Public Safety Innovator Continues Building Strong Growth Curve

NASDAQ:KSCP)" width="1024" height="512" srcset="https://pressreach.com/wp-content/uploads/2023/01/8B-KSCP.jpg 1024w, https://pressreach.com/wp-content/uploads/2023/01/8B-KSCP-300x150.jpg 300w, https://pressreach.com/wp-content/uploads/2023/01/8B-KSCP-768x384.jpg 768w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px">4 New Contracts for 8 Machines to Kick Off New Year at Knightscope (NASDAQ:KSCP) (Photo: Business Wire)

MOUNTAIN VIEW, Calif., Jan. 6, 2023 — Knightscope, Inc. (NASDAQ:KSCP), a leading developer of autonomous security robots, kicks off the New Year with 4 new contracts totaling 8 new machines including 3 K5 Autonomous Security Robots (ASRs) and 5 K1 Blue Light Towers.  This announcement supports the Company’s commitment to growth and strengthening its revenues on the road to profitability.

The new contracts encompass both new clients and current clients adding to their existing agreements with new machines in new locations.  The deployment locations and use cases are as follows:

• Knightscope channel partner, and one of the largest security companies in the United States, added another K5 ASR to the security program of one of the largest finance companies in the nation. The K5 will patrol the parking lot and grounds of its customer’s regional corporate office in the Jacksonville, FL area with the goal of deterring thefts and other crimes and increasing the actual and perceived safety of the site’s employees and visitors.
• Another expansion comes from an American entertainment company that operates integrated entertainment, sports content, and casino gaming businesses. This client owns and operates over 40 properties in 20 states, and Knightscope will now be in 3 of their properties in 3 states.  The latest contract will have a K5 patrolling the parking lots in front of an Illinois casino to stave off car thefts, break-ins, and criminal trespassing.
• A residential developer committed to the preservation, restoration, and renovation of properties in Chicago, Kansas City, and St. Louis signed its first contract for a K5 ASR. They will use the K5 to patrol the parking lot of one of their many apartment complexes that houses university students at a well-known institution of higher learning.
• A teaching hospital that’s been around for nearly 100 years has purchased 5 K1 Blue Light Towers to improve communications and safety on their New York medical campus.

Knightscope continues to create value for its existing and prospective clients, which is reflected in the building sales curve over the past year.  These transactions further enhance the quality and growth profile of the Company by increasing portfolio exposure to higher-growth, multi-site end users allowing for long-term expansion.

If you have a property that might benefit from sophisticated security technologies, then schedule a call or demo with one of our experts and discover how Knightscope is already protecting the places people live, work, study and visit today.

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about the company 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. 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. 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 Dec. 31, 2021. 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.

Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025

Corporate Communications:
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com

Source Knightscope, Inc.

Featured Image Depositphotos @ paulfleet

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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.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities.

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