Latest news with #EvolvExpress
Business Mayor
09-05-2025
- Business
- Business Mayor
Rahway schools deploy Evolv AI security tech
Rahway Public Schools in New Jersey, USA has implemented Evolv Technology's AI-powered screening systems to enhance on-site security across its facilities. The district has deployed Evolv Express and Evolv eXpedite at gymnasium and performing arts entrances to support real-time threat detection without requiring students to remove items from their bags during entry. Evolv Technologies, which supplies the systems, focuses on security screening using artificial intelligence and data analytics. The company's tools are used in schools, healthcare, and public venues. The eXpedite platform, introduced in late 2024, works in conjunction with Evolv Express to help automate screening procedures while minimizing disruption at school entry points. Rahway is the first district in New Jersey to implement the combined Evolv setup. Administrators say the decision was based on balancing detection capabilities with the need to maintain a smooth and welcoming entry process. Dr. Shoieb, Superintendent of Rahway Public Schools, says: 'Our top priority is the safety and well-being of our staff, students, and families. With Evolv, we are able to screen students efficiently without compromising their sense of security or disrupting their day. We're proud to be the first school district in New Jersey to implement the eXpedite solution in combination with Express to help detect threats without putting an excess burden on our staff.' Dean Marcantonio, Director of Safety and Security for the district, adds: 'The integration of Evolv's systems is a game-changer for how we think about securing our schools.' The company has continued to expand its footprint in the K–12 sector as part of a broader push into public institutions. Evolv says the tools are designed to streamline entrance operations while supporting safer school environments. John Kedzierski, President and Chief Executive Officer of Evolv Technology, says: 'We are honored to support Rahway Public Schools in their commitment to student safety. Since Evolv eXpedite's launch in September 2024, we have seen momentum among customers who have begun to add the system into their layered safety plan. Rahway is setting the standard for how schools can use innovative technology to provide an efficient and welcoming environment for learning.'
Yahoo
01-04-2025
- Science
- Yahoo
Volusia County Schools begins pilot program of new weapon detection system
School officials in Volusia County are launching a pilot program that uses a new weapons detection system. It's called 'Evolv Express.' The system uses AI-driven sensors to detect weapons while allowing for a smooth entry process for the students. The program is set to begin Tuesday at Atlantic High School. Volusia County is the first district in the state to implement this advanced screening technology. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Yahoo
31-03-2025
- Business
- Yahoo
Evolv Technology Announces that 92% of Customers1 Eligible to End Contracts Elect to Stay with Evolv
FTC-Related Cancellation Period Closes as Value of Evolv Express to Education Customers Remains Strong ARR2 and Unit Impact of Cancellation Program Minimal, Currently Estimated at $445 thousand and 24 Units, respectively Evolv Remains Committed to Innovation, Integrity and Customer Trust WALTHAM, Mass., March 31, 2025--(BUSINESS WIRE)--Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) (the "Company"), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced the expiration of the previously disclosed 60-day cancellation period, under which a limited number of the Company's K-12 education customers could cancel the remainder of their subscription contracts with the Company as part of Evolv's resolution with the United States Federal Trade Commission (FTC). Of the 65 education customers (representing 237 Evolv Express units) who were eligible for contract cancellation, a total of 60 customers (92%) representing 213 Evolv Express units (90%) elected to retain their contracts with Evolv. Importantly, four of the 65 eligible customers expanded their use of Evolv Express by adding a total of 10 additional units acquired since the Company announced its resolution with the FTC. Netting the expansion and cancellation activity since the Company announced its resolution with the FTC, the Company achieved 92% Net Revenue Retention3 and 94% Net Unit Retention3 across the 65 eligible customers. Wyoming Valley West School District, who was part of the cohort of customers eligible for cancellation, recently increased its fleet of Express due to their satisfaction with the system's performance. "We first deployed the Evolv Express systems in 2022 in our schools after evaluating different options and continuing to come back to the fact that Evolv performed at a superior level across the board," said Anthony Dicton, Safety and Security Coordinator at Wyoming Valley West School District. "That initial evaluation has proven to be more than accurate as Evolv has been an important part of our safety planning and we couldn't be more pleased with the partnership. We just expanded our Express systems by 50% because we have been so impressed by the results." The Company received cancellation requests from five out of the 65 eligible customers. These customers represented a total of 24 Evolv Express units, currently estimated at approximately $445 thousand dollars of annual recurring revenue (ARR). Each of these customers has requested to maintain their existing deployment through the end of the 2024-2025 school year. The customers were notified of their eligibility to cancel existing contracts in connection with the previously announced resolution entered into last year with the FTC. "We appreciate our customers' continued commitment to the Evolv system and take seriously the responsibility of being a trusted partner in helping to make schools and communities safer," said John Kedzierski, President and Chief Executive Officer of Evolv Technology. "Our top priority remains the safety of people and the communities we serve." About Evolv TechnologyEvolv Technologies Holdings, Inc. (NASDAQ: EVLV) is designed to transform human security using artificial intelligence (AI)-powered screening and analytics to help create safer experiences for the world's most iconic venues and companies as well as schools, hospitals, and public spaces. Its mission is to transform security to create a safer world to live, work, learn, and play. Evolv has digitally transformed the gateways in many places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv's advanced weapons detection systems have scanned more than two billion people since 2019. Evolv has been recognized by the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT), included in the TSA Surface Transportation Security Technology Catalogue and awarded the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category as well as Sport Business Journal's "Best In Fan Experience Technology" and "Best In Sports Technology". Evolv has also been recognized as one of the "Best Places to Work" by Built In Boston. Evolv®, Evolv Express®, Evolv Insights®, Evolv Visual Gun Detection™, Evolv eXpedite™, and Evolv Eva™ are registered trademarks or trademarks of Evolv Technologies Holdings, Inc. in the United States and other jurisdictions. For more information, visit 1 "Customer(s)" means school(s) or school district(s) in the K-12 range that purchased or otherwise contracted for the use of Evolv Express between the period April 1, 2022, to June 30, 2023. Excluded from this definition is any school or school district that: (1) participated in a pilot program of at least 30 days prior to such purchase or contract; (2) purchased 15 or more Evolv Express units; or (3) purchased or contracted for, and deployed, additional Evolv Express units more than 45 days after initially deploying Evolv Express at a school. 2 We define Annual Recurring Revenue, or ARR, as subscription revenue and the recurring service revenue related to purchase subscriptions for the final month of the quarter normalized to a one-year period. Our calculation of ARR is not adjusted for the impact of any known or projected future events (such as customer cancellations, upgrades or downgrades, or price increases or decreases) that may cause any such contract not to be renewed on its existing terms. In addition, the amount of actual revenue that we recognize over any 12-month period is likely to differ from ARR at the beginning of that period, sometimes significantly. This may occur due to new bookings, cancellations, upgrades, downgrades or other changes in pending renewals, as well as the effects of professional services revenue and acquisitions or divestitures. As a result, ARR should be viewed independently of, and not as a substitute for or forecast of, revenue and deferred revenue. Our calculation of ARR may differ from similarly titled metrics presented by other companies. 3 Net Revenue Retention is calculated by taking the total annual recurring revenue, including expansions, subtracting churned annual recurring revenue, and dividing the result by the starting annual recurring revenue. Net Unit Retention is calculated by taking the total number of units, including expansions, minus churned units, divided by the starting unit count. Forward-looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements made in the quotes from the President and Chief Executive Officer and statements regarding the estimated impact of the cancellation program. Forward-looking statements are based on current estimates, assumptions and beliefs and are subject to known and unknown risks and uncertainties, many of which are beyond our control, that may cause actual results to vary materially from those indicated by such forward-looking statements. Such risks and uncertainties include, but are not limited to: unknown costs or financial impacts related to the cancellation of the contracts, including, but not limited to, shipping and logistics costs, potential refunds, and tax implications, and the factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024, as any such factors may be updated from time to time in our other filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as well as risks related to our leadership transition. The forward-looking statements in this press release are based upon information available to us as of the date hereof, and while we believe such information forms a reasonable basis for such statements, it may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise. View source version on Contacts Media Contact:Alexandra Smith Ozerkisaozerkis@ Investor Contact:Brian Norrisbnorris@ Sign in to access your portfolio
Yahoo
30-03-2025
- Science
- Yahoo
Volusia County High School is launching a pilot of the Evolv weapon detection system
Atlantic High School will be the first district in Florida to implement this advanced security screening technology on Tuesday. Implementation of Evolv services such as the Evolv Express and eXpedite systems enhances student and staff safety by using AI-driven sensors to detect weapons while allowing for a smooth and efficient entry process. Atlantic High School is located at 1250 Reed Canal Rd in Port Orange. The cutting-edge system is another layer of protection to keep all students and staff secure. Volusia County Schools released the following details ahead of the new changes. Details include: All students entering campus will pass through the Evolv Weapon Detection System. Students will place bookbags and other items on the scanner while walking through with their cellphones in hand. The system processes up to 2,000 individuals per hour. If an alert is triggered, staff will conduct a secondary screening based on system guidance. Volusia County Schools - Danielle Johnson Community Information Services The Evolv pilot program, which will begin April 1st at Atlantic High School, will serve as a model for the full implementation of Evolv across all VCS high schools in the 2025-26 school year. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Yahoo
25-02-2025
- Business
- Yahoo
Evolv Announces Official Partnership with Sports Illustrated Stadium and New York Red Bulls
Evolv Express® to be deployed at all main gates for improved entry process into the Harrison, NJ-based sports and entertainment venue WALTHAM, Mass., February 25, 2025--(BUSINESS WIRE)--Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that it recently entered a business partnership with Sports Illustrated Stadium, home of Major League Soccer's New York Red Bulls. The partnership, through which Evolv has been designated as the Stadium's "Official Fan Screening Partner," will include deployment of Evolv Express® systems at the Stadium's main entrances. In addition to fan screening, Express will also be used at staff and talent entries. Through the partnership, Evolv will also work with the New York Red Bulls on community activations. "With a continuous focus on the Fan Experience, we're pleased to upgrade the arrival experience at Sports Illustrated Stadium with Evolv Express," said Shaun Oliver, Vice President of Operations at Sports Illustrated Stadium. "Having seen this technology in wide use across MLS venues (and elsewhere in the New York market), we're confident that our fans will appreciate a convenient entry process." "It's gratifying to continue to grow our presence in Major League Soccer," noted John Baier, Evolv's Vice President of Sports and Entertainment. "MLS matches have an electrifying atmosphere that only get better when the journey from 'street to seat' is as smooth as possible." The Express units will be first commissioned for the New York Red Bulls' 2025 season home opener on March 1. The deployment at Sports Illustrated Stadium is Evolv's twelfth in Major League Soccer, joining Dignity Health Sports Park (Carson, CA), Field (Columbus, OH), Mercedes-Benz Stadium (Atlanta, GA), Toyota Stadium (Frisco, TX), and others. Major League Soccer set an attendance record in 2024 and is the second-most attended soccer league in the world, trailing only the English Premier League. Evolv performs entry screening for five of the top-six teams in attendance (and eight of the top-16), and in total screened more than two million MLS fans in 2024. Sports Illustrated Stadium also joins many other high-profile venues on Evolv's customer list in the New York metro area. Lincoln Center, the hub of the performing arts in New York City, was one of the earliest adopters of Express. Evolv Express is also a Fan Screening Provider of the New York Mets at Citi Field in Queens as well as hospitals, museums, places of worship and other venues around New York. About the New York Red Bulls The New York Red Bulls are one of 30 teams in Major League Soccer (MLS). RBNY, one of the ten charter clubs of MLS, have competed in the league since its founding in 1996. The Red Bulls play home matches at Sports Illustrated Stadium in Harrison, New Jersey. The three-time MLS Supporters' Shield Winners are owned by the Austrian beverage company Red Bull for which the team is named. The New York Red Bulls offer one of the nation's premier youth soccer development programs, from local soccer partnerships across New York and New Jersey to Regional Development Schools and the Red Bulls Academy teams. About Evolv Technology Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) is designed to transform human security using artificial intelligence (AI)-powered screening and analytics to help create safer experiences for the world's most iconic venues and companies as well as schools, hospitals, and public spaces. Its mission is to transform security to create a safer world to live, work, learn, and play. Evolv has digitally transformed the gateways in many places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv's advanced weapons detection systems have scanned more than two billion people since 2019. Evolv has been recognized by the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT), included in the TSA Surface Transportation Security Technology Catalogue and awarded the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category as well as Sport Business Journal's "Best In Fan Experience Technology" and "Best In Sports Technology". Evolv has also been recognized as one of the "Best Places to Work" by Built In Boston. Evolv®, Evolv Express®, Evolv Insights®, Evolv Visual Gun Detection™, Evolv eXpedite™, and Evolv Eva™ are registered trademarks or trademarks of Evolv Technologies Holdings, Inc. in the United States and other jurisdictions. For more information, visit Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements made in the quotes from directors and statements regarding the Company's execution of its strategy, financial and operational performance and growth and creating value for stakeholders. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results and actions to be materially different from any future results or actions expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024, as any such factors may be updated from time to time in our other filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, as well as risks related to our leadership transition. The forward-looking statements in this press release are based upon information available to us as of the date hereof, and while we believe such information forms a reasonable basis for such statements, it may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise. View source version on Contacts Evolv Media Contact: Alexandra Smith Ozerkisaozerkis@ Evolv Investor Contact: Brian Norrisbnorris@ Sign in to access your portfolio
