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14 Sales, 10 Renewals and 4 New Deployments

By: Knightscope via Business Wire

November 07, 2024 at 09:35 AM EST

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Verizon Frontline to Host Robot Roadshow at Quantum Park

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces 14 new sales, 10 client renewals and 4 new security robot deployments.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107422260/en/

Knightscope announces 14 contracts, 10 renewals and 4 new deployments. (Photo: Business Wire)

Knightscope attributes the growth in deliveries and long-term stability to clients in fast growing markets such as corporate campuses, colleges/universities, hospitality, local government and military bases. The Company anticipates future opportunities to expand its footprint at individual clients as well as their respective markets given the highly visible nature of these technologies. Deployment locations will span the U.S. in the following states:

Alabama

Arizona

California

Georgia

Kansas

Michigan

Maryland

Ohio

Pennsylvania

Texas

Virginia

Fourteen new devices were sold, three of which were from clients expanding existing agreements reflecting the ongoing growth of client needs coupled with Knightscope’s commitment to their long-term success. These strengthened relationships lead to improved collaboration, refinements in use cases, and potential referrals or expanded business opportunities.

Ten clients renewed contracts to enable ongoing services in the interest of public safety. Contract renewals are far from routine as they reflect the Company’s ability to foster growth, stability, and enhanced collaboration within its existing client base, and each contract renewal is a testament to client satisfaction and trust in Knightscope as a true provider of safety technologies.

Finally, four new deployments of Knightscope’s all-new, fifth generation K5 Autonomous Security Robot (“ASR”), the Company’s flagship device dedicated to securing the places people live, work, study and visit, strengthens the validity of its white-glove, Machine-as-a-Service business model. Risk & Threat Exposure (“RTX”) monitoring also elevates the real-time delivery of public safety information to clients, raising overall value and satisfaction at these locations.

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.

VERIZON HOSTS KNIGHTSCOPE’S ROBOT ROADSHOW IN ASHBURN, VIRGINIA

Knightscope’s Robot Roadshow will be landing at Quantum Park in Ashburn, VA, on November 13, 2024. The Roadshow will be open in the southeast parking lot from 2:00pm – 5:00pm ET and RSVPs are required.

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, learn about Automated Gunshot Detection, and see the Knightscope Security Operations Center (KSOC) user interface in action. Those wishing to attend must book a Pod visit here in advance..

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/20241107422260/en/

Contacts

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

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