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Houston, We Do Not Have a Problem - Knightscope Signs Another Texas Contract
Rhea-AI Impact
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Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Knightscope, Inc (NASDAQ: KSCP) announced a new contract in Houston, Texas, with a client managing over $6 billion in assets and 16,500 apartments in 18 states. The K5 Autonomous Security Robot will help deter crime and improve community safety, drawing on successful implementations like the one at Liberty Village in Las Vegas. This partnership demonstrates Knightscope's commitment to enhancing U.S. security operations.
Positive
New contract in Houston, Texas, enhancing market presence.
Client manages over $6 billion in assets, indicating solid partnership potential.
Implementation of K5 Autonomous Security Robot expected to improve community safety.
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, announced today that it has a new contract in Houston, Texas. This New York based investor, developer, owner and operator has more than 16,500 apartments in 18 states with a national footprint that includes more than $6 billion in assets and identified pipeline. This client prides itself on developing true partnerships to replicate the success of its business practices across its portfolio of properties. Similar to the positive results experienced by Liberty Village in Las Vegas, the K5 Autonomous Security Robot (ASR) will be helping to deter crime and loitering in an effort to create a safer and more secure community.
Houston, We Do Not Have a Problem - Knightscope Signs Another Texas 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.
