are designed to detect potential threats such as dangerous weapons while ignoring harmless everyday items like cell phones, laptops, and keys.
Our products are utilized across various industries including casinos, industrial workplaces, schools, and ticketed venues, ensuring the safety and security of numerous public and private spaces. We primarily offer our products under a multi-year security-as-a-service subscription model, which not only delivers continuous value to our clients but also provides predictable revenue streams and opportunities for expansion and upsell.
Backed by notable investors such as Bill Gates, General Catalyst Partners, and Lux Capital, Evolv Technology is dedicated to addressing modern security and operational challenges through high-performance, cost-effective, and unobtrusive solutions. Our mission is to create products that significantly impact the safety of our communities and are easy to integrate into everyday operations.
Recent achievements include the development of new sensor technologies and enhancements to our AI algorithms, which have further improved the accuracy and efficiency of our security screening systems. We continue to work on several innovative projects aimed at expanding our product offerings and entering new markets.
Evolv Technology's commitment to innovation and safety makes it a significant player in the security technology industry, constantly pushing the boundaries to create safer environments for all.
Evolv Technology (NASDAQ: EVLV) has been named the official fan screening provider for the New York Mets, employing its Evolv Express screening solution at all entrances of Citi Field starting from the Mets' home opener on April 6, 2023. This technology enhances security while providing a touchless experience for fans, as it eliminates the need for traditional metal detectors.
Since 2021, Evolv Express has been successfully operational at major gates of Citi Field. The deployment aims to improve the fan experience and ensure safety, with positive feedback already noted from attendees. Evolv continues to expand its presence in various major league sports venues across the country, underscoring its effective AI-driven security solutions.
Evolv Technology (NASDAQ: EVLV) has partnered with Purple Innovation to enhance workplace safety at its Georgia factory using Evolv Express® screening technology. This AI-powered solution enables efficient threat detection, allowing employees to enter the facility without time-consuming checks, enhancing security measures significantly. Purple plans to implement the same technology at its Utah facilities soon. Evolv’s CEO highlighted the importance of partnerships like this in promoting safety at work environments. Evolv's solutions, recognized for their effectiveness, have scanned over 500 million individuals, providing a reliable security framework for various venues beyond manufacturing, including schools and hospitals.
Evolv Technology (NASDAQ: EVLV) announced its partnership with the Wells Fargo Center in Philadelphia, introducing its AI-based Evolv Express® screening solution for enhanced security during events like Flyers games and concerts. This marks the third professional sports venue in Philadelphia to adopt Evolv’s technology, which is designed to expedite security checks and improve fan experiences. Evolv Express is reported to trigger fewer false alarms compared to traditional methods, facilitating faster entry for up to 20,000 fans per game. The technology, recognized for its advanced sensor capabilities, has scanned over 500 million individuals, positioning Evolv as a leader in security screening solutions across numerous sports leagues.
Evolv Technology (NASDAQ: EVLV) has released a study titled Guns Violence in America: The Impact on Educators, revealing the severe effects of gun violence on teachers. Conducted by Equation Research, the survey found that 90% of educators perceive an increased risk of active shooter incidents over the past year. Among the alarming statistics: 33% of respondents have experienced a shooting at school, 61% report heightened anxiety, and 22% feel fearful of their students. Measures to enhance school safety are being adopted, with 87% of educators acknowledging efforts to curb gun violence. Despite these measures, 81% desire more action to ensure their safety, indicating a pressing need for improved security protocols. This underscores the crucial intersection of gun violence, mental health, and educational environments.
Evolv Technology (NASDAQ: EVLV) has released a new survey, Gun Violence in America: A Survey on Americans’ Anxiety, conducted by Equation Research. The survey showcases alarming trends regarding anxiety related to gun violence, with 85% of participants identifying it as a significant problem in the U.S., up from 78% in 2021. Key findings include:
- Over a third now believe they will encounter an active shooter, a rise from 28% in 2021.
- Nearly 30% have considered relocating due to fear of gun violence.
- 47% of gun owners report carrying firearms more often.
- 1 in 5 non-gun owners plan to purchase a gun, citing increased gun violence.
These findings reveal a collective anxiety affecting American behavior, particularly among parents and in public spaces.
Evolv Technology, the leader in AI-based weapons detection security screening, announced its Analyst Day 2023 scheduled for May 25, 2023, from 9:00 a.m. to 2:00 p.m. Eastern Time. The event will showcase the company’s vision, strategy, growth initiatives, and technological advancements. The management team will discuss financial goals and trends, enhancing investor insight into EVLV. The event will be available for live streaming on the company’s investor relations website. Evolv Technology aims to enhance security experiences in various sectors, having scanned over 500 million people to date. It holds a SAFETY Act Designation from the U.S. Department of Homeland Security, distinguishing its technology within the industry. For more details, visit their website.
Evolv Technology (NASDAQ: EVLV) has announced a partnership with the Philadelphia Phillies to implement its AI-powered Evolv Express® security screening at Citizens Bank Park, starting with the home opener on April 7, 2023. This innovative technology allows fans to enter the park without frequent bag checks, enhancing the overall experience. Evolv Express utilizes advanced sensor technology for efficient threat detection, making it the third Philadelphia sports venue to adopt this system. The initiative aims to streamline fan entry while improving security measures at one of the city's iconic sports venues. Evolv's mission focuses on transforming human security through AI solutions across various public spaces.
Evolv Technology (NASDAQ: EVLV) announced a partnership with the 2022 World Champion Houston Astros, implementing its Evolv Express® screening solution at Minute Maid Park starting March 30, 2023. This AI-driven technology enhances security while improving fan experience by allowing quicker entry without sacrificing safety. Evolv's technology promises superior threat detection at high volumes and speeds, having already scanned over 500 million individuals, making it second only to the TSA in the U.S. The collaboration aligns with the Astros' initiative to leverage technology to create a better experience for their fans.
Evolv Technology (NASDAQ: EVLV), a leader in AI-based weapons detection, will release its financial results for Q1 2023 on May 10, 2023, post market close. Management will conduct a live conference call at 4:30 p.m. Eastern Time to discuss these results and the company's outlook. The call will be accessible within the U.S. by dialing +1.877.692.8955 and outside the U.S. at +1.234.720.6979, both using access code 825879. Additionally, a replay will be available for 30 days. Evolv has processed over 500 million individuals, securing recognition from the Department of Homeland Security as a Qualified Anti-Terrorism Technology.
Evolv Technology (NASDAQ: EVLV) has been selected as the Official Fan Screening Provider for Acrisure Stadium, home of the Pittsburgh Steelers. Using the Evolv Express® solution, the technology will enhance security by screening fans at major entry points. This AI-driven system allows faster and more accurate threat detection while reducing wait times. The partnership follows the success of Evolv's technology at other venues, including PNC Park. Evolv aims to transform security experiences across various sectors, having scanned over 500 million people, earning recognition from the Department of Homeland Security.
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