Evolv Technologies (EVLV) investor relations material

Company mission and background

• Founded in 2013 to address rising mass shootings and violence in public spaces, inspired by personal experience with the Boston Marathon bombing and other tragedies.

• Mission is to make public spaces safer and more enjoyable through advanced security screening.

• Extensive research with 400 security leaders worldwide shaped the product vision to balance effective threat detection with minimal disruption.

Technology and product innovation

• Developed AI-enabled touchless security systems that distinguish between personal items and weapons, enabling rapid, frictionless screening.

• Two main products: Evolv Express for people and Evolv eXpedite for high-speed automated bag screening, both using sensor fusion and AI.

• Systems provide real-time alerts, data tracking, and integration with broader security ecosystems, including panic buttons and mobile notifications.

• Regular software and algorithm updates address evolving threats, such as ghost guns, through a SaaS model with annual fees.

Market opportunity and adoption

• Estimated $20 billion total addressable market, with applications in education, healthcare, sports, entertainment, industrial workplaces, and cities.

• Over 1,000 customers and 7,500 units deployed, primarily in the U.S., with growing adoption in schools, hospitals, casinos, and iconic venues.

• International business is under 10% but expanding, with deployments in APAC and other regions.

• Major events like the World Cup and Olympics are driving interest in scalable, easy-to-train solutions for large crowds.