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Real Estate Developer in Texas Renews Knightscope Contract for 5th Year
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Rhea-AI Summary
Knightscope, Inc (NASDAQ: KSCP), a leader in advanced physical security technology, has renewed its contract with a top alternative asset manager in Texas for a 5th year. This contract covers two locations and highlights the client's extensive portfolio of over 800 properties, ranging from retail to hospitality. Knightscope aims to enhance community safety through its autonomous security robots, aligning with the client's vision of innovation in real estate.
Positive
5-year contract renewal with a major alternative asset manager in Texas.
Contract covers two locations, indicating continued demand for Knightscope's services.
Client operates over 800 diverse properties, enhancing Knightscope's market footprint.
Negative
None.
Public Safety Innovator Continues Market Expansion
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Knightscope, Inc. [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced that one of the largest alternative asset managers in the world has renewed its Autonomous Security Robot contract for a 5th year for two locations in central Texas. This client develops and operates over 800 properties ranging from office to retail, logistics to multifamily, and hospitality to development. Their vision is that “real estate creates real innovation,” and Knightscope certainly aligns with it, and is proud to continue working to energize communities, transform industries, and enhance lives with them in the Great State of Texas.
Real Estate Developer in Texas Renews Knightscope Contract for 5th Year (Photo: Business Wire)
About Knightscope
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.
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. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021. 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.
What is the significance of Knightscope's recent contract renewal?
Knightscope's renewal of its contract for a 5th year with a major alternative asset manager indicates sustained client confidence and a steady revenue stream for the company.
Which locations are covered by the renewed contract for Knightscope?
The renewed contract covers two locations in central Texas.
What kind of properties does Knightscope's client manage?
The client manages over 800 properties, including office, retail, logistics, multifamily, and hospitality.
How does Knightscope's technology enhance security?
Knightscope's autonomous security robots are designed to deter, detect, and report, aiming to improve safety in various environments.
What is the stock symbol for Knightscope?
Knightscope is traded under the stock symbol KSCP on NASDAQ.
