InvestorNewsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Upgrade, Contract Expansion for California Multifamily Community Client

Knightscope (NASDAQ: KSCP), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, has successfully upgraded a Knightscope Authorized Partner (“KAP”) JDS Security’s first K5 Autonomous Security Robot (“ASRs”) deployed at a multifamily residential community. According to the announcement, the community is in San Diego, California.

Based on the success this multifamily community experienced with the K5, the client increased security coverage by adding a K1 Hemisphere ASR to the existing contract. According to Knightscope, the K1 was deployed at the same time the KF upgrade was made, resulting in and expanded scope of capabilities that elevate the level of safety for both the people and property of this Southern California community.

“This client is one of the top multifamily housing owners, developers and property managers in the U.S., as ranked by the National Multifamily Housing Council,” stated Knightscope in the press release. “The company has over 37 years in the multifamily sector, has acquired or developed 1,015 communities consisting of over 285,000 units and almost $40 billion in total project costs with current property management at 41,000 units in over 30 markets nationally (as of Sept. 30, 2022). Clients with such strong portfolios offer great expansion opportunities for Knightscope as the company continues to execute on its growth plan.”

Knightscope noted that this latest upgrade to the fifth generation of the K5 ASR brings it closer to reaching a major milestone in its Road to Profitability. The company outlined the initiative during its Innovation Week event, which was held earlier this year.

To view the full press release, visit https://ibn.fm/MoKU9

About Knightscope, Inc.

Knightscope builds cutting-edge technologies to improve public safety. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.

NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.