Knightscope (Nasdaq: KSCP) Receives 5 New Contracts Totaling 22 New Machines

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has expanded its presence in the healthcare sector by securing five new contracts for its Autonomous Security Robot (ASR) services across multiple U.S. states. These contracts include a mix of ASR types and reflect a growing demand for enhanced safety in healthcare environments. Notably, the contracts involve deploying robots in hospitals and rehabilitation centers, aimed at improving security visibility and the overall experience for workers and patients. This expansion highlights Knightscope's commitment to making healthcare settings safer.

Positive

• Acquisition of five new contracts for Autonomous Security Robot services in healthcare.
• Deployment of a total of 22 new machines enhances security in healthcare settings.
• Contracts span multiple states, indicating a broad market interest.

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• None.

Public Safety Innovator Continues to Accelerate Growth in Rapidly Growing Healthcare Sector

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots, continues to accelerate market expansion with five new contracts for its Autonomous Security Robot (ASR) services in the healthcare market across multiple U.S. states. These wins underscore the need and desire to provide a safe environment for our nation’s healthcare workers and those seeking medical attention.

Knightscope (Nasdaq: KSCP) Receives 5 New Contracts Totaling 22 New Machines (Photo: Business Wire)

The contracts and deployment locations are as follows:

• A hospital group in Minnesota is the first to preorder 2 Knightscope K1 Hemisphere ASRs. The Hemispheres will be helping to add visibility and detections in areas between the parking garages and main buildings.
• An existing client in Ohio expanded its contract to include an additional K5 ASR at a second location within the first month of signing its original agreement.
• A healthcare and rehabilitation center in New York is eager to see a K5 ASR patrolling its beautiful lobby area to improve resident and employee safety, security, and the visitor experience.
• A Texas hospital ordered 4 K1 Blue Light Towers and 8 K1 Blue Light Emergency Phones to expand communication options and improve security visibility for its campus.
• A health system in Louisiana ordered a K1 Blue Light Tower to improve its ability to interface with visitors.

For more information on the use of ASRs in healthcare and to review Knightscope’s recommendations for improving Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) Scores, click here.

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 the company 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. 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 Dec. 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/20221130005440/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.

FAQ

What recent contracts has Knightscope (KSCP) secured?

Knightscope has secured five new contracts for its Autonomous Security Robot services in the healthcare sector.

How many new machines will Knightscope deploy in healthcare?

Knightscope will deploy a total of 22 new Autonomous Security Robots across multiple healthcare facilities.

In which states is Knightscope expanding its services?

Knightscope is expanding its services in various states including Minnesota, Ohio, New York, Texas, and Louisiana.

What is the purpose of Knightscope's robots in healthcare?

The robots aim to improve safety and security for healthcare workers and patients.

What types of ASRs will Knightscope provide under these new contracts?

Knightscope will provide K1 Hemisphere ASRs, K5 ASRs, K1 Blue Light Towers, and K1 Blue Light Emergency Phones.