Evolv Technologies Holdings, Inc. - Class A Common Stock (EVLV)

Frequently Asked Questions About Evolv Technologies Holdings, Inc. - Class A Common Stock (EVLV)

How can organizations implement Evolv's solutions?

Organizations interested in implementing Evolv's solutions can initiate contact via the company's website to schedule consultations and demonstrations. Evolv's team works closely with clients to tailor the solutions to their specific security needs and help with the installation and training process.

How does Evolv ensure data privacy?

Evolv Technologies prioritizes data privacy through the use of anonymized data and advanced security protocols. Information captured during the screening process is not stored in a way that can be traced back to individuals, ensuring compliance with privacy laws and protecting user identities.

How does Evolv support sustainability?

Evolv Technologies supports sustainability by developing energy-efficient and environmentally friendly security solutions that minimize waste and resource consumption. The company promotes the use of technology that benefits security while also aligning with global efforts towards sustainable practices.

How does Evolv use AI in its technology?

Evolv employs artificial intelligence and machine learning algorithms within its security screening systems to analyze foot traffic patterns, detect anomalies, and streamline the screening process. This technology enhances the efficiency of security measures while allowing for a more user-friendly experience.

How does Evolv's technology address safety concerns?

Evolv's technology addresses safety concerns by combining advanced screening capabilities with real-time data analytics to detect potential threats more effectively. This proactive approach to security helps organizations manage risks while providing a safe environment for their patrons and staff.

Is Evolv Technologies publicly traded?

Yes, Evolv Technologies Holdings, Inc. is publicly traded under the ticker symbol EVLV on the Nasdaq stock exchange. The company went public as part of a merger with a special purpose acquisition company (SPAC), allowing it greater access to capital for its growth and innovation initiatives.

What are some recent developments for Evolv Technologies?

Recent developments for Evolv Technologies include the expansion of their product offerings, strategic partnerships with industry leaders, and the deployment of their technology in new high-profile venues. The company continues to innovate, adding features to enhance the functionality and effectiveness of their screening solutions.

What are the future plans for Evolv Technologies?

Evolv Technologies plans to further enhance its product offerings, invest in research and development to innovate its technology, and expand into new markets. The company aims to remain at the forefront of the security screening industry by adapting to emerging threats and customer needs.

What does Evolv Technologies Holdings, Inc. do?

Evolv Technologies Holdings, Inc. is a technology company that specializes in providing advanced security solutions using artificial intelligence and machine learning. Their core product offering includes touchless security screening systems that enhance the safety of public spaces, such as airports, stadiums, and schools, while maintaining a convenient and efficient experience for users.

What financial performance has Evolv Technologies exhibited?

Evolv Technologies has shown positive financial performance following its public listing, marked by increases in revenue as it expands its client base. The company aims to achieve sustained growth through ongoing product development and strategic partnerships, with a focus on scalability and market penetration.

What industries benefit from Evolv's solutions?

Evolv Technologies services a variety of industries including transportation (airports), education (schools and universities), entertainment (stadiums and concert venues), and corporate environments. Their solutions are adaptable for any space requiring enhanced security measures without compromising visitor experience.

What is Evolv's mission?

Evolv Technologies' mission is to provide innovative security solutions that prioritize safety without sacrificing convenience. The company strives to create an environment where security processes are seamless and unobtrusive, enabling organizations to focus on their core activities while ensuring the safety of their customers and employees.

What is the growth trajectory of Evolv Technologies?

Since its founding, Evolv Technologies has experienced substantial growth, fueled by increasing demand for effective security solutions across various sectors. The company has secured significant funding through investments and partnerships, positioning it well for future expansion and technological advancements.

What is the importance of touchless security technology?

Touchless security technology is crucial in promoting public safety, especially in high-traffic environments. It reduces contact points, which is particularly relevant in the context of public health concerns, while also improving efficiency and user experience by minimizing wait times and streamlining entry processes.

What is the significance of Evolv Express?

Evolv Express is the flagship product of Evolv Technologies, designed to transform the security screening landscape. It allows individuals to walk through security without needing to stop or be physically screened, thereby reducing wait times and enhancing the overall experience in high-traffic venues.

What products does Evolv Technologies offer?

Evolv Technologies offers a range of products focused on touchless security screening systems, particularly the Evolv Express. This system leverages AI and sensors to allow individuals to enter venues without the need for manual checks or metal detectors, enhancing safety while reducing wait times.

When was Evolv Technologies founded?

Evolv Technologies was founded in 2013, with the aim of revolutionizing traditional security screening processes through innovative technology. Since its inception, the company has evolved significantly and attracted notable investments to expand its capabilities and market reach.

Where is Evolv Technologies headquartered?

Evolv Technologies is headquartered in Woburn, Massachusetts. This location serves as the central hub for the company's operations, research and development, and strategic initiatives aimed at enhancing security solutions across various sectors.

Who are Evolv Technologies' main competitors?

Evolv Technologies operates in a competitive landscape that includes traditional security screening providers, as well as newer technology-focused firms. Main competitors might include companies like Johnson Controls, IDEMIA, and weapons detection solutions, as well as other tech startups pushing the boundaries of AI in security.

Who are the founders of Evolv Technologies?

Evolv Technologies was co-founded by a team of innovators led by the current CEO, Peter Buchanan. The founders recognized the need for modern security solutions and sought to leverage technology in addressing the challenges traditionally associated with security screening.

What is the current price of Evolv Technologies Holdings, Inc. - Class A Common Stock?

The current price of Evolv Technologies Holdings, Inc. - Class A Common Stock is 3.110

When was Evolv Technologies Holdings, Inc. - Class A Common Stock last traded?

The last trade of Evolv Technologies Holdings, Inc. - Class A Common Stock was at 4:00 pm EDT on April 2nd, 2025