School and Transit Clients Expand Knightscope Contracts

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) announces two expansion contracts for its Emergency Communication Devices (ECDs). A Houston area school district with 48 K1 Blue Light Towers and a central California transportation commission with 224 K1 Call Boxes have both added Full-Service Maintenance Plans (FSMP) to their existing agreements. The FSMP provides comprehensive support, parts, and service for all ECDs, ensuring high reliability and uptime.

Additionally, Knightscope's Robot Roadshow is scheduled to visit Cambridge, MD on August 8, 2024. Hosted by X9 Intelligence, a Knightscope Authorized Partner, the event will showcase the company's self-driving, electric technologies, including Autonomous Security Robots and blue light emergency phones. The free event aims to demonstrate Knightscope's public safety solutions to potential clients and the general public.

Positive

• Two existing clients expanded their contracts by adding Full-Service Maintenance Plans
• Expansion contracts indicate client satisfaction and potential for increased revenue
• FSMP ensures high reliability and uptime for critical communication devices
• Robot Roadshow event in Cambridge, MD may attract new potential clients

Negative

• None.

Robot Roadshow Heads to Cambridge, MD

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces two expansion contracts, one for a Texas school district and the other a California transportation commission, each adding a Full-Service Maintenance Plan (“FSMP”) to protect their investment in the Company’s Emergency Communication Devices (“ECDs”).

School and Transit Clients Expand Knightscope Contracts (Graphic: Business Wire)

A Houston area school district with 48 K1 Blue Light Towers currently spread across their properties and a central California transportation commission with 224 K1 Call Boxes both expanded the scope of their agreements, adding FSMP to provide white-glove support, parts and service for all of their ECDs. When coupled with the Knightscope Emergency Management Software (“KEMS”), the FSMP ensures the highest levels of reliability and ‘up-time’ for these critical points of communication needed to summon help in a time of crisis or distress. When not using KEMS, the clients still have 24/7 access to request support through the Company’s expert technicians.

One of the best ways to gauge the overall health and performance of a company is by watching its existing clients – especially those that broaden the use of one’s products and services. The benefits of such expansions include shorter sales cycles, higher more efficient close rates and optimized cost-to-serve.

GET EXPERT HELP

To learn more about portfolio of public safety technologies, including the recently announced K1 Laser or any of its Autonomous Security Robot, Blue Light Emergency Communication System or Automated Gunshot Detection Services, book a discovery call or demonstration today at www.knightscope.com/discover.

KNIGHTSCOPE’S ROBOT ROADSHOW TO LAND IN CAMBRIDGE

X9 Intelligence, a Knightscope Authorized Partner (“KAP”), is hosting the Robot Roadshow in Cambridge, MD, on August 8, 2024, from 10am – 2pm Eastern Time.

The Robot Roadshow is an engaging experiential event, allowing potential clients and the general public to participate in expert-led demonstrations in a climate controlled, space-age “pod” where attendees may experience the self-driving, electric technologies that are already helping protect the places people live, work, study and visit. Visitors will be able to interact directly with Autonomous Security Robots, test a blue light emergency phone, and see the Knightscope Security Operations Center (KSOC) user interface in action.

Watch a brief video of the Robot Roadshow at the Tesla Takeover here.

The Robot Roadshow is free to attend for everyone. Those wishing to schedule a time to get one-on-one attention may book a Pod visit here.

About Knightscope

Knightscope builds cutting-edge technologies to improve public safety, and our 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.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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 the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. 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, including the factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. 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/20240731218929/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

What new contracts did Knightscope (KSCP) announce?

Knightscope announced two expansion contracts: one with a Houston area school district and another with a central California transportation commission. Both clients added Full-Service Maintenance Plans to their existing agreements for Emergency Communication Devices.

How many K1 devices are covered in the new Knightscope (KSCP) contracts?

The contracts cover 48 K1 Blue Light Towers for the Houston area school district and 224 K1 Call Boxes for the central California transportation commission.

When and where is the next Knightscope (KSCP) Robot Roadshow event?

The next Knightscope Robot Roadshow event is scheduled for August 8, 2024, from 10am to 2pm Eastern Time in Cambridge, MD. It will be hosted by X9 Intelligence, a Knightscope Authorized Partner.

What products will be demonstrated at the Knightscope (KSCP) Robot Roadshow?

The Robot Roadshow will demonstrate Knightscope's Autonomous Security Robots, blue light emergency phones, and the Knightscope Security Operations Center (KSOC) user interface.