TechDogs-"Knightscope Caps Off Year With 6-Robot Expansion Contract In Detroit, MI"

Emerging Technology

Knightscope Caps Off Year With 6-Robot Expansion Contract In Detroit, MI

By Business Wire

Business Wire
Overall Rating

Total Robots Under Contract for Gaming Client Rises to 14

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--$KSCP #SecurityRobot--Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces a new expansion contract for 6 Autonomous Security Robots (“ASRs”) including 2 of its 5th Generation K5s and 4 K1 Hemispheres, bringing the total number of robots under contract for this client to 14.

A Detroit, MI casino is the 9th property to procure Knightscope’s ASRs under a larger master agreement announced in September with an entertainment company and operator of integrated entertainment, sports content, and casinos. The master agreement enables corporatewide expansion of Knightscope technologies to 43 properties across the United States. As noted prior, the benefits of selling to existing clients include shorter sales cycles, higher close rates, better margins, and an optimized cost-to-serve. Rapid expansion over the last 90 days includes other properties in Las Vegas, Nevada; Council Bluffs, Iowa; Aurora, Illinois; Shreveport, LA; Bossier City, LA; Lake Charles, LA; New Orleans, LA; and Kansas City, KS.

Knightscope was also invited to participate in the client’s upcoming Automation Showcase taking place at a leadership conference in February. Details will be announced separately, but the Robot Roadshow will be landing in Lake Charles, LA for a special appearance.

LEARN MORE

To learn more about Knightscope's all-new, 5th Generation K5, the recently announced Automated Gunshot Detection, its Blue Light Emergency Communication Systems and other Autonomous Security Robots – book a discovery call or demonstration now at www.knightscope.com/discover.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. 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, X (formerly 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about executive transitions and the timing thereof, and the Company’s goals, profitability, and growth. 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. These risks and uncertainties include, among other things, the risk that executive transitions may have greater costs than anticipated; that executive transitions may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; that executive transitions may negatively impact the Company’s business operations and reputation with or ability to serve customers; or that executive transitions may not generate their intended benefits to the extent or as quickly as anticipated. 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 December 31, 2022. 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

First published on Mon, Jan 1, 2024

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Tags:

Knightscope Autonomous Security Robots (ASRs) 5th Generation K5s Blue Light Emergency Communication Systems

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