Port Authority NY NJ Expands use of KEMS After Life Saving Event
- Expansion of KEMS to monitor 11 K1 Call Boxes on the Bayonne Bridge for suicide prevention after a successful rollout on the George Washington Bridge crisis phones.
- PANYNJ responded to a distressed caller within 5 minutes of receiving a text alert, showcasing the effectiveness of KEMS.
- Structure Consulting Group becomes the newest Knightscope Authorized Partner, focusing on delivering K1B emergency communication systems to clients in infrastructure projects.
- The KAP program allows Knightscope to reach a broader customer base and drive growth and revenue, supporting its 2024 Roadmap to Profitability.
- Structure Consulting Group collaborates with clients in telecommunications, energy, government, and transportation sectors.
- None.
Insights
Knightscope's expansion of its KEMS Professional service with Port Authority New York New Jersey is a strategic move that enhances the company's presence in public safety solutions. The successful deployment and subsequent life-saving incident on the George Washington Bridge may serve as a compelling case study for potential clients. This could lead to increased demand for Knightscope's services, particularly in sectors requiring robust emergency communication systems. The partnership with Structure Consulting Group to deliver the K1B line of emergency communication systems may diversify Knightscope's revenue streams and expand its market share in the infrastructure sector.
Moreover, the KAP program's focus on established resellers could streamline the sales process, potentially reducing the sales cycle and accelerating revenue generation. This strategic partnership aligns with Knightscope's 2024 Roadmap to Profitability, indicating a proactive approach to market penetration and revenue growth. Investors may view these developments positively as they illustrate Knightscope's commitment to expanding its market reach and improving its financial performance in the near term.
The announcement of the KEMS system's expansion and the new partnership with Structure Consulting Group could have financial implications for Knightscope. The adoption of Knightscope's technology by a significant entity like PANYNJ may signal market confidence in the company's products and could potentially lead to similar contracts with other public authorities or private entities seeking to enhance their emergency response capabilities.
From a financial perspective, the cloud-based nature of the KEMS platform may contribute to a scalable business model with recurring revenue streams. Automated daily email reports and real-time diagnostics could reduce maintenance costs and increase customer satisfaction, potentially leading to higher retention rates. The KAP program's ability to reach a broader customer base, combined with the focus on high-impact infrastructure projects, suggests a strategic positioning that could support a steady increase in revenue and a path toward profitability.
Knightscope's AI and robotics technologies, particularly in the realm of public safety, represent a growing niche in the tech industry. The KEMS platform's ability to provide real-time monitoring and immediate notifications is a significant advancement over traditional systems that require manual checks. This technological edge could become a major selling point for prospective clients who prioritize efficiency and advanced diagnostics.
The partnership with Structure Consulting Group, which serves clients in telecommunications, energy, government and transportation, suggests Knightscope's intention to penetrate these industries by leveraging the expertise and client base of its partner. This could lead to an increased adoption rate of Knightscope's technologies, potentially setting new industry standards for emergency communication systems. The focus on infrastructure projects also aligns with current trends in smart city development and the increasing integration of AI into public services.
Structure Consulting Group is Newest Knightscope Authorized Partner
Port Authority NY NJ expands use of KEMS after life saving event. Structure Consulting Group is newest Knightscope Authorized Partner. (Graphic: Business Wire)
The KEMS platform allows clients and technicians to better understand the real-time health and status of deployed emergency communication devices and receive immediate text/email notification whenever a help button is pressed. The cloud-based application provides system owners automated daily email reports on the operational status of their system rather than having to manually test each device in person as required by competitive products. Alerts concerning issues, real-time error detection/diagnostics, and system performance statistics are delivered to the users to maximize system operation and usability.
Knightscope Authorized Partner Announced in New England
The newest Knightscope Authorized Partner (“KAP”) is located in the suburbs of
The KAP program enables the Company to access a wider range of end users, boosting growth and revenue – a key component supporting its 2024 Roadmap to Profitability. KAP agreements are limited to established resellers that focus on serving
Knightscope’s E-Phones boost safety by delivering enhanced wireless connectivity to critical services such as police, fire and EMS through a one-touch, ADA compliant device. Coordinated and efficient response is achieved with pinpoint accuracy since the exact location of each device is known, ensuring the well-being of those choosing to use the E-phones instead of cellular devices when geographic familiarity is a challenge, cellphone batteries are dead or carrier coverage is limited.
Those interested in becoming a KAP are encouraged to email contact@knightscope.com.
About Knightscope
Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make
Forward-Looking Statements
This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about executive transitions and the timing thereof, and the Company’s goals, profitability, and growth. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that executive transitions may have greater costs than anticipated; that executive transitions may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; that executive transitions may negatively impact the Company’s business operations and reputation with or ability to serve customers; or that executive transitions may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240306658983/en/
Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
Source: Knightscope, Inc.
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