Knightscope Achieves U.S. Federal Government FedRAMP “In-Process” Rating

Rhea-AI Summary

Knightscope, Inc. has achieved the “In-Process” stage for the Federal Risk and Authorization Management Program (FedRAMP), a significant milestone for security technology providers. This certification allows Knightscope to engage in discussions with federal agencies to provide cloud-based security services. Over 17 months, their cybersecurity team developed a secure environment which was rigorously tested, leading to their listing as a service provider for a Government Law Enforcement Agency. Only 83 companies have reached this stage, highlighting the competitive nature of receiving an Authority to Operate.

Positive

• Achieved 'In-Process' stage for FedRAMP, enabling potential federal contracts.
• Only 83 companies have reached this stage, indicating a strong competitive position.
• Developed a secure environment specifically for U.S. Government clients.

Negative

• None.

Public Safety Innovator Pursuing Authority to Operate (“ATO”)

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 has achieved the “In-Process” stage for the Federal Risk and Authorization Management Program (FedRAMP). FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services.

Knightscope Achieves U.S. Federal Government FedRAMP “In-Process” Rating (Photo: Business Wire)

Over the last 17 months, Knightscope’s cyber security team has been working tirelessly to build a secure, hardened environment to solely support U.S. Government clients. Knightscope successfully built, from the ground up, a strictly controlled version of Knightscope’s product offering. The secured environment was tested by a FedRAMP authorized Third Party Assessment Organization. Knightscope’s product was tested using the latest cyber technologies and it was found that the ASR itself was too secure to enter without the Company’s assistance. In light of these results, Knightscope has now been listed as a service provider and may commence discussions with government agencies about providing services to federal authorities.

"One of the key roles of government is to protect its citizens, so it is critical that we provide them with the most advanced public safety technologies available,” said Mercedes Soria, EVP and Chief Intelligence Officer, Knightscope, Inc. “The FedRAMP process is arduous, but we believe it is a great investment of time and resources as it ensures our cybersecurity efforts are top notch. I'm looking forward to continuing to build even more cutting-edge technology to support our mission to make America the safest country in the world."

Any organization with cloud-based services wishing to do business with the federal government must complete the FedRAMP process to obtain an Authority to Operate (“ATO”). At the time of this release, only 262 such ATOs have been issued and only 83 companies have reached the “In-Process” stage. The team’s solid work resulted in the acceptance of Knightscope’s service offering for a Government Law Enforcement Agency, and Knightscope is now listed on the FedRAMP Government Market Place.

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/20220606005413/en/

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

Source: Knightscope, Inc.

FAQ

What is Knightscope's achievement in the FedRAMP process?

Knightscope has achieved the 'In-Process' stage in the FedRAMP process, allowing it to discuss potential contracts with federal agencies.

What does the 'In-Process' status mean for Knightscope?

The 'In-Process' status indicates that Knightscope is on track to provide secure cloud services to the federal government.

How many companies have reached the 'In-Process' stage in FedRAMP?

As of this release, only 83 companies have reached the 'In-Process' stage in the FedRAMP process.

What is the significance of Knightscope being listed as a service provider?

Being listed as a service provider allows Knightscope to engage in discussions with government agencies about providing services to federal law enforcement.

How long did Knightscope take to achieve the FedRAMP status?

Knightscope's cybersecurity team worked for 17 months to achieve the 'In-Process' stage for FedRAMP.