One of the Fastest Growing Multifamily Real Estate Firms in US Signs Knightscope (Nasdaq: KSCP) Contract

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP), a leader in advanced security technologies, has secured a contract to deploy its K5 Autonomous Security Robot at a multi-family apartment community in Virginia. This contract highlights the company's focus on enhancing safety for tenants, especially in light of recent security concerns such as catalytic converter thefts. The K5 ASR will help bolster existing security measures, providing safe environments for students and residents alike.

Positive

• Secured a contract for K5 Autonomous Security Robot in Virginia.
• Enhances safety for tenants and addresses recent security issues.

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• 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 developer and operator of nearly 7,000 high quality conventional, student and senior housing communities located in top markets throughout the United States has signed a contract for the K5 Autonomous Security Robot (ASR) at one of its properties in Virginia. Owners of apartment complexes owe their tenants and visitors a duty of care that includes taking reasonable measures to protect tenants from harm that third parties cause. Property managers utilizing cutting edge technologies like Knightscope’s ASRs fulfill that requirement, which also serve to mitigate potential liabilities. This client’s focus is on protecting the parking lot and enhancing the existing security operations of a multi-family apartment community that also houses students attending a local university. Knightscope’s K5 will make the community a much safer place for students, staff, and guests where they have experienced trespassers and catalytic converter thefts.

One of the Fastest Growing Multifamily Real Estate Firms in US Signs Knightscope (Nasdaq: KSCP) Contract (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/20220718005319/en/

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

Source: Knightscope, Inc.

FAQ

What recent contract did Knightscope (NASDAQ: KSCP) secure?

Knightscope secured a contract to deploy its K5 Autonomous Security Robot at a multi-family apartment community in Virginia.

How does the K5 Autonomous Security Robot improve safety?

The K5 ASR enhances safety by providing additional security measures in areas experiencing issues like trespassing and theft.

What issues prompted the deployment of Knightscope's security robot?

The deployment was prompted by recent security concerns, including catalytic converter thefts and trespassers.