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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] has secured three new contracts for its Emergency Communication Devices (ECDs). These include:
- 4 K1 Blue Light Towers sold to a New Jersey customer by Knightscope Authorized Partner Colonial Electric
- Two universities (in California and Texas) expanding their existing contracts to include long-term ECD services
The company's modern blue light ECDs offer reliable, one-touch access to emergency services, addressing limitations of cell phone dependence. Knightscope's Full Service Maintenance Plan (FSMP) and Emergency Management System (KEMS) provide operational confidence for over 150 ECDs across the two universities, featuring automated daily email reports on system status.
Knightscope, Inc. [Nasdaq: KSCP] has deployed two security robots in Atlanta's Old Fourth Ward. Wingate Companies, a real estate firm managing over 19,000 units across 19 U.S. states, has integrated Knightscope's K1 and 5th Generation K5 Autonomous Security Robots (ASRs) into its community safety program. The robots are patrolling City Lights, an elderly affordable community for residents 62 and older.
Local resident Juanita Johnson expressed satisfaction with the robots, stating, 'It makes me feel safer... and it works every day. I love it.' This deployment marks Knightscope's expansion in the Greater Atlanta area, showcasing the company's commitment to enhancing public safety through innovative robotics and AI technologies.
Knightscope, Inc. [Nasdaq: KSCP] has announced significant progress in upgrading its K5 Autonomous Security Robot fleet to the fifth generation (K5v5). 70% of the company's operating K5 robots have now been advanced to this latest release, marking a important step towards the company's profitability goals outlined during its first annual Innovation Week.
The K5v5 represents a fully redesigned security robot that is faster to build, improves quality, and is easier to service. When combined with Knightscope's recently announced Risk & Threat Exposure (RTX) enhancement to its Machine-as-a-Service business model, the company aims to elevate the delivery of public safety tools to its clients, strengthening on-site performance, reliability, and overall client satisfaction.
Knightscope (Nasdaq: KSCP), a leader in robotics and AI technologies for public safety, announced two new contracts for its Emergency Communication Devices (ECDs) in the education sector. A college in Southern California will replace a legacy system with Knightscope's K1 Retrofit Kits, Knightscope Emergency Management System (KEMS), and a Full Service Maintenance Plan (FSMP). Additionally, a university in North Dakota has ordered three K1 Blue Light Towers, one K1 Blue Light E-Phone, and KEMS. Knightscope's ECDs feature wireless solar power, wireless phone connectivity, and self-monitoring software. These advanced systems enhance campus safety by providing reliable, one-touch access to emergency services and automated operational status reports.
Knightscope, Inc. [Nasdaq: KSCP] has deployed 6 Autonomous Security Robots (ASRs) at a Michigan casino, marking the 9th property to receive Knightscope's technology under a master agreement announced in 2023. The deployment includes 2 5th Generation K5s and 4 K1 Hemispheres. This agreement allows for expansion to 43 properties across the United States. The company highlights benefits of selling to existing clients, including shorter sales cycles, higher close rates, better margins, and optimized cost-to-serve. Other properties in various states have also deployed robots to enhance safety and guest experience.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces the expansion of a contract with a California-based healthcare client. The client, who initially deployed a K5 Autonomous Security Robot (ASR) in 2023, has now subscribed to a second K5 ASR for another location. Knightscope's K5 ASR is an outdoor robot that provides 24/7/365 property surveillance without human intervention. It features AI-driven software, interactive capabilities, and advanced safety measures.
Healthcare organizations have been partnering with Knightscope to improve emergency communications, physical safety, and patient satisfaction. The adoption of such technologies may potentially help in maintaining or increasing HCAHPS scores, which measure patients' perspectives of hospital care.
Knightscope, Inc. [Nasdaq: KSCP] has secured two new contracts for its Emergency Communication Devices (ECDs). A private Episcopal school in southern California is expanding its system with an additional K1 Blue Light Tower and a Full Service Maintenance Plan. Additionally, City Wide Solutions, a Knightscope Authorized Partner, is upgrading existing Blue Light Towers on healthcare clinic campuses in Ohio with Knightscope's K1 Retrofit Kits.
Knightscope's ECDs offer advantages over cell phones, including reliability in areas with poor signal and ease of location identification for emergency responders. The company's Retrofit Kits modernize outdated systems with features like wireless solar power and self-monitoring software. The Knightscope Emergency Management System (KEMS) provides automated daily reports on system status, enhancing efficiency and reliability.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces a purchase order for 23 K1 Blue Light Emergency Phones from its Authorized Partner, Transportation Solutions & Lighting, Inc. The devices will be installed at a leading Florida cancer center. Knightscope's E-Phones are designed to be hardwired or wireless, making them suitable for hospital settings and compliant with ADA Standards. The K1 Blue Light E-Phone provides clear voice-to-voice communication using cellular or satellite networks, enhancing public safety and emergency assistance access. This order demonstrates Knightscope's expansion in the healthcare sector, offering safety solutions for patients and healthcare professionals.
Knightscope, Inc. [Nasdaq: KSCP] announces that a private university in New Hampshire is expanding its emergency communication device conversion with 28 K1 Retrofit Kits. This completes the expansion project that began in summer 2023, upgrading over 40 legacy hardwired systems to Knightscope's wireless devices. The K1 Retrofit Kits upgrade outdated blue-light-style phones and call boxes with features like wireless solar power, wireless phone connectivity, and self-monitoring software. The Knightscope Emergency Management System (KEMS) provides automated daily email reports on system status, eliminating the need for manual testing. Optional add-ons include text messaging and real-time graphical mapping.
Knightscope, Inc. [Nasdaq: KSCP] announces two new contracts for its emergency communication systems. A Colorado ski resort purchased a K1 Call Box with a Full-Service Maintenance Plan (FSMP) and Knightscope Emergency Management System (KEMS) software. A southern California municipality expanded their agreement, adding Installation and FSMP for 10 K1 Blue Light Emergency Phones.
KEMS provides immediate text/email notifications for help button presses and automated daily email reports on system status. The FSMP ensures high reliability for these critical communication points. Knightscope's Q2 2024 Town Hall is scheduled for August 15, 2024, featuring a pre-recorded update on Q2 performance followed by a live Q&A session.
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