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Casino Renews Knightscope Agreement for Third Year
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Rhea-AI Summary
Knightscope, Inc (NASDAQ: KSCP) has successfully renewed its contract with a California casino for their Autonomous Security Robots (ASR) for a third year. Initially deployed during the pandemic, the K3 ASR proved essential for supplementing guard services. As operations normalized, Knightscope collaborated with the casino to evaluate their security needs and determined that a K1 ASR would better serve their long-term objectives. This renewal highlights Knightscope's commitment to customer service and its versatile product offerings.
Positive
Contract renewal with a California casino for a third consecutive year.
Transition from K3 to K1 ASR aligns with client’s evolving security needs.
Negative
None.
Public Safety Innovator Continues Market Expansion
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Knightscope, Inc. [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced that a California casino has renewed its Autonomous Security Robot (ASR) contract for a third year. This client originally deployed a K3 ASR following the onset of the pandemic. Once gaming establishments were approved to reopen, the K3 supplemented guard services at a time when filling certain rolls proved to be a challenge. As operations slowly returned to normal, Knightscope and its client worked closely together to examine the use cases in which ASRs were most beneficial and subsequently identified that a K1 ASR would better suit the long-term needs of the casino. This is a prime example of the emphasis Knightscope places on exemplary customer service and where having a suite of products addressing multiple applications gives clients the option to adapt to changing situations.
Casino Renews Knightscope Agreement for Third Year (Photo: Business Wire)
About Knightscope
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s 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. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.
Forward Looking Statements
This press release may contain ”forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. 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. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021. 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.
What does the contract renewal with the California casino signify for Knightscope (KSCP)?
The contract renewal signifies a successful relationship and trust in Knightscope's Autonomous Security Robots, paving the way for future opportunities.
How long is Knightscope's contract with the California casino?
The contract with the California casino has been renewed for a third year.
What type of robots does Knightscope provide to the casino?
Knightscope provides Autonomous Security Robots, initially deploying the K3 model and transitioning to the K1 model.
What challenges led to the deployment of Knightscope's security robots in the casino?
The challenges included filling certain guard roles during the pandemic when gaming establishments were allowed to reopen.
