Real Estate Investor Renews Knightscope Contract for Fifth Year

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has announced the renewal of a contract for its K5 Autonomous Security Robot (ASR) for the fifth consecutive year by a long-term client. The robot, known as 'Optimus Crime,' operates in a mixed-use parking structure in the San Francisco Bay Area, ensuring the safety of visitors and vehicles. Additionally, Knightscope will showcase its 'Robot Roadshow' at the City Leadership Forum in Las Vegas on March 29-30, allowing public safety leaders to observe the technology firsthand.

Positive

• Long-term client renewed K5 ASR contract for the fifth consecutive year.
• Demonstration of technology at City Leadership Forum could attract new clients.

Negative

• None.

Robot Roadshow to be Featured at City Leadership Forum in Las Vegas 29-30 March

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, today announces that a long-time client has renewed its K5 Autonomous Security Robot (ASR) contract for the fifth consecutive year.

Real Estate Investor Renews Knightscope Contract for Fifth Year (Photo: Business Wire)

The client’s affectionately named “Optimus Crime” ASR patrols a San Francisco Bay Area mixed use parking structure to help protect the property, visitors and their vehicles. To learn more about how robots serve commercial real estate and to make properties more desirable for tenants and guests, read Knightscope’s recommendations for real estate investors/developers here.

Want a long-term security technology solution for your property? Book a discovery call or meeting now at www.knightscope.com/discover to learn more about Knightscope’s Autonomous Security Robots and blue light emergency communication systems.

LAS VEGAS CITY LEADERSHIP FORUM

Knightscope’s Robot Roadshow is touring the U.S. and will be stopping next in Las Vegas on 29-30 March for the City Leadership Forum to allow public safety leaders to view these technologies in action and in person. Those looking for innovative security solutions or improved emergency communications for locations in the U.S. are encouraged to book their slot for Las Vegas or any other Roadshow Landings by clicking here.

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 the Company 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. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. 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. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts 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; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts 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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230309005316/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

Source: Knightscope, Inc.

FAQ

What recent contract did Knightscope, Inc. (KSCP) renew?

Knightscope renewed a contract for its K5 Autonomous Security Robot (ASR) for the fifth consecutive year.

When is the Knightscope Robot Roadshow in Las Vegas?

The Knightscope Robot Roadshow will be in Las Vegas on March 29-30.

Where is the K5 ASR 'Optimus Crime' deployed?

The K5 ASR 'Optimus Crime' is deployed in a mixed-use parking structure in the San Francisco Bay Area.