Knightscope Grabs Two New Texas Sales Totaling Four Machines

Rhea-AI Summary

Knightscope announces two new contracts for its autonomous security robots and blue light emergency communication systems.

Positive

• Knightscope receives a pre-order for three K1 Hemisphere Autonomous Security Robots from a gated golf community in central Texas.
• An existing Knightscope customer in San Antonio expands its deployment of K1 Blue Light Tower emergency communication devices, bringing the total number to 16.

Negative

• None.

Reseller Delivers its Second Knightscope Contract

New Construction Project in San Antonio Adds 16^th K1 Blue Light Tower

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announced two new contracts – one for 3 of its K1 Hemispheres, and the other for a K1 Blue Light Tower.

Knightscope Grabs Two New Texas Sales Totaling Four Machines (Graphic: Business Wire)

One of Knightscope’s resellers, a Houston-based security company that provides custom-tailored security services for clients of all sizes in 42 U.S. states, received its second signed contract – a pre-order for three K1 Hemisphere Autonomous Security Robots (“ASRs”) from a gated golf community in central Texas. This order comes on the heels of Knightscope’s recent announcement that the Hemispheres have entered the final stage of testing as the Company prepares to fulfill its many pre-order contracts.

The next sale comes from an existing Knightscope customer in San Antonio expanding its deployment of K1 Blue Light Tower (“K1BLT”) emergency communication devices. The new sale brings the total number of K1BLTs being used in park areas to 16. Blue light towers and emergency phones provide one-touch access to first response services and expand the reach of emergency assistance to those utilizing park areas by providing lifelines to people who may be experiencing some form of emergency, crisis or distress.

Learn More

Knightscope’s ASR services and industry leading emergency communications products help better protect the places people live, work, study and visit. To learn more about Knightscope’s Blue Light Emergency Communication Systems or Autonomous Security Robots, book a discovery call or demonstration now at www.knightscope.com/discover.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. 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, X (formerly 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s profitability and growth. 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. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. 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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230824389725/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.