Knightscope To Be Used in Fortune 500 Distribution Center

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has successfully secured a subscription with a Fortune 500 distribution center in Kentucky for its Autonomous Security Robot (ASR) service. This partnership aims to enhance security operations at facilities vulnerable to crime due to high traffic, valuable assets, and safety hazards. The ASR will provide an added layer of security to address these unique challenges faced by the distribution and manufacturing sectors.

Positive

• Secured subscription with a Fortune 500 client for security services.
• Addresses significant security concerns in high-crime areas.

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 a Fortune 500 distribution center in Kentucky is the latest client to subscribe to its Autonomous Security Robot (ASR) service. Distribution, manufacturing and shipping warehouses have long been targets for criminals due to several unique characteristics presenting a range of security threats that can be challenging to solve. Such examples include their proximity to high-crime areas; the often-valuable property located on premises (many times attracting employees to steal); the use of potentially lethal hazards leading to false/fraudulent injury claims; high traffic and turnover making restricted access to controlled areas difficult; and property size inhibiting large scale safety patrols. A K5 ASR monitored remotely is able to address each of these concerns and will add an invaluable layer of security to this client’s safety protocols.

Knightscope To Be Used in Fortune 500 Distribution Center (Photo: Business Wire)

About Knightscope

Knightscope 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 our Annual Report on Form 10-K for the year ended December 31, 2021. 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/20220517005391/en/

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

Source: Knightscope, Inc.

FAQ

What recent client has Knightscope (KSCP) secured for its security robot service?

Knightscope has secured a subscription with a Fortune 500 distribution center in Kentucky.

How does Knightscope's Autonomous Security Robot benefit distribution centers?

The ASR helps tackle security threats such as high crime rates, valuable property theft, and safety hazards.

What is the stock symbol for Knightscope?

The stock symbol for Knightscope is KSCP.

Where is Knightscope based?

Knightscope is based in Silicon Valley.