Orange County Convention Center Enhances Security Program with Knightscope (Nasdaq: KSCP)

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has announced a partnership with the Orange County Convention Center in Orlando, Florida, marking its first contract with a convention center. The OCCC will utilize Knightscope's K5 Autonomous Security Robot to improve security and operational efficiency. This prestigious venue, averaging 200 events annually and attracting over 1.5 million attendees, represents a significant expansion for Knightscope into the convention center market. The partnership aims to enhance public safety and support innovative security solutions.

Positive

• First-ever convention center contract enhances Knightscope's market presence.
• Utilization of K5 Autonomous Security Robot improves operational efficiency.
• Partnership with a leading facility averaging 200 events and 1.5 million attendees annually.

Negative

• None.

Public Safety Innovator Continues Market Expansion with First Convention Center Contract

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a developer of advanced physical security technologies focused on enhancing U.S. security operations, announces partnership with the award-winning Orange County Convention Center (“OCCC” or the “Center”) in Orlando, Florida. The OCCC is a leader in creating safe, memorable experiences for visitors from around the world and will begin utilizing Knightscope’s K5 Autonomous Security Robot (“ASR”) to enhance security and operational efficiency at the massive facility. This represents Knightscope's first-ever convention center contract and marks the company's entrance into this area of the security market.

Orange County Convention Center Enhances Security Program with Knightscope (Nasdaq: KSCP) (Photo: Business Wire)

“We are thrilled that Knightscope and the OCCC developed this partnership to enhance the safety and security of our campus by adding a K5 autonomous robot to the Security Division,” said Isiah White, OCCC security manager. “This partnership demonstrates the Center’s commitment to public safety and cutting-edge innovation, and we look forward to the future of our security operations.”

By hosting conventions, trade shows, sporting events and more, the Center stimulates and infuses the local economy with new money and expanding business opportunities through world-class facilities and innovative services. With 7 million square feet, the OCCC is currently the third-largest convention center in the U.S. and averages nearly 200 events annually and attracts more than 1.5 million attendees to the region each year.

“As a leader in public safety technologies, Knightscope is committed to augmenting even the most sophisticated security programs by providing simple, safe interactions between technology and people,” said Stacy Stephens, EVP and chief client officer at Knightscope. “Our clients need new and innovative solutions so that people feel safe and secure when visiting public venues, and we look forward to a long, successful relationship supporting the entire OCCC team.”

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 the company at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

About the Orange County Convention Center

The award-winning Orange County Convention Center provides approximately $3 billion in economic impact to Central Florida annually. In recent years, the Convention Center has averaged nearly 200 events, including 115 conventions and trade shows that attract more than 1.5 million attendees to the region each year. For more information about the Orange County Convention Center, visit www.occc.net.

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. 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 Dec. 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/20221003005315/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

Source: Knightscope, Inc.

FAQ

What is the new contract announced by Knightscope (Nasdaq: KSCP)?

Knightscope has secured its first contract with the Orange County Convention Center to utilize its K5 Autonomous Security Robot for enhanced security.

How does the partnership impact Knightscope's market expansion?

This partnership represents Knightscope's entry into the convention center market, potentially opening doors for further contracts and partnerships.

What is the significance of the Orange County Convention Center for Knightscope (Nasdaq: KSCP)?

The OCCC is a major venue, hosting around 200 events annually and drawing over 1.5 million attendees, enhancing Knightscope's visibility and market reach.