Concerns over gun violence are escalating as the US heads towards a record-breaking year for mass shootings. With 619 incidents so far this year and a potential trajectory towards 700, worries intensify over the persistent rise in both shootings and casualties. Fatality rates remain distressingly high, surpassing 17,000 in 2023 alone, exceeding figures from the previous years. The deadliest mass shooting on October 25 in Lewiston, Maine, claimed 18 lives and left 13 injured. In response to the surge, US cities are implementing comprehensive measures to address gun violence and enhance public safety. To help tackle these challenges, Knightscope, Inc. (NASDAQ: KSCP), an advanced public safety technology company, is taking a hyper-targeted approach. Meanwhile, other companies like SoundThinking Inc. (NASDAQ:SSTI), Leidos Holdings (NYSE:LDOS), Lockheed Martin Corp. (NYSE:LMT), and RTX Corporation (NYSE:RTX) are working to enhance their security and detection solutions.

Knightscope (NASDAQ:KSCP), a leading developer of autonomous security robots (ASRs) and emergency communication systems, just announced the launch of sales for its Automated Gunshot Detection (AGD) systems, designed for both indoor and outdoor settings. 

The AGD system is available as stand-alone sensors, easily mountable to existing structures or with the optional pole-mounting kit and solar power for flexible installation. Knightscope clients can opt to incorporate AGD into new K1 Blue Light Tower orders or upgrade the over 7,000 devices already deployed nationwide.

Knightscope‘s AGD is fully automated, providing precise localization for shots in both horizontal and vertical planes, significantly reducing response times for law enforcement and security in addressing active shooter threats.

Key reasons for integrating gunshot detection include mitigating active-shooter events, reducing false alarms to prevent threat fatigue, and enhancing overall security in various environments. AGD delivers notifications in less than 2 seconds, utilizing a reliable multi-sensor system that minimizes false alarms. Knightscope emphasizes the effectiveness of an on-site, hyper-focused, real-time system over a city-wide approach for comprehensive security.

For more information about Knightscope, Inc. (NASDAQ:KSCP), click here.

Technological Advancements in Security Solutions

SoundThinking Inc. (NASDAQ:SSTI) formerly ShotSpotter, Inc., a key player in public safety technology, completed the acquisition of SafePointe, LLC on August 18, 2023. SafePointe specializes in intelligent weapons detection technology, leveraging over a decade of experience rooted in U.S. military defense programs. Their AI-based solution, distinct from bulky legacy metal detectors, offers highly secure, frictionless access in a discreet, low-profile design suitable for high-traffic environments. SafePointe’s systems, trusted in workplaces, museums, schools, casinos, financial institutions, and hospitals, provide efficient on-premises security monitoring and screening. This strategic move enhances SoundThinking‘s capabilities in delivering data-driven solutions and advisory services to law enforcement and community assistance groups.

Leidos Holdings (NYSE:LDOS), a Fortune 500® science and technology company, has secured a $32 million contract from the Marine Corps System Command through the Consortium Management Group (CMG). The contract focuses on the development of four Medium Range Air Defense Radar (MRADR) prototype systems within two years, with Leidos‘ Dynetics team leading the sensor development. Building on expertise from prior sensor development programs, including the Marine Expeditionary Long Range Persistent Sensor (MELPS) assets, the new systems will benefit from insights gained through live demonstrations. Work will be primarily conducted in Huntsville, Alabama, with additional operations in Arlington, Virginia, and the expected delivery date set for 2025. 

Lockheed Martin Corp. (NYSE:LMT) initiated in May a Cooperative Research and Development Agreement (CRADA) with the U.S. Army Combat Capabilities Development Command’s Aviation and Missile Center (AvMC) to advance Beyond Line of Sight (BLOS) connectivity. The collaboration, conducted at AvMC’s System Integration Lab (SIL) in Redstone Arsenal, Alabama, aims to jointly develop and demonstrate space-enabled defense systems. The focus is on creating concepts of operations to connect ground-based platforms with the space domain. Testing will enhance satellite communications (SATCOM) for defense systems, identify connectivity overlaps, assess capability gaps, and conduct hardware-in-the-loop tests. Leveraging SIL’s tools, the initiative accelerates the delivery of experimental prototypes, aligning technical performers across government agencies and industry to bolster 21st-century security connectivity.

RTX Corporation’s (NYSE:RTX) BBN division delivered 34 Boomerang gunshot detection systems last year to enhance the protection of the Lithuanian Armed Force’s next-generation combat vehicles. Boomerang technology, integrated with the Android Team Awareness Kit, significantly enhances battlefield mission success, vehicle safety, and warfighter survivability. The networked system boosts situational awareness and command-and-control options. Dominic Scola, RTX BBN’s Force Protection product line manager, highlights Boomerang’s capability to instantly pinpoint and announce the precise location of enemy shooters when friendly forces come under fire. The system creates a protective bubble around each vehicle and transmits enemy shooter locations to all friendly forces on the network. Integrating Boomerang with a remote weapons system enables automatic orientation and response to detected threats. 

Knightscope has been signing new deals and deploying its autonomous security robots (ASRs) and emergency communication systems for Tier 1 clients. The company recently announced a new expansion sale facilitated by Knightscope Authorized Partner (KAP) Transportation Solutions & Lighting, Inc. – Safety and Security Division – National Safety Systems (NSS/TS&L). The agreement involves supplying, installing, and supporting 14 solar-powered K1 Blue Light Emergency Towers across a university campus in eastern Tennessee.

For more information about Knightscope, Inc. (NASDAQ:KSCP), click here.

Featured Image @ Freepik

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Knightscope, Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Knightscope, Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

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