Knightscope Scores Two More Contracts in Education

Rhea-AI Summary

Knightscope (Nasdaq: KSCP), a leader in robotics and AI technologies for public safety, announced two new contracts for its Emergency Communication Devices (ECDs) in the education sector. A college in Southern California will replace a legacy system with Knightscope's K1 Retrofit Kits, Knightscope Emergency Management System (KEMS), and a Full Service Maintenance Plan (FSMP). Additionally, a university in North Dakota has ordered three K1 Blue Light Towers, one K1 Blue Light E-Phone, and KEMS. Knightscope's ECDs feature wireless solar power, wireless phone connectivity, and self-monitoring software. These advanced systems enhance campus safety by providing reliable, one-touch access to emergency services and automated operational status reports.

Positive

• Secured two new contracts in the education sector.
• Existing client expands system with Knightscope's technology.
• University in North Dakota orders multiple ECDs.
• Products feature advanced technology such as wireless solar power and self-monitoring software.

Negative

• None.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces two new contracts for its Emergency Communication Devices (“ECDs”). An existing client - a college in southern California - is expanding their system by replacing a legacy competitive product with Knightscope’s K1 Retrofit Kits, the Knightscope Emergency Management System (“KEMS”) and a Full Service Maintenance Plan (“FSMP”). Additionally, a university in North Dakota issued a purchase order for three K1 Blue Light Towers, one K1 Blue Light E-Phone and KEMS.

Knightscope Scores Two More Contracts in Education (Graphic: Business Wire)

Knightscope’s Retrofit Kits allow users to upgrade outdated blue-light-style phones and call boxes to function like Knightscope’s modern, more advanced ECDs with features like wireless solar power, wireless phone connectivity, and self-monitoring software all built in. The program provides system owners automated daily email reports on the operational status of their system rather than having to manually test each device in person as required by competitive products, with text messaging and a real-time graphical map available as an add-on option. Bundling these features with FSMP ensures years of reliable, one-touch access to emergency services along with an elevated sense of safety while teaching, visiting or studying.

Knightscope’s modern, blue light ECDs are the key to curing an overconfident dependence on cell phones. Many people may not have (or simply may not be carrying) a cell phone, the cell phone’s battery may be down, or there may be no signal in the area. Similarly, it is possible that visitors who find themselves in need of assistance may not be familiar with campus geography and landmarks, thus being unable to give emergency responders an exact or accurate location over a cell phone.

GET EXPERT HELP

To learn more about Knightscope’s portfolio of public safety technologies, including the recently announced K1 Laser or any of its Autonomous Security Robot, Blue Light Emergency Communication System or Automated Gunshot Detection Services, book a discovery call or demonstration today at www.knightscope.com/discover.

About Knightscope

Knightscope builds cutting-edge technologies to improve public safety, and our 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.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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 goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. 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/20240827891748/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

What new contracts has Knightscope secured?

Knightscope has secured two new contracts for its Emergency Communication Devices in the education sector.

Which educational institutions are involved in the new contracts?

A college in Southern California and a university in North Dakota are involved in the new contracts.

What products did Knightscope's new contracts include?

The contracts include K1 Retrofit Kits, K1 Blue Light Towers, K1 Blue Light E-Phone, and Knightscope Emergency Management System (KEMS).

What are the features of Knightscope's Emergency Communication Devices?

Knightscope's ECDs feature wireless solar power, wireless phone connectivity, self-monitoring software, and automated daily email reports.