Knightscope Receives New Contract for Three Autonomous Security Robots (ASRs)

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has secured a contract with a San Francisco Bay Area biotech real estate development for 2 K5 autonomous security robots (ASRs) and 1 K1 ASR. This agreement highlights the importance of security in biotech, where theft of research materials poses significant risks. Knightscope's robots will be deployed to patrol and monitor the facility, aiming to protect valuable intellectual and physical property. The initiative underscores Knightscope's commitment to enhancing public safety in regulated environments.

Positive

• Contract secured for 2 K5 ASRs and 1 K1 ASR.
• Focus on security in a biotech environment reduces risks of theft and vandalism.
• Enhances public safety at the biotech facility.

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, today announced that a San Francisco Bay Area biotech real estate development has subscribed to 2 Knightscope K5 ASRs and 1 K1 ASR to enhance its amenity-rich real estate project and underscore the importance of public safety in a highly regulated environment. Biotech firms, like any other type of business, need to be protected from break-ins, vandalism, and other intrusions. Unlike other types of companies, however, some criminals choose to break into biotech companies due to the incentive to steal (and sell) research samples causing irreparable damage in the form of lost intellectual property. Break-ins may also lead to the damage of expensive physical property like rented or owned lab equipment and valuable electronics. Random vandalism can turn into targeted vandalism, especially if companies have dealt with criticism or protests about specific research activities. Knightscope will patrol a parking garage and monitor the common areas of this new client to help protect the physical and intellectual property under development at this high-tech facility along with the workers who are helping our communities lead healthier lives.

Knightscope Receives New Contract for Three Autonomous Security Robots (ASRs) (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/20220428005546/en/

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

 

Source: Knightscope, Inc.

FAQ

What recent contract did Knightscope (KSCP) secure?

Knightscope secured a contract for 2 K5 ASRs and 1 K1 ASR with a biotech real estate development in the San Francisco Bay Area.

How will Knightscope's robots enhance security?

The K5 and K1 ASRs will patrol and monitor the biotech facility, protecting its physical and intellectual property.

Why is security important for biotech firms?

Biotech firms face unique risks such as theft of research materials and vandalism, making security critical.

Where is Knightscope's new client located?

The new client is located in the San Francisco Bay Area.