Knightscope Announces New Contract in Napa Valley

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has announced a new agreement to deploy its K5 Autonomous Security Robot at a storage facility in Napa, California. The usage of storage facilities has surged by 65% in the last 15 years, though security concerns remain due to break-ins. This initiative aims to enhance tenant security, encouraging potential renters to seek facilities with advanced security technologies. Knightscope focuses on creating safer environments across the U.S. through innovative robotic solutions.

Positive

• New contract signed for K5 Autonomous Security Robot deployment.
• K5 ASR enhances security, addressing rising break-in concerns in storage facilities.

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• 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 a new agreement with a storage facility in Napa, California. The use of storage facilities has increased 65% over the past 15 years. While such facilities are generally safe, they often experience break-ins leaving personal possessions and commercially stored items at risk. Knightscope’s K5 Autonomous Security Robot (ASR) will patrol the storage facility to further enhance the protection offered to tenants that choose to store their belongings with them. Prospective renters are encouraged to do their due diligence on facilities they are considering for storage services to ensure that they offer advanced physical security technologies like Knightscope’s K5 ASR.

Knightscope Announces New Contract in Napa Valley (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/20220708005137/en/

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

Source: Knightscope, Inc.

FAQ

What is the new agreement announced by Knightscope?

Knightscope has secured a contract to deploy its K5 Autonomous Security Robot at a storage facility in Napa, California.

How much has the usage of storage facilities increased according to Knightscope's press release?

The usage of storage facilities has increased by 65% over the past 15 years.

What is the purpose of Knightscope's K5 Autonomous Security Robot?

The K5 ASR is designed to patrol and enhance security at facilities, reducing risks of break-ins.

What stock symbol represents Knightscope?

Knightscope is traded under the stock symbol KSCP on NASDAQ.