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Knightscope Announces Partnership with Allied Universal®
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Knightscope, Inc. (NASDAQ: KSCP) has announced a strategic partnership with Allied Universal, a leading security services company with approximately $20 billion in revenues. The collaboration will provide Autonomous Security Robots (ASRs) to U.S. customers aimed at reducing crime and enhancing security operations. Allied Universal’s Technology Services will deploy various Knightscope robots, supported by comprehensive service and maintenance. This partnership is expected to drive long-term growth and enhance public safety for clients.
Positive
Partnership with Allied Universal enhances Knightscope's service offerings.
Access to Allied Universal's extensive customer base expands market opportunities.
Deployment of ASRs is expected to improve public safety and reduce crime.
Negative
None.
Largest Security Services Company to Sell Security Robots Through Technology Division
Public Safety Innovator Continues to Execute on Steady Growth Plan
MOUNTAIN VIEW, Calif. & SANTA ANA, Calif.--(BUSINESS WIRE)--
Knightscope, Inc. [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced a strategic partnership with Allied Universal®, a leading global security and facility services company with revenues at approximately $20 billion and more than 800,000 employees worldwide, to provide Autonomous Security Robots (ASRs) to the company’s U.S.-based customers to help deter crime, enhance situational awareness and improve security professional safety.
Knightscope announces partnership with Allied Universal® (Photo: Business Wire)
Allied Universal® Technology Services, a division of Allied Universal, will offer Knightscope’s technologies for deployment in the U.S. effective immediately, which include the K5 Outdoor, K3 Indoor, and K1 Stationary ASRs, the Knightscope Security Operations Center (KSOC) browser-based user interface for end users, autonomous charging/docking stations, data storage and full support, service and maintenance. Knightscope’s robots have already been credited for reducing crime at its client locations.
“Our commitment to providing the best proactive security services to our customers is unwavering,” said Carey Boethel, President of Allied Universal® Technology Services. “The partnership with Knightscope allows us to expand our delivery of smart cutting-edge technologies to enhance public safety, allowing our customers to focus on their core businesses.”
The partnership between Knightscope and Allied Universal utilizes the company’s highly trained security professionals to mitigate risks by monitoring alerts and responding to threats reported by ASRs to reduce monetary and non-monetary costs to its customers.
William Santana Li, chairman and CEO of Knightscope stated, “Partnering with Allied Universal is a perfect recipe for success - robots are deployed to do the monotonous, computational heavy work while the strategic, hands-on activities are the responsibility of the humans. We are excited for the future that this agreement will bring in driving steady long-term growth.”
Allied Universal® Technology Services division provides electronic access control, video surveillance, fire/life safety, alarm monitoring, emergency communications, hosted /managed services and a variety of Global Security Operating Center (GSOC-as-a-Service) offerings. Leveraging the flexibility and scalability of these platforms delivers efficiency with improved reliability and response.
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.
About Allied Universal
Allied Universal®, a leading security and facility services company, provides proactive security services and cutting-edge smart technology to deliver tailored, integrated security solutions that allow clients to focus on their core business. Through our vast global network of more than 800,000 employees, we leverage best practices in communities all over the world. With revenues of $20 billion, we are supported by efficient processes and systems that can only come with scale to help deliver our promise locally: keeping people safe so our communities can thrive. We believe there is no greater purpose than serving and safeguarding customers, communities, and people in today’s world. Allied Universal is There for you®. For more information, please visit www.aus.com.
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.
