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, 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.
Knightscope, an AI and robotics company, announced a new contract with a Texas municipality for 3 K1 Blue Light Towers. This contract was facilitated through their new partner, PMB Capital Investments. PMB, with over 30 years of real estate and capital markets experience, focuses on high-growth cities in the southwestern US. This contract marks a significant milestone for Knightscope, potentially opening doors for more municipal contracts.
Additionally, a Bay Area biotech real estate developer has renewed its contract for the third year, involving 2 K5 Autonomous Security Robots and 1 K1 Tower ASR for enhanced security. These renewals underscore Knightscope's role in protecting high-value assets and intellectual property at high-tech facilities.
Knightscope's technologies, including emergency communication systems and security robots, aim to provide reliable safety solutions. Interested parties can learn more through discovery calls or demonstrations on their website.
Knightscope (Nasdaq: KSCP) has announced a new contract with the New York City Fire Department (FDNY) to utilize its Knightscope Emergency Management System (KEMS) for monitoring 518 call boxes across Queens, Manhattan, the Bronx, and Brooklyn. The KEMS software will enhance public safety by providing real-time health and status updates of the emergency communication devices. This system offers immediate notifications when help buttons are pressed and automated daily email reports on the operational status of call boxes, eliminating the need for manual checks. The KEMS platform also delivers alerts and diagnostics to maximize system usability.
Knightscope has signed a deal with a privately held American hospitality company to deploy its K5 Autonomous Security Robots (ASRs) and Risk & Threat Exposure (RTX) analyst services at properties in Houston and Atlanta. The client, which operates over 150 locations across 26 states, aims to enhance safety at its mid-scale hotels using these robots. The K5 ASR, driven by proprietary AI, offers 24/7 surveillance and real-time threat alerts, improving guest and staff security.
Weatherspoon Enterprises, a North Carolina security services provider, has renewed its contract for a K5 ASR for the third year, using it as a demonstration device. The CEO of Weatherspoon, an experienced law enforcement and Army veteran, integrates these robots into their comprehensive security solutions.
Knightscope has announced that a top-50 US bank has signed an agreement to deploy its K5 Autonomous Security Robot (ASR) at a Kansas City location. This robot uses proprietary AI to enhance safety and provide an interactive experience. The bank aims to support its team members and community across its 275 branches. Furthermore, the University of Texas has expanded its use of Knightscope's technology by purchasing another K1 Blue Light Tower for its Tyler campus to improve emergency communication. Knightscope continues to offer various safety solutions, including automated gunshot detection and risk analysis services.
Knightscope, a leader in robotics and AI for public safety, has upgraded over 50% of its clients to the fifth generation K5 Autonomous Security Robots (ASR). This upgrade aims to enhance efficiency, quality, and serviceability, improving client satisfaction and moving towards profitability. The company's Machine 'hot-swaps' and the Risk & Threat Exposure (RTX) enhancement contribute to better on-site performance. Ascendiant Capital Markets maintains a 'buy' rating for Knightscope with a revised price target of $3.75 per share, highlighting potential strong growth and increased efficiencies.
Knightscope has secured a contract with an Ivy League university for a custom K1 Blue Light Tower, marking the beginning of a potential larger rollout across the campus. This initiative aims to enhance campus safety by providing reliable, one-touch emergency communication to services like police, fire, and EMS. The university hopes to create a safer environment for students, faculty, and visitors.
In addition, Pechanga Resort Casino has renewed its contract with Knightscope for the seventh consecutive year, continuing to deploy 6 Autonomous Security Robots (ASRs) to bolster security around the clock. The casino's VP of Public Safety praised Knightscope for its responsive customer service and adaptability.
FAQ
What is the current stock price of Knightscope (KSCP)?
What is the market cap of Knightscope (KSCP)?
What does Knightscope, Inc. do?
What are Autonomous Security Robots (ASRs)?
How does Knightscope's technology work?
What is the cost of deploying Knightscope's robots?
Where can Knightscope's robots be deployed?
What additional products does Knightscope offer?
What is the Knightscope Security Operations Center (KSOC)?
Can any business use Knightscope’s services?
How much data can a Knightscope robot generate?
What makes Knightscope's approach to security unique?
