Knightscope, Inc. (Nasdaq: KSCP) (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announced two new contracts for its Emergency Communication Devices (“ECDs”). An existing customer – a college in Southern California – is expanding their system by replacing an outdated competitive product with Knightscope’s K1 Retrofit Kits, the Knightscope Emergency Management System (“KEMS”), and a Full Service Maintenance Plan (“FSMP”). Additionally, a university in North Dakota has issued a purchase order for three K1 Blue Light Towers, one K1 Blue Light E-Phone, and KEMS.

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Knightscope wins two more education contracts (Graph: Business Wire)

Knightscope’s Retrofit Kits allow users to upgrade outdated blue light telephones and call boxes to function as Knightscope’s modern, more advanced ECDs with features such as wireless solar power, wireless phone connectivity and self-monitoring software all built in. The program provides system owners with automated daily email reports on the operational status of their system rather than having to manually test each device in person as required by competing products, with text messaging and a real-time graphics map available as an add-on option. By bundling these features with FSMP, you are assured of years of reliable, one-touch access to emergency services, along with an increased sense of security while teaching, visiting or studying.

Knightscope’s state-of-the-art, blue-light ECDs are the key to curing an overconfident reliance on cell phones. Many people may not have a cell phone (or simply not carry one), the cell phone battery may be dead, or there may be no signal in the area. Likewise, visitors in need of assistance may be unfamiliar with campus geography and landmarks, making it impossible for them to provide emergency responders with an exact or precise location via a cell phone.

GET HELP FROM AN EXPERT

To learn more about Knightscope’s portfolio of public safety technologies, including the recently announced K1 Laser or any of its autonomous security robots, Blue Light Emergency Communication System or automated gunshot detection services, schedule a discovery call or demonstration today at www.knightscope.com/discover.

About Knightscope

Knightscope builds advanced technologies to improve public safety, and our long-term ambition is 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,” “predicts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements in this press release and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, cost reduction and prospects. 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 appear, and Knightscope undertakes no duty to update any forward-looking statements except as required by law.

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The Knightscope Registered (A) Stock had fallen by 1.5% at the time of the news release. -3.22 % to 0.268US dollar on the Nasdaq stock exchange (August 27, 2024, 02:00 AM).