Evolv CEO Admitted Subways Not A Good Use Case 2 Weeks Before NYC Subway Partnership

*** ***** ******** ***** ****** **** *****, ***'* ***** ***** ********* * partnership **** ***** ** ** ********* in *** *******.

Executive *******

*****'* *** ****** ***** *** "*****" and "************ **** *** ********."

** *** "*****" ****, *** *******, as ***** ***** ***** **** ************, will **** ****** *********** ***** ****** or **** **** ********* **** ******** weapons, ********* ** *** *** ***** system ** **********. ***** ****** ** larger ****** ******* **** ***** ****** and ******' *********** (********** ****** **** hours), *** **** *** ****** ******** have ******* **** ****** ** ******* these ******* *** **** ********* *********. On *** ***** ****, ** **** decides ** ********** ******' ********** (*.*., limiting ***** ******), *** *********** **** be *******, *** **** **** ** missed, *********** *** ********** ** *** installation.

************, ***** ***** **** ******* *********** manpower ***, ********, ******* ***********, ** the *** ****** ** * **** controlled *********** **** ******* *** ********.

** *** "************" ****, ** *****'* CEO ******* **, ********* ** ***** metallic ****** **** *** ***** ***** can ******* *** *************** ***** **** Evolv ** ********* ** ********* ******* the ******** **** ** * ****** or ***.

** *** ******** ****, *******, ***** units *** *** ** * ********* for ****** ******** **** **** *** subway.

******* ***** ***** ********** *** *********** with ***** ****** *** ***** **********, NYC ********* ******* ******* ******* ** how *** ********* **** ** ****, and ** **** ** ** ***** a *** ****** ****** *** ******* would ** ***********, ** ****.

Evolv *** **** ******* ** "*** * ***** *** ****"

**** **** *** ***** ****** *** announcement, ******** ******** ***** **** **** ****** Capital *******, *** ****** **** **** ******* are "*** * ***** *** ****" for *****:

*******, ** **********, ***not * ***** **** ** ***** ** * **** *** **** *** **. Both for the con op and being below ground and the interference with the railways. [emphasis added]

Mayor ***** ***** **********

** ***** ****,***** ***** **** * ***** **************** * ****** *******, ****** ***** he ********* *** ******** ********* ********, as **** ** *** ********* ** its ***** ******* **** "****[*] ***** suffering **** ****** ****** ******* ** the ******'* ******* ****** ******." ****** the ***** **********, ***** ***** ********* the *********** **** ***** ** ** said:

*** ***** ** ****, "**'** ***** to ***** ********** **** *** ******** guns *** ***** ********* *******", *** our ******* ******** *********.And *** ******* **** **'** ********** **** *** ********** ***** ** *****. Their weapons detection systems like the one here today, already in use in the city at private companies as spaces where the public visit every day, like The Met in one Vanderbilt [emphasis added]

*** *** **** ***** ********** *****:

***** ********* **** ***** *** **** expanded *** ****** ***** ******** ** the ****** (*,*) ******** ******* ** ****** ****, ** *** ** ****** ** crack **** ** ****** ******.

Evolv ******* ****

** *** *** ** *** ***** conference, *** ********* *** * ~*-****** demo ** ***** *******, ** ***** they *** ******* ****** **** ******* the ******, ***** *****:

*** *********** *******, ***** *** ***** effects ** *****'* ***********, *** *** disclosed, *** *** ******* ****** ****** that *** ******* ****** *** ******* was * ***** ****** **** *** not *****.

* *** ******** ********* **** *** of *** **** ******** *** "********** and ***** ***********" ** *** ********, but ** *** *** ********* ******* that ******** * ****** (*** ** the **** ****** ************ *** *****). Lastly, *** ********* *** *** ******* umbrellas ** ******** *****, *** **** were *** ******* ****** *** ****.

Evolv ***** ** **% ***** *** ************

***** ***** ***** ********* **** **** 20% ***** *** ************, ******** $* for *** ***** **** ***** ********:

Operational ******** **** ******* ********* ** ******

******** **** ***** ****** ** ****** objects **** ** *******, *********, ******** cases, ***** *******, *** ******* **** limit *** ******** ** ******* ********* (not **** *****) ** ****** ********.

****** ************* *** ****** ** ****** installations **** ** ******* *************, ** riders' ******** ***** * ***** ****** of ******** ******* **** *** *********** for ***** *******. **** ***** *** other ******* ********* ******** ******* **** lines ** *******, **** **** ** a **** ****** ******* ** *** NYC ****** ** (*) ***** **** be **** ****** (*** *************** *** *+ ******* ***** ******* riders), *** (*) **** **** ** less ******* *** **** **********.

** *** ** ** ********** ******' experience ** ******** *** *********** ***, in ****, *** ****** ** ***** alarms, **** **** **** ** ****** - ****, *******, ****** *** ********** of ***** ************. *** ****'* ****** video ***** ** *****'* ***** ******* presentation ********** **** **** **** ** missed ** ***** *********** ********:

***** ******** ******* *** **** ************ prices, ******** ************, ******* **** ****** at **** *** ****** ********, ***, potentially, ******* ***********.

*** ********* *** *** ********* ** how **** ******** **** **** *****, but***** *** *** ****** ******** ** NY, *** **** *** ****** ** millions ** ******* *** *****'* ***** (base ***** ** $***,***/**** ** * 4-year *****) *** ******** ** *********, meaning ********** ********.

****** ******** ** *** **** ************* in ****, *** ***** ****** ********, such ** ***** ******, *** ****** fit ** ***** *****, ******* ******** might *** **** **** **** ****** to ****** *** ***** ********** *** have *** **** *** *** ********* screening.

******, *** *** ****** *** *** extremely **** *** ** ** ************ environment, ***** *** **** * **** on *****, ******* **** ***********.

"Interference" **** ********

*** ****** **** ********* "************" **** railways ** * ******** ****** ** installing ***** ******* ** *******. **** believes **** ********* ** ***** ****** subway **** *** ***** ***** *** distort *** *************** *****, ***** ***** analyses ** ********* ******* *** ****** is * ****** ** ***.

Evolv ** * *********

** *** ******** **** *** ***, having ***** ******* ********* ** *** stations *** *** ** * ********* for ****** ******** **** **** *** subway ******.

Screening ********* ** ****

********* ** ******** ****** ****** ** ****, *** ********* ********* (*.*., *** many ****** **** ** ********) **** vary:

** ******* ** ** **** *** many *** **** ****** **** ** screened (*.*., ***** *****, **** ***** fifth), *** ********* ********* *** ****** the ******. ** *** ***** ****, it ********** ******** ***** ****** ********* targeting **********.

No *********** ******* ***** ****

*** **** ** ***** ***** ** the *** ****** ***** ******** ** 2022, ****** ****** ******, *** ***** **** ****, **** has *** **** *** *********** ******* to *****'* ***********.

***** *** ************ * *** *********** ******* ***** **** ********** ********* ** ****** and*****'* ******* ******* **** *** ******'* performance ******** **** ******** ***** ** one *********** ************ *** ******** ** **** * significant ********** ** *** ****** (*** is ******** ** *** *** **** sensitive *******, *** ***** ** * long **** ** ******* ******* ***** alarms ******* ******** *****).

Implications *** *****

**** *** *** ********* ** ***** a $**+ ******* ******** *** *****, having * ******** ****** ** *** revenue (** ****, ***** **** ~$** million ** *******), ***** **** ** a ******** *** *** ******* *** will **** *** ********* **** ********** in *** *******'* *****. ********, ** this ********** ** **********, *** *******'* TAM **** ** ******** *******.

** *** **** ****, * **** with *** ** * ****-******* ****, which **** ******* * *** ** media ************, *** *********** ******* ****** criticism *** *** *** *** **************, this *** **** ** **** ******** press *** **** ***********.

NYC ** ***** *********** ************

******* ********** **** *** ** "**********" with *****, ***** ***** **** **** they *** ***** *********** ************ *** the ******* **** ** "********* ***********":

We're ******* * **** ***. Commissioner Daughtry actually received a number of calls when people heard we were doing some form of announcement. And so **'** ***** ****** ******** ** **** **, **** ** ***** ** ********* ***********, the best product is going to be used in our city

*** ********* **** **** **** *** looking ** ******* ******* "*** ****" that **** *** **** *** ******** to ***********, *** "**** *** ******* on **":

*** **'** ******* ** ******* ******* that **** ***** ** **** ** looking ** **** ** *** ********* a ***** ******* *** ****, **** don't **** *** ******** ** *********** but ****'** ******* ** **.

***** *** ********* *** **** **** are *********** ***** ************, ******** *************** ******* *****'* ********* ******** *** mentions ************ **** **** ***** ***, for *******, * ****** ********** ******, cameras ********* ** *** ********'* *******, and ***** *******:

****, * **** ******* *****'* **********, did *** ******* ** ******* **** submitted *** *** ** ** ********* in *** *** ****** ** ***** to.****** ***(********** ******* ***), *** ******** **********, told **** **** *** *** *** contacted **:

****** *** *** *** **** ********* by *** *****'* ****** ** ****** to ****** * ***, *** * trial, ***. ** ******* *** *********** to ** **.

********, ****** ***'* *** ********* **** "state ** *** *** ** *** technologies **** *** ******* ** **** that *** **** ***** **** ***** false ******," ** ** ****:

The ***** ** *** *** ** *** ************ **** *** ******* ** **** **** *** **** ***** **** ***** ***** ******. As witnessed when going through an airport divesting is often required to ensure minimal false alerts. The same is true of next gen weapons screenings solutions. To ***** *** ******* **** * **** ****** ** ******** **** ***** ***** ****** ** ***** **** ** *******. With an estimated 30, 40, 50% or more of subway riders carrying laptops that implies a very high false alert rate, a large number of people sent to secondary screening (and missing their train) and a large number of staff. The operational considerations are complex and this is not simply a matter of purchasing technology that is not technically effective for these environments. As a simple example - if 600,000 riders travel through Penn Station every day, and there was an (unlikely) 10% false positive rate, that is 60,000 people pulled aside for secondary screening. Ouch. [emphasis added]

At ***** ** **** ****** *** **********

** ********** **** ***'* ****** ********* of ************ ********** (****), ***** ** a **-*** ****** ****** ***** *** public *** ****** ***** ********, *** NYC *** **** *** ********* ******. NYC ********* ******** ** **** *-***** period:

This ***** *** *** ** *** ******* ****** ****** **** **** ** ********** *** ** ****** *** **** ** *** **** ** **** **** *** ******* ****. This is a rule that we have to follow. We have to wait 90 days before we can implement this technology. But during the 90 day period, waiting period, the NYPD **** [*****] ** ******** *** ******* **** ********* ********** *** ********* **** *** ******* ** **** ** *** **** **** *** ***** ***** ********** to help prevent firearms from entering our transit system and other type weapons.

** ***** *** **** ***, **'* a ** *** ******* ******.It's ****** * ****** *** ******* ******. So the first 45 days posted on our website are impacted use policy anybody any member of the public can provide comments, positive or negative, suggestions - that's the first 45 days. Over the next 45 days after that we look at those comments, evaluate them, maybe make changes to the draft impact and use policy maybe things we agree with disagree with.

Many ********* **********

****** *** *&* ******* ** *** press **********, *** ********* **** ***** several ********* ** *** *** ********* would ** ****, *** **** ******** limited *******. *** *******, ** ******* to ** **** **** ******** **** have *** *****, *** **** ***** per *******, *** ***** ** *** station *** ***** **** ** ********* (outside/inside, ******/***** **********).

Not ***** ******* ** *** ******** ***** *** * ******

*** ********* ********** **** *** ***** through *** ****** **** *** ********** a ******** ***** *** * ******, however, ****** ***'* ** ******* ** go ****** *** ******* (****** **** choose ** *********** ********* *******). ** during *** **** ***** *******, ********* will ******* ********* ********* *** **** of *** **** **** *******, ** city ********* ********** ******* *****:

**** ****** ** *** ******* ****. If ******* ***'* ****** **** *** subway ******, **** *** **** *******, they **** ******, **** **** ****, that's ***** *****, ** *** ** required ** ** ******* *** *******, someone ***** ****, ***I'm ***** ** **** *****, ** ******* ***** ****. ****'* *** ******** ***** *** ********** *********, **'* *******.

If ******* ******* ** ** ******* *** ******* to go into the transit system, and *** ******* **** ****** ** * ********* ******, ******** **** **** ******* * ****** ** **** ********** ****, right, the machine is alerting on a particular area either on an individual's person or on their bag. And ** **** ***** *******, **** *** ******** *** ***** ** ** * ****** ** **** **** **** [emphasis added]

NYC **** *** "********** ** *** *******"

** ***** ***** **** ************* **** than ************ ***** *********, **** **** raises ********* ***** *** *******. ***** Adams **** **** *** **** ***** "use ********** ** *** *******" *** believes **** ** *** *** ******* funds *** **** ***** ********** *** for *** ****** (** **** ** using *** *** *****):

**'** ***** ***** *** **** * few ** *** *****, *** ** believe **** **'** **********, *e *** ***** *** *** *** ******** ******** ***** from the federal government, we ******* **** ** *** *** **** ***** ********** *** **** ******* *** ******* ** ***** ***** ********, ** **** *** ****** ******. So we'll use creativity to get funding. [emphasis added]