Market Overview

Evolv Edge Scans More Than 1 Million People, Protecting Against Current and Emerging Threats

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Evolv Accelerates Global Expansion and Adoption of AI-Powered
Physical Threat Detection

Evolv
Technology
today announced Evolv
Edge
TM, its physical threat detection and prevention
system powered by artificial intelligence, has scanned more than one
million people around the world at the pace of life. As adversaries
create a need for security to protect any event, transportation location
and venue that could be seen as a target, Evolv is focused on delivering
technology to proactively keep people and assets safe by detecting
threats before they happen.

Accelerated Company Growth

Since the company's founding in 2013, Evolv has expanded to 45 employees
and solidified several installations and engagements that have been
instrumental to informing the continued evolution of its products. Evolv
now has distributors operating the Evolv Edge in 14 countries across the
U.S., Europe, the Middle East and Asia, and the technology has been
tested at five different government labs.

"These are truly motivating and critical milestones for Evolv as we
fulfill a vision of a world where seamless security is possible
anywhere," said Mike Ellenbogen, CEO and co-founder of Evolv Technology.
"We can no longer wait for something to happen before we take action. We
need to implement modern technology solutions that allow us to take a
proactive approach to prevent the evolving threats facing today's
society, rather than reacting after the fact. Evolv Technology's vision
is to rethink physical security by providing smarter protection using
high speed threat sensors, combined with biometrics like facial
recognition and emerging technologies to screen more people, more
quickly and more securely."

Increasing Customer Adoption of Risk-Based Security

After completing pilots at 30 different customer locations in 2017,
Evolv is screening people every day at many different types of venues
globally including performing arts centers, stadiums, airports and
hospitals. Customer engagements include installations at Oakland
International Airport (OAK)
and The
Raymond F. Kravis Center for the Performing Arts
, along with
installations at a number of venues in New York City, the most targeted
city for terrorism outside of war zones.

The Evolv Edge uses sensors to detect a range of metallic and
non-metallic threats, while also integrating with facial recognition to
identify people of interest. For these use cases, Evolv Edge offers an
improved level of security screening balanced with a seamless visitor
experience. The technology also enables a risk-based approach, allowing
venue operators and security professionals to adjust the screening
sensitivity based on knowledge of an individual, for example, increasing
security for unknown visitors and allowing employees and seasons pass
holders to walk through even more quickly. Evolv's products are built to
operate without the need for people to stop, pose, empty their pockets
or put their mobile phones to the side. The technology automatically
detects the object of interest and provides targeted location for
further assessment.

Credibility-Building Validations and Certifications

  • Successfully tested by TNO,
    an internationally recognized detection and testing facility
  • Tested by multiple international government counter-terrorism agencies
  • Partially developed and tested with the U.S.
    Department of Homeland Security (DHS)
    and the U.S. Department of
    Defense (DoD)
  • Achieved regulatory approvals and certifications to deploy and operate
    in the U.S. and other major countries around the world
  • Awarded two additional patents in 2018, resulting in more than 100
    patents awarded for the technology

For company news and updates, follow us on Twitter at @EvolvTechnology and
on LinkedIn.

About Evolv Technology

Evolv Technology exists to protect everyone's fundamental right to be
safe in places people gather. The company's solutions help proactively
keep people and assets safe by using sensors to detect both metallic and
non-metallic threats, while also integrating facial recognition to
identify people of interest. With Evolv, a positive visitor experience
is balanced with a proactive approach to enable security anywhere, at
the pace of life – including at transportation hubs, sports stadiums,
entertainment venues, hotels and conference centers, airports, special
events and government agencies. The company is led by veterans of the
physical security industry and advised by U.S. and international
security and counter terrorism experts. Evolv is headquartered in the
Boston area. For more information, visit www.evolvtechnology.com.

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