How the Digital Transformation of Physical Security Impacts a Venue’s Stakeholders

When considering major organizational changes, like the digital transformation of physical security at a venue, security and operational leaders must ask themselves who this change will impact, and how.

Of course, as part of the evaluation of an organization’s physical security, reducing risk is paramount. All changes that impact stakeholders from across a venue must be evaluated through this lens.  

This blog considers the perspective of five groups impacted when a venue introduces touchless physical screening for weapons detection—visitors, security leaders, operations, guard staff, and the public at large—and how the results of such a change are experienced by each group. For more information on the benefits to these stakeholders, read the new eBook: Five Ways Data Improves Physical Security.

The Impact on Visitors

New physical screening technologies first and foremost impact guests, employees, and other visitors who walk through the doors of a venue. With Evolv Express®, rather than waiting in long lines for walk-through metal detectors, visual bag checks, or wanding technologies, people entering a venue can simply walk through the system at a natural pace.

Touchless screening preserves the dignity, health, and safety of visitors, while targeted visual alerts delivered onscreen for guard staff return focused information about where on a person or in their bag the potential threat could be located, accelerating alarm resolution and further reducing the burden on visitors.

The Outcomes: Reducing the need to stop, divest of personal belongings, and turn over bags improves the guest experience, as evidenced by the change from 4.0 to 4.6 out of 5 ratings for guest experience at the Georgia Aquarium following the introduction of Evolv Express systems—a change the team there attributed to the replacement of walk-through metal detectors in their lobby with Evolv Express systems.

The Impact on Security Leaders

Security leaders at your venue prioritize security ConOps (concept of operations) approaches that ensure the highest degree of safety for visitors while maintaining the best possible guest experience. And while “managing by walking around” can tell these leaders a lot about what’s working and what isn’t, traditional methods like walk-through metal detectors and wanding simply don’t make an accounting of their own success—or lack thereof.

In contrast, Evolv Express keeps a count of each visitor that walks through and each alarm that is triggered, and it provides operators with the means to tag each alert upon resolution in order to identify which types of threats are encountered most. Evolv Insights provides visibility into these metrics across every day, time, and type of event at a venue: down to highly granular, five-minute intervals.

The Outcomes: The objective data accompanying Evolv Express has helped one performing arts venue find 85 knives and 20 handguns in just one month of operation with 9000 visitors.

At another popular performing arts venue with Evolv Express, Pittsburgh Cultural Trust, the team was able to improve their ConOps with a smaller security footprint (by 60%), improved staff use through redeployment to other parts of their venues (by 50%), and by eliminating the need for guests to stand outside in the rain—improving guest experience and security together through better data-driven planning.

They talk about this success in these terms: “Based on analytics for past events, we can make better staffing decisions—from the number needed to predicting when surges will occur. Knowledge is power and the more I can get from data, the better I can do my job and ensure the safety of our guests.”
– Chief Security Officer at Evolv Customer Pittsburgh Cultural Trust

The Impact on Venue Operations

With clearer front entryways, no more security bottlenecks, faster ingress by visitors into their venues, and comprehensive analytics for visibility into traffic at every entryway, venue operations teams can also benefit from Evolv Express and Evolv Insights.

Faster “mean time to beer” is one such positive outcome—getting people to their seats faster can boost sales and make for happier visitors that have more time to spend on concessions and merchandise. But better data can also help these vendors make better staffing and resourcing decisions, improve operational efficiencies, reduce waste, and maximize profitability. It can give guest services teams the evidence they need to gauge staffing needs and keep visitors flowing through areas typically congested after guests have passed through security—like ticketing, usher services, guides or docents, and so on.

Outcomes: The Georgia Aquarium uses information gathered from Evolv Insights, the companion analytics application to Evolv Express, to understand who is coming through their entrances when, and to tailor programs accordingly. What’s more, up to 50% of the front lobby space at their aquarium has been reclaimed from security lines and walk-through metal detectors to be repurposed as exhibit space, creating a more welcoming, positive experience for their guests.

In their own words, “With the Express systems, we know exactly how many guests enter and at what time of the day… Our marketing department can leverage this information to determine programs and spend. Our operations team uses the data to make broader staffing decisions.” – SVP of Hospitality and Operations, Georgia Aquarium

The Impact on Guard Staff

Guard fatigue can exacerbate risks at venues that use walk-through metal detectors and other manual methods of checking visitors. When everyday metal objects can cause these systems to produce so many false alarms, it becomes easier for guard staff to miss seeing weapons when they are there. Knowing a system alerted, but not knowing where on someone’s person to look, is another risk introduced by traditional, analog methods that can lead to guards missing threats.

Add to these stresses the long lines, crowded queues, and high-touch scenarios, and customers can quickly become frustrated with guard staff—and guards with customers. It’s no wonder, then, that turnover rates can be high, pay low, staff inexperienced, and onboarding time a burden for important guard roles at public venues.

The Outcomes: The Georgia Aquarium reported reduced staff attrition following the introduction of Evolv Express. And reduced turnover adds up to time and budget saved in onboarding and training. Also useful for onboarding and training: information about what threat and benign items the venue experiences the most—to ensure guards will know what to be on the lookout for when the system does alarm—along with information about what event types see the most threat items and where. This information can help security leaders train, staff, and install the most experienced guards in the right areas at the right times.

The Impact Beyond Your Four Walls

Safer, more secure venues make an impact not only on the brand but also on the community in which a venue operates. Stopping would-be perpetrators before they have an opportunity to harm people will improve the safety of venues and safeguard those in their care. Even before the threshold, would-be perpetrators often see security equipment and turn right around, either leaving their threat items outside the venue or not choosing to enter and do harm to others.

And as visitors, employees, VIPs, and other members of the surrounding community begin to realize the ease of entry, the high-quality experience afforded to guests, the reduced impact on guard staff, and the resulting improved physical security afforded to all who enter the venue, it’s just possible that the impact of a digital transformation will extend beyond those four walls. The ability to lead new initiatives in physical security throughout an industry and across a community might just set off a chain reaction of venues seeking to also improve the security of those around us—other families, concertgoers, art enjoyers, employees, sports fans, artists and athletes, future artists and future athletes—and we may all, together, begin to build a safer world.

Evolv Technology Reports Strong Third Quarter Financial Results

Company Raises Outlook for 2021

Q3 Total Contract Value (TCV) of $16.9 million, up 365% year-over-year

Q3 Revenue of $8.4 million, up 473% year-over-year

Evolv Technology (NASDAQ: EVLV), the global leader in weapons detection security screening, today announced financial results for its third quarter ended September 30, 2021 and raised its business outlook for 2021.

“We are pleased to be reporting strong third quarter results highlighted by record revenues, accelerating channel activity and category defining new product innovations,” said Peter George, Chief Executive Officer of Evolv Technology.  “We continued to extend our market leadership position with dozens of new customers including the Indianapolis Symphony Orchestra, the Nasdaq MarketSite and the National Football League’s Carolina Panthers and Tennessee Titans.  Looking ahead, we are focused on a strong finish in 2021 and believe that we are well positioned for accelerated growth.” 

Results for the Third Quarter of 2021

Total revenue for the third quarter of 2021 was $8.4 million, an increase of 473% compared to $1.5 million for the third quarter of 2020. Total Contract Value (“TCV”) of orders booked for the third quarter of 2021 was $16.9 million, an increase of 365% compared to $3.6 million in the third quarter of 2020. GAAP net income for the third quarter of 2021 was $23.2 million, or $0.15 per diluted share, compared to a GAAP net loss of $6.3 million, or $0.70 per basic and diluted share, for the third quarter of 2020.

Results for the First Nine Months of 2021

Total revenue for the first nine months of 2021 was $16.8 million, an increase of 513% compared to $2.8 million for the first nine months of 2020. TCV of orders booked for the first nine months of 2021 was $36.0 million, an increase of 280% compared to $9.5 million in the first nine months of 2020. GAAP net loss for the first nine months of 2021 was $13.4 million, or $0.28 per basic and diluted share, compared to a GAAP net loss of $18.0 million, or $2.00 per basic and diluted share, for the first nine months of 2020.

Company Raises Outlook for 2021

The Company today raised its business outlook for 2021. The Company’s outlook is based on the current indications for its business, which may change at any time.

Company to Host Live Conference Call and Webcast

The Company’s management team plans to host a live conference call and webcast at 4:30 p.m. Eastern Time today to discuss the financial results as well as management’s outlook for the business and other matters. The conference call may be accessed in the United States by dialing +1.844.867.6169 and using access code 1400696. The conference call may be accessed outside of the United States by dialing +1.409.207.6975 and using access code 1400696. The conference call will be simultaneously webcast on the Company’s investor relations website, which can be accessed at http://ir.evolvtechnology.com. A replay of the conference call will be available for a period of 30 days by dialing 1.866.207.1041 or +1.402.970.0847 and using access code 3758262 or by accessing the webcast replay on the Company’s investor relations website at http://ir.evolvtechnology.com. The Company has used, and intends to continue to use, the investor relations portion of its website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) is the global leader in weapons detection security screening. Our mission is enabling a better experience and better security for venues, creating a safer world to work, learn, and play by transforming physical security to make everywhere safer. This enhances the visitor experience and improves weapons detection. We give sports fans, theme park visitors, concertgoers, shoppers, employees, students, and others peace of mind so that they can gather without fear of violence. Our security system, delivered as a SaaS-based offering, has scanned more than 100 million people, second only to the Department of Homeland Security’s Transportation Security Administration in the United States, and our technology combines powerful, advanced sensors with proven artificial intelligence (AI), security ecosystem integrations, and comprehensive venue analytics to reliably detect threats 10 times faster than traditional metal detectors.  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

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. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “should,” “could,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or the negative of these terms 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 expectations regarding Evolv’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, and Evolv’s ability to invest in growth initiatives and pursue acquisition opportunities; the risk that the consummation of the business combination with NewHold Investment Corp. (the “Business Combination”) disrupts Evolv’s current plans;  the ability to recognize the anticipated benefits of the Business Combination; unexpected costs related to the Business Combination; limited liquidity and trading of our securities; geopolitical risk and changes in applicable laws or regulations; the possibility that we may be adversely affected by other economic, business, and/or competitive factors; operational risk; risk that the COVID-19 pandemic, including variants, vaccine roll-out efforts, and local, state, and federal responses to addressing the pandemic may have an adverse effect on our business operations, as well as our financial condition and results of operations; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on our resources; our ability to successfully deploy the proceeds from the Business Combination; and the risk factors set forth under the caption “Risk Factors” in our prospectus, filed with the Securities and Exchange Commission (the “SEC”) on September 3, 2021, and in our other documents filed with or furnished to 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.

 

Butler University Partners with Evolv Technology to Improve the Arts Experience from Entry to Ovation

With Evolv Express®, the Clowes Memorial Hall has eliminated 30-minute queues and improved security

 Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced a partnership with Butler University. The NCAA Division I school has chosen Evolv’s state-of-the-art Evolv Express® screening solution to secure the entrance to Clowes Memorial Hall, the anchor of the Butler Arts & Events Center and improve the experience for patrons attending events.

With 2,148 seats and a history of presenting artists dating back to 1963, Clowes Memorial Hall is once again welcoming patrons back for performances that range from comedies to musicals. Reopening with a more enjoyable experience from entry to ovation was top of mind for Aaron Hurt, executive director of the Butler Arts and Events Center.

“Clowes is about bringing art and culture to central Indiana and helping people celebrate a sense of community,” says Aaron Hurt, executive director of the Butler Arts and Events Center. “Evolv allows us to focus on that, rather than worrying about how long it takes to get into the building. Since installing the Evolv system, our patrons are inside and enjoying the theater, concessions and being together – in no time at all. The experience from before Evolv to now is night and day.”

Clowes welcomed its first show back since COVID-19 in September. Prior to re-opening, the University made several updates to the building, focused on improving the Center’s patron experience and addressed security concerns. By installing Evolv Express, the lobby size increased by 15 feet, allowing patrons to enjoy theatre amenities after passing through security without invasive bag checks and pat downs.

“At Evolv, we strive to enable a safer environment without sacrificing visitor experience,” said Peter George, CEO of Evolv Technology. “We are thrilled that our technology is enabling Butler University’s Clowes Memorial Hall to welcome patrons back safely, with a much more pleasant experience from entry to ovation.”

Clowes Memorial Hall is back to full capacity with a full slate of shows, including music, dance, comedy, and more. In a typical year, more than 300,000 people (about half the population of Wyoming) attend events at the center, including students and teachers attending educational matinee performances.

George continued: “The university, along with so many other venues and facilities, is turning to Evolv to facilitate the seamless flow of guests and patrons as they reopen. Once they realize they can deliver a safe and enjoyable experience, it’s a game changer for both security personnel and patrons.”

About Butler University

Butler University is a nationally recognized comprehensive university encompassing six colleges: Arts, Business, Communication, Education, Liberal Arts & Sciences, and Pharmacy & Health Sciences. Approximately 4,500 undergraduate and 1,000 graduate students are enrolled at Butler, representing 46 states and 22 countries. More than 75 percent of Butler students will participate in some form of internship, and Butler students have had significant success after graduation, as demonstrated by the University’s 97 percent placement rate within one year of graduation. The University was recently listed as the No. 1 regional university in the Midwest, according to the U.S. News & World Report Best Colleges Rankings, in addition to being included in The Princeton Review’s annual “best colleges” guidebook.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) is the leader in weapons detection for security screening, securing the world’s most iconic venues and companies. Its mission is enabling a better experience and better security for venues, creating a safer world to work, learn, and play by transforming physical security to make everywhere safer. It gives sports fans, theme park visitors, concertgoers, shoppers, employees, students, and others peace of mind so that they can gather without fear of violence. Its security screening has scanned more than 100 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States, and its technology combines powerful, advanced sensors with proven artificial intelligence (AI), security ecosystem integrations, and comprehensive venue analytics to reliably detect threats 10 times faster than traditional metal detectors.

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  

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 proxy statement/prospectus, filed with the Securities and Exchange Commission on June 28, 2021, and other documents filed with or furnished to 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. 

Pittsburgh Cultural Trust Modernizes City’s Theaters with Evolv Express

During the COVID-19 pandemic, mass shootings in the United States increased. In fact, shootings doubled in July 2020. And for the entire 2020, gun violence and gun crime led to the highest death toll in over 20 years with more than 19,000 people killed, according to the Gun Violence Archive

As COVID-19 slowly moves into an endemic state and we get more comfortable going out, we’re also more acutely aware of the potential for an active shooter to be present. Before the start of an event or performance, our ability to spot the venue’s exit signs has become second nature.  

Meanwhile, in the event community, the downtime during the pandemic prompted many theater owners to reconsider how they would manage the safety screening process when patrons returned. The Pittsburgh Cultural Trust is among them. A nonprofit arts organization, the Trust promotes economic and cultural development in downtown Pittsburgh. 

When its event venues were closed due to the pandemic, the security team at the Pittsburgh Cultural Trust used the time to assess the screening process throughout its various properties, which span the city’s 14-block entertainment district. Prior to COVID-19, they welcomed more than two million people at over 1500 events annually. 

The security team decided it was time to address their time-consuming, labor-intensive screening process that consisted of magnetometers and wands. Specifically, while long queues and tables for checking bags reflect today’s safety protocols for entering public places, they interrupt the magical experience of going to the theater. Not to mention the impact the entire safety screening process has on staff, requiring them to spend more time on alert and less time greeting patrons. (The delays can also affect profit from the theater’s concession stands.) 

Based on their analysis, the security staff at the Pittsburgh Cultural Trust realized that its processes were not designed for the future safety and comfort of guests. That future is one that requires advanced weapons detection and screenings – without compromising the patron experience. Further, they realized that safety screenings are not just about the process of screening patrons. When you add data and artificial intelligence to the process, you get a more comprehensive security picture for an entire venue. For example, integrating data from foot traffic and scans can provide insights that inform threat category analysis, alarm statistics, and visitor arrival curves. This data helps security better manage and mitigate  all potential threats before patrons arrive. 

After evaluating Evolv technology, Pittsburgh Cultural Trust selected the Evolv Express Single-lane and Dual-lane Systems, along with Evolv Cortex AI and Evolv Insights for both employee and guest screening. Now, entering one of their theaters is fast, easy and safe. Guests move quickly through the kiosks (no more waiting outside in the rain!), while staff spend more time moving the flow of foot traffic, creating great customer experiences, and taking care of other non-security related tasks. In the future, The Pittsburgh Cultural Trust will integrate the Evolv Express systems into its security operations center for a comprehensive view into physical and cyber security threats. 

Pittsburgh theater goers now have even greater confidence in the safety measures that have been put in place as they return to the venues.  

To learn more about The Pittsburgh Cultural Trust’s strategy behind the reopening of its theaters, read the full case study.  

I’m a CFO with decades of experience scaling complex, global financial teams. Here’s why I joined Evolv.

I have spent my career helping companies grow their business from a financial perspective, and for the last decade I have built world-class finance teams, scaled complex business operations, and executed strategic transactions. And today, I could not be more excited to be joining Evolv Technology as Chief Financial Officer.  

As a lifelong sports fan (go Patriots!) and a former U.S. Olympic Development & NCAA Division I soccer player, I’m also very aware of the significant role that live sports and public spaces play in our culture. For my entire adult life, I’ve had to empty my pockets or open my bag more times than I can count to get in to watch some of my favorite sporting events.  

Even more frustrating, sometimes these long and cumbersome lines would cause me and my family to miss the beginning of the game or create anxiety as we waited to enter – far from the ideal experience you want as you are about to start enjoying a game. 

I also serve on the board of directors of Project GOAL, an organization that uses the power of soccer to help youth in underprivileged communities achieve economic success. Having a front row seat to witness the way that sports can have a positive impact on youth and enable them to succeed in the world has been one of the highlights of my career. 

That is what was so attractive to me about the opportunity to join Evolv. Not only is the company doing well by being at the forefront of solving a problem that has affected the experience at one of my favorite pastimes (professional sports), but they are also doing good by helping to make everywhere a safer place to work, learn, and play. 

The company’s GiveEvolv initiative was also a compelling reason for me to join the company. Just as I have done with my work at Project GOAL, I look forward to helping the company ensure that all students – no matter where they go to school – can be safe from gun violence.  

With more venues, workplaces, and schools recognizing the duty they have to keep their patrons, employees, and students safe from violence, there could not be a more exciting time to join and help scale the business to make this technology accessible to everyone. The company has set a new and higher standard for what security screening should be, and I could not be more excited to roll up my sleeves and help to deliver on our mission to democratize security.

Evolv Technology Appoints Mario Ramos as Chief Financial Officer

Company Welcomes Experienced Fortune 5 Executive to Support Growth Plans

Evolv Technology (NASDAQ: EVLV), the global leader in weapons detection security screening, today announced the appointment of Mario Ramos to the position of Chief Financial Officer effective November 1, 2021.   Mr. Ramos will assume global responsibility for the Company’s accounting, finance, risk compliance, information technology and investor relations functions.

Mr. Ramos joins Evolv Technology from Edelman Financial Engines where he served as Executive Vice President, Chief Financial Officer and Chief Risk Officer. Edelman Financial Engines is the nation’s top independent financial planning and investment management firm serving over one million customers. Mr. Ramos will succeed Mr. Peter Faubert, who is transitioning to a new role and will serve as the Company’s Senior Vice President of Strategic Finance.

“We are delighted to welcome Mario to the management team,” said Mr. Peter George, Chief Executive Officer of Evolv Technology. “Mario brings over 20 years of executive experience building and leading high-growth companies. I believe Mario’s financial and strategic leadership will be instrumental in supporting the Company’s next stage of growth.”

“I’m excited to be joining Evolv Technology, the leader in weapons detection security screening,” said Mr. Ramos. “I look forward to leveraging my finance and operations experience to help Evolv execute its strategic plan and grow its leadership position in one the fastest growing markets across the technology industry.”

Prior to joining Edelman Financial Engines in 2019, Mr. Ramos served as Senior Vice President and Chief Financial Officer of CVS Caremark, the pharmacy benefits management subsidiary of CVS Health (NYSE: CVS). Before becoming Caremark’s Chief Financial Officer, Mr. Ramos was head of CVS’s M&A and Corporate Development group where, among other things, he led CVS’s acquisition and integration of Aetna. He has also served as Chief Operating Officer of CVS International and spent over 17 years in investment banking primarily at JP Morgan and Lehman Brothers. Mr. Ramos earned an MBA from The Mason School of Business at The College of William & Mary and a Bachelor’s Degree from The University of Richmond.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) is the global leader in weapons detection security screening. Our mission is enabling a better experience and better security for venues, creating a safer world to work, learn, and play by transforming physical security to make everywhere safer. This enhances the visitor experience and improves weapons detection. We give sports fans, theme park visitors, concertgoers, shoppers, employees, students, and others peace of mind so that they can gather without fear of violence. Our security system, delivered as a SaaS-based offering, has scanned more than 100 million people, second only to the Department of Homeland Security’s Transportation Security Administration in the United States, and our technology combines powerful, advanced sensors with proven artificial intelligence (AI), security ecosystem integrations, and comprehensive venue analytics to reliably detect threats 10 times faster than traditional metal detectors. 

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

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. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “should,” “could,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or the negative of these terms 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 expectations regarding Evolv’s strategies and future financial performance and other risk factors set forth under the caption “Risk Factors” in our proxy statement/prospectus, filed with the Securities and Exchange Commission (the “SEC”) on June 28, 2021, as updated by the risk factors disclosed in the section titled “Risk Factors” in our Form 8-K, filed with the SEC on July 22, 2021, and in our other documents filed with or furnished to 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.

 

 

Evolv Technology Partnership Enables Tennessee Titans to Provide a More Seamless, Enjoyable and Safe Fan Experience

Fans Arriving at Nissan Stadium Walk Through Evolv Express® Screening Systems, No Longer Having to Remove Items from Bags or Pockets 

Evolv Technology (NASDAQ: EVLV), the leader in weapons detection security screening, today announced a partnership with the Tennessee Titans to provide a more enjoyable, frictionless, and safe experience for fans. The National Football League (NFL) team is using the company’s AI-based weapons detection screening system, Evolv Express®, to screen fans as they arrive at the stadium for games and events, without requiring them to stop or remove items from their pockets or policy-compliant bags.

The Tennessee Titans welcomed fans back to Nissan Stadium at full capacity this September, with safety, security, and premier experience a top priority for the team. 

“Gate entry is our first opportunity to impact the fan experience at Nissan Stadium – it sets the tone for the remainder of the visit,” said David Haywood, the guest safety director for the Tennessee Titans. “For us, it was vitally important to find a way to allow for fast, convenient entry while prioritizing safety and security. When we sat down as a team and reviewed Evolv’s systems and the experience they have enabled at stadiums and venues across the country, we knew they would be a great partner for us, and we’ve seen marked improvements in our entry process since.”

Evolv Express® uses powerful sensor technology with proven artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volumes and speed of entry. Earlier this month, the introduction of Evolv Insights™ 1.3 ushered in a new chapter of Evolv’s quest to expedite its customers’ venues digital transformation and post Covid-19 fan requirements.  An industry first, security staff can use historical screening data to make predictions about throughput with the goal of improving the fan experience while making the stadium more secure.

Prior to installing Evolv, walk-through magnetometers and hand-held wands required 280 security personnel to work the gates.  Since implementing Evolv Express, the team has reduced the number of security personnel needed at the gates by 66%, freeing them up to provide critical security monitoring outside – and throughout – the stadium. The speed of entry is equally impressive.

“Organizations like the Tennessee Titans are recognizing that fans should not have to sacrifice experience for safety,” said Peter George, CEO, Evolv Technology. “Finally, NFL fans are able to gather back together after a year of capacity limitations, isolation and health concerns – and they should be able to enjoy doing so safely, from the moment they arrive at the stadium until the clock ticks down.”

Evolv’s innovative security screening technology has been used to enhance safety at a number of major sporting events in 2021, including the U.S. Open Golf Championship, and it is part of the state-of-the-art fan experience at Lower.com Field, the brand-new home of the Columbus Crew in Major League Soccer.

In addition to the Tennessee Titans, Nissan Stadium is home to Tennessee State University football, college football’s Music City Bowl, MLS’ Nashville Soccer Club and hosts major concerts and other sporting events, including the WWE Summer Slam in July 2022.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) is a leader in weapons detection for security screening, securing the world’s most iconic venues and companies. Its mission is enabling a better experience and better security for venues, creating a safer world to work, learn, and play by transforming physical security to make everywhere safer. It gives sports fans, theme park visitors, concertgoers, shoppers, employees, students, and others peace of mind so that they can gather without fear of violence. Its security screening has scanned more than 100 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States, and its technology combines powerful, advanced sensors with proven artificial intelligence (AI), security ecosystem integrations, and comprehensive venue analytics to reliably detect threats 10 times faster than traditional metal detectors.

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  

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 proxy statement/prospectus, filed with the Securities and Exchange Commission on June 28, 2021, and other documents filed with or furnished to 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. 

Pittsburgh Cultural Trust Creates a Secure Digital Threshold That Bolsters Guest Experience with Evolv Express® Systems

With approximately two million guests visiting its various properties in a 14-block entertainment district, the board of trustees for the Pittsburgh Cultural Trust commissioned its executive team to assess security screening across its various properties after the Paris bombings. After doing a deep analysis of security technology on the market, their CSO – along with other members of his team – evaluated several different security screening solutions before choosing Evolv Technology to secure their venues. By enabling Evolv Express, PCT was able to achieve the following:  

  • Maintain rigorous weapon detection standards
  • Eliminate screening queues that force guests to wait outside venues in inclement weather
  • Optimize security and customer experience staff utilization

Case Study Video

Watch how the Pittsburgh Cultural Trust increases their visitor experience with Evolv Express®

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Read the case study to learn how you can start your journey to a more secure and guest-friendly security screening solution today.

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Georgia Aquarium Transforms Guest Experience While Improving Security with Evolv Technology

At the Georgia Aquarium, the guest experience was detrimentally impacted by the manual and outdated magnetometer security systems that welcomed more than 2.5 million guests a year. With tons of guest feedback expressing their frustration with security queues, the aquarium implemented Evolv Express, which enabled them to achieve the following:  

  • Improve guest experience scores from 4.0 to 4.6 (scale of 5)
  • Shrink security system lobby footprint by 50% 
  • Optimize operations and marketing programs with guest tracking
  • Reduce security staff attrition – saving time and budget for training and onboarding
  • Reallocate 50% of security staff to other areas in the aquarium

Case Study Video

Watch how Georgia Aquarium transforms guest experience while improving security with Evolv Technology

Read the case study to learn how you can start your journey to a more secure and guest-friendly security screening solution today.

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View more of our case studies on our resources page here.

Georgia Aquarium Improves Security and Transforms Guest Experience with Evolv Technology

Georgia Aquarium has partnered with Evolv Technology (NASDAQ: EVLV), a  leader in weapons detection screening, to improve weapons detection and the overall guest experience by using Evolv Express®, Evolv’s award-winning screening solution, at the largest aquarium in the United States. As a result of the partnership, the Aquarium has seen a 15% increase in guest experience scores, while shrinking the security system lobby footprint by 50% and reallocating half of security staff to areas other than the entrance.

“The health and safety of our guests and employees has always been our top priority and using Evolv Express at our entrances has allowed us to significantly enhance the overall guest experience at the Aquarium without compromising on or sacrificing security,” said Anthony Rivera, senior vice president of hospitality and operations at Georgia Aquarium.

Evolv Express leverages Evolv Cortex AI, its best-in-class artificial intelligence (AI) weapons detection algorithms to instantly detect and identify a person carrying a weapon without slowing the flow of visitors carrying their personal items, improving security at the speed and scale required to stay ahead of today’s threats. This reduces unsafe crowding, lowers the risk for human error, and removes the tradeoff between keeping a venue safe and providing a good experience for visitors.

Evolv’s systems have been used to screen more than 100 million people in the U.S., second only to the Department of Homeland Security’s Transportation Security Administration (TSA). Evolv Express is 10 times faster than traditional metal detectors, resulting in screening an unparalleled 3,600 people per hour, per system. The world’s most iconic venues and companies place their trust in Evolv to protect their employees and visitors, including Uber, Lincoln Center, L.L. Bean, Six Flags, and hundreds of others. 

“As venues like Georgia Aquarium begin to welcome their visitors back, it’s critical that the guest experience also adapts to the touchless, frictionless systems we have come to expect during the pandemic,” said Peter George, CEO at Evolv. “We are delighted to be partnering with Georgia Aquarium as part of our mission to transform security to enhance everyone’s life.”

The screening system is currently in place at each guest entrance of the Aquarium. Guests will not have to stop, empty their pockets, or have their bags checked unless directed by security.                                         

About Georgia Aquarium

Georgia Aquarium is a leading 501(c)(3) non-profit organization located in Atlanta, Ga. that is Certified Humane by the American Humane Association and accredited by the Alliance of Marine Mammal Parks and Aquariums and the Association of Zoos and Aquariums. Georgia Aquarium is committed to working on behalf of all marine life through education, preservation, exceptional animal care, and research across the globe. Georgia Aquarium continues its mission each day to inspire, educate, and entertain its millions of guests about the aquatic biodiversity throughout the world through its hundreds of exhibits and tens of thousands of animals across its seven major galleries. For more information, visit www.georgiaaquarium.org.

About Evolv Technology 

Evolv Technology (NASDAQ: EVLV) is a leader in weapons detection for security screening, securing the world’s most iconic venues and companies. Its mission is enabling a better experience and better security for venues, creating a safer world to work, learn, and play by transforming physical security to make everywhere safer. It gives sports fans, theme park visitors, concertgoers, shoppers, employees, students, and others peace of mind so that they can gather without fear of violence. Its security screening has scanned more than 100 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States, and its technology combines powerful, advanced sensors with proven artificial intelligence (AI), security ecosystem integrations, and comprehensive venue analytics to reliably detect threats 10 times faster than traditional metal detectors. 

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 our website.  

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. All statements other than statements of historical facts contained in this press release, including statements regarding the potential of the Evolv Express® security system are forward-looking statements. These statements 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.  In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “should,” “could,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or the negative of these terms 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 under the caption “Risk Factors” in our proxy statement/prospectus, filed with the Securities and Exchange Commission (the “SEC”) on June 28, 2021, as updated by the risk factors disclosed in the section titled “Risk Factors” in our Form 8-K, filed with the SEC on July 22, 2021, and in our other documents filed with or furnished to 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.