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Knightscope Secures New Contracts in Education and Healthcare

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Knightscope, Inc. [Nasdaq: KSCP] has secured two new contracts for its Emergency Communication Devices (ECDs). A private Episcopal school in southern California is expanding its system with an additional K1 Blue Light Tower and a Full Service Maintenance Plan. Additionally, City Wide Solutions, a Knightscope Authorized Partner, is upgrading existing Blue Light Towers on healthcare clinic campuses in Ohio with Knightscope's K1 Retrofit Kits.

Knightscope's ECDs offer advantages over cell phones, including reliability in areas with poor signal and ease of location identification for emergency responders. The company's Retrofit Kits modernize outdated systems with features like wireless solar power and self-monitoring software. The Knightscope Emergency Management System (KEMS) provides automated daily reports on system status, enhancing efficiency and reliability.

Knightscope, Inc. [Nasdaq: KSCP] ha ottenuto due nuovi contratti per i suoi Dispositivi di Comunicazione d'Emergenza (ECD). Una scuola episcopale privata nel sud della California sta ampliando il suo sistema con un ulteriore Torretta Blu K1 e un Piano di Manutenzione Completa. Inoltre, City Wide Solutions, un Partner Autorizzato di Knightscope, sta aggiornando le Torre Blu esistenti nei campus delle cliniche sanitarie in Ohio con i Kit di Retrofit K1 di Knightscope.

Gli ECD di Knightscope offrono vantaggi rispetto ai telefoni cellulari, inclusa l'affidabilità in aree con scarsa ricezione e la facilità di identificazione della posizione per i soccorritori. I Kit di Retrofit dell'azienda modernizzano i sistemi obsoleti con funzionalità come l'alimentazione solare senza fili e software di auto-monitoraggio. Il Sistema di Gestione delle Emergenze di Knightscope (KEMS) fornisce report automatici giornalieri sullo stato del sistema, migliorando efficienza e affidabilità.

Knightscope, Inc. [Nasdaq: KSCP] ha asegurado dos nuevos contratos para sus Dispositivos de Comunicación de Emergencia (ECD). Una escuela episcopal privada en el sur de California está ampliando su sistema con una Torre de Luz Azul K1 adicional y un Plan de Mantenimiento Completo. Además, City Wide Solutions, un Socio Autorizado de Knightscope, está actualizando las Torres de Luz Azul existentes en los campus de clínicas de salud en Ohio con los Kits de Retrofit K1 de Knightscope.

Los ECD de Knightscope ofrecen ventajas sobre los teléfonos celulares, incluyendo fiabilidad en áreas con mala señal y facilidad de identificación de ubicación para los servicios de emergencia. Los Kits de Retrofit de la empresa modernizan sistemas obsoletos con características como energía solar inalámbrica y software de auto-monitoreo. El Sistema de Gestión de Emergencias de Knightscope (KEMS) proporciona informes automáticos diarios sobre el estado del sistema, mejorando la eficiencia y fiabilidad.

Knightscope, Inc. [Nasdaq: KSCP]는 비상 통신 장치(ECD)에 대한 두 건의 새로운 계약을 체결했습니다. 캘리포니아 남부의 한 사립 성공회 학교가 추가 K1 블루 라이트 타워와 종합 유지 보수 계획으로 시스템을 확장하고 있습니다. 또한, City Wide Solutions는 Knightscope의 K1 리트로핏 키트를 사용하여 오하이오의 의료 클리닉 캠퍼스에 있는 기존 블루 라이트 타워를 업그레이드하고 있습니다.

Knightscope의 ECD는 신호가 약한 지역에서의 안정성과 비상 대응 팀을 위한 위치 식별의 용이성 등 휴대폰에 비해 여러 가지 장점이 있습니다. 회사의 리트로핏 키트는 무선 태양광 전원 및 자가 모니터링 소프트웨어와 같은 기능으로 구형 시스템을 현대화합니다. Knightscope의 비상 관리 시스템(KEMS)은 시스템 상태에 대한 자동 일일 보고서를 제공하여 효율성과 신뢰성을 향상시킵니다.

Knightscope, Inc. [Nasdaq: KSCP] a obtenu deux nouveaux contrats pour ses dispositifs de communication d'urgence (ECD). Une école épiscopale privée dans le sud de la Californie élargit son système avec une tour de lumière bleue K1 supplémentaire et un plan de maintenance complet. De plus, City Wide Solutions, un partenaire autorisé de Knightscope, modernise les tours de lumière bleue existantes sur les campus de cliniques de santé dans l'Ohio avec les kits de retrofit K1 de Knightscope.

Les ECD de Knightscope offrent des avantages par rapport aux téléphones cellulaires, notamment une fiabilité dans les zones à faible signal et une facilité d'identification des emplacements pour les secouristes. Les kits de retrofit de l'entreprise modernisent les systèmes obsolètes avec des fonctionnalités telles que l'alimentation solaire sans fil et un logiciel de auto-surveillance. Le système de gestion des urgences de Knightscope (KEMS) fournit des rapports quotidiens automatisés sur l'état du système, améliorant ainsi l'efficacité et la fiabilité.

Knightscope, Inc. [Nasdaq: KSCP] hat zwei neue Verträge für seine Notfallkommunikationsgeräte (ECD) gesichert. Eine private episkopale Schule in Südkalifornien erweitert ihr System um einen zusätzlichen K1 Blue Light Tower und einen umfassenden Wartungsplan. Darüber hinaus aktualisiert City Wide Solutions, ein autorisierter Partner von Knightscope, bestehende Blue Light Towers auf den Campus von Gesundheitskliniken in Ohio mit den Retrofit-Kits K1 von Knightscope.

Die ECDs von Knightscope bieten Vorteile gegenüber Mobiltelefonen, einschließlich Zuverlässigkeit in Bereichen mit schlechtem Empfang und einfacher Standortidentifizierung für Notfallhelfer. Die Retrofit-Kits des Unternehmens modernisieren veraltete Systeme mit Funktionen wie drahtloser Solarenergie und selbstüberwachender Software. Das Knightscope-Notfallmanagementsystem (KEMS) liefert automatisierte tägliche Berichte über den Systemstatus, was die Effizienz und Zuverlässigkeit erhöht.

Positive
  • Secured new contracts in education and healthcare sectors
  • Expansion of existing client's system with additional K1 Blue Light Tower
  • Upgrade of multiple healthcare clinic campuses with K1 Retrofit Kits
  • Introduction of Full Service Maintenance Plan for client retention
Negative
  • None.

Insights

Knightscope's new contracts in education and healthcare sectors demonstrate incremental growth but don't significantly move the needle for the company. The expansion with an existing client and partnership with City Wide Solutions show customer satisfaction and potential for recurring revenue. However, the scale of these contracts appears

The company's focus on upgrading outdated emergency communication systems with modern, feature-rich alternatives addresses a niche market need. The emphasis on reliability beyond cell phones is a valid selling point. Yet, without disclosed financial figures, it's challenging to gauge the material impact on Knightscope's bottom line.

While these contracts contribute to Knightscope's growth narrative, they likely represent business-as-usual rather than a game-changing development for the $73 million market cap company. Investors should view this as a positive but incremental step in Knightscope's ongoing market penetration efforts.

Knightscope's Emergency Communication Devices (ECDs) represent a technological upgrade in campus safety systems. The K1 Blue Light Towers and Retrofit Kits offer advanced features like wireless solar power, wireless connectivity and self-monitoring software, addressing key pain points in traditional systems.

The KEMS program is particularly noteworthy, automating system status reports and potentially reducing maintenance costs. This could be a significant selling point for institutions looking to modernize their safety infrastructure efficiently.

However, the true innovation level here is moderate. While these upgrades are valuable, they don't represent a revolutionary leap in emergency communication technology. The company's challenge will be to continue innovating to stay ahead in a competitive market where IoT and AI advancements are rapidly evolving the security landscape.

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 private Episcopal school in southern California - is expanding their system with the additional of another K1 Blue Light Tower and a Full Service Maintenance Plan (“FSMP”); and a Knightscope Authorized Partner (“KAP”), City Wide Solutions - an electrical integrator that has multiple customers in the Ohio area - is upgrading existing Blue Light Towers on healthcare clinic campuses with Knightscope’s K1 Retrofit Kits.

Knightscope Secures New Contracts in Education and Healthcare (Graphic: Business Wire)

Knightscope Secures New Contracts in Education and Healthcare (Graphic: Business Wire)

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.

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. Additionally, the Knightscope Emergency Management System (“KEMS”) 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. Text messaging and a real-time graphical map are available as an add-on option.

Education and healthcare administrators alike prioritize campus safety to ensure a secure and enjoyable environment for students, faculty, patients, providers and visitors. Emergency communications play a vital role in that mission by providing an extra layer of protection with reliable, one-touch access to services such as police, fire and EMS. K1 ECDs are conveniently placed to provide a direct communication portal in times of danger, personal crisis, medical emergencies, to report suspicious behavior or activities, or for accidents.

GET EXPERT HELP

To learn more about 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.

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope

FAQ

What new contracts has Knightscope (KSCP) secured for its Emergency Communication Devices?

Knightscope has secured two new contracts: one with a private Episcopal school in southern California for an additional K1 Blue Light Tower and Full Service Maintenance Plan, and another with City Wide Solutions to upgrade existing Blue Light Towers on healthcare clinic campuses in Ohio with K1 Retrofit Kits.

What advantages do Knightscope's (KSCP) Emergency Communication Devices offer over cell phones?

Knightscope's ECDs offer reliability in areas with poor cell signal, function when cell phone batteries are dead, and provide easy location identification for emergency responders, especially useful for visitors unfamiliar with campus geography.

What features are included in Knightscope's (KSCP) K1 Retrofit Kits?

Knightscope's K1 Retrofit Kits include wireless solar power, wireless phone connectivity, and self-monitoring software, allowing users to upgrade outdated blue-light-style phones and call boxes to function like Knightscope's modern, more advanced ECDs.

How does Knightscope's (KSCP) Emergency Management System (KEMS) improve efficiency?

KEMS provides system owners with automated daily email reports on the operational status of their system, eliminating the need for manual testing of each device and offering optional text messaging and real-time graphical map features.

Knightscope, Inc.

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