Welcome to our dedicated page for Knightscope news (Ticker: KSCP), a resource for investors and traders seeking the latest updates and insights on Knightscope stock.
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) announced its participation in the Violence in the Workplace Prevention Summit in Portland, OR on November 11, 2022. The event features Knightscope’s Robot Roadshow, showcasing its autonomous security robots in a hands-on environment. With 68 successful landings across 23 states and Washington, D.C., this initiative aims to foster client connections and demonstrate technology designed to enhance security. Attendance is free, though appointments are recommended due to high demand.
Knightscope, Inc. (Nasdaq: KSCP) has deployed 25 additional Autonomous Security Robots (ASRs) and K1 Blue Light Towers across the United States. Notable placements include a California resort with its first K5 ASR, adding 15 K1 Towers at a Virginia property, and installations in Colorado and Ohio aimed at enhancing security and communication. This expansion aligns with Knightscope's mission to enhance public safety through innovative technology, marking a continued growth trajectory within the security sector.
Knightscope, Inc. (Nasdaq: KSCP) has secured a contract with a Florida college to provide 22 K1 Blue Light Towers, adding to previously retrofitted emergency call systems. This initiative addresses campus safety challenges exacerbated by budget constraints and staffing shortages. The new towers will utilize solar-powered cellular and satellite communications, enhancing safety for students and faculty. This marks Knightscope's first sale linked to its recent acquisition of CASE Emergency Systems, reinforcing its commitment to improving campus security.
Knightscope, Inc. (Nasdaq: KSCP) announces the acquisition of five new contracts for its Autonomous Security Robot (ASR) services, expanding its market presence across various U.S. locations. These new contracts include deployments in a pharmaceutical facility in Ohio, two hotels in Tennessee and Washington, a sports complex in New York, and a multi-family housing complex in Pennsylvania. This expansion adds to the previously disclosed 30 contracts in 2022, reinforcing Knightscope's commitment to addressing security challenges while generating recurring revenue.
Knightscope, Inc. (NASDAQ: KSCP) announced its Robot Roadshow event in Houston, TX, set for October 27, 2022. This experiential marketing initiative aims to engage potential clients and showcase its autonomous security robots. The event will be held at EastGroup Properties from 10:00am to 2:00pm CT. This campaign has led to 67 stops across 23 states and Washington, D.C., promoting the effectiveness of Knightscope’s technology in enhancing security. Attendees will interact with the robots and learn about the Knightscope Security Operations Center during the event.
Knightscope, Inc. (Nasdaq: KSCP) has successfully acquired CASE Emergency Systems, enhancing its capabilities in autonomous security solutions. The acquisition aims to leverage CASE's established relationships with key clients, including the New York Police Department and others. This partnership is expected to bolster Knightscope's sales strategy and expand its product offerings in public safety infrastructure, focusing on innovative technologies like AI and robotics for crime fighting.
Knightscope, Inc. (NASDAQ: KSCP) has announced its upcoming Robot Roadshow, taking place on October 18, 2022, at the Commemorative Air Force in Dallas, TX. This interactive event allows attendees to engage with the company's Autonomous Security Robots (ASRs) and experience the Knightscope Security Operations Center user interface. The Roadshow, which has visited 64 locations across 23 states, aims to enhance security awareness and drive sales.
Knightscope, Inc. (NASDAQ: KSCP) is set to host its Robot Roadshow at Miami Valley Gaming in Lebanon, Ohio, on October 12, 2022, from 10:00 AM to 2:00 PM ET. This interactive event will showcase Knightscope's autonomous security robots, allowing attendees to experience advanced security technology. The tour has reached 63 locations across 23 states and Washington, D.C., promoting direct client engagement. Visitors can interact with robots and see the Knightscope Security Operations Center (KSOC) in action. Participation is free, but appointments are recommended.
Knightscope, Inc (Nasdaq: KSCP) announced a virtual Town Hall meeting on October 12, 2022, at 5pm PT regarding its recent acquisition of CASE Emergency Systems. The event, hosted by CEO William Santana Li, aims to discuss the acquisition's implications. Registration is required to attend. Knightscope focuses on developing autonomous security robots to enhance public safety. The company aspires to make the USA the safest country through technological innovation.
Knightscope, Inc. (Nasdaq: KSCP) has announced the acquisition of CASE Emergency Systems, aiming to enhance its revenue and community safety impact. The deal is anticipated to close in October, with CASE generating over $5.4 million in profitable revenue in 2021. This acquisition expands Knightscope's physical presence, with CASE's 7,000 emergency phones deployed nationwide and established relationships with key clients in various sectors. The transaction is structured as an asset purchase, funded through a convertible notes offering, with an initial conversion price of $5.00 per share.
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