Latest news with #ASRs
Business Wire
02-07-2025
- Business
- Business Wire
Knightscope Secures Another $1M in New Sales, Renewals & Expansions;
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $1 million in newly secured contracts that span major client renewals, strategic expansions, and new wins across the country. The increase reflects a continuing demand for smarter, safer environments and is underscored by ongoing interest, including on Capitol Hill. Emergency Communication Devices Grow Across the Nation Knightscope locked in major new wins in the higher education, parks & recreation, healthcare, and local government sectors with an impressive 541 brand-new Emergency Communication Devices (ECDs) bookings. This wave of new contracts highlights the widespread trust in Knightscope's life-saving communication technology. Robots on Patrol: ASRs Hit New Markets Knightscope's Autonomous Security Robots (ASRs) are on the move. New K5 contracts are rolling out in the Transit Authority, Data Center, and Higher Education sectors, reinforcing its growing presence across critical infrastructure and public spaces. Highlights at a Glance Public Sector Power – Cities, states and law enforcement agencies are doubling down with expanded ECD purchases and extended Full-Service Maintenance (FSM) agreements. Renewals Signal Results – Eight (8) ASR subscriptions were renewed across key sectors, including retail, biotech, and hospitality, proving Knightscope's staying power and performance. Capitol Hill Knightscope continues to gain meaningful traction in Washington, D.C. Following recent visits that included dozens of engagements with public officials and stakeholders, the Company has been invited back for a hearing on certain technologies to occur in July. 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 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.
Business Wire
02-06-2025
- Business
- Business Wire
Knightscope Exceeds $1M in Contracts in New Sales & Renewals
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $1 million in new contracts, including major client renewals, expanded service deployments, and new wins across the country. The latest round of contracts includes resellers, higher education, transit authority, and local government clients placing orders for 525 Emergency Communication Devices (ECDs) and making six-figure commitments toward 7 Autonomous Security Robots (ASRs). Recent Wins Higher Education on the Rise – universities and colleges ramped up their campus safety efforts with orders for 118 new ECDs, further cementing Knightscope's role as a campus security staple. Commercial Real Estate Goes Autonomous – a top-tier property management firm added a K5 ASR and K1 Hemisphere units for around-the-clock patrols, real-time data feeds, and anomaly detection. They also subscribed to Risk & Threat Exposure (RTX) Analyst Premium Services to support multiple locations 24/7. Public Sector Momentum Builds – municipalities, state agencies, airports, and law enforcement departments expanded their deployments with new ECD orders and extended Full-Service Maintenance (FSM) contracts. Retention Reinforces Value – 13 ASR subscriptions were renewed across diverse industries, including biotech, hospitality, casinos and gaming, cosmetics and retail, validating the long-term ROI of Knightscope's platform. Fueling a High-Growth, Recurring Revenue Engine Every new contract adds to Knightscope's growing install base, reinforcing its leadership in AI-powered safety technologies. As public and private sector organizations seek smarter, more cost-effective solutions, Knightscope continues scaling a robust subscription-driven business model that delivers value well into the future. 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 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.
Business Wire
24-04-2025
- Business
- Business Wire
Knightscope Secures $1.2+ Million Boost in Sales Won and Client Base Growth
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $1.2 million in new contracts, including significant client renewals, service expansions and new deployments across the USA. This achievement comes on the heels of announcements earlier this month regarding securing a new 33,000 sq ft headquarters in Silicon Valley, recruiting for a 2 nd shift of manufacturing jobs, and $2+ million in sales, renewals, and expansions. Knightscope has secured a series of sizeable contracts that underscore the accelerating traction of its subscription‑driven business model. The latest awards feature reseller & higher education client purchases of 70+ Emergency Communication Devices (ECDs) and six‑figure commitments for 11 Autonomous Security Robots (ASRs) – both new deployments as well as renewals. Recent Wins at a Glance Major Fortune 25 Corporation – a major publicly traded company has signed a contract for 4 K5 ASRs to patrol and enhance its overall security program Higher Education Surge – universities and colleges ordered and expanded their emergency communications with 52 new ECDs, increasing Knightscope's rapid campus safety footprint. Commercial Real Estate adoption – a premier property‑management group added a K5 ASR to provide 24/7 robotic patrols, automated anomaly detection and live eye-level data feeds. Public Sector Momentum – multiple government entities – including municipal, state, airport and law‑enforcement agencies – placed new ECD orders and extended their Full-Service Maintenance (FSM) coverage. Strong Client Retention – 6 ASR subscriptions were renewed across healthcare, residential, biotech and commercial real estate, validating the platform's long‑term value. Scaling a Recurring Revenue Engine Each contract broadens Knightscope's installed base and deepens its annuity stream, positioning the company at the forefront of AI‑enabled security solutions as public and private organizations seek modern, cost‑efficient safety technology. 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 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.
Associated Press
18-03-2025
- Business
- Associated Press
Knightscope Submits AI Recommendations to White House
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Mar 18, 2025-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced it has formally submitted public comment to the White House's 'Development of an Artificial Intelligence (AI) Action Plan' emphasizing the urgent need for AI-driven security solutions to safeguard federal facilities and critical infrastructure, while also fostering safer environments for government employees, visitors, and communities. This policy initiative, led by the Office of Science and Technology Policy (OSTP) under the new administration, seeks to strengthen America's AI capabilities while removing barriers to private sector innovation. This press release features multimedia. View the full release here: Knightscope's recommendations urge the federal government to modernize outdated procurement policies and accelerate the deployment of autonomous security robots (ASRs) in military bases, government buildings, and high-risk environments. The company proposes key initiatives, including authorizing autonomous security in federally managed spaces, launching a multi-agency pilot program, and ensuring national security by prohibiting the federal procurement of ASRs from adversary nations. 'Knightscope is proud to partner with the federal government and to offer our expertise on integrating autonomous security solutions to bolster public safety while reducing overall costs,' said William Santana Li, Chairman and CEO, Knightscope. 'It is in the national security interests of the United States of America to take concrete steps to integrate AI-driven security solutions to Make America the Safest Country in the World,' continued Li. Knightscope's submission echoes growing private-sector consensus that widespread adoption of AI-powered security and safety systems can drive down labor costs, reduce turnover, and mitigate emerging threats posed by adversarial AI and advanced criminal tactics. Knightscope ASRs provide continuous situational awareness, acting as a force multiplier for human security personnel and paving the way for a smarter, safer, and more resilient national security framework. 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 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, 2023, 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 (650) 924-1025 ext. 6 SOURCE: Knightscope, Inc. Copyright Business Wire 2025. PUB: 03/18/2025 09:40 AM/DISC: 03/18/2025 09:39 AM
Yahoo
11-03-2025
- Business
- Yahoo
Knightscope reports four ASR subscription agreement renewals, seven deployments
Knightscope (KSCP) announced the renewal of 4 Autonomous Security Robot subscription agreements, 7 new deployments of ASRs, as well as new sales contracts for 96 Emergency Communication Devices totaling 107 Knightscope machines and devices in motion. Knightscope's ASR renewals span clients in the Healthcare, Automotive Lubricants, and Logistics & Distribution sectors. The new deployments include clients in the Automotive Repair & Maintenance sector, such as Forbes Todd Automotive, as well as Local Government, with Phenix City as a new client. Knightscope's new ECD sales were to three Higher Education campuses through its authorized reseller, Transportation Solutions & Lighting. Effectively assess a stock's risks and opportunities with a clear breakdown of its positive and negative factors. Uncover insightful assessments of a stock's market performance and potential with a comprehensive competitor analysis . Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on KSCP: Questions or Comments about the article? Write to editor@ Knightscope management to meet virtually with Lake Street Knightscope announces new sales, fleet wide upgrade Knightscope says three healthcare organizations expand security solutions Knightscope reports over $1M in annual recurring revenue through renewals 2 Under-the-Radar Robotics Stocks Analysts Are Betting On Sign in to access your portfolio
