Evolv Technology | August 16, 2022
Evolv Technology, the global leader in AI-based weapons detection security screening, recently surveyed security professionals at Evolv’s customers’ organizations on the topic of transparency and sensitive security information and reports that 96% of the two dozen respondents believe that such information should not be made available to the general public.The need to provide transparency without helping potential attackers is a fundamental paradox of the security industry. While aviation security has clear specifications classified by the Transportation Security Administration in the US and European Civil Aviation Conference in the EU, other venues for which advanced security screening is being used have not yet formalized set standards around transparency.
Evolv is working to set that standard. The company discloses sensitive information only to trusted security partners to prevent the exposure of potential vulnerabilities and compromising customers’ security plans. The Company recently underwent NCS⁴’s operational exercise with its Express® system and earned an overall composite score of 2.84 out of 3 and chose not to make the full report public as part of the Evolv transparency statement. It is a position agreed to by leading security experts as methods of advanced screening continue to be used in more venues around the world.The less that is shared with the general public the better chance we all have at someone not finding a weak point in any security posture,” said one of the survey respondents.
People who say that absolute transparency is best simply don't understand the security business,” said John Pistole, former administrator of the United States TSA and a former deputy director of the Federal Bureau of Investigation. “They apparently don't have an informed perspective or insight into just how determined bad actors are in their efforts to harm individuals, countries, and companies.Security professionals do not want anyone to release information that helps attackers defeat their systems,” said Randy Smith, western region director, Security Detection. “Fans, students, concertgoers, and healthcare workers have a right to their safety. To release sensitive security information is irresponsible and potentially life threatening.
“Similar to cybersecurity and counterterrorism, protecting the methods and means, and sharing them only with trusted security partners is critical to preventing the exposure of potential vulnerabilities. All systems have weaknesses. In aviation, it's illegal for the people who know all the details to share them publicly, Mike Ellenbogen, cofounder and chief innovation officer at Evolv. “Established security experts understand the basic requirement to keep detailed sensitive information away from anybody who might use the information to exploit or attempt to penetrate a physical security system, and that includes the general public. Those who are saying otherwise truly do not understand the industry and are putting the public at risk. Evolv’s mission is to make everywhere safer. Public disclosure of sensitive security information objectively makes people less safe.”
Mike Ellenbogen, cofounder and chief innovation officer at Evolv.
About Evolv Technology
Evolv Technology (NASDAQ: EVLV) is transforming human security to make a safer, faster, and better experience for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered weapons detection and analytics. Its mission is to transform security to create a safer world to work, learn, and play. Evolv has digitally transformed the gateways in places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced systems have scanned more than 250 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. Evolv has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT) as well as the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category. Evolv Technology, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions.
Advanced Space | June 17, 2022
Advanced Space LLC., a leading high-tech space solutions company, announced its presence in New Mexico. The expansion supports the growing aerospace industry and innovation sphere in the Rocky Mountain Region.
Advanced Space selected Q-Station in Albuquerque, for their flexible local office location. Q-Station is a research and development space tech hub, a natural fit for Advanced Space, as this growing small business has doubled its workforce in the last year. The New Mexico presence will also enhance the efforts of Advanced Space with partners such as the U.S. Air Force Research Laboratory where they have a current Cooperative Research And Development Agreement (CRADA) providing cislunar space data from the upcoming CAPSTONE mission.
"We are proud to have Advanced Space join Q Station and look forward to working with them to help it continue to grow. In addition to our unique workspace, we can offer Advanced Space, and other member companies, direct connections to potential government customers and the growing space eco-system here in New Mexico, the United States and abroad."
Alberto Solis, Q Station Program & Operations Director
Advanced Space is recently most known for its pathfinding CAPSTONE mission for NASA set to launch this month. CAPSTONE, Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, will be leading America's return to the Moon and demonstrating key lunar navigation technologies. The cislunar savvy company, has a command of the unique challenges of space domain awareness, navigation, and communications in this critical area.
"Q Station embodies many similar core values of Advanced Space centered around enabling the development of a sustainable space industry," said Bradley Cheetham, CEO of Advanced Space. "The focus on growing a collaborative space community in New Mexico resonates with us and is the foundation for long-term partnerships and collaboration. We are particularly thrilled to have a local base from which to continue our work supporting AFRL."
About Advanced Space
Advanced Space, a non-traditional space prime contractor supports the exploration, development, and settlement of space through software and services that leverage unique subject matter expertise to improve the fundamentals of spaceflight. Advanced Space is dedicated to improving flight dynamics, technology development, and expedited turn-key missions to the Moon, Mars, and beyond. Check out the CAPSTONE mission.
Trive Capital | June 16, 2022
Karman Space & Defense backed by Dallas-based private equity firm Trive Capital has partnered with Cornerstone Research Group, Inc. to acquire the MG Resin family of technologies. The acquisition of MG Resins represents a significant expansion of Karman's core competencies in integrated composite systems for space & defense applications and creates a leading manufacturer in the carbon/carbon market.
The senior leadership team at CRG developed the patented MG family of resins to address the growing need for ultra-high temperature materials with higher char yields, improved processability, and reduced cycle times. CRG designed an innovative solution that will enable the production of best-in-class, high strength carbon-carbon parts at temperatures above 1200 °C.
"We are excited to partner with Karman and believe that their set of differentiated capabilities, capacity and talented team makes them the right strategic partner to deliver the MG Resin value proposition to customers across the space, missile, defense and hypersonic supply chains. We believe that joining forces with Karman will accelerate the commercialization of carbon-carbon technologies and look forward to creating value for customers,"
Patrick Hood, Chief Executive Officer of CR.
"This is a big milestone for Karman," said Tony Koblinksi, Chief Executive Officer of Karman. "CRG's MG Resin systems will allow Karman to offer highly differentiated high-temp materials solutions to our customer base. The MG Resin carbon-carbon technology, along with other CRG-developed resin systems, will serve as the launch point for Karman's broader move into advanced material sciences."
"With this acquisition, Karman can now offer vertically integrated composite systems. We believe that adding leading up-front material science capabilities to our existing design, engineering and manufacturing competencies will further Karman's mission to provide a single point of accountability, reduced lead times and higher quality to OEMs" commented David Stinnett, Partner at Trive Capital.
Monument Capital Partners advised Cornerstone Research Group. Haynes & Boone LLP served as legal counsel to Trive Capital.
Karman Space & Defense is an integrated concept-to-production solutions provider for the space and defense industry's most complex and mission-critical projects. Through its four divisions the company provides solutions for integrated dynamic systems, assemblies, and advanced manufacturing that are used in our industry's most critical programs, including crewed-space flight and hypersonic missions. Headquartered in Huntington Beach, CA, with facilities in Washington, Alabama, and Washington DC, Karman brings together industry-leading capabilities, advanced technologies, and the multi-decade history of its four business divisions, AAE Aerospace, AEC, AMRO, and Systima.
CRG is a high-technology company delivering products and services to aerospace, defense and industrial customers since 1997. Our multidisciplinary teams redefine what is possible to deliver innovative solutions with the support of a network of hundreds of leading technology providers. As result, CRG is a recognized fast-growing leader in innovation and technology commercialization, making the Inc. 5000 for the 7th time in 2020. Our technology portfolio covers a broad range with primary emphasis in aerosystems, power and energy, medical and sensors technology, materials science, and advanced manufacturing.
Trive Capital is a Dallas, Texas based private equity firm with more than $4 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
DEFENSE AND SPACE
Gilat Satellite Networks Ltd. | July 26, 2022
Gilat Satellite Networks Ltd. a worldwide leader in satellite networking technology, solutions, and services, announced that the Company is further expanding its strategic in-flight connectivity partnership in Japan with Intelsat.
Intelsat is augmenting its commercial and business aviation services in Japan to support even higher levels of IFC reliability for air travelers by expanding the network with two additional SkyEdge II-c hubs.
Gilat’s SkyEdge II-c is a proven operational system that allows aviation service providers like Intelsat to streamline service fulfillment and provide a superior user experience to airline passengers.
“These additional hubs from Gilat provide us with the diversity solution needed to deliver the utmost in service availability to our customers. By expanding our capabilities in Japan with Gilat and the SkyEdge II-c IFC solution, we are delivering on our commitment to the Asia Pacific region to provide robust in-flight communications.”
Dave Bijur, Sr. Vice President of Commercial for Intelsat Commercial Aviation
“Demand for air travel is booming. Gilat technology for IFC helps Intelsat to reliably address the increased demand for in-flight communication services,” said Amir Yafe, VP of Mobility & Global Accounts at Gilat. “We value our strong, continuing partnership with Intelsat, and are proud to aid Intelsat’s successful efforts to deliver reliable in-flight connectivity in Japan and beyond.”
As the foundational architects of satellite technology, Intelsat operates the world’s most trusted satellite telecom network. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is building the future of global communications with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless, and secure coverage precisely when and where our customers most need it. Follow the leader in global connectivity and “Imagine Here,” with us, at Intelsat.com.
Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers and Block Upconverters.