Partnership with Evolv Technology a Slam Dunk for Houston’s Toyota Center

Rhea-AI Summary

Evolv Technology (NASDAQ: EVLV) announced a partnership with Toyota Center, home of the NBA’s Houston Rockets, to provide weapons detection systems. The installation of Evolv Express® systems allows for faster and safer screening of fans entering the arena, with Toyota Center becoming the seventh NBA arena to partner with Evolv. The success of the technology is evidenced by close to 50 professional U.S. sports teams now using Evolv. Since the launch of Evolv Express in 2019, over 1 billion people have been screened, making it a significant player in the security technology industry.

Third Houston Pro Sports Team Using Evolv for Weapons Detection

WALTHAM, Mass.--(BUSINESS WIRE)-- Evolv Technology (NASDAQ: EVLV), the modern security technology company transforming threat and weapons detection to create safer experiences, today announced it is providing weapons detection to Toyota Center, home of the NBA’s Houston Rockets.

Toyota Center installed Evolv Express® systems earlier this month, making their debut when the Rockets hosted the Utah Jazz on January 20. The systems are used to screen fans entering the arena, which can hold more than 18,000 guests. The Rockets saw the success the Houston Astros (MLB) and Houston Texans (NFL) had with Evolv, and quickly jumped on the opportunity to get Express in place after the NBA recently started to allow applications for this technology.

“We are excited to partner with Evolv Technology to enhance our fan experience while maintaining the safety of our arena,” said Doug Hall, general manager and senior vice president of Toyota Center. “This partnership is focused on utilizing cutting-edge technology to create a safer, faster and better screening process for our guests as they enter Toyota Center.”

Evolv Express uses sensor technology combined with artificial intelligence to pinpoint and distinguish everyday items from potential threats, such as a phone from a firearm. Fans can walk through at normal speed without always stopping for individual security checks, preventing the typical backups at venue entry caused by metal detectors and manual wanding. Toyota Center is the seventh NBA arena to partner with Evolv to screen fans, joining, among others, Ball Arena in Denver.

“There is no greater indication of Evolv’s success than to have customers recommend the technology to each other the way they did in Houston,” said Jay Muelhoefer, Evolv Technology’s chief commercial officer. “We’re thankful for Toyota Center’s partnership and humbled that with the addition of the arena to our roster, close to 50 professional U.S. sports teams now use Evolv.”

Since the launch of Evolv Express in 2019, Evolv has screened more than 1 billion people. Toyota Center is part of a growing list of teams and sports facilities in the United States and around the world using Evolv Technology as part of their safety plans.

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 Extend™ 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/20240124825056/en/

Media Contact:

Alexandra Smith Ozerkis

aozerkis@evolvtechnology.com

Investor Contact:

Brian Norris

bnorris@evolvtechnology.com

Source: Evolv Technology

FAQ

What technology is Evolv providing to Toyota Center?

Evolv is providing weapons detection systems to Toyota Center, home of the NBA’s Houston Rockets, using Evolv Express® systems for faster and safer screening of fans entering the arena.

How many NBA arenas have partnered with Evolv for screening fans?

Toyota Center is the seventh NBA arena to partner with Evolv for screening fans, joining other arenas like Ball Arena in Denver.

How many people has Evolv screened since the launch of Evolv Express in 2019?

Evolv has screened more than 1 billion people since the launch of Evolv Express in 2019, making it a significant player in the security technology industry.