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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 (EVLV) partners with Major League Soccer’s Colorado Rapids to implement its Evolv Express® screening solution at DICK’S Sporting Goods Park. This advanced AI-based security system enhances safety and efficiency for fans attending games, allowing them to enter without lengthy security checks. The system distinguishes between threats and everyday items, improving the overall experience in a venue with a capacity of 18,000. The partnership aligns with Evolv's mission to transform security through innovative AI technologies and reflects its growing presence in the sports industry, as nearly half of MLS teams are now Evolv partners. They join other KSE venues like SoFi Stadium in utilizing Evolv’s technology to ensure safer environments for spectators.
Evolv Technology (NASDAQ: EVLV) has partnered with the Pittsburgh Pirates to implement its state-of-the-art Evolv Express® AI-based weapons detection solution at PNC Park. This new security system enhances fan safety while improving the entry experience by allowing fans to pass through without stopping or opening bags, which reduces long wait times. The partnership adds to Evolv's growing list of collaborations with various sports venues, including Acrisure Stadium and SoFi Stadium. Travis Williams, Pirates president, described Evolv's system as a significant upgrade from past metal detectors, emphasizing its effectiveness in handling large crowds. Evolv's technology has scanned over 500 million people, positioning it as a leader in the security industry.
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