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 (NASDAQ: KSCP) has successfully deployed a K5 Autonomous Security Robot (ASR) at a central Florida school, marking a significant achievement in enhancing school safety. This deployment comes in response to increasing concerns about security in educational institutions, particularly following incidents like the tragedy in Uvalde, Texas. The company aims to create safer environments for students and educators, reinforcing its mission of utilizing advanced technological solutions to deter and report security threats.
Knightscope, Inc (NASDAQ: KSCP) has announced a significant expansion in its market presence with the signing of a second contract for its K5 Autonomous Security Robot (ASR) from a major U.S. casino operator. This contract, following the first secured in Las Vegas, will see the K5 deployed in an Iowa casino to enhance security and deter criminal activity. The success of these contracts is linked to Knightscope's engaging Robot Roadshow, demonstrating the technology's effectiveness in real-life scenarios.
Knightscope, Inc. has achieved the “In-Process” stage for the Federal Risk and Authorization Management Program (FedRAMP), a significant milestone for security technology providers. This certification allows Knightscope to engage in discussions with federal agencies to provide cloud-based security services. Over 17 months, their cybersecurity team developed a secure environment which was rigorously tested, leading to their listing as a service provider for a Government Law Enforcement Agency. Only 83 companies have reached this stage, highlighting the competitive nature of receiving an Authority to Operate.
Knightscope, Inc. (NASDAQ: KSCP) has deployed its K1 Autonomous Security Robot at the facilities of an emerging eCommerce client to enhance security at employee entrances on a 20-acre property. With cargo theft causing estimated annual losses of $35 billion in the U.S., this strategic move is aimed at preventing criminal activity in distribution and manufacturing centers.
Knightscope continues to advance its mission of improving safety in U.S. security operations with innovative technology.
Knightscope, Inc. (NASDAQ: KSCP) has announced its upcoming Robot Roadshow event in The Bronx, NY, scheduled for June 2, 2022, from 10:00 AM to 2:00 PM ET. This engaging event aims to foster connections with potential clients through interactive experiences with their Autonomous Security Robots (ASRs). The Robot Roadshow has made 44 landings across 15 states and Washington, D.C., showcasing Knightscope’s innovative security technologies. Attendance is free, but appointments are recommended as slots fill up quickly.
Knightscope, Inc (NASDAQ: KSCP) has announced a new contract in Houston, TX, with a notable multifamily investment firm managing over 180 apartment communities housing more than 60,000 homes across the U.S. The firm seeks to enhance security measures by deploying a K5 Autonomous Security Robot (ASR) to patrol its parking structure, addressing local issues like break-ins and thefts. This expansion signifies Knightscope's ongoing commitment to providing advanced security solutions and increasing its market penetration in residential sectors.
Knightscope, Inc. (Nasdaq: KSCP) has announced the deployment of its K5 Autonomous Security Robot in a northern California park, aimed at enhancing community safety. This initiative is backed by a parks and recreation organization serving a densely populated area. Notably, the chief of police participated in a recent webinar discussing the successful use of ASRs in public spaces, which influenced the organization's decision to engage Knightscope.
Knightscope, Inc. has announced the deployment of its Autonomous Security Robot (ASR) in the San Francisco Bay Area, partnering with a Fortune 500 clothing retailer. This move aims to enhance security amid rising theft rates, which cost local businesses approximately $3.6 billion annually. The K5 ASR will patrol the retailer’s headquarters, aiding in the detection of crime and facilitating law enforcement. This deployment could signify potential for broader market expansion as businesses increasingly seek advanced security solutions.
Knightscope, Inc (NASDAQ: KSCP), a leader in autonomous security technology, has secured an additional contract with a Fortune 500 client. This client, a longstanding consumer food manufacturer, added a second K5 Autonomous Security Robot to its existing agreement, now patrolling two sites across nearly 30 campuses nationwide. The deployment aims to enhance the client's security operations while evaluating the feasibility of a broader rollout in the future.
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