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Interesting. First it is a scam company and now it is out of date. Yes Evolv had 85M in sales. But who is doing the scamming? Below are a couple of lawsuits that were
not hard to find. All your posts make sense now. Do you work for Evolv? LOL
https://www.google.com/amp/s/www.wkrn.com/news/local-news/class-action-lawsuit-filed-against-ai-weapons-detection-company-used-in-tennessee-schools-venues-arenas/amp/
https://www.prnewswire.com/
https://www.cityandstateny.com/policy/2024/04/company-behind-gun-detection-tech-previewed-subway-faces-multiple-lawsuits-and-federal-investigations/395394/
You were right a new OS is out. The date changed. 🙂. I do think the OS will increase. 9,729, 828 is pretty small.
I see Homeland Security added Extract One to its list of Qualified devices/ services. Which is gor large venues. If thr Passive Portal get added it will hopefully increase sales. Just my opinion.
You made it almost three months. I guess "last" and "ever" mean different things to different people. I hope you are having great holidays.
Hello Everyone,
Really good discussions here with great insights.
Hopefully this product gets into places to protect people. That is really attracted me to it. I believe it is needed.
Thanks again Diana. I see the difference now. Hopefully DTII can start selling some units.
I have always thought that DTII should market this type of unit to businesses without a high-volume of people entering their business at the same time and already have staff in place that can monitor it.
Evolv's product is better suited for large volumes of people entering at once and much more expensive.
Thanks Diana. This kind of makes sense. This article from 2016 says they had the rights for the technology. If I remember correctly, from a previous article it was for five years.
Also if you look at there most recent patent it is from October 2020, which about five years, and about the time Evolv took off. Maybe DTII lost exclusive rights to the technology, and kept just this scanner and rights to tech, while Evolv earned rights to the tech.
I also remember TSA asked them for a proposal to integrate this technology into scanners for the airport. DTII missed the mark.
The bummer is I have been investing in this since about 2015 and Evolv has done what DTII couldn't and is collecting millions. Expensive lesson.
https://www.globenewswire.com/news-release/2016/11/02/885751/23445/en/Defense-Technologies-International-Corp-Successful-Test-and-Demonstration-of-the-Offender-Alert-Passive-Scan.html
Doesn't DTII own the patent to this technology?
Evolv Express® is an AI-driven system using safe, ultra-low frequency, electromagnetic fields and advanced sensors to detect concealed weapons.
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I agree. This is great news??I have been with this through the split.
It may take a little longer to account for shipping time. The article said they were in the process of finalizing the shipment and it would be 10 days after arrival. I am thinking end of month.
Looks like it. They can move into the facility today, start hiring and set it up. Knowing how many units will help with staffing and funding requests.
Looks like they are looking for more funding.
National Investment Banking Association
Connecting Companies with Funding and Liquidity Sources Since 1982.
9:40 Passive Security Scan (DTII)
Sponsors: Oberon Securities
Hanover International, Inc.
It's good to see the 2.50 a share although this indicates that the recent demonstration did not go as well as they wanted. I was hoping this would've been for production purposes only.
Thus is the type of marketing we have been waiting for. Let's hope it generates sales soon.