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Knightscope, Inc. (symbol: KSCP) is a leading-edge security technology company based in Silicon Valley specializing in the design, development, and deployment of Autonomous Security Robots (ASRs). These sophisticated robots are an integral part of Knightscope's broader platform that blends robotics, predictive analytics, and collaborative social engagement aimed at predicting and preventing crime.
The company's ASRs, such as the K5, are autonomous machines equipped with a wide array of sensors to monitor their environments, providing a visible and commanding presence in public places where security is a priority. Each ASR can generate over 90 terabytes of data annually, communicating with the Knightscope Security Operations Center (KSOC) in real-time via a secure wireless network. The KSOC provides a browser-based user interface that allows for immediate alerts of any unusual or suspicious activity.
Knightscope offers its products on a Machine-as-a-Service (MaaS) basis, allowing clients to deploy these advanced security solutions at a cost-effective rate of $6.25 per hour, per machine, available for 24/7 deployment over one, two, or three-year terms. Currently, the K5 model is available for pre-order to select customers in Silicon Valley, catering to outdoor environments such as corporate campuses and data centers.
Beyond robots, Knightscope also develops and supports autonomous charging stations, proprietary software interfaces, and emergency communication devices. These technologies together create an ecosystem that ensures continuous data collection and comprehensive security coverage, both indoors and outdoors.
Knightscope's innovative approach to security has garnered significant attention, resulting in various partnerships and ongoing projects aimed at enhancing public safety. By leveraging cutting-edge technology, Knightscope remains at the forefront of the security industry, offering solutions that not only enhance safety but also streamline security operations for their clients.
Knightscope, Inc. [Nasdaq: KSCP] announces that its Authorized Partner, Transportation Solutions & Lighting, Inc. (NSS/TS&L), has issued purchase orders for 37 Emergency Communication Devices (ECDs). These orders include:
1. 20 K1 Blue Light Towers and 10 K1 Blue Light E-Phones for a Florida university
2. 4 K1 Blue Light Towers for a South Georgia not-for-profit medical center
3. 3 K1 Blue Light Towers for TS&L's inventory
The ECDs are designed to enhance public safety and provide emergency assistance through voice-to-voice communication using cellular or satellite networks. They are suitable for various settings, including educational institutions and healthcare facilities, offering both hardwired and wireless solutions.
Knightscope, Inc. [Nasdaq: KSCP] announces the renewal and expansion of emergency communication contracts with the New York City Fire Department (FDNY) and the Port Authority of New York and New Jersey (PANYNJ). The FDNY renewed its service agreement for K1 Call Boxes, while PANYNJ added a Full Service Maintenance Plan (FSMP) for 8 K1 Call Boxes on the George Washington Bridge.
Knightscope's K1 emergency call boxes provide reliable, one-touch communication with emergency services, offering exact location data and functioning even when cell phone service is unavailable. A recent life-saving event on the George Washington Bridge prompted further investment in the program. The FSMP ensures operational confidence through service maintenance support and software, enhancing public safety in New York City and surrounding areas.
Knightscope, Inc. [Nasdaq: KSCP] announces three new expansion contracts for its Emergency Communication Devices (ECDs). Counties in California, Tennessee, and Virginia are scaling up existing contracts to include additional devices and long-term ECD services.
Key expansions include:
- A northern California county adding 25 K1 Retrofit Kits to replace legacy competitive products
- A Tennessee county client adding a Full Service Maintenance Plan (FSMP) for 10 K1 Blue Light Towers
- A Virginia client adding a K1 Blue Light Tower, FSMP, and the Knightscope Emergency Management System (KEMS) program
These expansions aim to enhance public safety by providing reliable, one-touch access to emergency services and automated system monitoring.
Knightscope, Inc. [Nasdaq: KSCP], a company focused on robotics and artificial intelligence technologies for public safety, has announced that it has regained full compliance with Nasdaq's listing standards. The company received a letter from Nasdaq on October 1, 2024, confirming its compliance with the minimum bid price requirement.
Previously, on June 4, 2024, Knightscope was granted an extension by a Nasdaq Hearings Panel to comply with Listing Rule 5550(a)(2), which required the company to maintain a minimum bid price of $1 per share for at least 10 consecutive trading days. The company successfully met this requirement from September 16, 2024, through September 30, 2024, leading to the closure of the compliance matter.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces the expansion of its services with three existing clients. The company has deployed additional K5 Autonomous Security Robots (ASRs) at a hotel in Louisville, KY, a casino in Kansas City, KS, and a storage facility in Richmond, CA.
The Louisville hotel deployment marks the fifth K5 ASR for The Car Park, a Knightscope Authorized Partner. The Kansas City casino deployment is part of a larger master agreement announced in 2023, enabling expansion to 43 properties across the US. The Richmond storage facility deployment is the fifth location for one of the fastest-growing self-storage platforms in the US.
These K5 ASRs are designed to enhance safety, deter illicit activities, and serve as brand ambassadors. They offer features such as interactive experiences, conspicuous lighting, broadcast messages, and patrol sounds.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces that four clients have upgraded to the fifth generation of its K5 Autonomous Security Robot (K5v5). The clients include two casinos, a Class-A twin-tower office complex, and a storage facility. The K5v5 is faster to build, improves quality, and is easier to service. When combined with Knightscope's Risk & Threat Exposure (RTX) enhancement, it strengthens on-site performance and reliability, increasing client value and satisfaction.
Additionally, Knightscope's Robot Roadshow will be in Irving, Texas on October 3-4, 2024, at the Wealth & Passive Income Expo. The Roadshow allows potential clients and the public to experience Knightscope's self-driving, electric technologies through expert-led demonstrations in a climate-controlled pod.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, has announced two new deployments of its 5th Generation K5 Autonomous Security Robot (ASR). The deployments include:
1. A luxury hotel in Athens, Georgia, where the K5 ASR aims to enhance guest experience and safety.
2. A multi-family housing complex in Pittsburgh, Pennsylvania, owned by an investment company with properties in 14 states. This deployment adds to their existing two K1 ASRs and will help oversee safety during construction and after completion.
These deployments highlight Knightscope's growth in the hospitality and multi-family living markets. The company offers various public safety technologies, including ASRs, Blue Light Emergency Communication Systems, and Automated Gunshot Detection Services.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces two significant developments:
1. Contract Renewal in Texas: A Houston-based commercial real estate firm has renewed its agreement for one K1 Hemisphere and one K1 Tower to protect a large parking structure.
2. Robot Upgrade in California: Knightscope's oldest healthcare client, a California hospital dating back to 2016, received an upgrade to the fifth generation K5 Autonomous Security Robot (K5v5). This new version is faster to build, improves quality, and is easier to service.
These developments showcase Knightscope's growing expertise in securing commercial properties and its commitment to improving its technology. The company's Machine-as-a-Service model, enhanced with Risk & Threat Exposure (RTX), aims to elevate public safety tool delivery and improve client satisfaction.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, has announced three client contract renewals for its K5 Autonomous Security Robot (ASR) services. The renewals include:
1. An entertainment company operating casinos renewed for a property in Illinois, part of a larger agreement covering 43 U.S. properties.
2. A tier-one automotive supplier in Kentucky renewed for its 8th year of service.
3. An Oregon healthcare organization with over 70 facilities renewed its initial agreement for a second year, expanding from one to three K5 ASRs.
These renewals demonstrate Knightscope's value in enhancing safety across various industries, including entertainment, automotive, and healthcare sectors.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, has announced two new deployments of its 5th Generation K5 Autonomous Security Robot (ASR). The first deployment is at a Louisiana casino, marking the 10th property to receive Knightscope's ASRs under a larger master agreement with an entertainment company. This agreement, announced in 2023, allows for expansion to 43 properties across the United States.
The second deployment is at San Antonio International Airport in Texas, where the K5 ASR will be utilized in a secure, non-public indoor area to enhance security around controlled access points and assist with door alarm responses. This strategic placement aims to improve staff efficiency, allowing airport employees to focus on more critical passenger and operational services.
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