Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, is announcing additional contracts as the company sees significant success in its efforts to help protect the places people live, work, study and visit. According to the announcement, Knightscope has signed two contracts for its K5 autonomous security robots.
KSCP has added to its client list a commercial real estate property — a corporate campus property in North Hollywood, California. The contract, which calls for Knightscope to deploy a K5 ASR to patrol the campus, is with an American commercial real estate services and investment firm that has been a national account target since 2017.
“The client manages a property occupied by one of the world’s largest multinational telecommunications companies, coincidentally another major account target since 2017, making this a particularly attractive ‘double win’ for Knightscope that opens the door to future U.S. expansions,” stated the company in the press release.
The second contract is for a casino expansion in Lake Charles, Louisiana. The deal is part of a master contract announced earlier this year outlining the deployment of Knightscope technologies at 43 properties nationwide. The contract calls for Knightscope ASRs to protect and engage the millions of people who visit these sites by greeting guests while also providing additional eyes and ears to the human security team, including a two-way communication system to enhance the safety of visitors and workers.
“One of the best ways to gauge the overall health and performance of a company is by watching its existing clients — especially those that broaden the use of one’s products and services,” stated the company in the press release. “The benefits of such expansions include shorter sales cycles and higher, more efficient close rates. Today’s announcement brings the total robots under contract for this gaming client to seven, which include deployments in Las Vegas, Nevada; Council Bluffs, Iowa; Aurora, Illinois; Shreveport, Louisiana; Bossier City, Louisiana; and New Orleans, Louisiana.”
To view the full press release, visit https://ibn.fm/dklty
About Knightscope, Inc.
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. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
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