Knightscope (NASDAQ: KSCP), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, is reporting that four more clients have upgraded their existing contracts to include the fifth-generation K5 Autonomous Security Robot (“K5v5”). According to the company, this means that 70% of the KSCP’s K5 operating fleet has advanced to the latest release, bringing the company closer to reaching a key step on its road to profitability, which was outlined during Knightscope’s first annual Innovation Week, held earlier this year.
“Machine ‘hot-swaps’ began following the engineering release of the fully redesigned K5v5,” said the company in the press release. “This all-new security robot is faster to build, improves quality and is easier to service. When paired with Knightscope’s recently announced 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.”
To view the full press release, visit https://ibn.fm/dws7y
About Knightscope, Inc.
Knightscope builds cutting-edge technologies to improve public safety. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
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