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Knightscope Declines on New Contracts

Knightscope, Inc. (NASDAQ: KSCP) shares dipped Thursday, as the company, a leading developer of autonomous security robots, announces six new contracts for four of its Autonomous Security Robots (ASR) and four Blue Light Emergency Communication systems, spanning multiple U.S. states.

One of the contracts is in Texas, as an American hotel group with five properties in the DFW area will have one K5 ASR patrolling a hotel parking lot on a 24-hour schedule near Dallas Love Field. As well in the Lone Star state, a community college in San Antonio is adding one K1 Blue Light Tower to its existing communications system.

In California, a K1 Hemisphere will be deployed at the front door of an entertainment facility in San Diego, while a K5 ASR will protect its parking lot. As well, in the Golden State, a county government purchased two K1 Satellite Upgrade Kits for their highway emergency call boxes.

Finally for California, a health-care client is expanding, adding a third location and its third K5 ASR to the security team.

In Michigan, a township has purchased a K1 Blue Light Emergency Phone, with plans to expand upon successful delivery and operation.

Knightscope’s Client Development team has elevated its efforts to wrap up any last-minute sales to close out 2022 and is available to respond to any demo, quote or information requests through the balance of the year.

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report

KSCP shares dived five cents, or 3.1%, to $1.59.