This distinction qualifies Evolv Technology to
receive the SAFETY Act’s benefits for selected Anti-Terrorism
Technologies
Evolv Technology (NASDAQ: EVLV, “Evolv”), the global leader in
weapons detection security screening, today announced that Evolv
Express®, its artificial intelligence (AI)-based weapons detection
system, has been awarded the U.S. Department of Homeland Security
(DHS) SAFETY Act Designation as a Qualified Anti-Terrorism
Technology (QATT).
Technologies that are awarded the SAFETY Act Designation have
undergone rigorous use and review to meet and/or exceed the DHS’
performance standards that include examination of test results for
weapons detection, operational use and effectiveness, manufacturing
and quality assurance practices, and customer feedback.
The Support Anti-Terrorism by Fostering Effective Technologies
Act (SAFETY Act) was introduced by Congress in 2002 to incentivize
the creation of technologies to combat terrorism in the wake of
9/11. The SAFETY Act is intended to ensure that the threat of
liability caused by a terrorist event does not deter manufacturers
or sellers of effective anti-terrorism technologies from
developing, commercializing and deploying technologies that could
potentially save lives. The Acting Under Secretary for Science and
Technology is the deciding official for current SAFETY Act
applications.
This Designation demonstrates Evolv’s belief that the security
industry demands a new standard for security screening that can
adequately address threats to crowds where people gather without
impacting their experience. The pinpointed accuracy of threats
detected, insightful analytics that help improve security
operations, and the continual improvements through machine learning
are features that set Evolv apart from existing standards. Evolv
Express is the only high-throughput weapons detection screening
system to achieve SAFETY Act Designation.
“Visitors today demand a free-flowing contactless experience,
but for decades the industry has developed technology to meet
outdated detection standards without any regard for these new
demands,” said Mike Ellenbogen, founder and head of advanced
technology, Evolv Technology. “I’m proud of the way our team has
recognized the need for and established technology to address the
evolving threat landscape, in a way that satisfies the demands
placed on all locations where people gather. We no longer need to
sacrifice safety for experience.”
“We’re honored to receive the SAFETY Act Designation which we
believe further supports the effectiveness of our technology, and
ultimately, our ability to help keep people safe,” said Peter
George, Evolv Technology President and CEO. “Not only does the
DHS’s SAFETY Act Designation further validate our AI-based
technology to the physical security market, but we believe it will
also provide our customers and their visitors with increased
assurance that Evolv helps to provide the safest possible venue
entry, without the traditional metal detector experience.”
Screening 3,600 people per hour – 10 times faster than metal
detectors – Evolv Express combines powerful sensor technology with
proven AI, security ecosystem integrations, and comprehensive venue
analytics to provide safer, more accurate threat detection at an
unprecedented speed and volume. To learn more about Express, please
visit: https://www.evolvtechnology.com/products/evolv-express.
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 200 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 prospectus, filed
with the Securities and Exchange Commission on September 3, 2021,
and other documents filed with or furnished to the SEC, including
our Annual Report on Form 10-K for the year ended December 31, 2021
that we filed with the SEC on March 28, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220331005407/en/
Media: Fitzgerald Barth fbarth@evolvtechnology.com
Investor Contact: Brian Norris
bnorris@evolvtechnology.com
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