Knightscope Surges with $2+ Million in Sales, Renewals and Expansions
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Apr 3, 2025--
Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $2 million in new contracts, including major client renewals, technology expansions, and strategic deployments across the U.S. Contracts include a significant reseller order for more than 150 Emergency Communication Devices (ECDs) for a large university system, and marks accelerating momentum in Knightscope's recurring revenue model.
This press release features multimedia. View the full release here:
Key wins and highlights include:
Higher Education Expansion: A major reseller order to serve a prominent university system, reinforcing Knightscope's strong position in the education sector.
A K5 ASR sale to a major county transportation agency, enhancing infrastructure protection through 24/7 autonomous patrol, anomaly detection, and real-time data delivery.
14 ASR subscription renewals, including a 6th-year renewal with a casino and other long-term partners across self-storage, hospitality, healthcare, residential, and logistics sectors.
Public Sector Growth: A California government agency awarded a substantial budgetary expansion for Knightscope's Full Service Maintenance (FSM) program, demonstrating deepening client trust and expanded footprint.
Transportation Infrastructure Upgrade: A commercial real estate operator at a major U.S. airport purchased 10 K1 Blue Light Towers bundled with KEMS and Verizon connectivity, showcasing growing demand for layered security infrastructure.
Over 60 Emergency Management Systems (KEMS) were sold to educational institutions in Alabama, Florida, and Texas, further validating Knightscope's increasing relevance in school safety nationwide.
'We're seeing sustained traction across both public and private sectors,' said William Santana Li, Chairman and CEO, Knightscope, Inc. 'This momentum reflects the value of our recurring revenue model and validates our long-term strategy to transform public safety using autonomous technology – by building a recurring revenue business model for the recurring societal problem of public safety.'
Delivering Scalable Growth and Recurring Revenue
These contract wins significantly expand Knightscope's deployed technology base and strengthen its recurring revenue pipeline. As public and private institutions seek modern, cost-effective safety solutions, Knightscope continues to stand out as a category leader in AI-powered autonomous security systems.
About Knightscope
Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. 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 the Company's goals, profitability, growth, prospects, reduction of expenses, and outlook. 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, including the factors discussed under the heading 'Risk Factors' in Knightscope's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. 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.
Drew McDowell
Knightscope, Inc.
(650) 924-1025 ext. 6
SOURCE: Knightscope, Inc.
Copyright Business Wire 2025.
PUB: 04/03/2025 09:35 AM/DISC: 04/03/2025 09:37 AM
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