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, 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.
Knightscope, a leader in robotics and AI technologies for public safety, has announced two significant updates. The City of Phenix, Alabama, has signed a contract for six K1 Hemisphere Autonomous Security Robots (ASRs). Additionally, a property owner in Nashville, Tennessee, has renewed their contract for a K5 ASR for the third year. Knightscope's ASRs have been effective in reducing non-violent crimes and enhancing public safety across various settings, including businesses, schools, and parking structures. With nearly 3 million operation hours, the K1 Hemisphere offers features like high-definition video, license plate recognition, and optional facial recognition.
Knightscope has been granted an extension by the Nasdaq Hearings Panel to comply with the Bid Price Rule by October 4, 2024. The company, trading under the ticker KSCP, needs to obtain shareholder approval for a reverse stock split by August 16, 2024, and effectuate this split by September 20, 2024. They must maintain a $1 closing bid price for ten consecutive business days before the final deadline. Additionally, Knightscope addressed investor concerns about shares being loaned for short selling in a recent blog post.
Knightscope (Nasdaq: KSCP), a leader in robotics and AI technologies for public safety, announced two new contracts for its emergency communication devices and KEMS software. A healthcare group in Minnesota and a university in Texas acquired these systems to enhance emergency service access. The K1 Blue Light Towers and KEMS platform offer reliable, one-touch communication to police, fire, and EMS services, addressing issues like cell phone unavailability and visitor unfamiliarity with campus geography. The cloud-based KEMS platform provides real-time diagnostics and automated operational reports, boosting system efficiency and safety.
Knightscope, a leader in robotics and AI for public safety, has announced a partnership with EnGoPlanet, a Houston-based solar street lighting company, to develop the Knightscope K1 Super Tower (K1ST). The K1ST is a 20-foot solar-powered street light featuring advanced public safety technology, including blue-light strobe, emergency communications, 360-degree ultra-HD video, Automated Gunshot Detection, Automated License Plate Recognition, a mass-notification speaker, and an interactive display. This collaboration aims to enhance sustainable infrastructure and public safety. The initiative aligns with the Inflation Reduction Act of 2022, promoting energy-efficient and climate-smart solutions. EnGoPlanet’s CEO expressed excitement about integrating their advanced solar, battery, and LED solutions with Knightscope’s public safety technology.
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