Security tech company Omnilert partnered with Evolv Technology (NASDAQ: EVLV) to integrate its artificial intelligence-based visual gun detection software into the Evolv Extend gun detection software.
Announced on Thursday, the software integration would add another layer of flexibility and protection for onsite security operators in case of active shooter incidents.
Omnilert Gun Detect is an advanced AI software designed to rapidly identify firearms within seconds. Once a weapon is confirmed, it triggers a swift response, such as securing doors, alerting law enforcement and notifying staff or students.
This verification process can involve Omnilert’s Monitoring centers, the customer’s own on-site security team or security operations center (SOC) or even a preferred third-party service. The intelligence gathered is promptly disseminated through various channels, including desktop, mobile and web applications, video management systems and control room platforms.
In the case of Evolv Extend, potential threats are immediately communicated to on-site security personnel stationed near the Evolv Express system. These alerts not only include textual information but also provide both images and video feeds of the potential threat, empowering security professionals to quickly implement emergency protocols to mitigate the risk.
“Research has shown that 70 percent of active shooting events happen outside a building, and in many other cases, the gunman has the weapon visible as they walk up to the front door,” said Dave Fraser, CEO at Omnilert.
“By integrating our software with cameras located around the perimeter, Evolv customers will now be empowered to stop a gunman before they open fire or enter the premises, providing advance warning to those inside the building and potentially saving many lives.”
Global physical security market growing at 6.8% annually
The global physical security market, which involves keeping places safe from things like crime, vandalism, theft and fires, was worth about $127 billion in 2022, according to a report from market analysis firm Grandview Research. It’s predicted to grow at a 6.8 per cent compound annual growth rate from 2023 to 2030, spurred primarily by the rise in demand for physical security.
A few other companies taking advantage of this developing market include Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL), with its SmartGateway and SafeGateway lines of unobtrusive weapon’s detection gateways. Also, Liberty Defense Technologies (TSXV: SCAN) (OTCQB: LDDFF) with its AI-based weapons detection interface, Hexwave.