Deal Expands Evolv’s Partnership with Kroenke Sports & Entertainment

WALTHAM, Mass.–(BUSINESS WIRE)–Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced an expanded partnership with Denver-based Kroenke Sports & Entertainment (KSE), introducing Evolv’s state-of-the-art Evolv Express® screening solution at Ball Arena for the 2023-2024 NBA, NHL, NLL, concert and event seasons.


Ball Arena, home to the NBA’s defending champion Denver Nuggets, 2022 Stanley Cup champion Colorado Avalanche, and 2022 NLL champion Colorado Mammoth, is the latest KSE property to screen fans using Evolv Express. The sports and entertainment holding company’s DICK’s Sporting Goods Park, home to the Colorado Rapids of Major League Soccer, and related SoFi Stadium in Los Angeles, home of the National Football League’s Los Angeles Rams, also use Express.

“Colorado fans have come to expect preeminent athletic performance on the court and on the ice,” said John Baier, Evolv’s vice president of sports. “We believe Ball Arena offers a superior fan experience that includes venue entry. We’re thankful for KSE’s continued confidence in our technology’s ability to help keep fans safer and we’re proud to amplify Evolv’s presence across all professional sports.”

Evolv Express enhances safety and visitor experience by reliably and quickly detecting threats, while distinguishing between weapons and commonly carried items. Prior to partnering with Evolv, Ball Arena used metal detectors at its entry points. Evolv Express works significantly faster than metal detectors – scanning guests as they walk through at pace – which reduces time spent waiting in line.

“We’ve had nothing but positive results from our relationship with Evolv, both here in Denver and in Los Angeles,” said Austin McKenna, executive director of safety and security for Kroenke Sports & Entertainment. “As soon as the NBA and NHL approved the technology, we couldn’t wait to bring it in because Evolv further enhances what we care about most – the safety of our patrons and employees.”

Ball Arena, which can seat as many as 20,000 guests during events, utilizes nine Evolv Express systems to screen fans at all of its entrances. Evolv’s technology is used by more than 600 customers worldwide and has scanned more than 1 billion people.

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 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 a billion people since 2019. 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®, Evolv Cortex AI®, and Evolv Extend™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit https://evolvtechnology.com.

ABOUT KROENKE SPORTS & ENTERTAINMENT

Denver-based Kroenke Sports & Entertainment (KSE) is one of the world’s leading ownership, entertainment, and management groups. KSE’s portfolio of professional sports teams and venues include the Denver Nuggets (NBA), Colorado Avalanche (NHL), Colorado Rapids (MLS), Colorado Mammoth (NLL), Ball Arena, Dick’s Sports Goods Park, and the Historic Paramount Theatre. Additional properties under KSE’s umbrella include Altitude Sports & Entertainment, a 24-hour regional television network and Altitude Authentics, the company’s official retail provider.

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, including our Quarterly Report on Form 10-Q for the quarter ended on September 30, 2023 that was filed with the SEC on November 9, 2023. 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.

Contacts

Media Contact:
Alexandra Smith Ozerkis

aozerkis@evolvtechnology.com

Investor Contact:
Brian Norris

bnorris@evolvtechnology.com