Oregon Hospital Deploys 1st K5 and Industrial Client Renews Contract for 2nd Year

Rhea-AI Summary

Knightscope announces new deployment and contract renewal for K5 Autonomous Security Robot

Positive

• Oregon healthcare organization deploys first K5 ASR, representing a fast-growing market segment
• ASRs can help healthcare clients meet accreditation standards and improve patient satisfaction
• Texas-based manufacturer renews K5 contract for second year, boosting confidence in facility safety

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 a new deployment and another contract renewal, both utilizing the Company’s K5 Autonomous Security Robot (“ASR”).

Oregon Hospital Deploys 1st K5 and Industrial Client Renews Contract for 2nd Year (Photo: Business Wire)

An Oregon healthcare organization with more than 70 primary care, specialty, and urgent care clinics; a hospital; a children’s hospital; and a 24-hour mental and behavioral health services center deployed its first K5 ASR at its hospital, a use case that represents one of Knightscope’s fastest growing market segments. When following Knightscope’s recommendations, ASRs can help healthcare clients meet or exceed the Joint Commission Hospital Accreditation Standards and potentially improve patient satisfaction that may in turn elevate Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) Scores – a key industry metric. Knightscope is proud to play an ongoing role in improving the safety of our nation’s healthcare providers, its patients and visitors. The K5 will patrol this hospital’s parking lot to deter criminal activity while enhancing patient and staff experience.

A Texas-based manufacturer of premium quality lubricants and associated products for the automotive, industrial and drilling markets renewed its K5 contract for the second year. The client originally became dissatisfied with the unreliable and expensive security guards at its facility and was looking for an alternative to protect their property and deter unwanted visitors and criminals. The K5 ASR has proven to be the reliable, persistent presence needed to boost confidence in the safety of this Houston facility, which is exemplified by the client’s decision to renew the agreement.

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/20230906269197/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

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Source: Knightscope, Inc.