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Knightscope Scores a Double

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Knightscope (NASDAQ: KSCP) announced a new contract for two K5 Autonomous Security Robots (ASRs) in Denver. The client, a large real estate operator with nearly 1,000 employees and $29 billion in assets, plans to deploy the robots in premier mixed-use neighborhoods, enhancing public safety by deterring crime. The robots will be strategically placed in two multi-level parking structures near Coors Field to begin operations around April 2022, coinciding with the baseball season.

Positive
  • Secured contract for two K5 Autonomous Security Robots in Denver.
  • Client has substantial assets ($29 billion) and employee base (nearly 1,000), indicating strong backing.
  • Robots will enhance public safety in a prominent area near Coors Field.
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 it finalized a contract for two K5 Autonomous Security Robots (ASRs) with a community-focused real estate and infrastructure owner, operator, lender and developer in downtown Denver. This commercial development group has almost 1,000 employees, 9 corporate offices and over $29 billion in assets owned and operated. According to the client, the ASRs will be deployed in Denver’s premier mixed-use neighborhood with access to the hottest dining, bars, and clubs, one each in two multi-level parking structures. These buildings are located near Coors Field and will be helping to deter criminal trespassing, loitering, vandalism, and keeping the general public safe. The client will work closely with Knightscope’s deployment team to deploy as close as possible to the beginning of the baseball season in April 2022.

Knightscope scores a double - new contract in Denver, CO. (Photo: Business Wire)

Knightscope scores a double - new contract in Denver, CO. (Photo: Business Wire)

About Knightscope

Knightscope [Nasdaq: KSCP] 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.

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

 

Source: Knightscope, Inc.

FAQ

What is the new contract announced by Knightscope (KSCP)?

Knightscope announced a contract for two K5 Autonomous Security Robots (ASRs) to be deployed in Denver.

When will the K5 Autonomous Security Robots be deployed in Denver?

The robots are expected to be deployed around April 2022, near the start of the baseball season.

What are the benefits of the K5 ASRs for the Denver community?

The K5 ASRs will help deter criminal activities such as trespassing and vandalism, enhancing public safety.

Who is the client for Knightscope's contract in Denver?

The client is a community-focused real estate and infrastructure operator with nearly 1,000 employees and $29 billion in assets.

Knightscope, Inc.

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Security & Protection Services
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