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Evolv Technologies Holdings, Inc., a leading security technology company pioneering AI-based solutions designed to help create safer experiences, announced that it has entered into a strategic contract manufacturing partnership with Plexus Corp.
This new partnership helps position the Company to meet growing demand for its industry-leading products while enhancing visibility and coordination across its global supply network. It combines the Company’s product expertise with Plexus’ design, supply chain and manufacturing capabilities to deliver production and distribution at scale, while creating opportunities for cost savings and operational resiliency. Key benefits of the partnership for the Company include:
- Enables the next phase of growth by providing increased capacity and expertise.
- Provides a scalable platform to support global expansion through Plexus’ international production network.
- Creates long-term cost-saving opportunities via Plexus’ global manufacturing scale and procurement efficiencies.
- Facilitates new market opportunities through Plexus’ sustaining services solution.
- Strengthens resiliency with geographic coverage, redundancy, and 24/7 global support.
“We are delighted to announce this new partnership with Plexus whose demonstrated commitment to supply chain excellence, production capacity, and product quality will be critical as we scale and enter our next phase of growth,” said John Kedzierski, President and Chief Executive Officer, Evolv Technology. “This is an important partnership that strengthens our ability to capitalize on the growing demand for advanced security screening solutions.”
Plexus is a leading global Electronics Manufacturing Services provider with an established track record of partnering with market leaders and innovators of highly complex products. With 26 facilities and a global team of over 20,000 members, Plexus brings the scale and expertise needed to help Evolv Technology manage the deployment of its advanced security screening solutions to the places people gather everyday including schools, healthcare facilities, arenas and stadiums, office buildings, industrial workplaces, houses of worship and tourist attractions.
“We are proud to partner with Evolv Technology. Supporting the production of its advanced security solutions to help protect the communities where people gather every day embodies our vision to help create products that build a better world,” said Jim Stokes, Plexus Market Sector Vice President, Aerospace/Defense. “We are committed to supporting Evolv Technology’s next phase of growth through our global design, supply chain, manufacturing and sustaining services solutions, enabling their mission to create a safer world to live, work, learn, and play.”
The Company believes it maintains ample inventory and committed production capacity to meet growth targets, supporting uninterrupted service and consistent delivery to customers as Plexus is brought onboard.
