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Knightscope Closes Contracts in 12 States

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Knightscope (KSCP) has secured new contracts across 12 U.S. states for its K5 Autonomous Security Robots (ASRs) and K1B Emergency Communication Devices (ECDs). The deployments will serve diverse sectors including state and local government, universities, utilities, and commercial real estate in California, Connecticut, Delaware, Florida, Georgia, Maryland, New York, North Carolina, Ohio, South Carolina, Texas and Washington.

The K5 ASR features AI software for enhanced property safety and visitor interaction, while the ECDs provide reliable emergency communication backup to cell phones, now enhanced with Verizon Frontline's priority network access for first responders.

Knightscope (KSCP) ha ottenuto nuovi contratti in 12 stati americani per i suoi K5 Autonomous Security Robots (ASRs) e K1B Emergency Communication Devices (ECDs). Le implementazioni serviranno settori diversi, tra cui governi statali e locali, università, servizi pubblici e immobili commerciali in California, Connecticut, Delaware, Florida, Georgia, Maryland, New York, Carolina del Nord, Ohio, Carolina del Sud, Texas e Washington.

Il K5 ASR è dotato di software AI per una maggiore sicurezza delle proprietà e interazione con i visitatori, mentre gli ECD forniscono una comunicazione di emergenza affidabile come supporto per i telefoni cellulari, ora potenziata con l'accesso alla rete prioritaria di Verizon Frontline per i primi soccorritori.

Knightscope (KSCP) ha asegurado nuevos contratos en 12 estados de EE. UU. para sus K5 Autonomous Security Robots (ASRs) y K1B Emergency Communication Devices (ECDs). Las implementaciones servirán a diversos sectores, incluidos gobiernos estatales y locales, universidades, servicios públicos y bienes raíces comerciales en California, Connecticut, Delaware, Florida, Georgia, Maryland, Nueva York, Carolina del Norte, Ohio, Carolina del Sur, Texas y Washington.

El K5 ASR cuenta con software de IA para mejorar la seguridad de la propiedad y la interacción con los visitantes, mientras que los ECD proporcionan un respaldo de comunicación de emergencia confiable para teléfonos celulares, ahora mejorados con el acceso a la red prioritaria de Verizon Frontline para los primeros en responder.

Knightscope (KSCP)는 미국 12개 주에서 K5 자율 보안 로봇 (ASRs)K1B 비상 통신 장치 (ECDs)에 대한 새로운 계약을 체결했습니다. 이 배치는 캘리포니아, 코네티컷, 델라웨어, 플로리다, 조지아, 메릴랜드, 뉴욕, 노스캐롤라이나, 오하이오, 사우스캐롤라이나, 텍사스 및 워싱턴에서 주 및 지방 정부, 대학, 유틸리티 및 상업용 부동산 등 다양한 분야에 서비스를 제공합니다.

K5 ASR은 자산 안전 및 방문자 상호작용을 위한 AI 소프트웨어를 특징으로 하며, ECD는 응급 전화기에게 신뢰할 수 있는 비상 통신 백업을 제공합니다. 이제 Verizon Frontline의 우선 네트워크 접근으로 향상되었습니다.

Knightscope (KSCP) a sécurisé de nouveaux contrats dans 12 États américains pour ses K5 Autonomous Security Robots (ASRs) et K1B Emergency Communication Devices (ECDs). Les déploiements serviront divers secteurs, y compris les gouvernements étatiques et locaux, les universités, les services publics et l'immobilier commercial en Californie, au Connecticut, au Delaware, en Floride, en Géorgie, dans le Maryland, à New York, en Caroline du Nord, dans l'Ohio, en Caroline du Sud, au Texas et à Washington.

Le K5 ASR dispose d'un logiciel d'IA pour améliorer la sécurité des biens et l'interaction avec les visiteurs, tandis que les ECD fournissent un soutien fiable à la communication d'urgence pour les téléphones portables, désormais renforcé par l'accès prioritaire au réseau Verizon Frontline pour les premiers intervenants.

Knightscope (KSCP) hat neue Verträge in 12 US-Bundesstaaten für seine K5 Autonomous Security Robots (ASRs) und K1B Emergency Communication Devices (ECDs) gesichert. Die Einsätze werden verschiedene Sektoren bedienen, darunter staatliche und kommunale Regierungen, Universitäten, Versorgungsunternehmen und Gewerbeimmobilien in Kalifornien, Connecticut, Delaware, Florida, Georgia, Maryland, New York, North Carolina, Ohio, South Carolina, Texas und Washington.

Der K5 ASR verfügt über KI-Software für erhöhte Sicherheit von Grundstücken und Interaktion mit Besuchern, während die ECDs eine zuverlässige Notfallkommunikationsunterstützung für Handys bieten, die jetzt mit dem bevorzugten Netzwerkzugang von Verizon Frontline für Ersthelfer verbessert wurde.

Positive
  • Secured new contracts across 12 states expanding market presence
  • Diversified client base across government, education, utilities and real estate sectors
  • Partnership with Verizon Frontline for priority emergency communications
Negative
  • None.

Insights

The announcement of new contracts across 12 states represents modest business expansion but lacks specific financial details to gauge the true impact. While geographic diversification is positive, without contract values or revenue projections, it's difficult to assess the material impact on Knightscope's $62.8M market cap. The company's partnership with Verizon Frontline adds credibility and infrastructure support, potentially improving service reliability.

The diverse client base spanning government, universities, utilities and commercial real estate suggests growing market acceptance of Knightscope's security solutions. However, for a company focused on scaling operations, the lack of financial metrics or contract durations limits the ability to project revenue growth. The expansion appears incremental rather than transformative.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that it has closed new contracts in 12 U.S. states for its K5 Autonomous Security Robots (“ASRs”), K1B Emergency Communication Devices (“ECDs”) and related services. Deployment locations will span the United States across California, Connecticut, Delaware, Florida, Georgia, Maryland, New York, North Carolina, Ohio, South Carolina, Texas and Washington and represent clients across diverse industries such as state and local government, universities, utilities and commercial real estate.

Knightscope Closes Contracts in 12 States (Graphic: Business Wire)

Knightscope Closes Contracts in 12 States (Graphic: Business Wire)

The K5 is Knightscope’s flagship ASR driven by proprietary AI software that enhances safety measures at the property while providing visitors with a unique, interactive guest experience with client-specific graphics, a client-selected voice for custom audio broadcast messaging, and improved access to emergency services. The K5 patrols a property without human intervention and provides clients with real-time actionable intelligence to ensure the safety of employees, patrons and visitors.

Knightscope’s modern, blue light ECDs are the key to curing an overconfident dependence on cell phones. Many people may not have (or simply may not be carrying) a cell phone, the cell phone’s battery may be down, or there may be no signal in the area. Similarly, it is possible that visitors who find themselves in need of assistance may not be familiar with local geography and landmarks, thus being unable to give emergency responders an exact or accurate location over a cell phone. And with the recently announced service from Verizon Frontline, the advanced network and technology for first responders, users get priority access to cellular bandwidth to ensure the call reaches the right help in a timely manner.

GET EXPERT HELP

To learn more about Knightscope’s portfolio of public safety technologies, including any of its Autonomous Security Robots, Blue Light Emergency Communication Systems or Automated Gunshot Detection Services, book a discovery call or demonstration today at www.knightscope.com/discover.

About Knightscope

Knightscope builds cutting-edge technologies to improve public safety, and our 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.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. 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.

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

In which states did Knightscope (KSCP) secure new contracts?

Knightscope secured contracts in California, Connecticut, Delaware, Florida, Georgia, Maryland, New York, North Carolina, Ohio, South Carolina, Texas and Washington.

What products are included in Knightscope's (KSCP) new contracts?

The contracts include K5 Autonomous Security Robots (ASRs), K1B Emergency Communication Devices (ECDs), and related services.

What industries will Knightscope (KSCP) serve with these new contracts?

Knightscope will serve state and local government, universities, utilities, and commercial real estate sectors.

Knightscope, Inc.

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