Former Tesla Product Leader Parag Vaish Tapped to Drive Digital Transformation at Evolv Technology
02 Maio 2023 - 10:12AM
Business Wire
Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons
detection security screening, is pleased to announce the addition
of Parag Vaish to the company’s executive team as chief digital
product officer. Vaish brings an extensive background in
technology, having led product innovation for Tesla, Microsoft,
Google, Walt Disney Company and StubHub.
In his role, Vaish will report directly to Evolv Technology CEO
Peter George to further drive Evolv’s leadership in the digital
transformation of the physical security industry. Working closely
with Evolv co-founder and chief innovation officer Mike Ellenbogen,
Vaish will be responsible for developing new digital capabilities
as products that will enhance the Evolv Express® screening system
by deriving value from the company’s SaaS platform, as well as
adding new, unique standalone capabilities to accelerate digital
product offerings for Evolv’s prospects and customers.
"We are pleased to welcome Parag to Evolv," said George. "We
believe Parag’s expertise identifying revolutionary digital
advances will be instrumental in helping us deliver more value to
customers from our digital sensor platform, Evolv Express. There
has never been a more important time for organizations and
enterprises to leverage the most contemporary technology to help
address the unprecedented epidemic of gun violence."
“As we approach Evolv’s 10-year anniversary, the epidemic of gun
violence has become even more pervasive than when we started the
company. We are constantly looking for new innovative ways to
create safer zones. Parag brings an impressive track record of
identifying value added digital solutions that we believe will
enable us to expand and augment the ways we can help make the world
safer in the places we live, work, learn and play,” said
Ellenbogen.
Evolv’s state-of-the-art Evolv Express screening solution uses
powerful sensor technology with artificial intelligence (AI) to
provide safer, more accurate threat detection at unprecedented
volume and speed. It instantly distinguishes between threats and
the everyday items, so people do not need to always empty pockets
and bags. Unlike traditional metal detectors or their upgraded
versions, the system allows integration from Evolv Express to
numerous security endpoints, such as video management systems
(VMS), video analytics, incident management systems and mass
notification systems, all used in a multi-layered security approach
intended to keep out adversaries and mitigate as much risk as
possible.
“There is an important opportunity to amplify the value Evolv’s
AI and machine learning is providing venues today for better safety
and experience,” said Vaish. “I have spent my career applying
digital innovations to enhance the way we interact with the world –
working with Tesla to synergize solar and vehicle through digital
products; during my time at Disney to digitally enhance guest
experiences; and at Google to build a comprehensive data product to
understand consumer trends on a geo-specific basis. It is
critically important that we can all move through life feeling
safe, with peace of mind. As a father, Evolv’s mission could not be
more important to me personally. I believe Evolv is uniquely
positioned to leverage its technology to help make the world a
safer place and I am compelled to help work to advance our
mission.”
Evolv Express weapons detection systems, which screen
approximately one million people per day, are currently deployed at
over 500 customer venues worldwide, including leading theme parks,
sports stadiums, arenas, performing arts centers, industrial
workplaces, hospitals, and schools.
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, and our ability to identify and implement
digital advances in our technology. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230502005520/en/
Media: Alexandra Smith Ozerkis
aozerkis@evolvtechnology.com
Investor: Brian Norris bnorris@evolvtechnology.com
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