Two New Sales for Knightscope’s Emergency Communications

Rhea-AI Summary

Knightscope, Inc. [Nasdaq: KSCP] announces two new contracts for its emergency communication systems. A Colorado ski resort purchased a K1 Call Box with a Full-Service Maintenance Plan (FSMP) and Knightscope Emergency Management System (KEMS) software. A southern California municipality expanded their agreement, adding Installation and FSMP for 10 K1 Blue Light Emergency Phones.

KEMS provides immediate text/email notifications for help button presses and automated daily email reports on system status. The FSMP ensures high reliability for these critical communication points. Knightscope's Q2 2024 Town Hall is scheduled for August 15, 2024, featuring a pre-recorded update on Q2 performance followed by a live Q&A session.

Positive

• Two new contracts secured for emergency communication systems
• Expansion of existing agreement with a southern California municipality
• Introduction of cloud-based KEMS software for improved system monitoring and reporting

Negative

• None.

Insights

Market Research Analyst

Knightscope's new contracts for emergency communication systems, while positive, have immediate financial impact. The Colorado ski resort purchase is a small-scale pilot, potentially leading to future expansion. The California municipality's contract expansion is modest in scope, focusing on maintenance and software for existing units.

The company's diversification into emergency communications complements its core robotics business, potentially broadening revenue streams. However, the scale of these contracts is insufficient to significantly alter Knightscope's financial outlook in the short term. Investors should monitor for signs of larger-scale adoptions or expansions, which would indicate more substantial market traction for these products.

Tech Expert

Knightscope's K1 Call Box and Blue Light Emergency Phones, integrated with KEMS software, represent a strategic move into IoT-enabled safety infrastructure. The cloud-based monitoring and automated diagnostics offer a competitive edge over traditional manual systems, potentially reducing maintenance costs and improving reliability.

The real-time error detection and performance statistics align with modern smart city initiatives, positioning Knightscope well in this growing market. However, the true technological differentiation and scalability of these systems compared to competitors remain to be proven. Investors should watch for adoption rates and customer feedback to gauge the long-term potential of this product line within Knightscope's broader AI and robotics portfolio.

REMINDER: Second Quarter 2024 Town Hall to be Held on August 15

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 new contracts for its emergency communication systems.

Two New Sales for Knightscope’s Emergency Communications (Graphic: Business Wire)

A Colorado ski resort purchased a K1 Call Box for one of its ski lifts along with a Full-Service Maintenance Plan (“FSMP”) and the Knightscope Emergency Management System (“KEMS”) software that will monitor the status and activity of the device. The initial installation will be used to gauge future expansion at the client’s other resort locations throughout northwestern Colorado.

A southern California municipality expanded their agreement with Knightscope by adding Installation and FSMP for its 10 K1 Blue Light Emergency Phones.

KEMS sends out immediate text/email notifications whenever a help button is pressed for an added measure of safety. The cloud-based application also provides system owners automated daily email reports on the operational status of their system rather than having to manually test each device in person as required by competitive products. Alerts concerning issues, real-time error detection/diagnostics, and system performance statistics are delivered to the client to maximize system operation and usability. 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 for all clients.

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.

REGISTER FOR KNIGHTSCOPE’S Q2 2024 TOWN HALL

Knightscope’s Chairman and CEO, William Santana Li, and Apoorv S Dwivedi, EVP and CFO, will deliver a pre-recorded video update at the top of the meeting to cover Q2 2024 performance followed by a live question and answer session with supporters, investors and analysts in an intimate online forum with no moderator.

The webinar will take place on Thursday, August 15, 2024, at 11am Pacific Time / 2pm Eastern Time. Those interested in attending must RSVP here. The pre-recorded portion of the Town Hall presentation will be posted at www.knightscope.com/rise upon conclusion of the event.

Any and all information shared during the Second Quarter Town Hall and included in the Q2 2024 10-Q should be considered in full context of the Company’s recent regulatory filings and risk factors available at ir.knightscope.com.

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/20240808901052/en/

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Source: Knightscope, Inc.

FAQ

What new contracts did Knightscope (KSCP) announce for its emergency communication systems?

Knightscope announced two new contracts: one with a Colorado ski resort for a K1 Call Box, and an expanded agreement with a southern California municipality for 10 K1 Blue Light Emergency Phones.

What is the Knightscope Emergency Management System (KEMS) software?

KEMS is a cloud-based software that monitors the status and activity of Knightscope's emergency communication devices, providing immediate text/email notifications for help button presses and automated daily email reports on system status.

When is Knightscope's (KSCP) Q2 2024 Town Hall scheduled?

Knightscope's Q2 2024 Town Hall is scheduled for August 15, 2024, at 11am Pacific Time / 2pm Eastern Time.

What does Knightscope's (KSCP) Full-Service Maintenance Plan (FSMP) provide?

The FSMP ensures high levels of reliability and 'up-time' for Knightscope's critical emergency communication systems, maximizing system operation and usability.