Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope

2023-06-20 23:16
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jun 20, 2023--
San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Jun 20, 2023--

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 received a purchase order from San Francisco Bay Area Rapid Transit (BART) to expand its emergency communications system with three K1 Call Boxes. Additionally, a university in the northeast is updating two of its antiquated devices using the Knightscope K1 Retrofit Kit.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230620962543/en/

San Francisco Bay Area Rapid Transit (BART) Places Order with Knightscope (Photo: Business Wire)

Knightscope’s modern emergency phones and call boxes are extremely cost-effective systems that use cellular and satellite communications with optional solar power. Knightscope’s leading-edge communications products and Autonomous Security Robot (ASRs) services provide reliable technologies for transportation hubs and educational campuses to help better protect the places people live, work, study and visit. Knightscope’s portfolio of K1 emergency communication products are affordable and easy to install, providing clear voice connectivity with a flashing blue strobe and area illumination to extend that helping hand to remote locations.

To learn more about Knightscope’s Blue Light Emergency Communication Systems or Autonomous Security Robots, 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/20230620962543/en/

CONTACT: Public Relations:

Stacy Stephens

Knightscope, Inc.

(650) 924-1025Corporate Communications:

IBN (InvestorBrandNetwork)

Los Angeles, California

www.InvestorBrandNetwork.com

310.299.1717 Office

Editor@InvestorBrandNetwork.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ROBOTICS SECURITY TECHNOLOGY TRANSPORT PUBLIC TRANSPORT HARDWARE

SOURCE: Knightscope, Inc.

Copyright Business Wire 2023.

PUB: 06/20/2023 11:05 AM/DISC: 06/20/2023 11:04 AM

http://www.businesswire.com/news/home/20230620962543/en