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Stock impact report

AI security company made false claims about weapons-detection system used at Colorado STEM school, FTC says [CBS News]

Evolv Technologies Holdings, Inc. - Class A (EVLV) 
Last evolv technologies holdings, inc. - class a earnings: 3/27 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.evine.com
Company Research Source: CBS News
In 2023, Douglas County commissioners approved nearly $1 million for a one-year trial of Evolv Technologies at STEM School Highlands Ranch, the site of a shooting in 2019 . The AI-based security system had previously claimed to detect weapons using cameras, sensors, and artificial intelligence, but those claims are now being called into question. "I hope that Kendrick is the poster child for school safety," said John Castillo. Castillo lost his son, Kendrick, in that 2019 shooting at the school. The tragedy motivated the county to increase investment in school safety. "The feeling of being safe and actual security are two different things," Castillo said. He didn't feel Evolv Technologies was the right use of the nearly $1 million. "I wasn't for it from the beginning, just because I don't believe that physical deterrents like metal detectors are proven enough right now," Castillo said. Neither did former county commissioner Lora Thomas, who resigned from her position in D Show less Read more
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