InvestorNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Three New Emergency Communications Contracts

July 8, 2024 13:15:00

Knightscope (NASDAQ: KSCP), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, has inked three new contracts for its K1 Emergency Communication Devices (“ECDs”). According to the announcement, the new devices will provide support for public-safety programs for facilities in Virginia, Pennsylvania and Illinois.

In Virginia, Knightscope will be partnering with a south Boston global tech company that provides sustainable energy solutions to buildings, utilities, industries and infrastructure sectors. The company purchased its first solar K1 Blue Light Tower to be installed in an employee parking lot to enhance safety.

“To expedite the initial sale, Knightscope approved MSC Direct (‘MSC’) — an industrial equipment distributor (S&P 400 company) — as its newest authorized partner, and MSC added Knightscope as a vendor of emergency phones to their substantial list of suppliers,” the company stated in the press release. “The success of the initial installation will open many new opportunities for ECDs to be installed at facilities across the United States.

In Pennsylvania, a crafts school located in Farmington is installing a K1 Call Box to “supplement communications due to lack of public cellular service in the area.” The school has onsite studios as well as on-campus lodging. Knightscope noted that the customer secured a grant through the state of Pennsylvania to help pay for the optional satellite-based communication device, which will “ensure a reliable method of summoning assistance in times of need.”

Knightscope reported that the third contract was with an electrical construction contractor, which will be installing a K1 Blue Light Tower in a parking area located in Buffalo Grove, Illinois; the company also subscribed to the Knightscope Emergency Management System service (“KEMS”), which sends out immediate text/email notifications whenever a help button is pressed.

“The cloud-based application also provides system owners automated daily email reports on the operational status of their system rather than having to manually test each device in person as required by competitive products,” the press release stated. “Alerts concerning issues, real-time error detection/diagnostics, and system performance statistics are delivered to the client to maximize system operation and usability.”

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

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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