Knightscope Receives Three New Orders

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has recently secured three new orders for its K1 emergency communication suite. A university in New Hampshire purchased a K1 Retrofit Kit, the Carteret Police Department in New Jersey ordered two K1 Blue Light Towers, and the Port Authority NY NJ expanded its order by six K1 Call Boxes for the Bayonne Bridge. This marks another step in Knightscope's strategy to enhance its market presence amidst the growing need for reliable emergency communication solutions. The company also reported that its Robot Roadshow successfully completed 75 landings across 24 states and Washington, D.C., showcasing its autonomous security technology.

Positive

• Secured three new orders for K1 emergency communication products, indicating growing demand.
• Successful completion of 75 landings in the Robot Roadshow, enhancing brand visibility.
• Expansion of the customer base with various public sector clients.

Negative

• None.

Robot Roadshow Reaches 75 Landings

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, today announced three new orders for its K1 emergency communication suite of products. A New Hampshire university purchased its first Knightscope K1 Retrofit Kit to test in anticipation of a larger roll out; the Borough of Carteret Police Department in New Jersey bought 2 K1 Blue Light Towers for a local park; and the Port Authority NY NJ expanded their previous order to include an additional 6 K1 Call Boxes for the Bayonne Bridge.

Knightscope Receives Three New Orders (Photo: Business Wire)

Knightscope’s new emergency communication devices are continuing to attract more customers, expanding the Company’s reach and market awareness. In spite of the prevalence of personal mobile devices, emergency communications are still needed and sought after. Common issues such as a dead battery, failed 911 service or geography that causes spotty wireless coverage lead one to add options. These systems also offer some redundancy if a particular cellular service fails. Solar power, cameras, and loudspeakers add to their utility and serve to further deter nefarious activity, especially when used in conjunction with Knightscope’s Autonomous Security Robots (ASRs).

Book a Discovery Call today to learn more about Knightscope’s blue light emergency communication systems and autonomous security robots.

ROBOT ROADSHOW SUCCESSFULLY HITS 75 LANDINGS

The Robot Roadshow has now made 75 landings in 24 states and Washington, D.C., with the tour scheduled to carry on for the remainder of 2023. Knightscope’s crime-fighting robots are leading the tour across the U.S. in a climate controlled, space-age “pod” allowing attendees to experience all the technologies Knightscope has to offer that are already helping to protect the places people live, work, study and visit. A short video of a past event hosted by the Los Angeles Police Department may be viewed here.

There is no charge to participate in, or visit, the Robot Roadshow and available slots fill up fast, so appointments are recommended. Book your Pod visit 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.

About TS&L

Transportation Solutions & Lighting's mission is to provide the highest level of quality and service to our customers in a sustainable and environmentally beneficial way. We pride ourselves with best-in-class products available through our successful partnerships with reputable manufactures. Our service and products come with 100% guaranteed complete satisfaction. Contact Transportation Solutions and Lighting, Inc. today for a free consultation.

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. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. 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. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. 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 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/20230321005522/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 are the new orders announced by Knightscope (KSCP)?

Knightscope announced three new orders for its K1 emergency communication suite, including a Retrofit Kit for a New Hampshire university, K1 Blue Light Towers for the Carteret Police Department, and six K1 Call Boxes for the Port Authority NY NJ.

How many landings has Knightscope's Robot Roadshow completed?

Knightscope's Robot Roadshow has successfully completed 75 landings across 24 states and Washington, D.C.

What is the significance of the K1 emergency communication products for Knightscope (KSCP)?

The K1 emergency communication products signify Knightscope's commitment to enhancing safety and security solutions, responding to the market demand for reliable emergency communication systems.

What is the purpose of Knightscope's Robot Roadshow?

The Robot Roadshow is designed to showcase Knightscope's autonomous security technologies and increase awareness and interest in its products.