Knightscope Announces New K1 Hemisphere for Under $1 Per Hour

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) announced the launch of its new K1 Hemisphere Autonomous Security Robot, now available for pre-order. This compact robot offers advanced security capabilities including HD video, license plate recognition, and intercom services at an introductory price of $0.75 per hour. Designed for diverse environments like commercial properties and schools, it aims to enhance security while being affordable. Knightscope plans to begin shipping later this year, targeting improved safety and security operations across the U.S.

Positive

• Launch of K1 Hemisphere Autonomous Security Robot enhances product offerings.
• Affordable subscription price of $0.75 per hour makes advanced security accessible.
• Positioning as an entry point for businesses into Knightscope's technologies.

Negative

• Risks associated with technology adoption and market competition.

Security Innovator Builds on Crime Fighting Technology Portfolio

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 the all-new, K1 Hemisphere Autonomous Security Robot (ASR) and that it is now accepting pre-orders on the Company website at www.knightscope.com/hemisphere.

Knightscope Announces New K1 Hemisphere for Under $1 Per Hour (Photo: Business Wire)

The Hemisphere includes the majority of capabilities Knightscope many clients already enjoy today with its existing suite of technologies, but in a much more compact size and affordable subscription price. It has three cameras providing 180-degree, eye-level, high-definition video; a strobe light; automatic license plate recognition; facial recognition; automated broadcast announcements; and intercom capability, all running fully encrypted on a 4G or 5G wireless network.

The K1 Hemisphere is a perfect entry point into deploying Knightscope’s advanced technologies for commercial property owners, residential, bank ATM vestibules, truck stops, lobbies, loading docks, ports, rail, schools, and any other places where the security and safety profile of the places you work, live, study and visit may be enhanced.

The introductory price will be $0.75 per hour on an annual contract. The optional Knightscope+ remote monitoring services may be added for an extra $2 per hour. Knightscope has targeted to begin shipping later this year.

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/20220624005104/en/

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

Source: Knightscope

FAQ

What is the K1 Hemisphere Autonomous Security Robot by Knightscope?

The K1 Hemisphere is a newly launched autonomous security robot featuring advanced capabilities, including HD video and license plate recognition.

When will Knightscope start shipping the K1 Hemisphere?

Knightscope plans to begin shipping the K1 Hemisphere later this year.

What is the introductory price for the K1 Hemisphere from Knightscope?

The introductory price for the K1 Hemisphere is $0.75 per hour on an annual contract.

How does the K1 Hemisphere enhance security operations?

The K1 Hemisphere enhances security with features like automated license plate recognition, facial recognition, and remote monitoring capabilities.

Is pre-order available for Knightscope's new security robot?

Yes, pre-orders for the K1 Hemisphere Autonomous Security Robot are being accepted on Knightscope's website.