Evolv Technologies Holdings, Inc. (EVLV) announced a new deployment of its Evolv Express Gen2 concealed‑weapon detection system at the Dean E. Smith Center, Kenan Stadium, and Carmichael Arena in North Carolina. The announcement, made on February 10 2026, follows the first operational use of the systems on September 1 2025 during the Tar Heels’ football home opener.
The new deployment adds 14 screening units—nine dual‑lane and five single‑lane Express Gen2 systems—across the three venues, increasing the company’s installed base by more than 20 entrances. This expansion is a key component of EVLV’s strategy to grow its recurring‑revenue business through direct customer relationships and subscription contracts, which are expected to generate predictable subscription income and service revenue over the coming years.
By adding high‑traffic venues, Evolv gains a larger volume of screening data that feeds its AI models, improving detection accuracy and reinforcing its competitive moat against traditional metal detectors. The deployment also signals continued demand for touchless screening technology in large‑scale event settings, supporting the company’s broader shift toward a subscription‑based revenue model and higher ARR growth.
Evolv’s Q3 2025 revenue of $42.9 million, up 57% year‑over‑year, and ARR of $117.2 million illustrate the momentum behind this strategy. The company’s management has highlighted the importance of expanding its footprint in the collegiate sports market as a driver of new customer additions and recurring revenue growth.
The UNC deployment is a material milestone that strengthens EVLV’s market position, enhances its data pipeline, and supports the company’s long‑term profitability goals. Investors will view this expansion as a positive indicator of the company’s ability to secure large, recurring contracts and to scale its AI‑powered security solutions across high‑traffic venues.
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