STANLEY Security Forms Strategic Partnership with Evolv Technology
August 04 2020 - 9:00AM
Business Wire
Backed by Stanley Black & Decker,
investment supports company’s commitment to advancing security and
safety with industry-leading screening technology
STANLEY Security, a global integrator of comprehensive security
solutions and the world’s second-largest electronic security
company, today announced its investment in Evolv Technology, the
leader in artificial intelligence (AI)-based touchless security
screening. This investment – backed by STANLEY Ventures, the
venture capital arm of Stanley Black & Decker (NYSE: SWK) –
forms a strategic partnership between the two companies.
Evolv Express™, the company’s touchless security screening
system, makes it possible for venues of all kinds to keep visitors
safe from concealed weapons, pandemic health threats and intruders.
Powered by the Evolv Cortex AI™ software platform, the system uses
proprietary sensors and AI to differentiate weapons from personal
items in real-time. Evolv Express keeps high-volume entrances
flowing by reliably detecting guns and other weapons as people walk
through naturally without emptying their pockets, bags, backpacks
or other belongings. The system can screen more than 3,600 people
per hour – 10 times faster than metal detectors.
"We're committed to helping organizations create safer,
healthier environments for their employees, customers, students and
partners, and our investment in Evolv Technology helps us deliver
on that commitment,” said STANLEY Security Global President Matthew
Kushner. “Evolv’s innovative, touchless security screening
solutions are an integral part of the security industry’s future.
When paired with data analytics and expertise from STANLEY
Security, these solutions will deliver even more value to
organizations as they adjust operations and enhance security
measures to reopen and stay open safely.”
Evolv Technology’s systems are powerful additions to security
programs at K-12 schools, higher education institutions, hospitals,
sports venues, office and federal buildings, outdoor recreation
venues and more. To date, the systems have been used to screen more
than 50 million individuals at venues and facilities across the
globe.
“We’re proud to partner with STANLEY Security and Stanley Black
& Decker to add even more capabilities to our technology and
deliver superior value to our customers,” said Evolv Technology
Chief Executive Officer Peter George. “This strategic partnership
leverages both companies' resources, capabilities, industry
expertise and market presence. The breadth of STANLEY Security’s
solutions portfolio and reach of its global installed base, coupled
with Evolv’s modern technology and commitment to transforming the
security screening space, makes for a powerful partnership.”
Evolv’s touchless security screening solutions are available for
purchase today. For more information and sales inquiries, please
visit stanleysecuritysolutions.com/touchless-security-screening. To
learn more about STANLEY Security’s solutions and partnerships,
visit stanleysecuritysolutions.com/.
About STANLEY Security
STANLEY Security, a division of Stanley Black & Decker
(NYSE: SWK), is a provider of integrated security solutions
defining the future of the security industry. STANLEY delivers a
comprehensive suite of security products, software and integrated
systems with a strong emphasis on service. STANLEY is powered by a
culture of continuous innovation, providing revolutionary
technology and unmatched customer service to commercial,
institutional and industrial businesses and organizations. We focus
on complete customer transparency and operational excellence in the
five customer touchpoints: account management, installation,
service, monitoring and billing. STANLEY takes pride in our
signature approach to doing business – offering global resources,
with a local touch. As one of the world's largest and most
comprehensive security providers, we're protecting what's important
to you by designing, installing, servicing and monitoring an
extensive array of products and solutions that span the entire
security spectrum:
- Intrusion Detection
- Fire Alarms & Monitoring
- Access Control Systems
- Video Surveillance Systems
- Systems Integration
- Personal Safety and Security Response
- Patient Safety Solutions
- Business Intelligence & Analytics Solutions
- Standards Development & Strategic Planning
- Software Support, Consultation and Integration
- System Design, Installation, Service and Monitoring
About Evolv Technology
Evolv Technology provides touchless security screening systems
that ensure safety without sacrificing the visitor experience. The
company’s latest product, coupled with a thermal imaging package,
spots concealed weapons and potential virus infection threats using
advanced digital sensors and artificial intelligence that is
incredibly accurate, discreet and delivers significantly more
throughput than older technologies. Evolv Express™ has earned
industry accolades such as the 2020 Edison Awards™ and Campus
Security & Life Safety magazine’s Secure Campus 2020 Awards.
Evolv’s customers include hundreds of outdoor entertainment venues,
corporations, airports, cultural landmarks, hospitals, schools,
stadiums and large-scale events around the globe. Led by a team of
security industry thought leaders with a track record for
delivering first-to-market products, the company holds more than
100 patents. In addition to STANLEY Security, Evolv’s partners
include Johnson Controls. For more information, visit
https://evolvtechnology.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200804005230/en/
Debora Raymond Stanley Black & Decker
Debora.Raymond@sbdinc.com 203-640-8054
Abigail Dreher Stanley Black & Decker
Abigail.Dreher@sbdinc.com 860-515-2759
Stanley Black and Decker (NYSE:SWK)
Historical Stock Chart
From Apr 2024 to May 2024
Stanley Black and Decker (NYSE:SWK)
Historical Stock Chart
From May 2023 to May 2024