Two More Clients Renew Knightscope K5 Contracts
Knightscope (Nasdaq: KSCP) announced the renewal of contracts for its K5 Autonomous Security Robot by two clients: a commercial real estate property in California for the third year, and a healthcare provider in New York for the second year. The K5 ASR has notably reduced property vandalism and car break-ins by 90% at Santa Clara Towers in Silicon Valley. The healthcare facility in New York utilizes the robot to enhance the safety and security of its lobby, benefiting residents, employees, and visitors. Knightscope's technologies aim to improve public safety, emergency communications, and patient satisfaction across various sectors.
- Two clients renewed contracts for Knightscope's K5 ASR, demonstrating client satisfaction.
- Santa Clara Towers reported a 90% reduction in vandalism and car break-ins.
- K5 ASR deployment at a New York healthcare facility enhances safety and security for residents, employees, and visitors.
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Insights
Knightscope's announcement about contract renewals for its K5 Autonomous Security Robot (ASR) service shows positive signs of client retention and trust in their product. The renewal by a commercial real estate property in California for the third year and a healthcare provider in New York for the second year signifies that these clients value the effectiveness of Knightscope's solutions. The retention rates suggest stability and potential growth in Knightscope's revenue streams.
For retail investors, it's important to note the high efficacy of the product as highlighted by the property manager's claim of a
However, it’s important to consider the broader market competition within the security technology sector. Investors should assess whether Knightscope's technology offers unique advantages over competitors and if they can sustain this customer satisfaction long-term. While renewal contracts are promising, the company must continue to innovate and demonstrate value to keep up with competitors.
Two More Clients Renew Knightscope K5 Contracts (Photo: Business Wire)
Santa Clara Towers
Knightscope has been patrolling the rooftop of a Class-A, twin-tower office in the heart of Silicon Valley since early 2022. The property managers elected to add a K5 ASR to their their 24/7 safety program that, throughout its deployment, has proven to be invaluable at helping them elevate the well-being of their property and the people that use it.
“Rovie K-Nueve has improved our site safety significantly! We have seen dramatic changes since we deployed the robot: the property vandalism/car break ins have reduced by
This deployment lies just off the flight path of San José Mineta International Airport and is considered an added amenity among a restaurant/bar nestled in between the buildings, a helipad, EV charging stations and bike lockers. Modern commercial real estate is managed by technology, and today’s tenants want the latest and greatest safety devices, like those offered by Knightscope, included as part of their lease package.
A New York Healthcare Community
A senior living, healthcare and rehabilitation center in
Healthcare organizations across the US have partnered with Knightscope for many years to make advancements in various critical areas such as emergency communications, physical safety and improving patient satisfaction. The adoption of such technologies may even aid healthcare organizations to maintain or increase their HCAHPS scores, which is the first national, standardized, publicly reported survey of patients' perspectives of hospital care.
Get Expert Help
To learn more about Knightscope’s new Risk & Threat Exposure Analysts 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.
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 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/20240625167186/en/
Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
Source: Knightscope, Inc.
FAQ
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