Category: press_release

All Fans at Citi Field Will Experience Evolv in 2023

Posted on by admin

Evolv Named Official Fan Screening Provider of the Mets as Presence at Ballpark Grows 

 

WALTHAM, Mass. – (April 20, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that its screening solution will be used at all Citi Field entrances beginning in the 2023 season.  

Citi Field has already featured Evolv’s state-of-the-art Evolv Express® screening solution at its busiest gates since 2021. Beginning on April 6th for the Mets home opener against the Marlins, usage of the Evolv Express security screeners was expanded to welcome fans at all major points of entry. This will now provide guests with an efficient touchless security experience – no stopping or slowing for a wand or traditional metal detector check process.  

“We’ve had tremendous success with Evolv, and the feedback from fans has been overwhelmingly positive,” said Oscar Fernandez, Mets vice president of technology solutions. “It is an exciting time to root for the Mets, and fans are coming out to see the team in droves. We want to make sure everyone has the same positive experience, starting from the moment they enter the ballpark.” 

Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. It allows security officials to tell the difference between threats and the everyday items people carry in their pockets and bags. 

 “We’ve had a great experience already working with the Mets,” said John Baier, Evolv’s vice president of sports. “We look forward to an increased Evolv presence at Citi Field in 2023, helping to keep fans safer while getting them into the park quickly so they can ‘Meet the Mets.’” 

 Citi Field is one of many Major League Baseball parks partnering with Evolv as the 2023 season gets underway. The technology is featured in a wide variety of sports facilities, from the NHL’s Wells Fargo Center in Philadelphia to the NFL’s SoFi stadium in Los Angeles, and Major League Soccer’s Lower.com Field in Columbus, Ohio, among others. 

 

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 500 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. 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 

 

Purple Innovation Chooses Evolv for Warehouse Security

Posted on by admin

Mattress Company Uses Evolv’s Screening Solution to Create a Safer Workplace for Employees  

 

WALTHAM, Mass. – (April 18, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI- based weapons detection security screening, today announced its partnership with Purple Innovation, a mattress company with factories in Georgia and Utah. 

Purple is using Evolv’s state-of-the-art Evolv Express® screening solution at its factory in Georgia, with plans to bring the technology to its facilities in Utah soon. Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. For Purple, that means employees can be safer at work without a time-consuming entry process during a shift change that can involve a few hundred people coming in at the same time.  

“This is Purple going above and beyond to keep employees safe,” said Heather Beasley, Purple’s security manager. “If just the presence of Evolv prevents people from bringing in weapons, that’s what we want. People should be able to focus on their job while they’re here, and Evolv allows them to have a sense of security while they’re working.” 

Representatives from Purple experienced how easy Evolv could be when they attended an event at an Ohio stadium. When they saw how people could walk straight through without always stopping for individual checks, they knew Evolv was perfect for their facilities. In a manufacturing workplace, many items are needed for production that might be considered weapons in other work environments. Evolv’s AI learns which items are appropriate for Purple’s workplace that might set off an alarm somewhere else. 

“Evolv is proud to partner with an organization like Purple that puts employee safety first,” said Peter George, CEO of Evolv Technology. “At Evolv, we aim to create a safer world for people to live, work, learn, and play, and we can help only do that if we have organizations like Purple using Evolv in their environments.” 

In addition to open floor plan warehouses like Purple’s and sports facilities, Evolv is used everywhere from office buildings to schools and hospitals, as well as other ticketed facilities like performing arts centers. 

 

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 500 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. 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 

Wells Fargo Center Partners With Evolv For Fan Security Solution

Posted on by admin

Evolv Brings Touchless Security Screening To Broad Street 

 

WALTHAM, Mass. – (April 13, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with the Wells Fargo Center in Philadelphia. 

 The Wells Fargo Center will feature Evolv’s state-of-the-art Evolv Express® screening solution for Flyers games as well as concerts and other touring events at the arena, allowing fans to pass through security in a faster, easier and more welcoming manner. Officials at the Wells Fargo Center learned about Evolv having seen it used at other facilities in different sports leagues. Wells Fargo Center is now the third professional sports venue in Philadelphia to partner with Evolv to enhance their visitor security screening experience. Evolv is the fan screening provider for dozens of sports teams around the country in the NFL, MLB, NHL and MLS.   

 “Everything we’ve heard from our peers partnering with Evolv has been positive, from how easy it is to use to how pleased fans are with the experience,” said Valerie Camillo, President and CEO of Spectacor Sports and Entertainment. “When the National Hockey League gave us the go-ahead to find a better way of screening as many as 20,000 fans per game, the choice for us was clearly Evolv.” 

 According to Wells Fargo’s security team, early returns have been positive, with Evolv setting off fewer alarms than security officials experienced with traditional magnetometers. Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. It quickly distinguishes between threats and the everyday items, so people do not need to always empty pockets and bags. As a result, most fans make their way directly into the arena without having to stop at security. Wells Fargo Center began using Evolv at Flyers hockey games in mid-February.  

 “Evolv is thrilled to partner with Wells Fargo Center to help keep Flyers fans safer while making sure they can get into the arena more quickly and in a better, easier manner,” said John Baier, Evolv’s vice president of sports. “With Evolv, fans can enter without the anxiety of being late, accidentally setting off alarms, or the stress of missing valuable playing time on the ice.” 

 The Wells Fargo Center joins a fast-growing roster of sports facilities partnering with Evolv to provide a safer, more fan-friendly experience. Among the many ballparks and stadiums in the sports world using Evolv’s technology are Major League Baseball’s PNC Park in Pittsburgh, the National Football League’s SoFi Stadium in Los Angeles, and Lower.com Field in Columbus, Ohio from Major League Soccer. 

 

About Wells Fargo Center 

The Wells Fargo Center is one of the busiest arenas in the world. In addition to being the home of the NHL’s Philadelphia Flyers, it has hosted a variety of events since its opening in 1996. In addition to sporting events as diverse as the X-Games, college playoffs, and U.S. Figure Skating and Gymnastics Championships, it also hosted the Republican National Convention in 2000. 

 

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 500 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. 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 

New Research: 4 out of 10 Educators Are Considering Quitting. The Reason? Gun Violence.

Posted on by admin

The survey, commissioned by Evolv Technology, quantifies and reveals the toll gun violence in our schools is taking on teachers  

 

Waltham, Mass. – (April 12, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the findings of a study – Guns Violence in America: The Impact on Educators – it commissioned with market research firm Equation Research. The inaugural report reveals that gun violence is taking a significant toll on educators, with 9 out of 10 believing their chances of encountering an active shooter at work has increased over the past 12 months.  

 

Key findings:  

  • 1 in 3 respondents report having experienced a shooting at work (in a school setting)  
  • 1 out of 4 have been threatened by a student  
  • Sixty-one percent (61%) report their anxiety has increased over the past 12 months  
  • 4 out of 10 have heard students make threats against the school 
  • Twenty-two percent (22%) report being scared of one/more of their students 
  • Fifty-eight percent (58%) report being extremely/moderately anxious about going to work 

 

“These findings highlight a need for us, as a country, to do better for our educators,” said Jill Lemond, director of education at Evolv Technology & former assistant superintendent of safety and school operations for Oxford Community Schools. “Unfortunately, we haven’t equipped schools to deal with the anxiety, fear, and trauma students are bringing into the classroom. As a result, those on the frontlines – most of whom haven’t been trained in mental health – are bearing the burden of this national crisis. We are asking too much of them, and this research reveals the toll that is taking.”  

 

What’s behind the increase in anxiety among educators  

Seven out of ten respondents report that their anxiety has changed over the past 12 months, with 88% saying it has increased. The reasons they cite for that rise include:  

 

  • The increase in gun violence around the country – 55%  
  • Recent school shootings (such as Uvalde, TX) – 53%  
  • A recent violent incident at school – 27%  
  • Threats from students – 27%  
  • Threats from students’ parents/families – 27%  

 

Educators report the following responses and reactions to their increased anxiety:  

 

  • They take more mental health breaks – 45%  
  • They report being “jumpier” in certain situations – 38%  
  • “I feel like my mind is never operating at 100%” – 30%  
  • “I am not able to provide the highest quality of education I am capable of” – 28%  
  • “I have less patience with students, parents and colleagues” – 24%  

 

For educators who report taking mental health breaks, 1 out of 3 report that they find a quiet place and cry.  

 

How schools are prioritizing safety 

Eighty-seven percent (87%) of educators report that their schools are actively taking steps to prevent gun violence. Some of those activities include:  

 

  • Lock entrances – 50%  
  • Security guards at entrances/exits – 50%  
  • Conduct active shooter training/drills – 43%  
  • Security guards patrol the building – 42%  
  • Installed weapons detection/screening – 39%  

 

Eighty-one percent (81%) wish more could be done to ensure a safer environment at work; 49% cite they would feel safer if weapons detection/screening was in place at their school.   

 

The threat landscape inside our schools  

According to educators, current students present the highest risk of violence in a school setting (30%), followed by community members – not current students/families (24%) and past students (17%).  

 

The report highlights how frequently America’s educators are facing threats. Over the past six months, they report:  

 

  • Someone has made a threat against my colleague – 27%  
  • Someone brought a knife – 25%  
  • Someone brought a gun – 22%  
  • Someone made a bomb threat – 19%  
  • Someone made a threat against me – 16%  

 

According to educators, students are not OK  

Forty-three percent (43%) report that students are more anxious over the past 12 months than before, and 34% say they are more socially awkward and unable to read social cues. Three out of 10 report students are jumpier and more on edge, while 17% say they are quicker to anger.  

 

Forty-one percent (41%) have heard a student(s) make threats against the school, and more than half have heard them make a threat against another student(s).   

 

Lemond continued: “Half of the educators surveyed report that they spend 2-5 hours each month on safety-focused activities, such as active shooter drills. While we can talk for days about a school’s response to an active shooter, we want to help schools and educators design security protocols that keep the guns out. We hope these insights demonstrate the need to not only prioritize safety and security at our schools, but mental health – for both students and teachers.”  

 

Click HERE for the full report.  

 

Survey Methodology 

Evolv Technology commissioned Equation Research to conduct the survey, which ran from December 7 to December 12 2022. The survey captured responses from 263 education professionals in the U.S. 

 

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 500 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. 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  

  

New Research: 88% of Americans Are Anxious About Gun Violence; Nearly Half of Gun Owners Report Carrying Their Weapons More as a Result

Posted on by admin

The survey, commissioned by Evolv Technology, quantifies Americans’ perceptions of gun violence and its impact on behavior  

 

Waltham, Mass. – (April 12, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced the findings of a study – Gun Violence in America: A Survey on Americans’ Anxiety – it commissioned with market research firm Equation Research that reveals the toll gun violence is taking on Americans. The second-annual report highlights a dramatic increase in anxiety – and changes in behavior as a result – over the past 12 months.  

Key findings:  

  • 85% believe gun violence is a problem in America (vs. 78% in 2021)  
  • More than one-third believe it is likely they will encounter an active shooter in their lifetime (vs. 28% in 2021)  
  • Nearly 3 in 10 Americans have thought about moving [from their current home/location] out of fear of gun violence (vs. 12% in 2021)  
  • 22% believe they are more at risk of encountering an active shooter based on their religious affiliation (vs. 15.3% in 2021) 
  • Nearly half (47%) of gun owners say they are carrying their guns with them more today due to the increase in gun violence  
  • 1 in 5 non-gun-owning Americans say they plan to buy a gun; more than half indicating it’s as a result of America’s increase in gun violence  

“We believe this research demonstrates that, as Americans, we are all suffering collectively,” said Peter George, CEO, Evolv Technology. “Rather than becoming numb to the rise in gun violence, people are reporting that their anxiety levels are on the rise – and impacting other areas of their lives. It is making them reconsider the way they live their lives. The study shows increases in the number of people who have thought about moving and those who report higher levels of anxiety when they go to the movies and into a grocery store. It’s imperative that we learn from these findings and identify ways to address these rising levels of fear so we can all live, work, learn and play safely – without paralyzing levels of anxiety.”  

Watch Evolv’s Gun Violence Anxiety Report Key Findings Video

Watch Video

Anxiety is high among parents  

Following school shootings in Uvalde, Texas (May 2022) and Oxford, Michigan (November 2021), the research reveals that anxiety among people with children is high.  

  • Half of the households with children have considered homeschooling their children out of fear of gun violence  
  • 1 out of 2 have purchased, or are considering purchasing, “gun safety” materials, such as bulletproof backpacks 
  • Of those, 1 out of 4 did so because their children asked for them  
  • 3 out of 4 parents indicate that their child(ren) has some anxiety about school shootings  
  • 54% report their child(ren)’s anxiety has increased since 2020 

The findings highlight that Americans are concerned about the risk of shootings in everyday locations, but for many, some places provoke higher levels of anxiety than others.  

  • Thirty-seven percent (37%) of Americans list “large gatherings” as the top answer when asked where they have increased anxiety as a result of gun violence and/or terrorist activity (vs. 31% in 2021)  
  • Americans report increased levels of extreme/moderate anxiety at the following everyday places:  
  • Bar/night club: 71% (vs. 68% in 2021) 
  • Work: 60% (vs. 53% in 2021)  
  • Places of worship: 60% (vs. 58% in 2021)  
  • Movie theater: 64% (vs. 61% in 2021)  

The pervasive feeling of anxiety and worry carries over into what Americans are willing to do in order to reduce the threat of a mass shooting. When asked whether they would be willing to go through extra steps [to reduce those threats] at everyday locations, such as the grocery store, workplace or movie theater, they answered:  

  • Go through weapons detection screening: 67% (vs. 57% in 2021)  
  • Have bags checked: 59% (vs. 46%)  
  • Check guns at the door: 48% (vs. 44%)  
  • Be patted down by a security professional: 46% (vs. 37%)  
  • Only 12% would not be willing to go through these extra steps (vs. 22% in 2021) 
  • 3 out of 4 report feeling safer at places that screen for and do not allow weapons inside  

Click HERE for the full report.  

Survey Methodology 

Evolv Technology commissioned Equation Research to conduct the survey, which ran from December 7 to December 20 2022. The survey captured responses from a broad distribution of 2,015 adults in the U.S. aged 18 and older. 

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 425 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 

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. 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  

Philadelphia Phillies Choose Evolv as Preferred Fan Screening Provider

Posted on by admin

Artificial Intelligence-Powered Solution to screen fans at Citizens Bank Park beginning Opening Day 2023 

 

WALTHAM, Mass. – (April 6, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with the defending National League champion Philadelphia Phillies. 

Citizens Bank Park will feature Evolv’s state-of-the-art Evolv Express® screening solution beginning with the Phillies’ home opener on April 7, when they host the Cincinnati Reds. Fans will be able to walk through the entrance gates without always having to stop to open bags or be checked individually as they enter the ballpark. 

“Philadelphia fans are so passionate about their teams – we want that energy in the ballpark, not lined up outside,” said Sal DeAngelis, vice president of operations and security for the Phillies. “Evolv helps to get everyone in quickly and safely, and from a security standpoint they are great to work with and help us do our job better.” 

Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. It allows security officials to tell the difference between threats and everyday items people carry in their pockets and bags. Citizens Bank Park is the third Philadelphia pro sports venue to implement Evolv.  

 “This is an exciting time for Evolv to partner with the Phillies,” said John Baier, Evolv’s vice president of sports. “Fans saw their team go to the World Series last year, and they look to continue that momentum on and off the field from the moment they arrive. With Evolv’s technology in the fold for 2023, fans can expect that same winning experience at the entrances as they get to the ballpark to see their Phillies play.” 

 Evolv is used at a growing number of facilities in all sports, including NFL stadiums like SoFi Stadium in Los Angeles and Mercedes-Benz Stadium in Atlanta, as well as Major League Baseball’s Fenway Park in Boston and Citi Field in New York. 

 

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 500 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.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 Named Official Weapons Detection Screening Systems Provider of the 2022 MLB World Champion Houston Astros

Posted on by admin

AI-powered technology the latest champion caliber, fan-friendly innovation at Minute Maid Park  

 

WALTHAM, Mass. – (April 4, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with the 2022 World Champion Houston Astros. 

The Astros began featuring Evolv’s state-of-the-art Evolv Express® screening solution at Minute Maid Park on Opening Day, March 30, when the Astros begin their 2023 season at home against the Chicago White Sox. Fans will be able to walk through the entrances at a quicker pace, making a more enjoyable security experience. 

“Evolv aligns perfectly with our recent efforts to use technology to improve the fan experience at Minute Maid Park,” said Marcel Braithwaite, Senior Vice President of Business Operations for the Astros. “The fact that it streamlines entry without sacrificing security makes it the ideal solution for us.” 

Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. It allows security officials to identify threats versus the everyday items people carry in their pockets or bags without always having to stop and check everyone individually. 

“It’s exciting for Evolv to be a part of the innovative solutions the Astros are bringing to Minute Maid Park,” said John Baier, Evolv’s Vice President of Sports. “To see a team that just won the World Series continue to work to make things even better for fans is amazing. Evolv is thrilled to be a part of that drive to be the best.” 

 

Minute Maid Park’s Security and Bag Policy 

In compliance with MLB and Astros security policies, all guests entering Minute Maid Park are subject to inspection by handheld and walk-through metal detectors as well as other protocols deemed by security staff members. 

Bags exceeding 16” x 16” x 8” are prohibited. Backpacks are also prohibited (possible exceptions include diaper bags, single-compartment drawstring bags, and other bags used for medical reasons if they are within the MLB Bag Size requirements to not exceed 16” x 16” x 8”). All bags will be checked at all gates prior to entry. 

 

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 500 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.  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 Partners With Acrisure Stadium For Seamless Stadium Security

Posted on by admin

Another Pittsburgh Landmark Turns To Evolv For Its Screening Needs 

 

WALTHAM, Mass. – (March 23, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in Artificial Intelligence (AI)-based weapons detection security screening, today announced it has been named the Official Fan Screening Provider of Acrisure Stadium.

Evolv’s state-of-the-art Evolv Express® screening solution is located at Acrisure Stadium’s busiest gates, screening the vast majority of fans as they enter the venue. Acrisure Stadium hosts concerts and other events as well. 

Evolv Express uses powerful sensor technology with AI to provide safer, more accurate threat detection at unprecedented volume and speed. Fans walk through without always stopping or having to open bags. Evolv’s technology allows security officials to differentiate between threats and the everyday items people carry in their pockets and bags, which reduces long lines and allows guests to make their way directly into the stadium without invasive security experiences.  

 “Our fans are amazing, and we needed to make sure we were providing them with the kind of security solution they deserve,” said Jimmie Sacco, Vice President of Operations and Stadium Management at Acrisure Stadium. “Evolv not only helps make entry safe and seamless for the best fan base in sports, but from the very start, they have come on site multiple times to monitor, support and make sure everything was running smoothly.” 

Acrisure Stadium turned to Evolv after officials saw the success of the technology at other venues, as well as in its own city with the Pittsburgh Cultural Trust. Evolv will also be used at PNC Park for the 2023 season. 

 “As the home of one of the most storied franchises in football, Acrisure Stadium knows what great defense looks like,” said John Baier, Evolv’s Vice President of Sports. “Evolv brings that defensive mentality from the field to the gates, helping keep fans safe without impacting their enjoyment of the event.” 

 Acrisure Stadium is the latest sports facility to partner with Evolv to provide a safe fan experience. In addition to PNC Park in Pittsburgh, stadiums using Evolv Technology include SoFi Stadium in Los Angeles, Tennessee’s Nissan Stadium, and Gillette Stadium in Foxboro, Massachusetts, among others. 

 

About Acrisure Stadium 

Acrisure Stadium opened in 2001. It seats more than 68,000 people. In addition to football, Acrisure Stadium hosts concerts when the biggest acts come to town.  

 

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 500 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, 2021, that was filed with the SEC on March 28, 2022, 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, 2022 that was filed with the SEC on November 9, 2022. 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’s AI-Powered Technology Helps Secure Manassas City Public Schools’ High School

Posted on by admin

Safety and speed helped school district choose Evolv for weapons detection 

 

WALTHAM, Mass. – (March 22, 2023) – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced its partnership with Manassas City Public Schools in Virginia. The school district will use Evolv’s state-of-the-art Evolv Express® security solution at its high school, screening over 2,300 students daily as part of a layered approach to school safety. 

The district had been considering screening for weapons for a while following a number of nationwide incidents, but it didn’t want students to be subject to an invasive screening and negative start to their day. After seeing Evolv Express being used at another site in the Washington, DC area, district officials researched to find the right advanced weapons screening system for their schools.  

“I’m proud of our School Board and district for adding this additional safety measure for our school,” said Mike Pflugrath, Osbourn High School’s principal.  “It took a moment for the students to understand what would happen as they moved through the screeners on the first day, but by the second or third day, they saw just how easy and non-intrusive the system is.” 

Evolv Express uses powerful sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed. The technology allows designated security officials to tell the difference between threats and most everyday items people carry to school such as cell phones or keys. Osbourn High School is using four Evolv Express systems, allowing its more than 2,000 students, staff, and visitors to walk through every morning without always having to stop and be checked one by one unless something is detected. 

“Evolv is proud to be a part of the safety plan at Manassas City Public Schools,” said Peter George, CEO of Evolv Technology. “The students and staff at Osbourn High School have already talked about how glad they are that the district implemented a screening solution. That’s a common thread among all the schools we work with. Evolv helps bring peace of mind to a school community, allowing them to focus on learning in a safer environment.” 

Manassas City Public Schools is the latest school system to partner with Evolv. Atlanta Public Schools, Nebraska’s Winnebago Public Schools, and Spartanburg School District Six in South Carolina, among others, have all seen a more efficient screening process in their school environments since installing Evolv. 

 

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 500 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, 2021, that was filed with the SEC on March 28, 2022, 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, 2022 that was filed with the SEC on November 9, 2022. 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 Technology to Host Analyst Day on May 25, 2023

Posted on by admin

Waltham, Massachusetts – March 20, 2023 – Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it will host Evolv Technology Analyst Day 2023 on Thursday, May 25, 2023 from 9:00 a.m. to 2:00 p.m. Eastern Time. Members of the Company’s management team will provide an overview of the Company’s vision, strategy, growth initiatives, business trends, products and technology as well as its financial goals. Evolv Technology Analyst Day 2023 will be simultaneously webcast on the Company’s investor relations website, which can be accessed at http://ir.evolvtechnology.com.  

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 live, 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 500 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 or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com.  

 

Forward-Looking Statements 

This press release may contain 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 our ability to meet our goals for revenue and profitability, as well as our estimates for cash and cash equivalents, including for fiscal year 2023, our ability to retain existing and acquire new customers, and our ability to maintain our market position 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 and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, 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 competitiveness of the market in which the Company competes; the ability for the Company to obtain, maintain, protect and enforce the Company’s intellectual property rights; 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; risk that the COVID-19 pandemic may have an adverse effect on the Company’s business operations, as well as the Company’s financial condition and results of operations; the impact of fluctuating economic conditions; the need for additional capital to support business growth, which might not be available on acceptable terms, if at all; risks related to our indebtedness; and litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on resources. 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, 2021 filed with the Securities and Exchange Commission (“SEC”) on March 28, 2022, as updated in other filings we make with the SEC including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 that was filed with the SEC on November 9, 2022, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release.   

Investor Contact:
Brian Norris
bnorris@evolvtechnology.com