Knightscope Completes Acquisition of CASE Emergency Systems

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has successfully acquired CASE Emergency Systems, enhancing its capabilities in autonomous security solutions. The acquisition aims to leverage CASE's established relationships with key clients, including the New York Police Department and others. This partnership is expected to bolster Knightscope's sales strategy and expand its product offerings in public safety infrastructure, focusing on innovative technologies like AI and robotics for crime fighting.

Positive

• Acquisition of CASE enhances Knightscope's sales strategy.
• CASE's relationships with clients like NYPD will strengthen Knightscope's market position.
• Integration of advanced technologies may improve public safety infrastructure.

Negative

• None.

Public Safety Innovator Accelerates Growth Nationwide

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP) (“Knightscope” or the “Company”), a leading developer of autonomous security robots, today announced it has completed its acquisition of CASE Emergency Systems (“CASE”).

Knightscope Completes Acquisition of CASE Emergency Systems (Photo: Business Wire)

“We look forward to collaboratively working with our new incoming clients to overhaul our Nation’s public safety infrastructure beginning with the 7,000+ blue light towers and emergency call box devices already in network. Our country needs superhuman capabilities to fight crime and become the safest country in the world. Autonomy, robotics, 5G, solar, A.I. and electric vehicles can make a positive change to the country’s law enforcement and security apparatus, providing officers and guards unprecedented capabilities to better secure the places you live, work, study and visit,” said William Santana Li, chairman and chief executive officer of Knightscope, Inc.

The acquisition is planned to contribute to Knightscope’s sales strategy, given CASE’s relationships with numerous key clients, including but not limited to, New York Police Department (NYPD), New York City Fire Department (FDNY), San Bernardino County Transportation Commission (SBCTC), San Luis Obispo Council of Governments (SLOCOG), Ventura County Transportation Commission (VCTC), and Orange County Transportation Authority (OCTA). These relationships and numerous others will complement and strengthen Knightscope’s growing autonomous security robot business with a comprehensive product portfolio and broadened physical footprint.

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 the Company 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, including statements regarding the closing and related benefits of the acquisition of CASE. 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. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s 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/20221020005437/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025



Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

Source: Knightscope, Inc.

FAQ

What is the significance of Knightscope's acquisition of CASE Emergency Systems?

The acquisition strengthens Knightscope's sales strategy and expands its market reach in autonomous security technology.

When did Knightscope complete the acquisition of CASE?

Knightscope announced the completion of the acquisition on October 20, 2022.

How will the acquisition of CASE impact Knightscope's business?

The acquisition is expected to enhance Knightscope's client relationships and product offerings in public safety.

Which key clients does CASE Emergency Systems have?

CASE has relationships with several key clients, including the New York Police Department and the New York City Fire Department.

What are Knightscope's goals following the acquisition of CASE?

Knightscope aims to enhance public safety infrastructure using autonomous technology, AI, and robotics.