Financial News

Knightscope Lands Two New Sales

Builds on Q1 2023 Revenue Growth

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announced two new sales for a K5 Autonomous Security Robot (ASR) and two K1 Call Boxes.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230706619328/en/

Knightscope Lands Two New Sales (Photo: Business Wire)

Knightscope Lands Two New Sales (Photo: Business Wire)

One of the largest churches in the nation with a weekly attendance of over 35,000 across seventeen campuses will deploy a K5 ASR to patrol the parking lot in one if its Arizona locations. With over 105 acres and a 3,500+ seat auditorium, it is the church’s largest campus. According to the client, guard services are challenging and expensive in Arizona and they needed a security solution to combat the extreme heat that hinders hired guards from patrolling their locations consistently. Criminal trespassing is a particular nuisance, so the K5 will be patrolling their parking lot and around the building deterring and detecting to protect their campus and visitors.

A northern California county expanded its emergency communications services through its Office of Emergency Services (EOS). The EOS is responsible for coordinating with County departments, local cities, and special districts to mitigate against, prepare for, respond to, and recover from disasters.

The county purchased 2 new K1 Call Boxes with satellite telecommunications to serve remote recreation areas at a local state park in the Sierra Nevada mountains. In 2018, emergency phones provided quick response saving 3 lives at the river. One of the new call boxes will be a replacement for one that was recently irreparably damaged by vandals.

To learn more about Knightscope’s Autonomous Security Robots and Blue Light Emergency Communication Systems, book a discovery call or demonstration now at www.knightscope.com/discover.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s 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. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. 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 profitability and growth. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. 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.

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