Viva Las Vegas! Knightscope Signs First Las Vegas Casino Contract

Rhea-AI Summary

Knightscope, Inc. (NASDAQ: KSCP) has made a significant move in the security technology sector by signing its first contract with a major Las Vegas casino. This partnership involves the deployment of Knightscope's Autonomous Security Robot (ASR), which will enhance security in the casino's parking lots and structures. The decision is driven by the need to deter criminal activity in an environment where cash handling and guest safety are paramount. This contract marks a crucial expansion for Knightscope in a key market.

Positive

• Signed first contract with a major Las Vegas casino, enhancing market presence.
• Deployment of Knightscope's Autonomous Security Robot to improve security operations.

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• None.

Public Safety Innovator Continues Market Expansion

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced that it has signed its first Las Vegas casino client. A leading US-based operator of casinos and gaming facilities with more than three dozen locations across the country subscribed to its first Knightscope Autonomous Security Robot (ASR) to bolster its already robust security and surveillance program. Knightscope’s K5 ASR will patrol the casino’s parking lots and structures to deter criminal activity and help keep guests and their belongings safe. Casinos have proven to be an excellent use case for Knightscope’s technologies due to the extraordinary amount of cash being handled, the number of out-of-town guests visiting with valuables locked in their rooms and cars, and the frequent demonstration of impaired judgment from consuming alcohol. Knightscope is excited to now be a part of such an historically significant city and destination.

Viva Las Vegas! Knightscope Signs First Las Vegas Casino Contract (Graphic: Business Wire)

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 us 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. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our 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/20220512005413/en/

Donna Loughlin Michaels, LMGPR, (408) 393-5575

 

Source: Knightscope, Inc.

FAQ

What recent contract did Knightscope (KSCP) sign?

Knightscope signed its first contract with a major Las Vegas casino to deploy its Autonomous Security Robot.

How will Knightscope's ASR benefit the Las Vegas casino?

The ASR will patrol parking lots and structures to deter criminal activity and enhance guest safety.

What is the significance of Knightscope's contract in Las Vegas?

This contract marks Knightscope's expansion into a key market known for high cash handling and security needs.