Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots and emergency systems, announced that seven key clients have renewed their contracts for another year. The renewal agreements include a hospital, hotel, bank, commercial property developer, mass media company, and two residential communities, representing clients from a variety of industries. Knightscope’s innovative solutions have enabled these clients to reduce crime rates and improve security operations at their respective facilities, and their renewals affirm the trust they place in the company to continue delivering on their mission to protect the places people live, work, study and visit.
“Ongoing renewals from our client base, some going on their 4th, 5th and 6th years, validate the premise for our Machine-as-a-Service (‘MaaS’) business model: recurring revenue for a recurring societal problem,” said William Santana Li, chairman and CEO of Knightscope. “We are grateful to our clients for working with us to take this cutting-edge technology from movie screen science fiction to mainstream science fact.”
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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.
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