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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 partnered with James Island Charter High School in Charleston, South Carolina, enhancing security for over 1,600 students daily. This collaboration brings Evolv's AI-powered Evolv Express system to the school, which screens attendees without the long wait times associated with traditional methods. The system effectively manages larger crowds, screening 5,000 attendees during a playoff game. School officials are so pleased with the results that they plan to add another system for athletic events. Evolv now serves over 200 schools across the U.S., positioning itself as a leader in educational security technology.
Evolv Technology (NASDAQ: EVLV) has been recognized in Built In's 2023 Best Places to Work Awards, specifically as one of the Best Midsize Places to Work in Boston. This recognition highlights Evolv's commitment to a people-first culture, with investments in leadership development and diversity initiatives. The company has showcased strong performance, screening over 425 million people and preventing over 100,000 weapons from entering venues since January 2022. In Q3 2022, Evolv added a record 92 new customers. The next financial results will be released on March 1, detailing continued growth.
Evolv Technology (NASDAQ: EVLV) has partnered with Atlanta Public Schools (APS) to implement its Evolv Express security screening solution in 36 schools. This advanced system can screen up to 4,000 individuals per hour, improving safety by enhancing security checks while reducing anxiety among students. Over 200 U.S. schools have adopted Evolv's technology, which has positively impacted security operations at venues like Mercedes-Benz Stadium. The collaboration aims to create a safer learning environment as APS deals with significant security challenges, including the detection of over 24 firearms last year.
Evolv Technology (NASDAQ: EVLV) has partnered with Bridgestone Arena in Nashville, becoming the first NHL-specific venue to implement its AI-based weapons detection system, Evolv Express. This installation aims to enhance safety while improving the guest experience at one of the busiest venues in the U.S. Bridgestone Arena ranks fourth in the U.S. for ticket sales, boasting over 815,000 tickets sold, and generated $80.6 million in gross revenue. The Evolv Express system, installed at fourteen entry points, aims to improve operational efficiency and guest satisfaction.
Evolv Technology (NASDAQ: EVLV), a leader in AI-based weapons detection, will announce its fourth-quarter 2022 financial results on March 1, 2023, after market close. A live conference call is scheduled for 4:30 p.m. ET on the same day, providing insights into the financial outcomes and future outlook. Evolv's advanced systems have scanned over 425 million people, showcasing its significant impact on security screening across various sectors. This event will be accessible via a dedicated conference call and webcast.
Evolv Technology (NASDAQ: EVLV) has secured a $75 million non-dilutive debt financing facility from Silicon Valley Bank to bolster its subscription-based business model. The company aims to utilize these funds to enhance its AI-powered weapons detection solution, Evolv Express, which is already utilized by over 400 customers across various sectors, including education and healthcare. This financing aligns with Evolv's capital allocation strategy and is expected to support growth plans while maintaining a strong balance sheet.
Evolv Technology (NASDAQ: EVLV) will present at the Imperial Capital 2022 Security Investor Conference on December 15, 2022, in New York City. CEO Peter George and CFO Mark Donohue are scheduled to speak at 10:00 a.m. Eastern Time. The presentation will be webcast live, accessible via the company's investor relations site. Evolv Technology specializes in AI-powered weapons detection and analytics, aiming to enhance security across various venues, having scanned over 425 million individuals to date.
Evolv Technology (NASDAQ: EVLV) has partnered with Winnebago Public Schools in Nebraska to enhance student safety using its Evolv Express® system. Installed before the 2022-2023 school year, the system screened over 17,000 individuals in its first month without requiring students to remove personal belongings, improving their school experience. Additionally, Evolv Insights® analytics help monitor security performance. The community has responded positively, with increased safety awareness and a reduction in instances of prohibited items.
Evolv Technology, a leader in AI-based weapons detection, has secured a multi-year partnership as the 'Official Weapons Detection Screening Systems Provider' for SoFi Stadium and YouTube Theater at Hollywood Park. This collaboration aims to enhance guest safety and experience through Evolv's advanced AI technology, allowing fans to pass through security without stopping. Evolv's systems have scanned over 425 million people, underscoring their success in ensuring secure environments at prestigious venues.
Evolv Technology (NASDAQ: EVLV) has launched Evolv Express® 3.0/5.0, enhancing its AI-based weapons detection platform. This upgrade adds open integration across various security technologies, improving threat detection and operational efficiency for venues. Key features include a new Open API for seamless integration with existing systems, an updated Evolv Insights® Dashboard for performance analytics, and a ruggedized design for outdoor systems, facilitating faster setup. The rollout is already benefiting clients like Winnebago School District and Gillette Stadium.
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