Knightscope, Inc. Stock Price, News & Analysis

Knightscope (Nasdaq: KSCP), a leader in robotics and AI technologies for public safety, announced two new contracts for its Emergency Communication Devices (ECDs) in the education sector. A college in Southern California will replace a legacy system with Knightscope's K1 Retrofit Kits, Knightscope Emergency Management System (KEMS), and a Full Service Maintenance Plan (FSMP). Additionally, a university in North Dakota has ordered three K1 Blue Light Towers, one K1 Blue Light E-Phone, and KEMS. Knightscope's ECDs feature wireless solar power, wireless phone connectivity, and self-monitoring software. These advanced systems enhance campus safety by providing reliable, one-touch access to emergency services and automated operational status reports.

Knightscope, Inc. [Nasdaq: KSCP] has deployed 6 Autonomous Security Robots (ASRs) at a Michigan casino, marking the 9th property to receive Knightscope's technology under a master agreement announced in 2023. The deployment includes 2 5th Generation K5s and 4 K1 Hemispheres. This agreement allows for expansion to 43 properties across the United States. The company highlights benefits of selling to existing clients, including shorter sales cycles, higher close rates, better margins, and optimized cost-to-serve. Other properties in various states have also deployed robots to enhance safety and guest experience.

Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces the expansion of a contract with a California-based healthcare client. The client, who initially deployed a K5 Autonomous Security Robot (ASR) in 2023, has now subscribed to a second K5 ASR for another location. Knightscope's K5 ASR is an outdoor robot that provides 24/7/365 property surveillance without human intervention. It features AI-driven software, interactive capabilities, and advanced safety measures.

Healthcare organizations have been partnering with Knightscope to improve emergency communications, physical safety, and patient satisfaction. The adoption of such technologies may potentially help in maintaining or increasing HCAHPS scores, which measure patients' perspectives of hospital care.

Knightscope, Inc. [Nasdaq: KSCP] has secured two new contracts for its Emergency Communication Devices (ECDs). A private Episcopal school in southern California is expanding its system with an additional K1 Blue Light Tower and a Full Service Maintenance Plan. Additionally, City Wide Solutions, a Knightscope Authorized Partner, is upgrading existing Blue Light Towers on healthcare clinic campuses in Ohio with Knightscope's K1 Retrofit Kits.

Knightscope's ECDs offer advantages over cell phones, including reliability in areas with poor signal and ease of location identification for emergency responders. The company's Retrofit Kits modernize outdated systems with features like wireless solar power and self-monitoring software. The Knightscope Emergency Management System (KEMS) provides automated daily reports on system status, enhancing efficiency and reliability.

Knightscope, Inc. [Nasdaq: KSCP], a robotics and AI company focused on public safety, announces a purchase order for 23 K1 Blue Light Emergency Phones from its Authorized Partner, Transportation Solutions & Lighting, Inc. The devices will be installed at a leading Florida cancer center. Knightscope's E-Phones are designed to be hardwired or wireless, making them suitable for hospital settings and compliant with ADA Standards. The K1 Blue Light E-Phone provides clear voice-to-voice communication using cellular or satellite networks, enhancing public safety and emergency assistance access. This order demonstrates Knightscope's expansion in the healthcare sector, offering safety solutions for patients and healthcare professionals.

Knightscope, Inc. [Nasdaq: KSCP] announces that a private university in New Hampshire is expanding its emergency communication device conversion with 28 K1 Retrofit Kits. This completes the expansion project that began in summer 2023, upgrading over 40 legacy hardwired systems to Knightscope's wireless devices. The K1 Retrofit Kits upgrade outdated blue-light-style phones and call boxes with features like wireless solar power, wireless phone connectivity, and self-monitoring software. The Knightscope Emergency Management System (KEMS) provides automated daily email reports on system status, eliminating the need for manual testing. Optional add-ons include text messaging and real-time graphical mapping.

Knightscope, Inc. [Nasdaq: KSCP] announces two new contracts for its emergency communication systems. A Colorado ski resort purchased a K1 Call Box with a Full-Service Maintenance Plan (FSMP) and Knightscope Emergency Management System (KEMS) software. A southern California municipality expanded their agreement, adding Installation and FSMP for 10 K1 Blue Light Emergency Phones.

KEMS provides immediate text/email notifications for help button presses and automated daily email reports on system status. The FSMP ensures high reliability for these critical communication points. Knightscope's Q2 2024 Town Hall is scheduled for August 15, 2024, featuring a pre-recorded update on Q2 performance followed by a live Q&A session.

Knightscope, Inc. [Nasdaq: KSCP] announces that the Huntington Park Police Department has renewed its contract for the K5 Autonomous Security Robot (ASR) for the 6th consecutive year. The K5 ASR has been patrolling Salt Lake Park, contributing to public safety efforts. Chief of Police Cosme Lozano praised the integration of the K5 into city resources, citing its benefits in monitoring public spaces and enhancing public safety.

During its first year of deployment, Knightscope's technologies helped reduce calls for service by 10% and crime reports by 46% at Salt Lake Park. The city manager previously credited the K5 ASR for positively impacting crime and nuisance activity in the area. Knightscope CEO William Santana Li expressed pride in continuing to serve law enforcement with their public safety technologies.

Knightscope, Inc. (Nasdaq: KSCP) announces two expansion contracts for its Emergency Communication Devices (ECDs). A Houston area school district with 48 K1 Blue Light Towers and a central California transportation commission with 224 K1 Call Boxes have both added Full-Service Maintenance Plans (FSMP) to their existing agreements. The FSMP provides comprehensive support, parts, and service for all ECDs, ensuring high reliability and uptime.

Additionally, Knightscope's Robot Roadshow is scheduled to visit Cambridge, MD on August 8, 2024. Hosted by X9 Intelligence, a Knightscope Authorized Partner, the event will showcase the company's self-driving, electric technologies, including Autonomous Security Robots and blue light emergency phones. The free event aims to demonstrate Knightscope's public safety solutions to potential clients and the general public.