WALTHAM, MA / ACCESSWIRE / July 3, 2021 / Evolv Technology, the chief in weapons detection screening, at this time introduced that Decrease.com Subject, will launch with its synthetic intelligence-based system, Evolv Express®. Decrease.com Subject is a brand new $313.9 million stadium with the fan expertise on the heart of its design. The brand new state-of-the-art stadium was designed to remodel the fan expertise all through their go to, beginning with safety. As supporters enter the stadium, they are going to expertise enhanced security and a free-flowing screening system by strolling via on the tempo of life. It’s anticipated that greater than 20,000 supporters will probably be screened previous to getting into the downtown Columbus, Ohio venue, which is about to open at full capability this Saturday, July 3, when the Columbus Crew hosts the New England Revolution for the venue’s inaugural match.
“The fan expertise and security had been essential components to the design at Decrease.com Subject,” mentioned Brandon Covert, Vice President – Info Expertise for Haslam Sports activities Group. “Our purpose is to offer a world-class expertise for all followers to enter and transfer across the stadium in a protected and safe method. We had a singular alternative to work with probably the most technologically superior and best-in-class companions to convey our imaginative and prescient for the stadium to life. After testing Evolv Specific weapons detection screening, we’re assured in our perception that it’ll assist us preserve a protected and frictionless expertise for all followers attending matches and occasions at our new stadium.”
Constructed on its Evolv Cortex AI™ software platform, Evolv frequently improves its clients’ safety posture via machine studying and on-demand analytical insights in a approach that legacy steel detectors and different analog screening methods can’t. Evolv’s modern safety screening expertise has supported greater than ten main sporting occasions in 2021, including the U.S. Open Golf Championship earlier this month.
“We’re delighted to help the brand new state-of-the-art Decrease.com Subject with our frictionless weapons detection screening,” mentioned Peter George, CEO, Evolv Expertise. “Our partnership has been an ideal match with a mutual imaginative and prescient, to remodel the fan expertise, whereas guaranteeing what we consider are the best ranges of security. We couldn’t be extra happy to be part of this inaugural day and sit up for seeing our imaginative and prescient come to life.”
Evolv’s methods have been used to display screen greater than 60 million individuals, second solely to the Division of Homeland Safety’s Transportation Safety Administration in screening individuals within the U.S.
Screens an unparalleled 3,600 individuals per hour, per system
Delivers as much as a 70% discount in value
Is 10 instances sooner than conventional steel detectors
The brand new screening system will probably be in place on launch day. Supporters is not going to should cease or empty their pockets until directed to take action by safety personnel.
About Evolv Expertise
Evolv Expertise is the world’s main supplier of AI touchless safety screening methods that improve security with out sacrificing the customer, pupil and worker expertise. Constructed on high of its Evolv Cortex AI™ software program platform, the corporate offers an array of AI touchless screening applied sciences for weapons detection, id verification and health-related threats. Led by a staff of safety business leaders with a observe file for delivering first-to-market merchandise, Evolv’s traders embrace Florida Governor Jeb Bush’s agency, Finback Funding Companions, DCVC, Normal Catalyst Companions, Lux Capital, SineWave Ventures, Motorola Options and STANLEY Ventures. The corporate’s strategic channel companions embrace Motorola Options, STANLEY Safety and Johnson Controls. Evolv Specific® has earned business accolades such because the 2020 Edison Awards™, two Campus Safety 2020 BEST Awards, Campus Safety & Life Security journal’s Secure Campus 2020 Awards and Finest Locations to Work by Inc. Magazine and Built in Boston.
In March 2021, Evolv entered right into a definitive settlement for a enterprise mixture with NewHold Funding Corp. (NASDAQ: NHIC) in a transaction that might lead to Evolv changing into a U.S. publicly listed entity. The transaction is anticipated to shut shortly after the second quarter of 2021, topic to satisfaction of customary closing situations. For extra info go to https://nhicspac.com.
Evolv Expertise, Evolv Specific®, and Evolv Cortex AI™ are registered logos or logos of Evolv Applied sciences, Inc. in america and different jurisdictions.
For extra info, go to https://evolvtechnology.com.
About NewHold Funding Corp.
NewHold Funding Corp. is a clean examine firm shaped in 2020 for the aim of effecting a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies. Whereas the Firm might pursue a enterprise mixture goal in any enterprise or business, it focuses on figuring out companies within the industrial expertise sector. For extra info go to https://nhicspac.com.
About Columbus Crew
Columbus Crew is the primary membership in Main League Soccer. The Crew is operated by The Edwards Household and Haslam Sports activities Group. The Black & Gold are the 2020 MLS Cup Champions. The Membership gained its first MLS Cup championship in 2008 and in addition gained the 2002 Lamar Hunt U.S. Open Cup in addition to MLS Supporters’ Protect titles in 2004, 2008 and 2009. The 2021 marketing campaign is the Columbus Crew’s 26th season in MLS in addition to the Membership’s last season at Historic Crew Stadium — the primary soccer-specific stadium in america – and the Crew’s inaugural season at Lower.com Subject.
Web site: ColumbusCrew.com | Twitter: @ColumbusCrew | Instagram: @ColumbusCrew | Hashtag: #Crew96 | Facebook.com/columbuscrew | App: ColumbusCrew.com/app | Coaching Facility: OhioHealth Efficiency Heart | Lower.com Subject coming July 2021
This doc incorporates sure forward-looking statements inside the that means of the federal securities legal guidelines with respect to the proposed transaction between NewHold Funding Corp. (“NewHold”) and Evolv Applied sciences, Inc. (“Evolv”). These forward-looking statements typically are recognized by the phrases “consider,” “challenge,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “will probably be,” “will proceed,” “will doubtless consequence,” and comparable expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which might be based mostly on present expectations and assumptions and, consequently, are topic to dangers and uncertainties. Many elements might trigger precise future occasions to vary materially from the forward-looking statements on this doc, together with however not restricted to: (i) the danger that the transaction is probably not accomplished in a well timed method or in any respect, which can adversely have an effect on the value of NewHold’s securities, (iii) the failure to fulfill the situations to the consummation of the transaction, together with the adoption of the Settlement and Plan of Merger, dated as of March 5, 2021 (the “Merger Settlement”), by and amongst NewHold, Evolv and NHIC Merger Sub Inc., a Delaware company and a direct wholly owned subsidiary of NewHold, by the stockholders of NewHold, the satisfaction of the minimal belief account quantity following redemptions by NewHold’s public stockholders and the receipt of sure governmental and regulatory approvals, (iv) the dearth of a 3rd occasion valuation in figuring out whether or not or to not pursue the transaction, (v) the lack to finish the PIPE funding in reference to the transaction, (vi) the incidence of any occasion, change or different circumstance that might give rise to the termination of the Merger Settlement, (vii) the impact of the announcement or pendency of the transaction on Evolv Aviation’s enterprise relationships, working outcomes and enterprise typically, (viii) dangers that the proposed transaction disrupts present plans and operations of Evolv and potential difficulties in Evolv worker retention on account of the transaction, (ix) the result of any authorized proceedings which may be instituted in opposition to Evolv or in opposition to NewHold associated to the Merger Settlement or the transaction, (x) the power to take care of the itemizing of NewHold’s securities on a nationwide securities trade, (xi) the value of NewHold’s securities could also be unstable attributable to a wide range of elements, together with adjustments within the aggressive and extremely regulated industries by which NewHold plans to function or Evolv operates, variations in working efficiency throughout rivals, adjustments in legal guidelines and rules affecting NewHold’s or Evolv’s enterprise and adjustments within the mixed capital construction, (xii) the power to implement enterprise plans, forecasts, and different expectations after the completion of the transaction, and determine and notice extra alternatives, and (xiii) the danger of downturns and a altering regulatory panorama in Evolv’s extremely aggressive business. The foregoing listing of things shouldn’t be exhaustive. You must fastidiously take into account the foregoing elements and the opposite dangers and uncertainties described within the “Threat Elements” part of NewHold’s registration on Type S-1 (File No. 333-239822), the registration assertion on Type S-4 mentioned above and different paperwork filed by NewHold on occasion with the SEC. These filings determine and deal with different vital dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and besides as required by regulation NewHold and Evolv assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions, or in any other case. Neither NewHold nor Evolv offers any assurance that both NewHold or Evolv or the mixed firm will obtain its expectations.
Any monetary projections on this communication are forward-looking statements which might be based mostly on assumptions which might be inherently topic to vital uncertainties and contingencies, a lot of that are past NewHold’s and Evolv’s management. Whereas all projections are essentially speculative, NewHold and Evolv consider that the preparation of potential monetary info entails more and more greater ranges of uncertainty the additional out the projection extends from the date of preparation. The assumptions and estimates underlying the projected outcomes are inherently unsure and are topic to all kinds of serious enterprise, financial and aggressive dangers and uncertainties that might trigger precise outcomes to vary materially from these contained within the projections. The inclusion of projections on this communication shouldn’t be considered a sign that NewHold and Evolv, or their representatives, thought of or take into account the projections to be a dependable prediction of future occasions.
Vital Info for Buyers and Stockholders
This doc describes to a proposed transaction between NewHold and Evolv. This doc doesn’t represent a proposal to promote or trade, or the solicitation of a proposal to purchase or trade, any securities, nor shall there be any sale of securities in any jurisdiction by which such supply, sale or trade can be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. NewHold has filed a registration assertion on Type S-4 with the SEC, which features a doc that serves as a prospectus and proxy assertion of NewHold, known as a proxy assertion/prospectus. When last, a proxy assertion/prospectus will probably be despatched to all NewHold stockholders. NewHold additionally will file different paperwork relating to the proposed transaction with the SEC. Earlier than making any voting choice, traders and safety holders of NewHold are urged to learn the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will probably be filed with the SEC in reference to the proposed transaction as they turn into out there as a result of they are going to include vital details about the proposed transaction.
Buyers and safety holders will be capable to get hold of free copies of the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will probably be filed with the SEC by NewHold via the web site maintained by the SEC at www.sec.gov. Alternatively, these paperwork, when out there, could be obtained freed from cost from NewHold upon written request to NewHold Funding Corp., c/o NewHold Enterprises, LLC, 52 Vanderbilt Avenue, Suite 2005, New York, New York 10017, Attn: Charlie Baynes-Reid, or by calling (212) 653-0153, or by electronic mail at firstname.lastname@example.org.
Individuals within the Solicitation
NewHold and Evolv and their respective administrators and government officers could also be deemed to be individuals within the solicitation of proxies from NewHold’s stockholders in reference to the proposed transaction. A listing of the names of the administrators and government officers of NewHold and knowledge relating to their pursuits within the enterprise mixture will probably be contained within the proxy assertion/prospectus. You could get hold of free copies of those paperwork as described within the previous paragraph.
This communication doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction by which such supply, solicitation, or sale can be illegal previous to registration or qualification below the securities legal guidelines of such different jurisdiction.
For Evolv Expertise:
Michael Bowen and Ryan Gardella
Kristin Faulder (on behalf of Evolv Expertise)
For NewHold Funding Corp.:
Investor & Media Contact:
SOURCE: Evolv Expertise
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