News Release

70% of K5 Operating Fleet has Now Advanced to Latest Release

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 28, 2024-- Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that four more clients have been upgraded to the fifth generation of its K5 Autonomous Security Robot (“K5v5”). The K5v5 now represents 70% of the Company’s total fleet of security robots in operation and brings it closer to completing another one of the steps on the road to profitability proposed during its first annual Innovation Week earlier this year.

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70% of Knightscope's K5 operating fleet has now advanced to 5th-Generation Robots. (Photo: Business Wire)

Machine ‘hot-swaps’ began 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 recently announced 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.

GET EXPERT HELP

To learn more about Knightscope’s portfolio of public safety technologies, including the recently announced K1 Laser 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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Stacy Stephens
Knightscope, Inc.
(650) 924-1025

Source: Knightscope, Inc.