Yahoo Finance·2025-11-30 05:26Core Insights - Evolv Technologies Holdings Inc. has entered a strategic partnership with Plexus Corp to enhance its manufacturing and supply chain capabilities, aiming to meet the increasing demand for its security screening products [1][2]. Group 1: Partnership Details - The collaboration combines Evolv's product expertise with Plexus' design, supply chain, and manufacturing capabilities, facilitating large-scale production and distribution [2]. - The partnership is expected to provide increased capacity, a scalable platform for global expansion, and long-term cost-saving opportunities through Plexus' manufacturing scale and procurement efficiencies [2][3]. Group 2: Market Opportunities and Support - The partnership will open new market opportunities through Plexus' sustaining services solution and enhance resiliency with geographic coverage, redundancy, and 24/7 global support [3]. - Evolv currently has sufficient inventory and committed production capacity to ensure uninterrupted service and consistent delivery to customers during the integration with Plexus [3]. Group 3: Company Background - Evolv Technologies specializes in AI-based weapons detection for security screening both in the US and internationally [4]. - Plexus Corp provides electronic manufacturing services across various regions including the US, Asia-Pacific, Europe, the Middle East, and Africa [4].