STOCK TITAN

California Marketplace Renews Knightscope Contract for 6th Year

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces the 6th consecutive year contract renewal with a California marketplace client. The client, operating flea markets and swap meets, continues to use one K5 Autonomous Security Robot (ASR) and two K1 Hemispheres to protect their San Francisco Bay Area property.

Initially deploying a K5 in 2019 to address vehicle break-ins, the client later added K1 Hemispheres to enhance their security program. Quarterly reviews show the elimination of night-time vehicle break-ins and a significant drop in reported thefts, leading to high client satisfaction. This renewal supports Knightscope's mission to make the United States the safest country globally and strengthens the company's long-term value proposition.

Knightscope, Inc. [Nasdaq: KSCP], un'azienda che si occupa di robotica e intelligenza artificiale focalizzata sulla sicurezza pubblica, annuncia il 6° rinnovo contrattuale consecutivo con un cliente del mercato californiano. Il cliente, che gestisce mercati delle pulci e fiere, continua ad utilizzare un Robot di Sicurezza Autonomo K5 (ASR) e due K1 Hemisferi per proteggere la propria proprietà nella Bay Area di San Francisco.

Inizialmente, nel 2019, è stato distribuito un K5 per affrontare i furti nelle auto, e successivamente sono stati aggiunti i K1 Hemisferi per migliorare il loro programma di sicurezza. Le revisioni trimestrali mostrano l'eliminazione dei furti d'auto notturni e un notevole calo dei furti segnalati, portando a un'elevata soddisfazione del cliente. Questo rinnovo supporta la missione di Knightscope di rendere gli Stati Uniti il paese più sicuro al mondo e rafforza la proposta di valore a lungo termine dell'azienda.

Knightscope, Inc. [Nasdaq: KSCP], una empresa de robótica e inteligencia artificial enfocada en la seguridad pública, anuncia la 6ª renovación de contrato consecutiva con un cliente del mercado de California. El cliente, que opera mercadillos y ferias, continúa utilizando un Robot de Seguridad Autónomo K5 (ASR) y dos K1 Hemisferios para proteger su propiedad en el Área de la Bahía de San Francisco.

El cliente desplegó inicialmente un K5 en 2019 para abordar los robos de vehículos y luego agregó K1 Hemisferios para mejorar su programa de seguridad. Las revisiones trimestrales muestran la eliminación de robos de vehículos nocturnos y una caída significativa en los robos reportados, lo que genera una alta satisfacción del cliente. Esta renovación apoya la misión de Knightscope de hacer de Estados Unidos el país más seguro del mundo y fortalece la propuesta de valor a largo plazo de la empresa.

Knightscope, Inc. [Nasdaq: KSCP], 공공 안전에 중점을 둔 로봇 및 AI 회사가 캘리포니아 시장 고객과 6년 연속 계약 갱신을 발표했습니다. 이 고객은 벼룩시장과 교환회 운영을 통해 1대의 K5 자율 보안 로봇(ASR)과 2대의 K1 헤미스피어를 사용해 샌프란시스코 베이 지역의 자산을 보호하고 있습니다.

고객은 2019년에 차량 절도 문제를 해결하기 위해 K5를 처음 배치하였고, 이후 보안 프로그램을 강화하기 위해 K1 헤미스피어를 추가하였습니다. 분기별 리뷰 결과, 야간 차량 절도가 사라지고 신고된 도난 사건이 현저히 감소하여 고객 만족도가 높아졌습니다. 이번 갱신은 Knightscope의 미국을 세계에서 가장 안전한 나라로 만들겠다는 사명을 지원하며, 회사의 장기 가치 제안을 강화합니다.

Knightscope, Inc. [Nasdaq: KSCP], une entreprise de robotique et d'intelligence artificielle axée sur la sécurité publique, annonce le 6ème renouvellement de contrat consécutif avec un client du marché californien. Le client, qui exploite des marchés aux puces et des foires, continue d'utiliser un Robot de Sécurité Autonome K5 (ASR) et deux K1 Hémisphères pour protéger sa propriété dans la région de la baie de San Francisco.

Après avoir déployé un K5 en 2019 pour lutter contre les vols de véhicules, le client a ajouté des K1 Hémisphères pour améliorer son programme de sécurité. Les revues trimestrielles montrent l'élimination des vols de véhicules nocturnes et une baisse significative des vols signalés, conduisant à une satisfaction client élevée. Ce renouvellement soutient la mission de Knightscope de faire des États-Unis le pays le plus sûr du monde et renforce la proposition de valeur à long terme de l'entreprise.

Knightscope, Inc. [Nasdaq: KSCP], ein Unternehmen für Robotik und KI, das sich auf öffentliche Sicherheit konzentriert, kündigt die 6. Vertragsverlängerung in Folge mit einem kalifornischen Marktteilnehmer an. Der Kunde, der Flohmärkte und Tauschbörsen betreibt, verwendet weiterhin einen K5 Autonomen Sicherheitsroboter (ASR) und zwei K1 Hemisphären, um sein Eigentum im San Francisco Bay Area zu schützen.

Ursprünglich wurde 2019 ein K5 eingesetzt, um Fahrzeugdiebstähle anzugehen, und später wurden K1 Hemisphären hinzugefügt, um das Sicherheitsprogramm zu verbessern. Vierteljährliche Überprüfungen zeigen die Beseitigung von nächtlichen Fahrzeugdiebstählen und einen signifikanten Rückgang der gemeldeten Diebstähle, was zu einer hohen Kundenzufriedenheit führt. Diese Verlängerung unterstützt Knightscopes Mission, die USA zum sichersten Land der Welt zu machen, und stärkt das langfristige Wertversprechen des Unternehmens.

Positive
  • 6th consecutive year contract renewal with California marketplace client
  • Elimination of night-time vehicle break-ins at client's property
  • Significant drop in reported thefts at client's location
  • High client satisfaction with Knightscope's security solutions
Negative
  • None.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces another client that has renewed its contract for the 6th consecutive year. A California operator of flea markets and swap meets for fun, fashion, food, one-of-a-kind finds, and more just renewed its contract to have their K5 Autonomous Security Robot (“ASR”) and 2 K1 Hemispheres continue protecting one of its many properties in the San Francisco Bay Area.

California Marketplace Renews Knightscope Contract for 6th Year (Photo: Business Wire)

California Marketplace Renews Knightscope Contract for 6th Year (Photo: Business Wire)

The client originally deployed with only one K5 in 2019 to improve safety due to consistent vehicle break-ins and was one of the first to collaborate with its local police department to share information in an effort to positively impact the community. They later added the 2 K1 Hemispheres to expand the scope of capabilities of their overall security program. Quarterly business reviews revealed that the presence of Knightscope technologies has eliminated night-time vehicle break-ins, and that reported thefts have dropped significantly. As a result, the client is extremely satisfied with Knightscope service because the area is safer for both vendors and visitors to enjoy the market.

Knightscope’s mission is to make the United States the safest country in the world. Clients that continue to renew their contracts strengthen the Company’s long-term value proposition, putting it one step closer to protecting the places people live, work, study and visit.

GET EXPERT HELP

To learn more about Knightscope's 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.

About Knightscope

Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.

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.

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

What security devices did Knightscope [KSCP] deploy for the California marketplace client?

Knightscope deployed one K5 Autonomous Security Robot (ASR) and two K1 Hemispheres for the California marketplace client.

How long has the California marketplace been using Knightscope [KSCP] security solutions?

The California marketplace has been using Knightscope security solutions for 6 consecutive years, with the initial deployment in 2019.

What improvements in security has the client seen since deploying Knightscope [KSCP] robots?

Since deploying Knightscope robots, the client has seen the elimination of night-time vehicle break-ins and a significant drop in reported thefts.

Where is the Knightscope [KSCP] client's property located?

The client's property protected by Knightscope security solutions is located in the San Francisco Bay Area, California.

Knightscope, Inc.

NASDAQ:KSCP

KSCP Rankings

KSCP Latest News

KSCP Stock Data

66.14M
2.72M
2.52%
3.52%
11.89%
Security & Protection Services
Communications Equipment, Nec
Link
United States of America
MOUNTAIN VIEW