Global Commercial Real Estate Broker Contracts with Knightscope (Nasdaq: KSCP)

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has secured its first contract in Illinois, partnering with a leading commercial real estate services company to deploy its K5 Autonomous Security Robot at a prominent skyscraper in Chicago. This initiative aims to enhance property security, addressing vulnerabilities like property damage that impact the reputation of management, tenants, and visitors. The real estate sector contributes over 10% to the U.S. GDP and employs more than 2 million people, making advanced security solutions essential for the industry’s stability.

Positive

• First contract secured in Illinois, expanding Knightscope's market presence.
• Deployment of K5 Autonomous Security Robot at a significant Chicago property enhances reputation and security.

Negative

• None.

Public Safety Innovator Continues Market Expansion with First Illinois Contract

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announces that one of the largest commercial real estate services companies in the world has reached an agreement to engage Knightscope’s K5 Autonomous Security Robot (ASR) patrols for a prominent Chicago skyscraper. This is Knightscope’s first contract in Chicago and the state of Illinois.

Global Commercial Real Estate Broker Contracts with Knightscope (Nasdaq: KSCP) (Photo: Business Wire)

The real estate, renting and leasing industry employs over 2 million people and is one of the largest sectors in the U.S. economy, accounting for over 10% of the country’s GDP. One of its top vulnerabilities is property damage, which affects management’s reputation with office building personnel, tenants and visitors. Commercial property security services must incorporate advanced technologies like Knightscope’s to deliver a more comprehensive solution specifically tailored to the client’s unique needs.

Knightscope is honored to have been selected to apply its years of deep knowledge and understanding of the commercial real estate sector to protect this iconic Chicago landmark.

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 the company 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. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended Dec. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220922005373/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025



Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

Source: Knightscope

FAQ

What contract did Knightscope (Nasdaq: KSCP) secure in Illinois?

Knightscope secured its first contract in Illinois to deploy its K5 Autonomous Security Robot at a prominent skyscraper in Chicago.

How does Knightscope's contract impact the security services market?

The contract with a major commercial real estate company enhances Knightscope's presence in the market, showcasing the importance of advanced security technologies.

When was the Knightscope contract in Chicago announced?

The contract was announced on September 22, 2022.