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Knightscope Deploys Another Bay Area Security Robot
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Rhea-AI Summary
Knightscope, Inc. has announced the deployment of its Autonomous Security Robot (ASR) in the San Francisco Bay Area, partnering with a Fortune 500 clothing retailer. This move aims to enhance security amid rising theft rates, which cost local businesses approximately $3.6 billion annually. The K5 ASR will patrol the retailer’s headquarters, aiding in the detection of crime and facilitating law enforcement. This deployment could signify potential for broader market expansion as businesses increasingly seek advanced security solutions.
Positive
Deployment of K5 ASR enhances security for a Fortune 500 retailer.
Potential for broader market expansion due to increased demand for security technologies.
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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 another Autonomous Security Robot (ASR) deployment in the San Francisco Bay Area with a Fortune 500 American clothing and accessories retailer. The K5 ASR is patrolling outside of its California headquarters to deter and detect trespassers and help keep employees and visitors safe. According to the California Retailers Association, San Francisco and Oakland businesses lose $3.6 billion to theft each year. With over 2,300 company owned stores across the United States, this client’s deployment could lead to an opportunity for widespread expansion, especially at a time when safety concerns and liability issues have led many companies to adopt a very hands-off approach to retail crime. The K5 ASR observes and reports, assisting security and law enforcement professionals in the investigation and recovery of stolen goods.
Knightscope Deploys Another Bay Area Security Robot (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.
