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Evolv Gains on Selection as Screening Provider

Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening designed to create safer experiences, was honored to serve as a security screening provider for one of the world’s largest global sporting competitions that took place in Europe this summer alongside a multitude of other significant events. Evolv Express® systems were used as a layer of security to screen over five million people, including 10,000 competing athletes, fans and media who attended various events in venues across Europe from April through last week.

Evolv Express uses advanced sensor technology and AI to pinpoint and distinguish a wide variety of potential threats from many common everyday items, such as phones and keys. Evolv Express is designed to screen visitors effectively while helping minimize congestion and disruptions to traffic flow at entry points. When a threat is detected, the connected Evolv tablet displays an image of the individual who alerted and places a "Red Box" on the potential threat’s location(s).

Evolv partners with key security organizations around the world as one channel to deploy its technology. For the events this summer, Evolv partners HTDS, Aitecal, ARC Communications and 2CL Communications were instrumental in helping to successfully provide safer, more enjoyable experiences for millions of spectators.

EVLV shares picked up four cents, or 1.1%, to $3.64.