Transit System Client Upgrades 97 Emergency Call Boxes with Knightscope (Nasdaq: KSCP) K1 Technology

Rhea-AI Summary

Knightscope, Inc. (Nasdaq: KSCP) has secured a contract with a California transit client to upgrade 97 parking lot emergency call boxes using the Knightscope K1 Retrofit Kits. This upgrade aims to enhance public safety for approximately 136,000 weekday passengers and is expected to reduce infrastructure and hardware costs, while improving reliability with a modern communication network. The K1 devices utilize cellular and satellite communications powered by solar energy to deter negative activities.

Positive

• Secured contract for upgrading 97 emergency call boxes, improving public safety.
• Expected cost savings on infrastructure and hardware for the client.
• Enhanced reliability with advanced wireless communication systems.

Negative

• None.

Public Safety Innovator Continues Market Expansion Improving Public Safety

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots, today announces that an existing transit client in California signed a contract to upgrade 97 of its parking lot emergency call boxes with the Knightscope K1 Retrofit Kits.

Transit System Client Upgrades 97 Emergency Call Boxes with Knightscope (Nasdaq: KSCP) K1 Technology (Graphic: Business Wire)

In 2022, this client averaged approximately 136,000 weekday passengers. Knightscope’s K1 emergency blue light communication devices serve to deter potential negative activities using cellular and satellite communications with solar power to passengers for additional safety in remote locations. The newer, more advanced wireless systems will save the client money on both infrastructure and hardware costs, while improving reliability on a modern communication network.

Click here to schedule an appointment with an expert to discover how Knightscope can help you better secure the places people live, study, work and visit.

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. 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. 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 Dec. 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/20221128005234/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 contract did Knightscope (Nasdaq: KSCP) secure in California?

Knightscope secured a contract to upgrade 97 parking lot emergency call boxes for a California transit client.

How does the Knightscope K1 Retrofit Kit improve public safety?

The K1 Retrofit Kit enhances public safety by deterring negative activities through cellular and satellite communications powered by solar energy.

How many weekday passengers does the California transit client serve?

The California transit client averages approximately 136,000 weekday passengers.

What are the financial benefits of upgrading to Knightscope's K1 technology?

The upgrade is expected to save the client money on infrastructure and hardware costs while improving system reliability.