Knightscope Announces New Commercial Developer Contract

Rhea-AI Summary

Knightscope, Inc (NASDAQ: KSCP) has secured a contract with a Denver-based commercial real estate developer for a new urban center project. This development includes 38 high-rise towers spanning over 10 million square feet, with amenities covering residential, retail, office, hotel, and entertainment sectors. The project aims to accommodate 7,500 permanent residents and will feature advanced security solutions, including Knightscope’s K5 Autonomous Security Robot. The entire center will be solar-powered and focus on sustainability with innovative landscaping and a bio-tech water system.

Positive

• Secured contract for a major urban center development in Denver.
• The project will include 38 high-rise towers and over 10 million square feet of space.
• Demonstrates commitment to sustainability with a 100% solar-powered community.
• Integration of advanced security technologies, including Knightscope's K5 Autonomous Security Robot.

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 it has a new signed contract with a commercial real estate developer headquartered in Denver, CO, specializing in the design and building of advanced live/work/play communities, incorporating the latest technology with exceptional community design. Upon completion of buildout, this urban center development will contain 38 high-rise towers with over 10 million square feet of technologically advanced residential, retail, office, hotel/convention center, and entertainment space, along with over 2.5 million square feet of innovative parking facilities integrated with multi-modal transportation alternatives. It will accommodate 7,500 permanent residents, over 30,000 additional daytime office and retail residents, along with a 500-room, 25-story world class hotel and a 225,000 square foot next-generation convention facility with a 1,500-seat, state-of-the-art indoor/outdoor amphitheater. The entire community is 100% solar-powered via a dedicated solar farm; new landscape technology greatly reduces CO2 while increasing O2; and a bio-tech water filtering system provides a 50% reduction in water consumption. Automation, including the use of Knightscope’s K5 Autonomous Security Robot (ASR) and other advanced technologies, will provide an unparalleled experience, all situated at the foot of the 14,000-foot peaks of the majestic Colorado Rockies.

Knightscope announces new commercial developer contract. (Photo: 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/20220314005319/en/

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

 

Source: Knightscope, Inc.

FAQ

What is the new contract announced by Knightscope on March 14, 2023?

Knightscope announced a contract with a commercial real estate developer for a large urban center in Denver, CO, featuring 38 high-rise towers and over 10 million square feet of space.

How will the new Denver project impact Knightscope's business?

The project is expected to enhance Knightscope's market presence and demonstrate their security technology integration in a large-scale urban environment.

What features will the Denver urban center include?

The urban center will include residential, retail, office, hotel, and entertainment spaces, along with advanced security and sustainability features.

When was the contract for the Denver project announced?

The contract was announced on March 14, 2023.

What sustainable technologies are featured in Knightscope's new project?

The project will be 100% solar-powered, incorporate innovative landscaping technology, and utilize a bio-tech water filtering system.