Evolv Technology and Columbia Tech Announce Expanded Partnership
16 Maio 2023 - 08:00AM
Business Wire
– Columbia Tech Named Authorized Distributor of
Evolv Express® –
Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons
detection security screening, and Columbia Tech, a wholly-owned
subsidiary of Coghlin Companies Inc. and provider of world-class
capital equipment engineering and manufacturing services, today
announced that Columbia Tech has become an authorized distributor
of Evolv Express.
Under the terms of the expanded partnership, Evolv Technology
customers that prefer to purchase the hardware component of Evolv
Express can do so by placing an order with one of Evolv
Technology’s approved reseller partners which in turn will place a
hardware order for Evolv Express directly with Columbia Tech under
a separate reseller agreement. Concurrently, the approved reseller
partner will place a second order with Evolv Technology for a
long-term software subscription contract (generally four years)
which will power the newly purchased Evolv Express. The complete
order – the hardware element and the embedded AI-enabled software –
will be distributed by Columbia Tech.
“We are delighted to announce our expanded partnership with
Columbia Tech,” said Peter George, President and Chief Executive
Officer of Evolv Technology. “Columbia Tech has been our trusted
contract manufacturer for every one of the more than 3,000 Evolv
Express units that are now providing enhanced security to customers
across education, healthcare, professional sports, industrial
workplaces and tourist attractions. Today’s announcement is an
important expansion of our strong relationship and is designed to
make it even easier for our customers to procure and deploy Evolv
Express to improve their security posture, improve their visitors’
experience, and reduce security labor costs.”
“We are pleased to extend and deepen our relationship with Evolv
Technology,” said Chris Coghlin, President and Chief Executive
Officer of Coghlin Companies. “We have been working with Evolv
Technology for nearly seven years and have seen the company grow
from an idea to a critical part of any venue’s layered security
approach. We believe today’s announcement is an important
development for our customers, partners and employees. We are proud
to be part of Evolv Technology’s next stage of growth.”
Evolv Express uses powerful sensor technology with AI to provide
safer, more accurate threat detection at unprecedented volume and
speed. Visitors can now enter Evolv screened venues more seamlessly
than traditional solutions, reducing long lines and allowing guests
to make their way directly inside. The award-winning Evolv Express
systems are used by over 600 customers including many iconic venues
in the U.S., Europe and Mexico, such as the Lincoln Center for the
Performing Arts, Six Flags America, Dollywood, Hard Rock
International and London’s AO Arena.
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 600 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.
About Coghlin Companies Coghlin Companies and its wholly
owned subsidiaries, Columbia Tech and Cogmedix, are a fourth
generation, privately held time to market services company
providing world-class product development, manufacturing, global
fulfillment and aftermarket services to a diversified group of
capital equipment innovators in the medical, life sciences, energy,
security, robotics and automation, communications, semiconductor
and LED industries. For more information, visit
www.coghlincompanies.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 Company’s reliance on third party
contract manufacturing and distribution. 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/20230516005302/en/
Evolv Technology Brian Norris Senior Vice President of
Finance and Investor Relations +1.781.374.8082
bnorris@evolvtechnology.com
Columbia Tech Sarah Foley Director of Marketing
+1.508.713.4797 sarahfoley@coghlincompanies.com
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