Evolv Technology Chosen As ASM Global's Preferred Patron Screening Technology Provider
Portfolio Pulse from Benzinga Newsdesk
Evolv Technology (NASDAQ:EVLV) has been chosen as the preferred technology provider for patron screening by ASM Global, a leading venue management company. This partnership highlights Evolv's leadership in AI-based security screening and ASM Global's commitment to enhancing guest experiences across its global network of prestigious venues. Evolv's flagship product, Evolv Express, is already in use at 10 ASM Global venues in North America, improving safety and efficiency. The collaboration has shown positive results, including an 11% increase in arrival efficiency and a 13-point increase in NPS score at venues using Evolv Express.
February 06, 2024 | 1:20 pm
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Evolv Technology's partnership with ASM Global as the preferred patron screening provider underscores its leadership in AI-based security technology and its potential for growth in the venue management sector.
The partnership with ASM Global, a leader in venue management, not only validates Evolv Technology's product efficacy but also opens up significant market opportunities. The positive early results from North American venues, including improved arrival efficiency and NPS scores, suggest a strong potential for increased adoption and sales. This could lead to a positive short-term impact on EVLV's stock price as investors react to the potential for expanded market reach and the validation of Evolv's technology in high-profile venues.
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