After beating General Motors and Ford in US electric vehicle (EV) sales in Q3, Hyundai Motor Group plans to keep its momentum going in the market.

Hyundai officially launched its new state-of-the-art Hyundai Motor Group Innovation Center Singapore (HMGICS) this week, a “smart urban mobility hub” run by robots, robot dogs and artificial intelligence (AI). 

With the aid of 200 robots, the facility has the capacity to produce 30,000 customizable EVs annually, showcasing a revolutionary cell-based production system. 

The robots play a crucial role, handling 50% of all tasks, including assembly, inspection, production, and 60% of component processing, ordering, and transport, allowing human workers to focus on more creative and strategic tasks. 

The tech hub also provides a unique immersive experience that includes flexible vehicle customization, test drives, VR factory tours, and even a “smart farm” where robots cultivate vegetables.

While robotics integration is an ongoing trend in the automotive industry, security and defense is another sector increasingly using robots to bolster human ability.

North America, a leader in robotics innovation and a major market, is increasingly adopting security robots across various industries due to their reliability and effectiveness in surveillance.

The rise in defense spending and the need to address threats like terrorism, piracy, and border security challenges are driving the market expansion. The Security Robot Market is valued at $14 billion in 2023 and is projected to reach$26.11 billion by 2028, growing at a compound annual growth rate (CAGR) of 13.57% during the forecast period. 

These robots, now equipped with advanced technology, are becoming essential in safeguarding public spaces without seeming threatening, thus gaining cultural acceptance.

At the forefront of the robot security market is Knightscope, Inc. (NASDAQ:KSCP), a security technology company deploying autonomous security robots (ASRs) and blue light emergency communication systems across America.

A Pioneer in Autonomous Security Robots

Knightscope‘s fully autonomous security robots (ASRs) are designed to prevent, detect, and report security threats. Its groundbreaking technology has proven effective in fighting crime and improving the situational awareness of security and public safety professionals.

In recent months, Knightscope, Inc. (NASDAQ:KSCP) has inked significant deals, securing a $1.25 million contract for 145 devices with Rutgers, The State University of New Jersey and initiating a pilot test of its K5 security robots in Manhattan’s subway stations in collaboration with the New York Police Department (NYPD) and the Metropolitan Transportation Authority (MTA).

Other notable clients Knightscope has added to its roster in recent months include Penn Entertainment for 43 of its gaming and racing properties nationwide, San Francisco Bay Area Rapid Transit (BART) and Port Authority of New York and New Jersey.

The Port Authority of New York and New Jersey just expanded its contract with Knightscope, integrating the Knightscope Emergency Management System (KEMS) Professional service to oversee 11 K1 Call Boxes installed on the George Washington Bridge. This system uses cloud-based technology to monitor the operational health and status of the devices, providing real-time error detection and diagnostics, and compiling system performance data.

For those interested in learning more about Knightscope‘s innovations and ongoing projects, additional information can be found by exploring the ‘Rise of the Robots‘ section on the website of Knightscope, Inc. (NASDAQ:KSCP).

Featured Image @ Knightscope

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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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