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Evolv Technology Set to Join Russell 3000® Index

Waltham, Massachusetts-(Business wire-Evolv Technology (NASDAQ: EVLV), a world leader in weapons detection security screening, joins the Russell 3000® Index today at the end of the 2022 Russell Index restructuring, which will take effect after the stock market opens. Announced that it will be done. On June 27, 2022, according to an additional preliminary list posted on June 3, 2022.

The Russell Index’s annual restructuring will acquire the largest US stock of 4,000 as of May 6, 2022 and rank it by market capitalization. Membership in the US All Cap Russell 3000® Index is valid for one year and is automatically included in the Large Cap Russell 1000® Index or Small Cap Russell 2000® Index, and the Appropriate Growth and Value Style Index. Means. .. FTSE Russell determines membership in the Russell Index primarily by objective market capitalization rankings and style attributes.

“Including Evolv Technology in the Russell 3000 Index, which represents the largest public company in the United States by market capitalization, is an important milestone in our growth,” said Peter George, President and Chief Executive Officer of Evolv Technology. “Because we are constantly pursuing to make the world safer for people to work, learn and play, including it in the Russell 3000 Index exposes us to institutional investors who rely on the development and tracking of the Russell Index. I believe there will be more. Their portfolio. ”

The Russell Index is widely used by investment managers and institutional investors as a benchmark for index funds and active investment strategies. Approximately $ 12 trillion in assets are benchmarked against Russell’s US index. The Russell Index is part of FTSE Russell, the world’s leading index provider.

For more information on the Russell 3000® Index and Russell Index Reconstruction, please visit the Russell Reconstruction section of the FTSE Russell website.

About Evolv Technology

Evolv Technology (NASDAQ: EVLV) uses industry-leading artificial intelligence (AI) to transform human security in the world’s most iconic venues, businesses, schools, hospitals and public spaces. Provides a safer, faster and better visitor experience-detection and analysis of powered weapons. Its mission is to transform security and create a safer world for work, learning and play. Evolv has digitally transformed the gateway where people gather by enabling seamless integration with unmatched analytics and insights. Evolv’s advanced system has scanned more than 250 million people, second only to the Transportation Security Administration (TSA) of the US Department of Homeland Security. Evolv has been designated as a US Department of Homeland Security (DHS) safety law accredited anti-terrorism technology (QATT), as well as new products and solutions from the Security Industry Association (SIA), a law enforcement / public security agency. Has won the (NPS) Award. Safety / protection system category. For more information, please visit https://evolvtechnology.com.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analysis and data solutions to investors around the world. FTSE Russell calculates thousands of indexes to measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the world’s investable markets. The FTSE Russell Index’s expertise and products are widely used by institutional and private investors around the world. Currently, about $ 20 trillion is benchmarked to the FTSE Russell Index. For over 30 years, key asset owners, asset managers, ETF providers and investment banks have chosen the FTSE Russell index to benchmark investment performance and create ETFs, structured products and index-based derivatives. .. The Universal Principles core set guides you in the design and management of the FTSE Russell Index. A transparent rule-based methodology is communicated by an independent committee of key market participants. FTSE Russell focuses on applying the highest industry standards for index design and governance and adopts IOSCO principles. FTSE Russell aims to expand the breadth, depth and scope of its products, with a focus on index innovation and customer partnerships. FTSE Russell is wholly owned by the London Stock Exchange Group. For more information, please visit www.ftserussell.com.

Description of future prospects

Specific statements in this press release are “forward-looking” statements and information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Safe Harbor Clause of US Civil Securities. May be configured. The Proceedings Reform Act of 1995, which relates to our current expectations and perspectives on future events. In some cases, these forward-looking statements are “may,” “do,” “expect,” “expect,” “aim,” “estimate,” “intention,” and “plan.” Can be identified by words or phrases such as “. “Believe,” “potential,” “continue,” “probably,” or other similar expression. These forward-looking statements are susceptible to risks, uncertainties, and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect future events or current views of our performance and do not guarantee future performance. Actual results include, but are not limited to, risk factors set forth in Form 10-K’s annual report for the year ended December 31, in the forward-looking statement as a result of many factors. It may differ significantly from the information it contains. , 2021, filed with the SEC on March 28, 2022, and other documents submitted or submitted to the SEC. These statements reflect management’s current expectations of future events and results and are stated only as of the date of this press release. You should not place excessive reliance on forward-looking statements. We believe that the expectations reflected in our forward-looking statements are valid, but we guarantee that future results, levels of activity, performance, events and situations reflected in our forward-looking statements will be achieved or occur. You can’t. Unless required by law, we have a future outlook, whether as a result of new information, future events, etc., after the date the statement is issued or whether it reflects the occurrence of an unexpected event. We undertake no obligation to publicly update or revise any statement regarding. event.

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