Evolv Technology Announces New Product, Evolv Extend, For Detection Of Brandished Guns Approaching Venue Entrances
Portfolio Pulse from Happy Mohamed
Evolv Technology (NASDAQ:EVLV) has announced a new product, Evolv Extend, designed to identify non-concealed guns approaching a venue and expand detection beyond the door. The product was developed in partnership with Omnilert and uses AI visual gun detection software. The system analyzes high-resolution video streams to identify brandished guns at distances up to 100 feet, and sends a comprehensive image and video footage to onsite security staff and first responders.
September 07, 2023 | 12:12 pm
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POSITIVE IMPACT
Evolv Technology's new product, Evolv Extend, could potentially increase the company's market share in the security sector. The product's ability to detect brandished guns from a distance and alert security personnel could be a significant selling point.
The launch of a new product typically has a positive impact on a company's stock as it can lead to increased sales and revenue. Given the current focus on security and the unique capabilities of Evolv Extend, it is likely that this product will be well-received in the market, potentially leading to a positive impact on Evolv Technology's stock.
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IMPORTANCE 80
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