Knightscope Signs Two New Contracts in Southern California

Rhea-AI Summary

Knightscope announces two new contracts in Southern California, one with a shopping center and one with a medical clinic.

Positive

• The contracts will contribute to reducing vacancies, mitigating risk, elevating property values, and increasing foot traffic.
• Knightscope ASRs have successfully deterred various crimes in commercial properties, making tenants and visitors safer.
• The second contract is for a K1 Hemisphere to be used at a pediatric healthcare clinic, enhancing the safety and comfort of the facility.

Negative

• None.

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 from a Los Angeles area shopping center and a medical clinic.

Knightscope Signs Two New Contracts in Southern California (Photo: Business Wire)

The Knightscope K5 Autonomous Security Robot (“ASR”) will be patrolling the interior of a large, cultural mall in the Los Angeles area. Shopping centers are places where people go to shop, dine, relax, browse or meet in a fun and safe atmosphere. Providing that safe environment reduces vacancies, mitigates risk, elevates property values and increases foot traffic. Knightscope ASRs have already successfully deterred substance abuse, vehicle break-ins, trespassing/loitering, vandalism, theft and assaults from commercial properties, keeping tenants and visitors safer.

Every child deserves the best care possible and the second contract is for a K1 Hemisphere to be used at a pediatric healthcare clinic in Torrance, CA. Clinics for children must include a safe, comfortable experience for the entire family, from unique amenities - like Knightscope ASRs - to child-sized equipment, all focused on creating a trusted destination to care for California’s youth.

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.

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/20231004098286/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.