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Knightscope, Inc. (NASDAQ: KSCP) has secured a contract to deploy a K5 Autonomous Security Robot in Seattle for a Fortune 1000 hotel and resort chain. This deal enhances Knightscope's presence in the hospitality sector, which has seen increased demand for security solutions. The company aims to address critical security concerns in the hotel industry, such as theft and assaults, leveraging its proven track record. Knightscope believes this deployment will improve safety for guests while expanding its clientele base significantly.
Positive
Secured a contract to deploy a K5 Autonomous Security Robot in Seattle for a Fortune 1000 hotel chain.
Increasing presence in the hospitality sector, which includes hotels, casinos, and resorts.
Company's proven track record in improving safety is highlighted, potentially enhancing customer satisfaction.
Negative
None.
Public Safety Innovator Maintains New Sales Cadence
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 secured a contract to deploy a K5 Autonomous Security Robot (ASR) in Seattle, Washington, for a Fortune 1000 hotel and resort chain. Hospitality is a growing segment among Knightscope’s clientele, with the Company having already secured numerous deployments in hotels, casinos and resorts. This corporation boasts 6,500 properties globally, over 5,400 locations of which are in the United States. Five crimes challenging the hotel industry in general are burglary/theft, physical assaults, vehicle break-ins, human trafficking (prostitution) and murder. Knightscope is optimistic that its proven track record will contribute to a safer lodging experience for guests once deployed.
Knightscope adds Fortune 1000 hotel to growing list of clients. (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 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.
