If You Build It… They Will Come - Another Knightscope Casino Contract

Rhea-AI Summary

Knightscope, Inc (NASDAQ: KSCP) has announced a significant expansion in its market presence with the signing of a second contract for its K5 Autonomous Security Robot (ASR) from a major U.S. casino operator. This contract, following the first secured in Las Vegas, will see the K5 deployed in an Iowa casino to enhance security and deter criminal activity. The success of these contracts is linked to Knightscope's engaging Robot Roadshow, demonstrating the technology's effectiveness in real-life scenarios.

Positive

• Secured a second contract for K5 Autonomous Security Robot from a major U.S. casino operator.
• The K5 robot will patrol an Iowa casino, enhancing security and monitoring for potential threats.
• Success in securing contracts attributed to Knightscope's engaging Robot Roadshow, demonstrating technology effectiveness.

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 a leading US-based operator of casinos and gaming facilities with more than three dozen casino locations has signed its second contract for a K5 Autonomous Security Robot (ASR) - the first was in Las Vegas, NV. The latest agreement is for the K5 to patrol the parking lots of an Iowa casino and hotel to deter criminal activity, as well as trespassers, and monitor the flow of people of interest, be they VIPs or known threats. These two sales may also be attributed to Knightscope’s Robot Roadshow where the client was able to follow up their initial demonstration of the technology with an in-person visit with the robots at the Company’s space-age, NASA-like “pod” touring the U.S. The Roadshow helps prospective users of Knightscope’s technologies confirm in a fun and engaging way that what they saw in a virtual demo works in real-life to get real results.

If You Build It… They Will Come - Another Knightscope Casino 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/20220607005624/en/

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

Source: Knightscope, Inc.

FAQ

What is the latest Knightscope contract about?

Knightscope has signed a second contract for its K5 Autonomous Security Robot with a U.S. casino operator to enhance security at an Iowa casino.

Where was the first K5 contract signed?

The first contract for the K5 Autonomous Security Robot was signed in Las Vegas, NV.

What is the purpose of the K5 Autonomous Security Robot?

The K5 is designed to deter criminal activity, monitor for trespassers, and manage the flow of people at its deployment location.

How does Knightscope demonstrate its technology?

Knightscope showcases its technology through the Robot Roadshow, allowing clients to experience the K5's capabilities in person.