– Company Welcomes World-Class Go-To-Market
Executive to Scale its Customer Facing Operations –
Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons
detection security screening, today announced the appointment of
Jay Muelhoefer to serve as Chief Commercial Officer, effective
October 12, 2023.
Mr. Muelhoefer will assume global responsibility for the
Company’s Sales, Marketing, Alliances, Channels, and Customer
Success teams to help expand brand awareness, drive revenue growth
globally, and ensure exceptional customer experiences. Mr.
Muelhoefer joins the Company from Kinaxis (TSX: KXS), a leading
SaaS-based supply chain management applications provider focused on
planning and execution for digital transformation, sustainability,
and resiliency using AI and advanced analytics, where he has served
as Chief Marketing Officer, spearheading significant growth since
2018.
"We’re excited to welcome Jay to the executive management team,"
said Mr. Peter George, President and Chief Executive Officer of
Evolv Technology. "Jay has had a highly accomplished 30-year sales
and marketing career across the SaaS, AI, big data and analytics
markets. We believe his experience scaling the global go-to-market
functions for category leading technology companies will be
critically important as we prepare for the next stage of our
growth."
"I'm thrilled to be joining Evolv Technology, a leader in
AI-based weapons detection security screening," said Mr.
Muelhoefer, Chief Commercial Officer of Evolv Technology. "Evolv is
leading the creation of a new market category with a rapidly
growing customer base across education, healthcare, professional
sports, tourist attractions and industrial workplaces. Evolv’s
focus on innovation, security leadership and exceptional customer
experience combined with a very positive culture attracted me to be
part of its mission to help make everywhere safer.”
Prior to joining Kinaxis, Mr. Muelhoefer served as Chief
Marketing Officer at Intralinks (NYSE: IL), a global provider of
enterprise SaaS solutions for secure content sharing,
collaboration, and work lifecycle management. Before that, he spent
two years at IBM (NYSE: IBM) where he served as Global Executive
Director and led global go-to market efforts for Software Defined
Data Center initiatives spanning analytics, big data, high
performance computing, and cloud technologies. Earlier in his
career, Mr. Muelhoefer held various executive leadership roles
spanning sales, channel, marketing, strategy and general management
at Platform Computing (acquired by IBM), PTC (NYSE: PTC) and Booz
Allen Hamilton (NYSE:BAH). Mr. Muelhoefer earned an MBA from
Harvard Business School and holds both a Master’s Degree and
Bachelor’s Degree in Mechanical Engineering from the Massachusetts
Institute of Technology. Mr. Muelhoefer will be based in the
Company’s corporate headquarters in Waltham, Massachusetts.
About Evolv Technology Evolv Technology (NASDAQ: EVLV) is
transforming human security to make a safer, faster, and better
experience for the world’s most iconic venues and companies as well
as schools, hospitals, and public spaces, using industry leading
artificial intelligence (AI)-powered weapons detection and
analytics. Its mission is to transform security to create a safer
world to work, learn, and play. Evolv has digitally transformed the
gateways in places where people gather by enabling seamless
integration combined with powerful analytics and insights. Evolv’s
advanced systems have scanned more than 750 million people, second
only to the Department of Homeland Security’s Transportation
Security Administration (TSA) in the United States. Evolv has been
awarded the U.S. Department of Homeland Security (DHS) SAFETY Act
Designation as a Qualified Anti-Terrorism Technology (QATT) as well
as the Security Industry Association (SIA) New Products and
Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding
Systems category. Evolv Technology®, Evolv Express®, Evolv
Insights®, and Evolv Cortex AI® are registered trademarks of Evolv
Technologies, Inc. in the United States and other jurisdictions.
For more information, visit https://evolvtechnology.com.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this press release other than statements of
historical facts, including without limitation statements regarding
company’s future performance and growth, are forward-looking
statements. Words such as “believe” “may,” “will,” “expect,”
“should,” “could,” “anticipate,” “aim,” “estimate,” “intend,”
“plan,” “believe,” “potential,” “continue,” “project,” “plan,”
“target,” “is/are likely to” or the negative of these terms or
other similar expressions are intended to identify forward-looking
statements, though not all forward-looking statements use these
words or expressions. These statements are neither promises nor
guarantees, but involve known and unknown risks, uncertainties and
other important factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements, including, but not limited to, the
following: expectations regarding the Company’s strategies and
future financial performance, including its future business plans
or objectives, prospective performance, competitors, revenues,
products and services, pricing, operating expenses, market trends,
liquidity, cash flows and uses of cash, and capital expenditures;
the Company’s history of losses and lack of profitability; the
Company’s reliance on third party contract manufacturing and a
global supply chain; the rate of innovation required to maintain
competitiveness in the markets in which the Company competes; the
loss of designation of the Evolv Express system as a Qualified
Anti-Terrorism Technology under the Homeland Security SAFETY Act;
the ability for the Company to obtain, maintain, protect and
enforce the Company’s intellectual property rights and use of “open
source” software; the concentration of the Company’s revenues on a
single solution; the Company’s ability to timely design, produce
and launch its solutions, the Company’s ability to invest in growth
initiatives and pursue acquisition opportunities; the limited
liquidity and trading of the Company’s securities; risks related to
existing and changing tax laws; geopolitical risk and changes in
applicable laws or regulations; the possibility that the Company
may be adversely affected by other economic, business, and/or
competitive factors; operational risk; the impact of fluctuating
general economic and market conditions; the need for additional
capital to support business growth, which might not be available on
acceptable terms, if at all; litigation and regulatory enforcement
risks, including the diversion of management time and attention and
the additional costs and demands on resources, and the Company’s
ability to identify and implement digital advances in its
technology. These and other important factors discussed under the
caption “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2022 filed with the Securities and Exchange
Commission ("SEC") on March 24, 2023, as may be updated from time
to time in other filings we make with the SEC including our
Quarterly Report on Form 10-Q for the quarter ended on June 30,
2023 that was filed with the SEC on August 10, 2023, could cause
actual results to differ materially from those indicated by the
forward-looking statements made in this press release.
These statements reflect management’s current expectations
regarding future events and operating performance and speak only as
of the date of this press release. You should not put undue
reliance on any forward-looking statements. Although we believe
that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Except
as required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231012367310/en/
Investor: Brian Norris Senior Vice President of Finance
and Investor Relations bnorris@evolvtechnology.com
Media: Alexandra Smith Ozerkis Vice President of
Corporate Communications aozerkis@evolvtechnology.com
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