Knightscope’s (NASDAQ: KSCP) CEO and Chairman William Santana Li recently appeared on The Shrimp Tank, a podcast series featuring proven entrepreneurs and business leaders discussing how to start, grow and run a successful business. Li joined the program’s hosts, Lee Heisman and Ted Jenkin, to discuss Knightscope’s Machine-as-a -Service (“MaaS”) business model and how the company is using it to improve security while streamlining costs.
“Technology can have a massively positive impact on society. Crime has a $2 trillion negative economic impact on the U.S. every single year. What we’ve been doing at Knightscope for almost 10 years is building profound new technology to address a recurring societal problem with a recurring revenue business model, and we built these crazy autonomous security robots that are now patrolling across the country,” Li said.
“We have a Machine-as-a-Service business model. We don’t sell hardware or software; everything is basically included – data storage, telecom, decals, shipping, maintenance, support, everything. It can be as high as $9/hour for our technology, indoors or outdoors, or as low as $0.75/hour… If you compare our offerings to unarmed security guards at $15-$30/hour or an armed, off-duty law enforcement officer at around $85/hour, our model presents a massive change and a massive opportunity.”
To view the full press release, visit https://nnw.fm/jc2N6
About Knightscope, Inc.
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. For more information, visit the company’s website at www.knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://nnw.fm/KSCP
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
