Knightscope K1 Autonomous Security Robot (ASR) Deployed in Southern California

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has deployed its K1 Autonomous Security Robot at the facilities of an emerging eCommerce client to enhance security at employee entrances on a 20-acre property. With cargo theft causing estimated annual losses of $35 billion in the U.S., this strategic move is aimed at preventing criminal activity in distribution and manufacturing centers.

Knightscope continues to advance its mission of improving safety in U.S. security operations with innovative technology.

Positive

• Deployment of K1 Autonomous Security Robot enhances safety at a major eCommerce client's distribution center.
• Addresses significant cargo theft problem, estimated at $35 billion annually in the U.S.

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, announced today that a popular eCommerce company providing subscriptions for product and brand discovery now has a fully operational K1 Autonomous Security Robot (ASR) at their manufacturing/distribution center to improve safety and security at employee entrances of this 20-acre property. Distribution, manufacturing and shipping warehouses have long been targets for criminal activity, and in 2020 the National Insurance Crime Bureau estimated that cargo theft results in annual losses of as much as $35 billion in the U.S. alone. This client selected Knightscope’s technologies to stay one step ahead of being a statistic.

Knightscope K1 Autonomous Security Robot (ASR) Deployed in Southern California (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/20220602005829/en/

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

Source: Knightscope, Inc.

FAQ

What is the recent innovation by Knightscope, Inc. (KSCP)?

Knightscope, Inc. has deployed its K1 Autonomous Security Robot at an eCommerce client's facility to enhance security.

How much is cargo theft costing U.S. businesses annually?

Cargo theft results in estimated losses of $35 billion annually in the U.S.

Where is Knightscope, Inc. based?

Knightscope, Inc. is based in Mountain View, California.

What is the purpose of the K1 Autonomous Security Robot?

The K1 Autonomous Security Robot is designed to improve safety and security in various operational environments.