Knightscope Announces Another Contract - Slipping Into a New Role

Rhea-AI Summary

Knightscope, Inc (Nasdaq: KSCP) has announced the deployment of a K5 Autonomous Security Robot at a Texas-based manufacturer of lubricants. The facility, dissatisfied with traditional security guards, aims to enhance its security through this innovative solution. The K5 ASR is expected to offer a reliable presence, boosting security confidence at the Houston location. Knightscope continues to focus on advancing physical security technologies as part of its mission to enhance safety across the United States.

Positive

• Secured a contract for K5 ASR with a Texas manufacturer, expanding market presence.
• Customer dissatisfaction with traditional security solutions highlights demand for autonomous technology.

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 a Texas-based manufacturer of premium quality lubricants and associated products for the automotive, industrial and drilling markets will soon be welcoming a new K5 Autonomous Security Robot (ASR) to town. This family and minority owned business became dissatisfied with the unreliable and expensive security guards at its facility and was looking for an alternative to protect its property and deter unwanted visitors and criminals. The K5 ASR will provide a reliable, persistent presence needed to boost confidence in the security of this Houston facility.

Knightscope announces another contract - slipping into a new role. (Graphic: Business Wire)

About Knightscope

Knightscope (Nasdaq: KSCP) 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 the offering circular filed with the SEC on January 26, 2022. 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/20220303005387/en/

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

 

Source: Knightscope, Inc.

FAQ

What is the latest news about Knightscope (KSCP)?

Knightscope announced the deployment of a K5 Autonomous Security Robot at a Texas-based lubricant manufacturer, enhancing security at their facility.

Why did Knightscope's client choose the K5 ASR?

The Texas-based client was dissatisfied with unreliable and costly traditional security guards and sought a more effective solution.

When did Knightscope announce the new contract?

The announcement was made on March 3, 2022.

What does the K5 ASR provide for Knightscope's clients?

The K5 ASR offers a reliable security presence aimed at deterring unwanted visitors and enhancing overall facility security.