14 Sales, 10 Renewals and 4 New Deployments
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 (KSCP) annuncia una significativa espansione commerciale con 14 nuove vendite, 10 rinnovi di clienti e 4 nuove implementazioni del suo Robot di Sicurezza Autonomo K5. La crescita dell'azienda si estende in 11 stati, con tre vendite provenienti da clienti esistenti che stanno ampliando i loro contratti. Le implementazioni rafforzano il modello di business Machine-as-a-Service di Knightscope, servendo diversi mercati tra cui campus aziendali, università, ospitalità, governo locale e basi militari. Inoltre, Knightscope annuncia il suo evento Robot Roadshow presso il Quantum Park di Ashburn, VA, programmato per il 13 novembre 2024.
Knightscope (KSCP) anuncia una expansión empresarial significativa con 14 nuevas ventas, 10 renovaciones de clientes y 4 nuevos despliegues de su Robot de Seguridad Autónomo K5. El crecimiento de la empresa se extiende a 11 estados, con tres ventas provenientes de clientes existentes que están ampliando sus contratos. Los despliegues refuerzan el modelo de negocio Machine-as-a-Service de Knightscope, sirviendo a diversos mercados incluyendo campus corporativos, universidades, hospitalidad, gobiernos locales y bases militares. Además, Knightscope anuncia su evento Robot Roadshow en Quantum Park en Ashburn, VA, programado para el 13 de noviembre de 2024.
나이츠코프(KSCP)는 14건의 신규 판매, 10건의 고객 갱신, 4건의 신규 배치로 자율 보안 로봇 K5의 사업 확장을 발표했습니다. 회사의 성장은 11개 주에 걸쳐 있으며, 그 중 3건의 판매는 기존 고객들이 계약을 확대하는 데서 나왔습니다. 이러한 배치는 나이츠코프의 머신-아즈-어-서비스 비즈니스 모델을 강화하며, 기업 캠퍼스, 대학, 환대업, 지방 정부 및 군 기지를 포함한 다양한 시장에 서비스를 제공합니다. 또한, 나이츠코프는 2024년 11월 13일에 버지니아주 애쉬번의 퀀텀 파크에서 개최될 로봇 로드쇼 이벤트를 발표했습니다.
Knightscope (KSCP) annonce une expansion commerciale significative avec 14 nouvelles ventes, 10 renouvellements de clients et 4 nouveaux déploiements de son Robot de Sécurité Autonome K5. La croissance de l'entreprise s'étend sur 11 États, avec trois ventes provenant de clients existants qui élargissent leurs contrats. Les déploiements renforcent le modèle commercial Machine-as-a-Service de Knightscope, desservant divers marchés, y compris les campus d'entreprise, les universités, l'hôtellerie, les collectivités locales et les bases militaires. De plus, Knightscope annonce son événement Robot Roadshow au Quantum Park à Ashburn, VA, prévu pour le 13 novembre 2024.
Knightscope (KSCP) kündigt eine bedeutende Geschäftserweiterung mit 14 neuen Verkäufen, 10 Kundenverlängerungen und 4 neuen Einsätzen seines K5 Autonomen Sicherheitsroboters an. Das Wachstum des Unternehmens erstreckt sich über 11 Bundesstaaten, wobei drei Verkäufe von bestehenden Kunden stammen, die ihre Verträge erweitern. Die Einsätze stärken das Geschäftsmodell Machine-as-a-Service von Knightscope und bedienen vielfältige Märkte, darunter Unternehmenscampus, Universitäten, Gastgewerbe, Kommunalverwaltungen und Militärstützpunkte. Darüber hinaus kündigt Knightscope sein Robot Roadshow-Event im Quantum Park in Ashburn, VA, an, das für den 13. November 2024 geplant ist.
- 14 new device sales, including 3 from existing client expansions
- 10 client contract renewals demonstrating customer satisfaction
- 4 new deployments of fifth generation K5 ASR
- Geographic expansion across 11 states
- Market diversification across multiple sectors
- None.
Insights
The announcement of 14 new sales, 10 contract renewals and 4 new deployments demonstrates positive commercial momentum for Knightscope. The mix of new and expansion sales from existing clients indicates growing market acceptance and product validation. Contract renewals are particularly significant as they represent recurring revenue and customer satisfaction. The geographic diversity across 11 states suggests broad market penetration. However, without specific financial details or contract values, it's difficult to quantify the revenue impact. The company's Machine-as-a-Service model should provide stable recurring revenue, though the small market cap of
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Knightscope announces 14 contracts, 10 renewals and 4 new deployments. (Photo: Business Wire)
Knightscope attributes the growth in deliveries and long-term stability to clients in fast growing markets such as corporate campuses, colleges/universities, hospitality, local government and military bases. The Company anticipates future opportunities to expand its footprint at individual clients as well as their respective markets given the highly visible nature of these technologies. Deployment locations will span the
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Fourteen new devices were sold, three of which were from clients expanding existing agreements reflecting the ongoing growth of client needs coupled with Knightscope’s commitment to their long-term success. These strengthened relationships lead to improved collaboration, refinements in use cases, and potential referrals or expanded business opportunities.
Ten clients renewed contracts to enable ongoing services in the interest of public safety. Contract renewals are far from routine as they reflect the Company’s ability to foster growth, stability, and enhanced collaboration within its existing client base, and each contract renewal is a testament to client satisfaction and trust in Knightscope as a true provider of safety technologies.
Finally, four new deployments of Knightscope’s all-new, fifth generation K5 Autonomous Security Robot (“ASR”), the Company’s flagship device dedicated to securing the places people live, work, study and visit, strengthens the validity of its white-glove, Machine-as-a-Service business model. Risk & Threat Exposure (“RTX”) monitoring also elevates the real-time delivery of public safety information to clients, raising overall value and satisfaction at these locations.
GET EXPERT HELP
To learn more about portfolio of public safety technologies, including the recently announced K1 Laser or any of its Autonomous Security Robot, Blue Light Emergency Communication System or Automated Gunshot Detection Services, book a discovery call or demonstration today at www.knightscope.com/discover.
VERIZON HOSTS KNIGHTSCOPE’S ROBOT ROADSHOW IN
Knightscope’s Robot Roadshow will be landing at Quantum Park in
The Robot Roadshow is an engaging experiential event, allowing potential clients and the general public to participate in expert-led demonstrations in a climate controlled, space-age “pod” where attendees may experience the self-driving, electric technologies that are already helping protect the places people live, work, study and visit. Visitors will be able to interact directly with Autonomous Security Robots, test a blue light emergency phone, learn about Automated Gunshot Detection, and see the Knightscope Security Operations Center (KSOC) user interface in action. Those wishing to attend must book a Pod visit here in advance..
About Knightscope
Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107422260/en/
Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
Source: Knightscope
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