Knightscope’s (NASDAQ: KSCP) CEO and Chairman William Santana Li recently appeared on The Shrimp Tank, a podcast series featuring proven entrepreneurs and business leaders discussing how to start, grow and run a successful business. Li joined the program’s hosts, Lee Heisman and Ted Jenkin, to discuss Knightscope’s Machine-as-a -Service (“MaaS”) business model and how the company is using it to improve security while streamlining costs.
“Technology can have a massively positive impact on society. Crime has a $2 trillion negative economic impact on the U.S. every single year. What we’ve been doing at Knightscope for almost 10 years is building profound new technology to address a recurring societal problem with a recurring revenue business model, and we built these crazy autonomous security robots that are now patrolling across the country,” Li said.
“We have a Machine-as-a-Service business model. We don’t sell hardware or software; everything is basically included – data storage, telecom, decals, shipping, maintenance, support, everything. It can be as high as $9/hour for our technology, indoors or outdoors, or as low as $0.75/hour… If you compare our offerings to unarmed security guards at $15-$30/hour or an armed, off-duty law enforcement officer at around $85/hour, our model presents a massive change and a massive opportunity.”
To view the full press release, visit https://ibn.fm/BFinV
About Knightscope, Inc.
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. For more information, visit the company’s website at www.knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://ibn.fm/KSCP
About ESGWireNews
ESGWireNews delivers up-to-date information and actionable intelligence on public companies committed to sustainable corporate practices. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), ESGWireNews provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. Environmental, social and governance (ESG) issues aren’t just buzzwords. The growing threat of climate change has moved large investors, like pension funds and insurance reserves, to action and screen investments based on sustainability and environmental impact. ESG criteria are increasingly guiding the investment choices of large institutional investors, and blue-chip companies have taken notice. ESGWireNews aims to uncover the emerging growth companies following their lead. If you’re interested in aligning your values with your investment portfolio, you’re in the right place.
To receive SMS text alerts from ESGWireNews, text “ESG” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.ESGWireNews.com
Please see full terms of use and disclaimers on the ESGWireNews website applicable to all content provided by ESGWireNews, wherever published or re-published: https://www.ESGWireNews.com/Disclaimer
ESGWireNews
Los Angeles, California
www.ESGWireNews.com
310.299.1717 Office
[email protected]
ESGWireNews is part of the InvestorBrandNetwork