Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract
June 01 2023 - 9:35AM
Business Wire
Los Angeles County Expands Emergency
Communication Capabilities with K1 Call Boxes
Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the
“Company”), a leading developer of autonomous security robots and
blue light emergency communication systems, today announced that it
fulfilled a $1.2 million contract for its K1 Call Boxes following a
unanimous 12 to 0 vote by the LA Metro Board. The Call Boxes will
expand the Kenneth Hahn Call Box System by 210 units. Today’s
announcement follows just weeks after the May 15, 2023, news of a
separate $1.25 million contract from Rutgers University.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230601005457/en/
Knightscope Fulfills 210 Device, Million
Dollar Contract Within 30 Days of Landing 2nd Million Dollar
Contract (Photo: Business Wire)
A report issued by Los Angeles County Service Authority for
Freeway Emergencies (LA SAFE) stated that the Call Boxes are a
complimentary service to motorists in Los Angeles County available
24/7/365. Approximately 5,500 calls are generated annually from
call boxes within Los Angeles County. Of this total, about 4,000
calls result in some action or aid being rendered to users
including, but not limited to, Metro Freeway Service Patrol, Auto
Club, California Highway Patrol (CHP) rotation tow, CHP dispatch,
etc.
According to the Los Angeles Daily News, LA Metro board member
and Los Angeles County Fourth District Supervisor Janice Hahn
stated, “I think it is absolutely worth it. One of our
responsibilities is to make sure our freeways are safe for people.
This way, the motorists have a lifeline.” Hahn’s father, Kenneth
Hahn, served on the Board of Supervisors from 1952-1992 and started
the program that bears his name after witnessing a stranded mother
and her children on the 110 Freeway.
The Call Boxes immediately connect users to the CHP and provide
the exact location of the device being used so that services may be
quickly dispatched. By contrast, law enforcement professionals are
unable to pinpoint people using their personal cellular devices to
contact 911 because GPS data is not transmitted through the
system.
To learn more about Knightscope’s Autonomous Security Robots and
Blue Light Emergency Communication Systems, book a discovery call
or demonstration now at www.knightscope.com/discover.
About Knightscope
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. Learn
more about us 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.
Forward-looking statements contained in this press release include,
but are not limited to, statements about the Company’s path to
profitability, the Company’s targeted annualized revenue run rate,
the Company’s plans for top-line growth, the Company’s ability to
deliver on its backlog of new orders, the benefits of the Company’s
planned streamlining of its operations and rightsizing of its
combined workforce and the Company’s ability to achieve improved
margins. 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. These risks and uncertainties
include, among other things, the risk that the restructuring costs
and charges may be greater than anticipated; the risk that the
Company’s restructuring efforts may adversely affect the Company’s
internal programs and the Company’s ability to recruit and retain
skilled and motivated personnel, and may be distracting to
employees and management; the risk that the Company’s restructuring
efforts may negatively impact the Company’s business operations and
reputation with or ability to serve customers; the risk that the
Company’s restructuring efforts may not generate their intended
benefits to the extent or as quickly as anticipated. 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 December 31, 2022. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230601005457/en/
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
Knightscope (NASDAQ:KSCP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Knightscope (NASDAQ:KSCP)
Historical Stock Chart
From Apr 2023 to Apr 2024