MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jun. 26, 2024-- Knightscope, Inc. [Nasdaq: KSCP] ("Knightscope" or the "Company"), an innovator in robotics and artificial intelligence ("AI") technologies focused on public safety, today announces two new K5 Autonomous Security Robot ("ASR") deployments for a self-storage company known to be one of the fastest-growing self-storage platforms in the United States with assets located primarily in high-density, urban markets.
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Two New Knightscope K5 Deployments in Self Storage (Graphic: Business Wire)
Knightscope's K5 ASRs are now patrolling two of the client's California storage locations to help mitigate risk and elevate the protection offered to tenants and their belongings. In addition to their security duties, the robots will broadcast helpful messages to passersby and act as brand ambassadors. The client is eagerly waiting to gauge the success of these initial deployments as they consider deployments at many other store locations.
According to industry analysts, the global self-storage market was valued at $54 billion in 2022. Projections show growth at a CAGR of 7.53% with an expected market value of $83.6 billion by 2027 with 90 percent of worldwide self-storage inventory is in the U.S. Safety at these facilities is one of the primary marketing tools and, if upgraded beyond competitors, affords owners the ability to maximize occupancy while increasing revenue per square foot.
Get Expert Help
To learn more about Knightscope's new Risk & Threat Exposure Analysts or any of its Autonomous Security Robot, Blue Light Emergency Communication System or Automated Gunshot Detection Services, book a discovery call or demonstration today at www.knightscope.com/discover.
About Knightscope
Knightscope builds cutting-edge technologies to improve public safety, and our long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company's goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by its other filings with the Securities and Exchange Commission. 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.
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Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025
Source: Knightscope, Inc.
