Knightscope Reseller Deploys Security Robot in San Diego Apartment Community

Rhea-AI Summary

Knightscope announces deployment of its first K5 Autonomous Security Robot at a residential community in San Diego. The client is a top multifamily housing owner, offering expansion opportunities for Knightscope. An Ohio university purchases its first K1 Blue Light Tower for emergency communications. Knightscope's products provide reliable technologies for corporate campuses.

Positive

• Knightscope deploys first K5 Autonomous Security Robot at a residential community in San Diego, offering expansion opportunities
• Ohio university purchases first K1 Blue Light Tower for emergency communications

Negative

• None.

Private Ohio University Places Order for K1 Blue Light Tower

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that Knightscope Authorized Partner (“KAP”) JDS Security deployed its first of four K5 Autonomous Security Robots (“ASRs”) at a multi-family residential community in San Diego, California.

Knightscope Reseller Deploys Security Robot in San Diego Apartment Community (Photo: Business Wire)

This new client is one of the top multifamily housing owners, developers and property managers in the U.S., as ranked by the National Multifamily Housing Council (“NMHC”). The company has over 37 years in the multifamily sector, has acquired or developed 1,015 communities consisting of over 285,000 units and almost $40 billion in total project costs with current property management at 41,000 units in over 30 markets nationally (as of September 30, 2022). Clients with such strong portfolios offer great expansion opportunities for Knightscope as the Company continues to execute on its growth plan.

Catholic University in Ohio Adds Blue Light Tower to Security Program

An Ohio university purchased its first K1 Blue Light Tower to provide emergency communications to its students and faculty. The university has over 3,500 students in more than 40 undergraduate and 8 graduate degree programs, and Knightscope's K1 Blue Light Towers and Blue Light Emergency Phones provide a very noticeable and recognizable fixed location to access dependable communications away from buildings. The benefits of installing emergency phones include eliminating the need to find a number to call during an emergency; location tracking so that emergency personnel know exactly where to dispatch help; and to supplement spotty cell coverage and dead batteries often contributing to failed communications in time of need. Other recommendations for improving campus safety may be found here.

Knightscope’s leading-edge communications products and ASR services provide reliable technologies for corporate campuses to help better protect the places people live, work, study, dine and visit. To learn more about Knightscope’s Blue Light Emergency Communication Systems or Autonomous Security Robots, book a discovery call or demonstration now at www.knightscope.com/discover.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s profitability and growth. 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, 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/20230724826150/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

Who deployed the first K5 Autonomous Security Robot in San Diego?

Knightscope Authorized Partner JDS Security deployed the first K5 Autonomous Security Robot in San Diego.

What does the Ohio university purchase for emergency communications?

The Ohio university purchased its first K1 Blue Light Tower for emergency communications.

What do Knightscope's products provide?

Knightscope's products provide reliable technologies for corporate campuses to enhance safety and security.