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7 Clients Renew Contracts for Knightscope Technologies

Monday, 30th December at 9:35 am
5 More Clients Upgraded to 5th Generation Security Robot

Knightscope, Inc. (NASDAQ: KSCP) ("Knightscope" or the "Company"), an innovator in robotics and artificial intelligence ("AI") technologies focused on public safety, today announces that seven clients have renewed their agreements for the Company's autonomous security robot ("ASR") and emergency communication device ("ECD") services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241230987824/en/

7 clients renew contracts for Knightscope technologies, and 5 more upgraded to 5th generation security robot. (Photo: Business Wire)
7 clients renew contracts for Knightscope technologies, and 5 more upgraded to 5th generation security robot. (Photo: Business Wire)

Two companies managing commercial real estate portfolios in California and Oregon, renewed their ASR agreements for the second and third years, respectively; a casino in Iowa renewed its ASR agreement for the third year; and a hospital in Texas renewed for its seventh year of service. These contract renewals account for a total of 6 deployed ASRs. Additionally, a school in Texas and two local governments in California renewed service agreements for ECDs that provide critical, one-touch communications with emergency services such as police, fire and ambulance. Clients that continue to renew their contracts strengthen the Company's long-term value proposition, putting it one step closer to achieving Knightscope's mission to make the United States the safest country in the world.

Five more clients have also been upgraded to the fifth generation of its K5 Autonomous Security Robot ("K5v5"). Two Casinos, a Class-A, twin-tower office complex and a storage facility all have the latest release of Knightscope's AI-powered devices that improve safety at the places people live, work, study and visit. Machine ‘hot-swaps' began earlier this year following the engineering release of the fully redesigned K5v5. This all-new security robot is faster to build, improves quality, and is easier to service. When paired with Knightscope's Risk & Threat Exposure ("RTX") enhancement to its Machine-as-a-Service business model, the Company is able to elevate the delivery of public safety tools to its clients. As a result, on-site performance and reliability are strengthened, which raises client value and satisfaction.
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