Category: press_release

– Company Adds Seasoned Industry Veterans with Executive Expertise from UPS and Motorola Solutions –

WALTHAM, Mass.–(BUSINESS WIREBUSINESS WIRE)–Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that its Board of Directors approved the election of two new members – Mr. David Mounts Gonzales and Mr. Rajan Naik, Ph.D. – who joined the Board on November 2, 2023.

“We are delighted to welcome David and Rajan to the Board of Directors of Evolv Technology,” said Mr. Peter George, President and Chief Executive Officer of Evolv Technology. “David brings extensive operations, logistics, technology and financial management experience from multiple markets including the healthcare, distribution and industrial sectors. Rajan adds significant security and safety industry expertise, M&A experience, and an innate ability to recognize and predict industry changes. We believe their combined expertise – gained through decades of experience in publicly traded market leaders – will be invaluable as we continue our mission as the leader in the AI-based weapons detection security screening market.”

Mr. Mounts Gonzales led Inmar Intelligence, Inc., the leading provider of data-driven technology solutions for retail and healthcare, as Chief Executive Officer from 2010 to 2022. During his tenure he transformed Inmar from a small business service company to a market leading data platform and software business for nearly 20,000 retail and healthcare companies. Prior to joining Inmar, Mr. Mounts Gonzales served as Executive Vice President of Supply Chain for Domino’s Pizza, Inc. (NYSE: DPZ) from October 2007 to April 2010 and Chief Financial Officer from 2005 to 2007. Prior to Domino’s, Mr. Mounts Gonzales held several positions of increasing seniority during his 23-year tenure at UPS (NYSE: UPS), which he joined in 1983. Mr. Mounts Gonzales holds an MBA from The Wharton School at the University of Pennsylvania and a Bachelor of Science Degree from the University of Nevada in Las Vegas. Mr. Mounts Gonzales previously served on the boards of Papa Murphy’s Holdings, Inc. from 2014 to 2019 and Inmar Intelligence, Inc. from 2010 to 2022 and was Chairman of the Board from 2014 to 2022.

Mr. Naik has served as Senior Vice President, Strategy & Ventures, for Motorola Solutions, Inc. (NYSE: MSI) since 2016. In his role, Mr. Naik is responsible for the corporate strategy organization, mergers and acquisitions, venture capital portfolio and competitive and market intelligence. Prior to joining Motorola Solutions, Mr. Naik was Senior Vice President and Chief Strategy Officer at Advanced Micro Devices (NASDAQ: AMD) from 2012 until 2015. Before that he was a partner in the technology/media/telecom practice at McKinsey & Company from 2000 until 2012. Mr. Naik has served on the board of directors for CSG Systems International Inc. (NASDAQ: CSG) since August 2018. He earned a Bachelor’s Degree in Engineering from Cornell University and a Doctorate in Engineering from the Massachusetts Institute of Technology.

On November 2, 2023, Mr. Alan Cohen and Mr. John Kedzierski stepped down as members of the Company’s Board of Directors. Mr. Neil Glat, who has been a member of the Board since July 2021, was appointed Chairman of the Board, succeeding Mr. Cohen.

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 750 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. 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®, and Evolv Cortex AI® are registered trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com.

Investor Relations:
Brian Norris
Senior Vice President of Finance and Investor Relations
bnorris@evolvtechnology.com

Media:
Alexandra Smith Ozerkis
Vice President of Corporate Communications
aozerkis@evolvtechnology.com  

– Company Welcomes World-Class Go-To-Market Executive to Scale its Customer Facing Operations – 

Waltham, Massachusetts – October 12, 2023 – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the appointment of Jay Muelhoefer to serve as Chief Commercial Officer, effective October 12, 2023.    

Mr. Muelhoefer will assume global responsibility for the Company’s Sales, Marketing, Alliances, Channels, and Customer Success teams to help expand brand awareness, drive revenue growth globally, and ensure exceptional customer experiences.  Mr. Muelhoefer joins the Company from Kinaxis (TSX: KXS), a leading SaaS-based supply chain management applications provider focused on planning and execution for digital transformation, sustainability, and resiliency using AI and advanced analytics, where he has served as Chief Marketing Officer, spearheading significant growth since 2018. 

“We’re excited to welcome Jay to the executive management team,” said Mr. Peter George, President and Chief Executive Officer of Evolv Technology. “Jay has had a highly accomplished 30-year sales and marketing career across the SaaS, AI, big data and analytics markets. We believe his experience scaling the global go-to-market functions for category leading technology companies will be critically important as we prepare for the next stage of our growth.” 

“I’m thrilled to be joining Evolv Technology, a leader in AI-based weapons detection security screening,” said Mr. Muelhoefer, Chief Commercial Officer of Evolv Technology. “Evolv is leading the creation of a new market category with a rapidly growing customer base across education, healthcare, professional sports, tourist attractions and industrial workplaces. Evolv’s focus on innovation, security leadership and exceptional customer experience combined with a very positive culture attracted me to be part of its mission to help make everywhere safer.” 

Prior to joining Kinaxis, Mr. Muelhoefer served as Chief Marketing Officer at Intralinks (NYSE: IL), a global provider of enterprise SaaS solutions for secure content sharing, collaboration, and work lifecycle management. Before that, he spent two years at IBM (NYSE: IBM) where he served as Global Executive Director and led global go-to market efforts for Software Defined Data Center initiatives spanning analytics, big data, high performance computing, and cloud technologies. Earlier in his career, Mr. Muelhoefer held various executive leadership roles spanning sales, channel, marketing, strategy and general management at Platform Computing (acquired by IBM), PTC (NYSE: PTC) and Booz Allen Hamilton (NYSE:BAH).  Mr. Muelhoefer earned an MBA from Harvard Business School and holds both a Master’s Degree and Bachelor’s Degree in Mechanical Engineering from the Massachusetts Institute of Technology.  Mr. Muelhoefer will be based in the Company’s corporate headquarters in Waltham, Massachusetts. 

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 750 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. 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®, and Evolv Cortex AI® are registered trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com. 

Cautionary Note About Forward-Looking Statements 

 This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend 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 contained in this press release other than statements of historical facts, including without limitation statements regarding company’s future performance and growth, are forward-looking statements.  Words such as “believe” “may,” “will,” “expect,” “should,” “could,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “project,” “plan,” “target,” “is/are likely to” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: expectations regarding the Company’s strategies and future financial performance, including its future business plans or objectives, prospective performance, competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, and capital expenditures; the Company’s history of losses and lack of profitability; the Company’s reliance on third party contract manufacturing and a global supply chain; the rate of innovation required to maintain competitiveness in the markets in which the Company competes; the loss of designation of the Evolv Express system as a Qualified Anti-Terrorism Technology under the Homeland Security SAFETY Act; the ability for the Company to obtain, maintain, protect and enforce the Company’s intellectual property rights and use of “open source” software; the concentration of the Company’s revenues on a single solution; the Company’s ability to timely design, produce and launch its solutions, the Company’s ability to invest in growth initiatives and pursue acquisition opportunities; the limited liquidity and trading of the Company’s securities; risks related to existing and changing tax laws; geopolitical risk and changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; operational risk; the impact of fluctuating general economic and market conditions; the need for additional capital to support business growth, which might not be available on acceptable terms, if at all; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on resources, and the Company’s ability to identify and implement digital advances in its technology. These and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on March 24, 2023, as may be updated from time to time in other filings we make with the SEC including our Quarterly Report on Form 10-Q for the quarter ended on June 30, 2023 that was filed with the SEC on August 10, 2023, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release.  

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. 

Media Contact: 
Alexandra Smith Ozerkis 
aozerkis@evolvtechnology.com 

Investor Contact: 
Brian Norris 
bnorris@evolvtechnology.com 

Evolv Partner ICU Technologies Helped District Tap State Resource to Fund AI Weapons Detection 

WALTHAM, Mass. – (September 21, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, announced it is now used in nine schools in California’s Madera Unified School District. The district, northwest of Fresno, purchased Evolv’s state-of-the-art Evolv Express® screening solution through integration partner ICU Technologies, a leader in K-12 security buying. 

Madera Unified School District began the 2023-2024 school year with 17 total Express systems across its high, middle, and continuation schools. It has systems at the main entrances to each school, and plans to use Express to screen select sporting event attendees as well. The district was pleased with the system’s performance following a trial of the tech at the end of the last academic year, which led to the purchase. 

“We’re proud of our status as a leader in student safety in California,” said Lawrence Fernandez, safety and security director for Madera Unified School District. “Evolv is helping us set the standard for student and staff safety, and between Evolv and ICU Technologies, the deployment couldn’t have gone more smoothly.” 

To acquire security technology for their schools, districts often must endure a lengthy and time-consuming RFP process. Due to unique federal and state-held contracts, ICU Technologies provided the district with a time and money-saving alternative. Leveraging a California fund requiring that monies be used to provide a safer learning environment helped  Madera to promptly achieve a safer posture. 

“Schools can’t afford to waste time when it comes to securing their buildings for the safety of students, faculty and visitors, and many school leaders are unaware that the resources we leveraged on Madera’s behalf are available,” said Jason Eatmon, chief experience officer with ICU Technologies. “Our purchasing contracts and understanding of funding sources help for an expedited and more streamlined purchasing and installation process. Working with Evolv helped us to add Madera to a rapidly growing list of schools that have incorporated Express as a key component of their security.” 

Evolv Express is part of the security solution in more than 650 school buildings across the nation. While many of Evolv’s education customers are concentrated in the Midwest and Eastern parts of the U.S., Madera is one of a handful of schools in the Western part of the country to announce its use of the system in recent weeks. New Mexico’s Rio Rancho Public Schools disclosed earlier this month that it purchased more than 20 Express systems. 

“Safety has always been paramount for Madera Unified School District, and they’ve efficiently incorporated Evolv into the fold,” said Neil Sandhoff, Evolv’s vice president of education. “Thanks to ICU Technologies, the district realized that Express was a viable option. We’re thrilled to have the district on our roster and hope other schools follow Madera’s lead in taking advantage of similar available resources to enhance safety and the overall learning environment.”  

Evolv is used in over a dozen of the top 100 school districts in the country. Evolv Express screens roughly 250,000 students each day, and overall it has detected more than 355,000 weapons since 2022, including more than 179,000 in the first six months of 2023 alone. 

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 750 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. 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 June 30, 2023 that was filed with the SEC on August 10, 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.   

Media Contact: 
Alexandra Smith Ozerkis 
aozerkis@evolvtechnology.com 

Investor Contact: 
Brian Norris 
bnorris@evolvtechnology.com 

Evolv adds visual gun detection to enhance the perimeter of detection beyond the venue threshold 

WALTHAM, Mass. – (September 7, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is proud to unveil the latest innovation in its product portfolio, Evolv Extend™, designed to identify non-concealed (or brandished) guns approaching a venue and expand detection beyond the door.  

With a focus on delivering critical, timely information to “First Reactors” (those near or operating an Evolv Express® system, which detects concealed weapons), Evolv aims to help empower such professionals to take prompt action to address guns visible to the cameras as they approach a venue. In today’s world, where every second counts when it comes to gun violence, a swift response is paramount to help reduce the risk of harm.  

Evolv partnered with Omnilert to create Evolv Extend, incorporating Omnilert Gun Detect, their best-in-class AI visual gun detection software. Combining selected 4k resolution security cameras and AI, Evolv Extend analyzes high-resolution video streams to help identify brandished guns at distances up to 100 feet, depending on gun type and orientation. Once a potential threat is detected, a comprehensive image, highlighting the detected gun, along with live, annotated video footage from the relevant camera, is transmitted to the tablet of the onsite security staff, or First Reactors, positioned near the Express system. Additionally, the command center, broader security team, and first responders receive the same image with a recorded video clip showing when the gun appeared. The information presented to the user enables them to quickly make a decision and act on it, similar to the user experience with Evolv Express’ “Red Box” image-aided alert.  This early warning is designed to help empower security operators to swiftly implement emergency operational procedures, like locking the doors, getting people to safety, and alerting the broader security team.  

“The brandished gun detection technology is right up our alley,” said Kyle Jones, deputy superintendent at Florence 1 Schools in South Carolina. “Evolv continues to be proactive with its products and this technology is exactly what we need to add to our perimeter of defense. We sent various groups through the trial, including a high school marching band and our SROs, and the weapon was detected every time.”    

“With the introduction of Evolv Extend, Evolv reinforces our commitment to delivering the most innovative security solutions that prioritize rapid response and the safety of people,” said Peter George, CEO at Evolv Technology. “By helping enable security teams to detect brandished guns from a distance, Evolv aims to provide the information and tools necessary for security operators to proactively address threats and help protect lives.”  

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 750 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. 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®, and Evolv Cortex AI® are registered trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com.  

About Omnilert  

Omnilert is transforming public safety with the industry’s most effective AI-powered active shooter prevention solution that combines early visual gun detection with a proven rapid response that can save time and lives. The Omnilert Gun Detect platform empowers existing security cameras with monitoring software that can identify gun threats at first sight and then activate automated response capabilities that helps to maximize each critical second. Once a gun is verified, this could include locking doors, notifying first responders, sending images, location and video of the shooter; and sending alerts and guidance to anyone near the situation, all in mere seconds. Founded in 2004, Omnilert is the trusted partner to thousands of customers across multiple industries including K-12 schools, higher education, government, healthcare, manufacturing and retail. The company is headquartered in Virginia. For more information, visit https://omnilert.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 June 30, 2023 that was filed with the SEC on August 10, 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.      

Media Contact:  
Alexandra Smith Ozerkis  
aozerkis@evolvtechnology.com  

Investor Contact:  
Brian Norris  
bnorris@evolvtechnology.com  

Newest update delivers easier, more efficient experience for system operators  

WALTHAM, Mass. – (August 31, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, is delighted to unveil the latest software update to its Evolv Express® system, including enhancements to the detection algorithm and a refreshed tablet user interface.  These improvements enhance operational efficiency for security professionals and system operators. Evolv customers have access to ongoing improvements several times a year through their subscription.  

Evolv Express is used in hundreds of stadiums, arenas, performing arts centers, schools, hospitals, and public spaces around the country, offering an advanced security layer that creates safer spaces in a respectful and efficient manner. Frontline security staff play an important role in managing the technology and operations that are used in keeping weapons out of venues.  Simple, easy to learn, and easy to operate technology interfaces help to improve efficiency and facilitate on-task attention. Reducing security staff stress and making their role more efficient is one key to mitigating security risks in venues. Through the Express tablet, operators of the systems can easily identify threats in an unbiased way, direct to secondary screening as needed, and begin a targeted search – all of which helps to expedite the security process and threat resolution. 

“This latest update underscores Evolv’s dedication to advancing technology as well as our commitment to improving support for the people and processes involved in a security plan based on valuable customer feedback. Customers can easily train new Express operators and more quickly address alerts as people move through the system,” said Evolv co-founder Anil Chitkara. “The new tablet user interface has been redesigned to prioritize the needs of operators.” 

Key enhancements in the Express 7.0 include:  

• Improved Operations: The new tablet interface boasts more efficient identification of alerting individuals and improved alert resolution workflow and threat categorization.  

• Simplified Home Screen: The home screen now includes the essential information required for operators to perform their tasks. 

• Enhanced Flow Control Alert Screen: The introduction of a new flow control alert screen can streamline the management of visitors requiring secondary screening. 

• Modern Look and Feel: The new interface delivers a more visually appealing and intuitive user experience.  

• Updated Detection Algorithm: Evolv is committed to regularly enhancing our AI-based algorithm’s ability to detect potential threats, while simultaneously reducing the frequency of nuisance alarms. Express 7.0 reduces nuisance alarms, which meaningfully enhances the visitor experience.  

“Ongoing detection upgrades available through our SaaS model set Evolv apart. Additionally, the guard and visitor experience is enhanced by quickly pinpointing the threat location on an individual,” said Mike Ellenbogen, co-founder, and chief innovation officer at Evolv Technology. “By providing clear visual evidence for noninvasive secondary screening, it can drive operational efficiency.”  

“We know the Evolv team is always working to improve and update their security software.  The enhancements to the detection algorithm benefit our overall security program and the entry process for our fans,” said Pete Nesbit, SVP, Ballpark Operations, Boston Red Sox. 

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 750 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. 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®, and Evolv Cortex AI® are registered 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 June 30, 2023 that was filed with the SEC on August 10, 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.    

Media Contact:  
Alexandra Smith Ozerkis  
aozerkis@evolvtechnology.com  

Investor Contact:  
Brian Norris  
bnorris@evolvtechnology.com