Knightscope Secures Contract to Serve Atlanta Non-Profit

Rhea-AI Summary

Knightscope (NASDAQ: KSCP) is expanding its market reach by deploying a K5 Autonomous Security Robot at a non-profit organization in Atlanta. This initiative aims to bolster security for a facility serving the rapidly growing aging population in the U.S. The robot will help deter criminal activities and provide a cost-effective security solution, allowing the organization to focus on its core mission of improving the well-being of elderly individuals. This partnership highlights Knightscope's commitment to enhancing safety in communities.

Positive

• Secured a contract with a non-profit in Atlanta to deploy a K5 Autonomous Security Robot.
• Enhances security operations for a sector focused on the aging population, addressing key community safety needs.
• Validates Knightscope's role in providing cost-effective security solutions.

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 an Atlanta non-profit organization will soon be using a K5 Autonomous Security Robot (ASR) to patrol its downtown offices. This organization serves aging people - the fastest growing population in the US - to help them keep up with daily tasks and combat isolation and loneliness while preserving their health, security and ability to live independently. Knightscope will play a key role in keeping the client location secure against criminal mischief and vehicle break-ins, warding off trespassers and providing a more cost-effective physical security presence, allowing them to focus on their stated mission.

Knightscope secures contract to serve Atlanta non-profit. (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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220209005407/en/

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

Source: Knightscope, Inc.

FAQ

What is the significance of Knightscope's contract with a non-profit organization in Atlanta?

The contract signifies Knightscope's ongoing expansion in the security technology market by providing an Autonomous Security Robot for a facility serving the aging population.

How does Knightscope's K5 Autonomous Security Robot benefit the Atlanta non-profit?

The K5 robot will enhance security by deterring criminal activities and allowing the organization to focus on its mission to support the elderly.

What impact could Knightscope's new contract have on its stock (KSCP)?

Securing contracts like this can potentially enhance Knightscope's reputation and revenue, positively impacting investor sentiment and the stock's performance.

Is the K5 Security Robot cost-effective for the Atlanta non-profit?

Yes, Knightscope highlights that the K5 robot provides a more cost-effective physical security presence compared to traditional methods.