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 upgraded a K5 Autonomous Security Robot (ASR) to its fifth generation at a San Diego multifamily residential community. This upgrade, deployed by Knightscope Authorized Partner JDS Security, marks progress towards the company's 'Road to Profitability' goal.
The client, a top-ranked multifamily housing owner and developer by the National Multifamily Housing Council, has expanded its contract by adding a K1 Hemisphere ASR. With over 37 years in the sector, the client manages 41,000 units across 30 markets, representing significant expansion potential for Knightscope.
The K1 Hemisphere deployment coincides with the K5 upgrade, enhancing safety measures for the community. Knightscope continues to focus on public safety through robotics and AI technologies, offering services including Risk & Threat Exposure Analysis, Blue Light Emergency Communication Systems, and Automated Gunshot Detection.
Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces the 6th consecutive year contract renewal with a California marketplace client. The client, operating flea markets and swap meets, continues to use one K5 Autonomous Security Robot (ASR) and two K1 Hemispheres to protect their San Francisco Bay Area property.
Initially deploying a K5 in 2019 to address vehicle break-ins, the client later added K1 Hemispheres to enhance their security program. Quarterly reviews show the elimination of night-time vehicle break-ins and a significant drop in reported thefts, leading to high client satisfaction. This renewal supports Knightscope's mission to make the United States the safest country globally and strengthens the company's long-term value proposition.
Knightscope, Inc. [Nasdaq: KSCP] announces two expansion contracts for university clients in Louisiana and New Jersey. The Louisiana university police department subscribed to the Knightscope Emergency Management System (KEMS) software to monitor 11 K1 Blue Light Towers across campus. In New Jersey, a large university client with nearly 300 Emergency Communication Devices added a Full-Service Maintenance Plan (FSMP) to cover all Blue Light Towers and E-Phones on campus.
Additionally, Knightscope's Robot Roadshow is scheduled to visit Baltimore, MD, on July 26, 2024, hosted by X9 Intelligence, a Knightscope Authorized Partner. The event will showcase Knightscope's self-driving, electric technologies, including Autonomous Security Robots and the blue light emergency phone system.
Knightscope (NASDAQ: KSCP) has secured a new contract to provide 8 K1 Blue Light Towers to a college in Nevada. The towers, equipped with solar panels, mass notification speakers, and faceplate cameras, will enhance campus safety. The client has also subscribed to a full-service maintenance plan and the Knightscope Emergency Management System (KEMS) software.
Additionally, Knightscope's Robot Roadshow will be featured at the 18th Annual Veterans Affairs Healthcare Summit in Arlington, VA, on July 23-24, 2024. The Roadshow offers an interactive experience with Knightscope's autonomous security technologies, including robots and emergency communication systems.
Knightscope [Nasdaq: KSCP] has unveiled the K1 Laser, a new product targeting the 80+ million security camera market. This lidar-based technology detects people and objects, offering enhanced situational awareness for improved safety in various settings. The K1 Laser can be installed on fixed infrastructure or combined with Knightscope's K1 portfolio of stationary technologies.
Key features include:
- Advanced monitoring and safety technology
- Operation in adverse weather and low/no light conditions
- Integration with lidar-based perception software
- Potential to reduce false alarms and missed events by up to 95%
The K1 Laser complements Knightscope's existing Autonomous Security Robots (ASR) business, expanding its stationary product line in the public safety sector.
Knightscope, an innovator in robotics and AI technologies focused on public safety, has announced a new contract for its K1 Emergency Communication Devices (ECDs) with a high school in Texas, alongside a renewal of its full-service maintenance agreement with Mountain View, California. The Texas high school, located just south of Houston, has purchased two K1 Blue Light Towers to enhance campus safety and subscribed to the Knightscope Emergency Management System (KEMS). This system provides immediate text/email notifications, real-time error detection, and system performance statistics, ensuring reliable, one-touch access to emergency services. The K1 Blue Light Towers offer direct communication during emergencies, helping to create a secure environment for students, faculty, and visitors.
Knightscope, a leading robotics and AI technology firm, has secured three new contracts for its K1 Emergency Communication Devices (ECDs), enhancing public safety programs. The locations benefiting from these installations include South Boston, Virginia; Farmington, Pennsylvania; and Buffalo Grove, Illinois. In South Boston, a global tech company purchased a solar K1 Blue Light Tower for an employee parking lot, facilitated by Knightscope's new partner, MSC Direct. In Farmington, a crafts school in a remote area will use the K1 Call Box with satellite communication due to poor cellular service. Buffalo Grove's installation involves a K1 Blue Light Tower and a subscription to Knightscope's Emergency Management System (KEMS) for real-time monitoring and notifications.
An online retailer in Georgia has deployed four of Knightscope's K1 Hemisphere Autonomous Security Robots across their warehouses in Atlanta, Georgia, and Pompano Beach, Florida. These robots aim to enhance employee safety and deter theft and trespassing. Additionally, a marina in Texas has contracted Knightscope to install its first K1 Blue Light Emergency Phone for improved guest safety.
The four warehouses offer over 40,000 genuine, brand name fragrances, skincare, makeup, haircare, aromatherapy, and candles. The Hemispheres are deployed to monitor driveways and loading docks where mobility of larger security robots is not required. The Texas marina’s decision to implement the emergency phone system is part of its efforts to provide a secure and hospitable environment.
Knightscope, a leader in robotics and AI for public safety, has announced the deployment of two new K5 Autonomous Security Robots (ASRs) at a fast-growing self-storage company in California. The K5 ASRs will enhance security and act as brand ambassadors by broadcasting helpful messages. The client is evaluating the success of these deployments for potential expansion to other locations. The global self-storage market, valued at $54 billion in 2022, is expected to grow to $83.6 billion by 2027 at a CAGR of 7.53%, with 90% of inventory in the U.S. Enhanced safety measures at these facilities can maximize occupancy and increase revenue per square foot.
Knightscope (Nasdaq: KSCP) announced the renewal of contracts for its K5 Autonomous Security Robot by two clients: a commercial real estate property in California for the third year, and a healthcare provider in New York for the second year. The K5 ASR has notably reduced property vandalism and car break-ins by 90% at Santa Clara Towers in Silicon Valley. The healthcare facility in New York utilizes the robot to enhance the safety and security of its lobby, benefiting residents, employees, and visitors. Knightscope's technologies aim to improve public safety, emergency communications, and patient satisfaction across various sectors.
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