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Knightscope, Inc. (symbol: KSCP) is a leading-edge security technology company based in Silicon Valley specializing in the design, development, and deployment of Autonomous Security Robots (ASRs). These sophisticated robots are an integral part of Knightscope's broader platform that blends robotics, predictive analytics, and collaborative social engagement aimed at predicting and preventing crime.
The company's ASRs, such as the K5, are autonomous machines equipped with a wide array of sensors to monitor their environments, providing a visible and commanding presence in public places where security is a priority. Each ASR can generate over 90 terabytes of data annually, communicating with the Knightscope Security Operations Center (KSOC) in real-time via a secure wireless network. The KSOC provides a browser-based user interface that allows for immediate alerts of any unusual or suspicious activity.
Knightscope offers its products on a Machine-as-a-Service (MaaS) basis, allowing clients to deploy these advanced security solutions at a cost-effective rate of $6.25 per hour, per machine, available for 24/7 deployment over one, two, or three-year terms. Currently, the K5 model is available for pre-order to select customers in Silicon Valley, catering to outdoor environments such as corporate campuses and data centers.
Beyond robots, Knightscope also develops and supports autonomous charging stations, proprietary software interfaces, and emergency communication devices. These technologies together create an ecosystem that ensures continuous data collection and comprehensive security coverage, both indoors and outdoors.
Knightscope's innovative approach to security has garnered significant attention, resulting in various partnerships and ongoing projects aimed at enhancing public safety. By leveraging cutting-edge technology, Knightscope remains at the forefront of the security industry, offering solutions that not only enhance safety but also streamline security operations for their clients.
Knightscope (KSCP) announces a partnership with Verizon Business to provide connectivity for its K5 security robots and K1 emergency communication devices. The K5 autonomous security robot has received FedRAMP Authority to Operate designation from the U.S. Department of Veterans Affairs. The collaboration integrates Verizon's 4G LTE connectivity with plans for 5G integration, enabling real-time data transmission and monitoring capabilities. The K5 ASR is designed for 24/7 autonomous patrol in outdoor spaces, while K1 devices provide emergency communication solutions with features including voice connectivity and broadcast alerts.
Knightscope (KSCP) announces significant business expansion with 14 new sales, 10 client renewals, and 4 new deployments of its K5 Autonomous Security Robot. The company's growth spans across 11 states, with three sales coming from existing clients expanding their agreements. The deployments strengthen Knightscope's Machine-as-a-Service business model, serving diverse markets including corporate campuses, universities, hospitality, local government, and military bases. Additionally, Knightscope announces its Robot Roadshow event at Quantum Park in Ashburn, VA, scheduled for November 13, 2024.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, has secured two new Full Service Maintenance Plan (FSMP) contracts from existing healthcare clients in Connecticut and New York. These contracts are for the company's K1 devices, which are part of a communication system designed to enhance safety in healthcare facilities.
The K1 devices provide a important lifeline in remote areas, addressing the complex safety challenges faced by healthcare facilities, including potential acts of violence, crime, and issues related to mental health and drug dependency. The FSMP ensures high client satisfaction by maintaining reliable and operationally sound equipment.
Knightscope's involvement in these healthcare campuses aims to protect staff, patients, families, and visitors. The company encourages U.S. hospitals and healthcare professionals seeking innovative security solutions to book a discovery call or meeting at www.knightscope.com/discover.
Knightscope, Inc. [Nasdaq: KSCP] announces three new expansion contracts for its Emergency Communication Devices (ECDs) and related services. A Vermont law school added the Knightscope Emergency Management System (KEMS) for 2 K1 Blue Light Towers, a Pennsylvania university purchased an additional K1 Blue Light Tower, and a southern California university renewed its Full Service Maintenance Plan (FSMP) for all campus Knightscope ECDs.
The K1 ECDs provide one-touch access to police, fire, and EMS services, enhancing campus safety. KEMS and FSMP offer operational confidence through automated daily email reports on system status, eliminating the need for manual testing. These expansions highlight the growing importance of emergency communications in creating secure educational environments.
Knightscope, Inc. [Nasdaq: KSCP] announces that its Authorized Partner, Transportation Solutions & Lighting, Inc. (NSS/TS&L), has issued purchase orders for 37 Emergency Communication Devices (ECDs). These orders include:
1. 20 K1 Blue Light Towers and 10 K1 Blue Light E-Phones for a Florida university
2. 4 K1 Blue Light Towers for a South Georgia not-for-profit medical center
3. 3 K1 Blue Light Towers for TS&L's inventory
The ECDs are designed to enhance public safety and provide emergency assistance through voice-to-voice communication using cellular or satellite networks. They are suitable for various settings, including educational institutions and healthcare facilities, offering both hardwired and wireless solutions.
Knightscope, Inc. [Nasdaq: KSCP] announces the renewal and expansion of emergency communication contracts with the New York City Fire Department (FDNY) and the Port Authority of New York and New Jersey (PANYNJ). The FDNY renewed its service agreement for K1 Call Boxes, while PANYNJ added a Full Service Maintenance Plan (FSMP) for 8 K1 Call Boxes on the George Washington Bridge.
Knightscope's K1 emergency call boxes provide reliable, one-touch communication with emergency services, offering exact location data and functioning even when cell phone service is unavailable. A recent life-saving event on the George Washington Bridge prompted further investment in the program. The FSMP ensures operational confidence through service maintenance support and software, enhancing public safety in New York City and surrounding areas.
Knightscope, Inc. [Nasdaq: KSCP] announces three new expansion contracts for its Emergency Communication Devices (ECDs). Counties in California, Tennessee, and Virginia are scaling up existing contracts to include additional devices and long-term ECD services.
Key expansions include:
- A northern California county adding 25 K1 Retrofit Kits to replace legacy competitive products
- A Tennessee county client adding a Full Service Maintenance Plan (FSMP) for 10 K1 Blue Light Towers
- A Virginia client adding a K1 Blue Light Tower, FSMP, and the Knightscope Emergency Management System (KEMS) program
These expansions aim to enhance public safety by providing reliable, one-touch access to emergency services and automated system monitoring.
Knightscope, Inc. [Nasdaq: KSCP], a company focused on robotics and artificial intelligence technologies for public safety, has announced that it has regained full compliance with Nasdaq's listing standards. The company received a letter from Nasdaq on October 1, 2024, confirming its compliance with the minimum bid price requirement.
Previously, on June 4, 2024, Knightscope was granted an extension by a Nasdaq Hearings Panel to comply with Listing Rule 5550(a)(2), which required the company to maintain a minimum bid price of $1 per share for at least 10 consecutive trading days. The company successfully met this requirement from September 16, 2024, through September 30, 2024, leading to the closure of the compliance matter.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces the expansion of its services with three existing clients. The company has deployed additional K5 Autonomous Security Robots (ASRs) at a hotel in Louisville, KY, a casino in Kansas City, KS, and a storage facility in Richmond, CA.
The Louisville hotel deployment marks the fifth K5 ASR for The Car Park, a Knightscope Authorized Partner. The Kansas City casino deployment is part of a larger master agreement announced in 2023, enabling expansion to 43 properties across the US. The Richmond storage facility deployment is the fifth location for one of the fastest-growing self-storage platforms in the US.
These K5 ASRs are designed to enhance safety, deter illicit activities, and serve as brand ambassadors. They offer features such as interactive experiences, conspicuous lighting, broadcast messages, and patrol sounds.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces that four clients have upgraded to the fifth generation of its K5 Autonomous Security Robot (K5v5). The clients include two casinos, a Class-A twin-tower office complex, and a storage facility. The K5v5 is faster to build, improves quality, and is easier to service. When combined with Knightscope's Risk & Threat Exposure (RTX) enhancement, it strengthens on-site performance and reliability, increasing client value and satisfaction.
Additionally, Knightscope's Robot Roadshow will be in Irving, Texas on October 3-4, 2024, at the Wealth & Passive Income Expo. The Roadshow allows potential clients and the public to experience Knightscope's self-driving, electric technologies through expert-led demonstrations in a climate-controlled pod.
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