San Francisco Giants Deploy Latest Evolv Express® Gen2 Systems for 2025 Season
The San Francisco Giants have extended and expanded their partnership with Evolv Technologies Holdings (NASDAQ: EVLV), becoming the first professional sports team to renew their four-year subscription. The team will upgrade their existing fleet of 20 Evolv Express security screening systems to the latest Gen2 units for the 2025 season at Oracle Park.
The new agreement designates Evolv as a Proud Partner of the Giants. The Gen2 units offer enhanced mobility and easier deployment, continuing the smooth entry process that has been in place since 2021. This upgrade demonstrates how customers can leverage Evolv's subscription business model to access the latest hardware and software technologies.
I San Francisco Giants hanno esteso e ampliato la loro partnership con Evolv Technologies Holdings (NASDAQ: EVLV), diventando la prima squadra sportiva professionale a rinnovare il proprio abbonamento quadriennale. La squadra aggiornerà la sua flotta esistente di 20 sistemi di screening di sicurezza Evolv Express alle ultime unità Gen2 per la stagione 2025 all'Oracle Park.
Il nuovo accordo designa Evolv come Partner Orgoglioso dei Giants. Le unità Gen2 offrono una maggiore mobilità e un'implementazione più semplice, continuando il processo di ingresso fluido che è in atto dal 2021. Questo aggiornamento dimostra come i clienti possano sfruttare il modello di abbonamento di Evolv per accedere alle ultime tecnologie hardware e software.
Los San Francisco Giants han ampliado y extendido su asociación con Evolv Technologies Holdings (NASDAQ: EVLV), convirtiéndose en el primer equipo deportivo profesional en renovar su suscripción de cuatro años. El equipo actualizará su flota existente de 20 sistemas de detección de seguridad Evolv Express a las últimas unidades Gen2 para la temporada 2025 en Oracle Park.
El nuevo acuerdo designa a Evolv como Socio Orgulloso de los Giants. Las unidades Gen2 ofrecen mayor movilidad y una implementación más fácil, continuando el proceso de entrada fluido que ha estado en vigor desde 2021. Esta actualización demuestra cómo los clientes pueden aprovechar el modelo de negocio por suscripción de Evolv para acceder a las últimas tecnologías de hardware y software.
샌프란시스코 자이언츠는 이볼브 테크놀로지 홀딩스(NASDAQ: EVLV)와의 파트너십을 연장하고 확대하여, 4년 구독을 갱신한 첫 번째 프로 스포츠 팀이 되었습니다. 팀은 2025 시즌을 위해 오라클 파크에서 사용할 최신 2세대 장비로 기존의 20대 이볼브 익스프레스 보안 검색 시스템을 업그레이드할 예정입니다.
이번 새로운 계약으로 이볼브는 자이언츠의 자랑스러운 파트너로 지정되었습니다. 2세대 장비는 향상된 이동성과 더 쉬운 배치를 제공하여, 2021년부터 이어져 온 원활한 입장 과정을 지속합니다. 이 업그레이드는 고객들이 이볼브의 구독 비즈니스 모델을 활용하여 최신 하드웨어 및 소프트웨어 기술에 접근할 수 있는 방법을 보여줍니다.
Les San Francisco Giants ont prolongé et élargi leur partenariat avec Evolv Technologies Holdings (NASDAQ: EVLV), devenant la première équipe sportive professionnelle à renouveler son abonnement de quatre ans. L'équipe mettra à niveau sa flotte existante de 20 systèmes de contrôle de sécurité Evolv Express vers les dernières unités Gen2 pour la saison 2025 au Oracle Park.
Le nouvel accord désigne Evolv comme Partenaire Fier des Giants. Les unités Gen2 offrent une mobilité améliorée et un déploiement plus facile, poursuivant le processus d'entrée fluide en place depuis 2021. Cette mise à niveau démontre comment les clients peuvent tirer parti du modèle commercial par abonnement d'Evolv pour accéder aux dernières technologies matérielles et logicielles.
Die San Francisco Giants haben ihre Partnerschaft mit Evolv Technologies Holdings (NASDAQ: EVLV) verlängert und erweitert und sind das erste professionelle Sportteam, das sein vierjähriges Abonnement erneuert. Das Team wird seine bestehende Flotte von 20 Evolv Express Sicherheitsprüfsystemen für die Saison 2025 im Oracle Park auf die neuesten Gen2-Einheiten aufrüsten.
Die neue Vereinbarung bezeichnet Evolv als Stolzer Partner der Giants. Die Gen2-Einheiten bieten verbesserte Mobilität und einfachere Bereitstellung und setzen den reibungslosen Eintrittsprozess fort, der seit 2021 besteht. Dieses Upgrade zeigt, wie Kunden das Abonnementgeschäftsmodell von Evolv nutzen können, um auf die neuesten Hardware- und Softwaretechnologien zuzugreifen.
- First professional sports customer to renew subscription, validating EVLV's product-market fit
- Expansion of existing partnership with major sports franchise
- Successful upgrade of 20 security systems demonstrating product evolution
- Enhanced partnership status as 'Proud Partner' of the Giants
- None.
Insights
The San Francisco Giants' renewal and expansion of their Evolv Express security system subscription represents a notable milestone for Evolv Technologies. As the first professional sports team to renew a four-year subscription, this demonstrates crucial validation of Evolv's recurring revenue business model in a competitive security technology sector.
The upgrade to Gen2 systems highlights two strategic advantages: first, Evolv's hardware refresh cycle is compelling enough to drive renewals; second, their subscription model successfully facilitates technology upgrades without requiring customers to make entirely new capital investments. This preserves customer relationships while ensuring deployed technology remains current.
The expanded designation as a "Proud Partner" elevates Evolv's visibility beyond mere vendor status, potentially creating marketing leverage with other professional sports organizations. Oracle Park serves as a high-profile reference implementation that validates Evolv's security approach for large venues.
For investors, this renewal signals the beginning of what could be a critical retention phase as early adopters reach subscription renewal milestones. Customer retention metrics are fundamental for subscription-based businesses, often more important than new customer acquisition. While a single renewal doesn't guarantee broader retention success, securing a high-profile early customer for a second term suggests the value proposition remains compelling despite competitors having four years to present alternatives.
Oracle Park upgrades Evolv Express systems initially deployed in 2021 to a new fleet, becoming the first professional sports team to renew its four-year subscription
“We’re thrilled to both renew and expand our relationship with the San Francisco Giants,” said John Baier, Evolv’s Vice President of Sports & Entertainment. “The team is one of our earliest sports customers, so it’s especially gratifying to have the opportunity to be of service for years to come in such a critical element of their gameday experience. We’re also excited to join so many iconic brands on the club’s official partner roster.”
“The smooth entry process at Oracle Park that Evolv Express supports is a key part of our fan’s gameday experience,” said Stan Sprinkles, Giants Vice President, Ballpark Operations & Facilities. “After four seasons of great results with Evolv Express, bringing in the latest technology helps us continue to provide event-goers with an efficient ballpark entry while also showcasing our commitment to the safety of our guests.”
The Express Gen2 update at Oracle Park is an example of how customers can leverage Evolv’s subscription business model to gain access to the latest hardware and software. With the completion of this extension, the San Francisco Giants become the first of Evolv’s many sports customers to renew their subscription.
About Evolv Technology
Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) is designed to transform human security using artificial intelligence (AI)-powered screening and analytics to help create safer experiences for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces. Its mission is to transform security to create a safer world to live, work, learn, and play. Evolv has digitally transformed the gateways in many places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced weapons detection systems have scanned more than two billion people since 2019. Evolv has been recognized by the
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Evolv Technology intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements made in the quotes from directors and statements regarding the Company’s execution of its strategy, financial and operational performance and growth and creating value for stakeholders. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results and actions to be materially different from any future results or actions expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024, as any such factors may be updated from time to time in our other filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as well as risks related to our leadership transition. The forward-looking statements in this press release are based upon information available to us as of the date hereof, and while we believe such information forms a reasonable basis for such statements, it may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.
About the San Francisco Giants
One of the oldest teams in Major League Baseball, the 142-year old franchise moved to
Since opening its gates, Oracle Park has become internationally-renowned as a premier venue in the world of both sports and entertainment. On the diamond, more than 75 million spectators have witnessed countless magical moments, including three World Series Championships (2010, 2012 & 2014), the raising of four National League Pennants and eight playoff appearances. The ballpark has also hosted some of music’s biggest acts, including Lady Gaga, Beyoncé & Jay Z, Ed Sheeran, the Rolling Stones, the Eagles, Bruce Springsteen and the E-Street Band, Green Day and Billy Joel.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250410368005/en/
San Francisco Giants: Sophie Lair | slair@sfgiants.com
Evolv Media: Alexandra Smith Ozerkis | aozerkis@evolvtechnology.com
Evolv Investor: Brian Norris | bnorris@evolvtechnology.com
Source: Evolv Technologies Holdings, Inc.
FAQ
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