STOCK TITAN

Knightscope Secures Three New Emergency Communication Contracts

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Knightscope, Inc. [Nasdaq: KSCP] has secured three new contracts for its Emergency Communication Devices (ECDs). These include:

  • 4 K1 Blue Light Towers sold to a New Jersey customer by Knightscope Authorized Partner Colonial Electric
  • Two universities (in California and Texas) expanding their existing contracts to include long-term ECD services

The company's modern blue light ECDs offer reliable, one-touch access to emergency services, addressing limitations of cell phone dependence. Knightscope's Full Service Maintenance Plan (FSMP) and Emergency Management System (KEMS) provide operational confidence for over 150 ECDs across the two universities, featuring automated daily email reports on system status.

Knightscope, Inc. [Nasdaq: KSCP] ha ottenuto tre nuovi contratti per i suoi Dispositivi di Comunicazione d'Emergenza (ECD). Questi includono:

  • 4 Torri di Luce Blu K1 vendute a un cliente del New Jersey da Colonial Electric, Partner Autorizzato di Knightscope
  • Due università (in California e Texas) che stanno ampliando i loro contratti esistenti per includere servizi ECD a lungo termine

I moderni ECD a luce blu dell'azienda offrono accesso affidabile ai servizi di emergenza con un solo tocco, affrontando le limitazioni dipendenti dai telefoni cellulari. Il Piano di Manutenzione Completa (FSMP) e il Sistema di Gestione del Rischio (KEMS) di Knightscope forniscono fiducia operativa per oltre 150 ECD nelle due università, presentando report email automatizzati sullo stato del sistema ogni giorno.

Knightscope, Inc. [Nasdaq: KSCP] ha asegurado tres nuevos contratos para sus Dispositivos de Comunicación de Emergencia (ECD). Estos incluyen:

  • 4 Torres de Luz Azul K1 vendidas a un cliente de Nueva Jersey por Colonial Electric, Socio Autorizado de Knightscope
  • Dos universidades (en California y Texas) que están ampliando sus contratos existentes para incluir servicios de ECD a largo plazo

Los modernos ECD de luz azul de la empresa ofrecen acceso confiable a servicios de emergencia con un solo toque, abordando las limitaciones de la dependencia del teléfono móvil. El Plan de Mantenimiento Completo (FSMP) y el Sistema de Gestión de Emergencias (KEMS) de Knightscope brindan confianza operativa para más de 150 ECD en las dos universidades, presentando informes automáticos diarios por correo electrónico sobre el estado del sistema.

Knightscope, Inc. [Nasdaq: KSCP]는 비상 통신 장치(ECD)에 대해 새로운 세 개의 계약을 확보했습니다. 이들 계약에는 다음이 포함됩니다:

  • 뉴저지 고객에게 Colonial Electric, Knightscope의 공인 파트너를 통해 판매된 4개의 K1 블루 라이트 타워
  • 기존 계약을 확장하여 장기 ECD 서비스에 포함시키는 두 개의 대학(캘리포니아와 텍사스)

회사의 최신 블루 라이트 ECD는 단일 터치로 비상 서비스에 신뢰할 수 있는 접근을 제공하며, 휴대폰 의존성의 한계를 극복하고 있습니다. Knightscope의 종합 유지보수 계획(FSMP)과 비상 관리 시스템(KEMS)은 두 개의 대학에 걸쳐 150개 이상의 ECD에 대한 운영 신뢰성을 제공하며, 시스템 상태에 대한 자동화된 일일 이메일 보고서를 제공하고 있습니다.

Knightscope, Inc. [Nasdaq: KSCP] a obtenu trois nouveaux contrats pour ses Dispositifs de Communication d'Urgence (ECD). Ceux-ci comprennent :

  • 4 Tours de Lumière Bleue K1 vendues à un client du New Jersey par Colonial Electric, Partenaire Autorisé de Knightscope
  • Deux universités (en Californie et au Texas) qui étendent leurs contrats existants pour inclure des services ECD à long terme

Les ECD modernes à lumière bleue de l'entreprise offrent un accès fiable aux services d'urgence d'une simple pression, surmontant les limites de la dépendance aux téléphones portables. Le Plan de Maintenance Complet (FSMP) et le Système de Gestion des Urgences (KEMS) de Knightscope garantissent une confiance opérationnelle pour plus de 150 ECD dans les deux universités, avec des rapports quotidiens par email sur l'état du système.

Knightscope, Inc. [Nasdaq: KSCP] hat drei neue Verträge für seine Notfallkommunikationsgeräte (ECD) gesichert. Diese umfassen:

  • 4 K1 Blaulicht-Türme, die an einen Kunden in New Jersey von Knightscope Autorisiertem Partner Colonial Electric verkauft wurden
  • Zwei Universitäten (in Kalifornien und Texas), die ihre bestehenden Verträge ausweiten, um langfristige ECD-Dienste einzuschließen

Die modernen Blaulicht-ECDs des Unternehmens bieten einen zuverlässigen, einheitlichen Zugang zu Notfalldiensten und überwinden die Abhängigkeit von Mobiltelefonen. Der Full Service Wartungsplan (FSMP) und das Notfallmanagementsystem (KEMS) von Knightscope bieten Betriebszuverlässigkeit für über 150 ECDs an den beiden Universitäten und liefern automatisierte tägliche E-Mail-Berichte über den Systemstatus.

Positive
  • Secured three new contracts for Emergency Communication Devices
  • Expanded existing contracts with two universities for long-term ECD services
  • Offering Full Service Maintenance Plan (FSMP) and Emergency Management System (KEMS) for improved operational efficiency
Negative
  • None.

Insights

Knightscope's new contracts for Emergency Communication Devices (ECDs) show modest growth in their product adoption. The deals with a New Jersey customer and two universities expanding their services indicate incremental progress in Knightscope's market penetration. However, the scale of these contracts (only 4 new K1 Blue Light Towers and service expansions) suggests a slow growth rate.

The company's focus on addressing cell phone limitations in emergencies is a strategic move, but it's unclear how this will translate to significant revenue growth. The long-term service contracts for maintenance and software support could provide a stable revenue stream, which is positive for the company's financial stability.

Overall, while these contracts demonstrate ongoing business development, they don't appear to be game-changing for Knightscope's financial outlook. Investors should monitor for larger-scale adoptions or more substantial contracts to gauge the company's growth trajectory.

Knightscope's Emergency Communication Devices (ECDs) represent a niche but important technology in public safety. The K1 Blue Light Towers and associated software services showcase the company's integrated approach to emergency response systems.

The addition of the Full Service Maintenance Plan (FSMP) and Knightscope Emergency Management System (KEMS) demonstrates a shift towards recurring revenue models. This strategy could lead to more predictable cash flows and potentially higher profit margins over time.

However, the true technological edge of Knightscope's offerings compared to competitors remains unclear. The automated daily email reports and real-time graphical mapping are useful features, but not necessarily groundbreaking. The company needs to continue innovating to maintain a competitive advantage in the rapidly evolving security tech sector.

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 three new contracts for its Emergency Communication Devices (“ECDs”). Knightscope Authorized Partner (“KAP”), Colonial Electric - an electrical contractor serving the Northeast - sold 4 K1 Blue Light Towers to a customer in New Jersey, and universities in California and Texas - both existing clients - elected to expand their existing contracts to include other long-term ECD services provided by Knightscope.

Knightscope Secures Three New Emergency Communication Contracts (Photo: Business Wire)

Knightscope Secures Three New Emergency Communication Contracts (Photo: 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 local geography and landmarks, thus being unable to give emergency responders an exact or accurate location over a cell phone.

Emergency communications play a vital role in ensuring a secure and enjoyable environment for everyone 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.

Forward thinking universities prioritize campus safety to maximize the education potential for students while protecting its educators, staff and visitors. The addition of Knightscope’s Full Service Maintenance Plan (“FSMP”) and the Knightscope Emergency Management System (“KEMS”) program will provide these two universities with operational confidence for their combined 150+ ECDs, backed up by service maintenance support and software that includes 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.

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, Inc.

FAQ

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

Knightscope (KSCP) has secured three new contracts: 4 K1 Blue Light Towers sold to a New Jersey customer, and expanded contracts with universities in California and Texas for long-term ECD services.

How do Knightscope's (KSCP) Emergency Communication Devices address limitations of cell phone use in emergencies?

Knightscope's (KSCP) ECDs provide reliable, one-touch access to emergency services, overcoming issues such as dead batteries, lack of signal, or unfamiliarity with local geography that can limit cell phone effectiveness in emergencies.

What additional services does Knightscope (KSCP) offer with its Emergency Communication Devices?

Knightscope (KSCP) offers a Full Service Maintenance Plan (FSMP) and Emergency Management System (KEMS), providing automated daily email reports on system status and operational confidence for over 150 ECDs across two universities.

Knightscope, Inc.

NASDAQ:KSCP

KSCP Rankings

KSCP Latest News

KSCP Stock Data

55.39M
3.81M
1.97%
2.88%
10.43%
Security & Protection Services
Communications Equipment, Nec
Link
United States of America
MOUNTAIN VIEW