Knightscope Deploys First K5 Autonomous Security Robot (ASR) in Tennessee

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has launched its first K5 Autonomous Security Robot in Nashville, Tennessee, enhancing safety for a 10-story parking structure. The robot provides 24/7 monitoring at a cost of approximately $1,200 per week. Clients have reported that the physical presence of the K5 has helped to significantly reduce crime rates. Knightscope continues its mission to make the U.S. a safer place, furthering its market expansion in the security technology sector.

Positive

• Successful deployment of K5 ASR in Nashville, enhancing security for clients.
• Cost-effective monitoring solution at $1,200 per week for 24/7 coverage.
• Reported crime rate reduction attributed to the K5's presence, indicating efficacy.

Negative

• 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 the deployment of a K5 Autonomous Security Robot (ASR) in Nashville, Tennessee. According to the client, property owners of a 10-story parking structure where the ASR will patrol, budget was a key factor when deciding to subscribe to Knightscope’s services. The rate for the fully mobile, outdoor K5 came in at approximately $1,200 per week for 24/7/365 coverage, which provides the ‘round-the-clock’ monitoring necessary to deter trespassers. Aside from its many other notable capabilities, the K5's physical presence alone has been responsible for reducing crime rates as reported by other clients. Knightscope is proud to begin playing a new role in Music City history to help make it a destination safer for all visitors.

Knightscope Deploys First K5 Autonomous Security Robot (ASR) in Tennessee (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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220525005404/en/

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

Source: Knightscope, Inc.

FAQ

What is the significance of Knightscope's recent K5 ASR deployment in Nashville?

The deployment signifies Knightscope's market expansion and commitment to enhancing security at the facility.

How much does Knightscope's K5 ASR cost for weekly monitoring?

The K5 ASR costs approximately $1,200 per week for continuous 24/7 surveillance.

What impact has the K5 ASR had on crime rates according to Knightscope?

The K5 ASR has reportedly contributed to reduced crime rates at sites where it is deployed.

What is Knightscope's mission regarding security technology?

Knightscope aims to make the U.S. the safest country through the use of advanced security technologies.