Knightscope Sells 10 Machines With 2 New Contracts

Rhea-AI Summary

Knightscope announces two new contracts totaling ten new machines sold

Positive

• Knightscope sells ten machines with two new contracts
• An online retailer in Georgia signs an agreement for two Hemispheres to ensure employee safety and discourage theft
• A hospital in Colorado orders eight K1 Blue Light Towers for wireless communications to those in need of assistance
• The healthcare industry has already experienced numerous crime-fighting wins with Knightscope's ASRs

Negative

• None.

Robot Roadshow Heads to Savannah, Georgia

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces two new contracts totaling ten new machines sold. A hospital in Colorado and an online retailer in Georgia are the latest companies to add Knightscope technologies to their security programs.

Knightscope Sells 10 Machines With 2 New Contracts (Photo: Business Wire)

Knightscope’s newest product, the K1 Hemisphere (“Hemisphere”), is ideally suited for securing areas where the mobility of Autonomous Security Robots (“ASRs”) is not required. An online retailer with 4 U.S. warehouses that offers over 40,000 genuine, brand name fragrances, skincare, makeup, haircare, aromatherapy and candles signed an agreement for 2 Hemispheres for its Georgia facility to ensure employee safety and discourage theft and criminal trespassing at its loading docks. The two machines will also be able to monitor the driveway leading into the property. Knightscope+ monitoring service was added to the contract to ensure that all alerts are investigated and properly handled, removing the burden from hospital personnel. Anticipating a successful deployment at its first location, the client has already requested and received proposals for its New York and Nevada locations.

The healthcare industry has already experienced numerous crime-fighting wins with Knightscope’s ASRs. A Florida-based health system with 51 hospital campuses and hundreds of care sites in diverse markets throughout nine states is beginning to add emergency communication systems to elevate its public safety profile. 8 of Knightscope’s K1 Blue Light Towers were ordered for a hospital in Colorado to enable wireless communications to those in need of assistance. The towers work around the clock, 365 days a year in designated locations, ready to provide help at the push of a button. The towers are easily recognizable, use wireless solar technology, and have self-monitoring software that notifies police and emergency officials immediately of any issue that may occur with the towers.

LEARN MORE

Knightscope’s ASR services and industry leading emergency communications products help better protect the places people live, work, study and visit. To learn more about Knightscope’s Blue Light Emergency Communication Systems or Autonomous Security Robots – now with the option of Private LTE – book a discovery call or demonstration now at www.knightscope.com/discover.

KNIGHTSCOPE’S ROBOT ROADSHOW TO LAND IN SAVANNAH, GEORGIA

Knightscope’s Robot Roadshow will be landing in Savannah, GA, on November 7, 2023, at Savannah Technical College, 5717 White Bluff Rd, Savannah, GA 31405, from 10a – 2p ET.

The Robot Roadshow is an engaging experiential event that allows everyone to participate in expert-led demonstrations in a climate controlled, space-age “Pod.” Knightscope demonstrates the features and capabilities of the AI-equipped, self-driving robots that are already helping protect the places people live, work, study and visit across the United States. Visitors are able to interact directly with Autonomous Security Robots, test a blue light emergency phone, and see the Knightscope Security Operations Center (KSOC) user interface in action.

Watch a brief video of the Robot Roadshow at the Tesla Takeover here.

The Robot Roadshow is free to attend for everyone. Those wishing to schedule a time to get one-on-one attention may book a Pod visit here.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. 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, X (formerly 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s profitability and growth. 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. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 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/20231018946141/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

What is the latest announcement from Knightscope?

Knightscope announces two new contracts totaling ten new machines sold.

What product did an online retailer in Georgia sign an agreement for?

The online retailer signed an agreement for two Hemispheres.

What did a hospital in Colorado order?

The hospital ordered eight K1 Blue Light Towers.

What industry has experienced crime-fighting wins with Knightscope's ASRs?

The healthcare industry has experienced crime-fighting wins with Knightscope's ASRs.

Where will Knightscope's Robot Roadshow be landing?

Knightscope's Robot Roadshow will be landing in Savannah, Georgia.