Knightscope (Nasdaq: KSCP) Earns 4 New Contracts for 7 Machines

December 29, 2022

Public Safety Innovator Continues Growing Revenue with End of Year Sales

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dec. 29, 2022-- Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots, announces 4 new contracts totaling 7 Autonomous Security Robots (ASRs) as part of its end-of-year push to support the Company’s commitment to continue accretively adding to its top-line revenue.

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Knightscope (Nasdaq: KSCP) Earns 4 New Contracts for 7 Machines (Photo: Business Wire)

Knightscope (Nasdaq: KSCP) Earns 4 New Contracts for 7 Machines (Photo: Business Wire)

Details regarding the new contracts and deployment locations are as follows:

  • One of Houston’s top commercial real estate brokerage and property management firms, with dozens of office locations across the U.S., signed an agreement for one K1 Hemisphere and one K1 Tower to protect a large parking structure at one of its many properties.
  • A church in the area of St. Louis/Springfield, Missouri area will soon have a K1 Hemisphere to help curb nefarious activities related to people loitering on their property to take advantage of the beautiful, local scenery.
  • Previously dissatisfied with the unreliable and expensive security guards hired to deter unwanted visitors and criminals at their facility, a Houston manufacturer of premium quality lubricants and associated products for the automotive, industrial and drilling markets contracted Knightscope earlier in 2022 to help better protect its property. Knightscope was deemed a success, and the client added another K5 ASR to its security program.
  • Another expansion comes from a real estate investment company with properties in 14 U.S. states. This client is duplicating its previous order of two K5 ASRs, one K1 Tower and Knightscope+ remote monitoring service in Pittsburgh for one of its other properties in Dallas, Texas.

According to the Council on Criminal Justice, aggravated assaults, robberies, nonresidential burglaries, larcenies, and motor vehicle thefts all increased in the first half of 2022 giving security leaders ample motivation to explore new technologies like those offered by Knightscope. Click here to speak with an expert and discover how Knightscope is already protecting the places people live, work, study and visit today.

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 the company at 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. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended Dec. 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.

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

Corporate Communications:
IBN (InvestorBrandNetwork)
Los Angeles, California
310.299.1717 Office

Source: Knightscope, Inc.