Knightscope Lands Another Casino Contract

Rhea-AI Summary

Knightscope, Inc (NASDAQ: KSCP) has announced a new client in the casino sector as it continues to expand its security services. The K5 Autonomous Security Robot (ASR) will be deployed at a California casino to enhance security amidst the high threats associated with criminal activities in such environments. This deployment aims to improve safety for both patrons and staff, ensuring a secure gaming experience. Knightscope positions itself as a leader in advanced physical security technologies, with goals to significantly enhance security operations across the U.S.

Positive

• New casino client acquisition enhances revenue opportunities.
• Deployment of K5 Autonomous Security Robot at California casino increases market presence.

Negative

• None.

Casinos Are Not a Gamble … When it Comes to Security Robots

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 that it has another new casino client.

Casinos are not a gamble … when it comes to security robots. (Photo: Business Wire)

When the threat of criminal activity is as high as the stakes at the card table, it’s important that facilities are properly monitored. The flow of people and money is constant, upping the risk of incidents. But with the proper tools, like the K5 Autonomous Security Robot (ASR) that will soon patrol this new California casino, such worries are curbed, and the thrill and enjoyment of the gaming experience prevails.

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 the offering circular filed with the SEC on January 26, 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/20220201005593/en/

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

Source: Knightscope, Inc.

FAQ

What new client did Knightscope announce in February 2022?

Knightscope announced a new casino client for its K5 Autonomous Security Robot.

What is the stock symbol for Knightscope?

The stock symbol for Knightscope is KSCP.

Where will the K5 Autonomous Security Robot be deployed?

The K5 Autonomous Security Robot will be deployed at a casino in California.

What is the purpose of the K5 Autonomous Security Robot?

The K5 Autonomous Security Robot aims to enhance security and deter criminal activity in facilities like casinos.