Knightscope Announces All-New K1 Laser Product
Knightscope [Nasdaq: KSCP] has unveiled the K1 Laser, a new product targeting the 80+ million security camera market. This lidar-based technology detects people and objects, offering enhanced situational awareness for improved safety in various settings. The K1 Laser can be installed on fixed infrastructure or combined with Knightscope's K1 portfolio of stationary technologies.
Key features include:
- Advanced monitoring and safety technology
- Operation in adverse weather and low/no light conditions
- Integration with lidar-based perception software
- Potential to reduce false alarms and missed events by up to 95%
The K1 Laser complements Knightscope's existing Autonomous Security Robots (ASR) business, expanding its stationary product line in the public safety sector.
- Introduction of new K1 Laser product targeting large security camera market
- Advanced lidar-based technology offering enhanced situational awareness
- Potential to reduce false alarms and missed events by up to 95%
- Expansion of product line complementing existing Autonomous Security Robots business
- None.
Insights
Knightscope's launch of the K1 Laser device is intriguing due to its integration of lidar technology, which stands for Light Detection and Ranging. Lidar provides detailed and high-resolution 3D images by measuring distances using laser light reflections. This technology's ability to operate under adverse weather and low-light conditions makes it a strong contender in the security market, especially for perimeter security, where traditional cameras often struggle.
A significant claim is the reduction of false alarms by up to 95%. This is substantial because false alarms are a pervasive issue in security systems, leading to costly disruptions and inefficiencies. The K1 Laser's enhanced accuracy in detection and classification could translate into operational savings for clients while improving overall security effectiveness.
However, the challenge will be in the adoption rate of this technology. Lidar systems tend to be more expensive than conventional security cameras and convincing businesses to switch or adopt supplementary devices could be difficult unless Knightscope can effectively demonstrate significant ROI.
The K1 Laser's target market of the 80+ million security cameras in the U.S. presents a significant opportunity for Knightscope. If the company can capture even a small fraction of this market, it could lead to substantial revenue growth. The integration with current security systems and the broad range of applications—from parking lots and university campuses to transit stations—enhances its market appeal.
From a marketing standpoint, positioning the K1 Laser as an advanced, next-gen solution in comparison to existing security cameras could be an effective strategy. However, Knightscope will need to clearly communicate the tangible benefits and cost efficiencies associated with this technology to convince potential clients.
Potential investors should watch for any partnerships or pilot programs Knightscope might announce, as these could serve as early indicators of market acceptance. Additionally, understanding the pricing structure and the company's plans for scaling production will be important factors in evaluating long-term growth prospects.
Targets 80+ Million Security Camera Market with New Advanced Monitoring and Safety Technology
Knightscope Announces All-New K1 Laser Product (Graphic: Business Wire)
The K1 Laser device can be installed on fixed infrastructure or in combination with Knightscope’s K1 portfolio of stationary technologies for parking lots & structures, building interiors, university campuses, transit stations, and more. Knightscope K1 Laser clients will have the option to layer the lidar perception software for security applications to enable advanced detection and alerts backed by the Company’s Risk & Threat Exposure (“RTX”) team. The K1 Lasers operate under adverse weather and low or no light conditions, reliably delivering advanced details that the 80+ million security cameras in the
“Our Knightscope K1 Laser is designed to drive exceptional value from lidar systems, providing high accuracy in detecting, classifying, and tracking people, vehicles and objects,” said William Santana Li, Chairman and CEO, Knightscope, Inc. “Our products will also integrate with lidar-based perception software, which can reduce false alarms and missed events by as much as
The Company’s expanded stationary product line will complement its Autonomous Security Robots (ASR) business, which already employs lidar for navigation and object detection.
LEARN MORE
For more information about the K1 Laser visit https://www.knightscope.com/products/k1-laser, or schedule time with a Knightscope expert to learn more about the complete portfolio of public safety technologies including Automated Gunshot Detection, Autonomous Security Robots and Blue Light Emergency Communication Systems today at www.knightscope.com/discover.
About Knightscope
Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. 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/20240716797299/en/
Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
Source: Knightscope, Inc.
FAQ
What is Knightscope's new K1 Laser product and how does it work?
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