Evolv selects Plexus as new strategic contract manufacturing partner

Evolv (EVLV) announced it has entered into a strategic contract manufacturing partnership with Plexus (PLXS). Evolv said the new partnership helps position it to meet growing demand while enhancing visibility 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 enabling of the next phase of growth by providing increased capacity and expertise, a scalable platform to support global expansion through Plexus’ international production network, it creates long-term cost-saving opportunities via Plexus’ global manufacturing scale and procurement efficiencies, facilitates new market opportunities through Plexus’ sustaining services solution, and 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 CEO, Evolv Technology. “This is an important partnership that strengthens our ability to capitalize on the growing demand for advanced security screening solutions.”