Knightscope (NASDAQ: KSCP) Continues Sales Momentum with Three New Contracts

August 15, 2023 11:12:01

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, is seeing consistent rising sales; the company just announced the signing of three more contracts. According to the announcement, Knightscope has inked security deals with a third-party logistics (“3PL”) provider in the Midwest; a Central-U.S. regional transit authority and a country club in the Northeast.

According to the announcement, the regional 3PL provider is a current KSCP customer that signed its first Knightscope contract last year. The company offers value-added services such as warehousing and distribution, packaging, assembly, and fulfillment and has facilities in eight different states. The original contract called for an ASR deployment in Louisville, Kentucky; the new contract has expanded ASR coverage to a major appliance manufacturing site, where the robot will be patrolling parking lots of a large distribution center to provide protection of employees and visitors.

In addition, Knightscope reported that its Verizon (NYSE: VZ) partner “brought the company an opportunity to test emergency communications along a public transportation authority bus route in Arkansas,” the press release stated. “The transit company services rural and urban residents over 110 square miles and its first K1 Blue Light E-Phone will be installed by a Knightscope reseller. If the test is deemed a success, there is a potential to add 50 more at bus stops citywide.”

The third contract is also with an existing Knightscope client that is expanding its services. Currently, the private golf club in Maryland has eight wireless “golf boxes,” which are discreet, low-profile, black wireless call boxes mounted to an ornate pedestal designed specifically for country club golf course applications where cell phones are forbidden. The new contract calls for Knightscope to provide full-service maintenance to these devices.

In addition, Knightscope announced that its popular Robot Roadshow will be in Pittsburg this week; the roadshow will be at the UPMC Mercy Hospital on Aug. 17–18, 2023, from 10 a.m. to 2 p.m. ET. “The Robot Roadshow is an engaging experiential event, allowing potential clients and the general public to participate in expert-led demonstrations in a climate controlled, space-age ‘pod’ where attendees may experience the self-driving, electric technologies that are already helping protect the places people live, work, study and visit from Hawaii to Texas to Pennsylvania,” the company stated in the press release. “Visitors will be able to interact directly with Autonomous Security Robots, test a blue light emergency phone, and see the Knightscope Security Operations Center (KSOC) user interface in action.”

To participate in the Robot Roadshow, visit https://ibn.fm/NLvFs

To view the full press release, visit https://ibn.fm/tGVsr

About Knightscope, Inc.

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. 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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