Global Fortune 1000 Hotel & Resort Chain Signs Another Knightscope Contract

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has secured its second contract from a Fortune 1000 hotel brand, previously signed in February 2022 for a Seattle location. The new agreement involves deploying a K5 Autonomous Security Robot at a hotel on the Big Island of Hawaii. This continued partnership highlights Knightscope’s growth in the hospitality sector, following a successful presence at a general managers conference in Orlando, Florida. With over 5,000 properties in the U.S., the company anticipates further expansion opportunities.

Positive

• Secured second contract with a Fortune 1000 hotel brand.
• Deployment of K5 Autonomous Security Robot at a new location.
• Successful attendance at an industry conference leading to contract acquisition.

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 it received its second contract from a major US-based hotel brand. This Fortune 1000 hospitality company signed its first agreement in February 2022 for a Seattle property. The newest location set to add a K5 Autonomous Security Robot (ASR) to its public safety team is on the Big Island of Hawaii. The Knightscope Robot Roadshow was present for the client’s bi-annual gathering of its general managers held in Orlando, Florida in May. With over 5,000 properties in its native US market, the conference was highly attended and directly resulted in the acquisition of the latest contract. Knightscope is proud to be associated with such a powerful brand and optimistically anticipates expansion to more properties.

Global Fortune 1000 Hotel & Resort Chain Signs Another Knightscope Contract (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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220712005590/en/

Donna Loughlin Michaels, LMGPR, (408) 393-5575

Source: Knightscope, Inc.

FAQ

What contract did Knightscope announce on July 12, 2022?

Knightscope announced a second contract with a Fortune 1000 hotel brand to deploy a K5 Autonomous Security Robot.

Which hotel location is Knightscope's new contract for?

The new contract is for a hotel on the Big Island of Hawaii.

When was Knightscope's first contract signed with the hotel brand?

The first contract was signed in February 2022.

What is the significance of the Orlando conference for Knightscope?

The Orlando conference led to the acquisition of the new contract, showcasing Knightscope's growing market presence.

How many properties does the hotel brand have in the U.S.?

The hotel brand has over 5,000 properties in the U.S.