Tag: Peter George
Evolv Technology terminates CEO Peter George amidst internal investigation
October 31, 2024SSN Staff
WALTHAM, Mass.—Evolv Technology’s Board of Directors has announced the termination of President and CEO Peter George without cause, effective immediately, as the company continues its internal investigation involving allegations of misconduct during sales transactions and subsequent inaccurate financial reporting.
The Board of Directors has appointed cofounder Michael Ellenbogen, Evolv’s chief innovation officer and a member of the board, as interim president and CEO.
Evolv’s...
'Making safer experiences’ - NYC rolls out weapons detection technology in subways
July 31, 2024Cory Harris, Editor
NEW YORK—On July 26, the New York City Police Department (NYPD) deployed a weapons detection system at the Fulton St. subway station, marking the first time such technology was implemented in the 119-year history of the system.
Evolv Technology’s AI-powered weapons screening solutions are being used by the NYPD as part of a 30-day pilot program to detect weapons carried by travelers into the Metropolitan Transit Authority's (MTA) subway system.
“We are honored...
AI weapons detection technology included in NYC pilot program
April 10, 2024Cory Harris, Editor
NEW YORK—Evolv Technology’s AI system will be used as part of a new pilot program by the New York City Police Department (NYPD) to detect weapons carried by travelers into the Metropolitan Transit Authority's (MTA) subway system.
According to a release by the Office of the Mayor of New York City, the NYPD seized 1,515 weapons in the subway system in 2023, compared to 947 weapons the previous year – a nearly 60% increase.
“The NYPD contacted Evolv to...
Evolv Q4 2023 highlights gun detection offering, new sporting venues
March 4, 2024SSN Staff
WALTHAM, Mass. – Evolv Technology, a security technology company developing AI-based weapons detection systems, announced its financial results for the fourth quarter (Q4) 2023 and issued its outlook for 2024 on February 29.
Among the notable statistics was that total revenue for the fourth quarter of 2023 was $21.8 million, an increase of 4% compared to $20.9 million for the fourth quarter of 2022. Annual Recurring Revenue (“ARR”)1 was $75.0 million at the end of fourth quarter...