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7 Clients Renew Contracts for Knightscope Technologies

By: PressReach

December 30, 2024 at 10:04 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.

5 More Clients Upgraded to 5^th Generation Security Robot

MOUNTAIN VIEW, Calif.–December 30, 2024–Knightscope, Inc. [NASDAQ: KSCP/quote">NASDAQ: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that seven clients have renewed their agreements for the Company’s autonomous security robot (“ASR”) and emergency communication device (“ECD”) services.

Two companies managing commercial real estate portfolios in California and Oregon, renewed their ASR agreements for the second and third years, respectively; a casino in Iowa renewed its ASR agreement for the third year; and a hospital in Texas renewed for its seventh year of service. These contract renewals account for a total of 6 deployed ASRs. Additionally, a school in Texas and two local governments in California renewed service agreements for ECDs that provide critical, one-touch communications with emergency services such as police, fire and ambulance. Clients that continue to renew their contracts strengthen the Company’s long-term value proposition, putting it one step closer to achieving Knightscope’s mission to make the United States the safest country in the world.

Five more clients have also been upgraded to the fifth generation of its K5 Autonomous Security Robot (“K5v5”). Two Casinos, a Class-A, twin-tower office complex and a storage facility all have the latest release of Knightscope’s AI-powered devices that improve safety at the places people live, work, study and visit. Machine ‘hot-swaps’ began earlier this year following the engineering release of the fully redesigned K5v5. This all-new security robot is faster to build, improves quality, and is easier to service. When paired with Knightscope’s Risk & Threat Exposure (“RTX”) enhancement to its Machine-as-a-Service business model, the Company is able to elevate the delivery of public safety tools to its clients. As a result, on-site performance and reliability are strengthened, which raises client value and satisfaction.

GET EXPERT HELP

To learn more about Knightscope’s portfolio of public safety technologies, including the K1 Laser, Autonomous Security Robots, Blue Light Emergency Communication Systems 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 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.

Contacts

Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025

Featured Image @ BusinessWire

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