The city of Texas signs a new contract for emergency communication devices

Knightscope, an artificial intelligence and robotics company, announced a new contract with a Texas municipality for 3 K1 blue lighting towers. The deal was facilitated by their new partner, PMB Capital Investments. With over 30 years of real estate and capital markets experience, PMB focuses on rapidly growing cities in the southwestern United States. This contract represents a major milestone for Knightscope and potentially opens the door to more municipal contracts.

Additionally, the Bay Area biotech developer has extended its contract for a third year, covering 2 K5 autonomous security robots and 1 K1 Tower ASR robot to enhance security. These renewals highlight Knightscope’s role in protecting high-value assets and intellectual property in high-tech facilities.

Knightscope technologies, including emergency communications systems and security robots, are designed to deliver reliable security solutions. Interested parties can learn more through telephone calls or demonstrations on their websites.

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New contract with a Texas municipality for 3 K1 Blue Light Towers.

Cooperation with PMB Capital Investments, a company with extensive experience in the real estate and capital markets.

After this success, there is potential for further municipal contracts.

Renewed contract with Bay Area biotech developer for 2 K5 autonomous security robots and 1 K1 Tower ASR.

Continued protection of high-value assets and intellectual property in high-tech facilities.

24/06/2024 – 09:40

Bay Area developer extends contract for third year

MOUNTAIN VIEW, California.–(BUSINESS WIRE)– Knightscope, Inc. (Nasdaq: KSCP) (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces a new agreement from A Texas commune for 3 blue lighthouse towers K1. This is the first agreement through Knightscope’s newest Authorized Partner (“KAP”), PMB Capital Investments, a private investment and development company based in Dallas, Texas.

The city of Texas signs a new contract for emergency communication devices (photo: Business Wire)

PMB directors have over 30 years of experience in the real estate and capital markets, including the development of over 5,000 residential plots $750 million in direct real estate purchases. PMB may invest in all types of real estate products and equity, debt and/or mezzanine structures. The company primarily targets large cities in the southwestern United States where strong population growth is forecast. The success of this inaugural municipal sale sets the stage for the Company to secure more contracts and build a long-term partnership with PMB.

The familiar blue-lit towers are a very reassuring sight when emergency services are needed in any city. They work day and night in all weather conditions, even with the greatest traffic intensity. Blue light emergency phone systems always reliably report a person’s exact location, ensuring the right type of help arrives faster.

Developer Biotech extends the contract for a third year

A Bay Area biotechnology developer has renewed its contract for 2 Knightscope K5 Autonomous Security Robots (“ASR”) and 1 ASR K1 Tower to enhance security at its amenity-rich real estate project located in a highly regulated environment. Biotechnology companies, like any other type of business, must be protected against hacking, vandalism and other intrusions, especially as their intellectual property becomes an attractive target for theft and sabotage. Burglaries can lead to damage to expensive physical property, such as rented or owned lab equipment and valuable electronics. Random vandalism can also escalate into targeted vandalism, especially if companies have faced criticism or protests regarding specific research activities.

Knightscope will continue to patrol the parking lot and monitor common areas of campus to help protect the physical and intellectual property created at this state-of-the-art facility, as well as the employees who help our communities lead healthier lives.

Get expert help

To learn more about Knightscope’s risk and threat analysts or any of its autonomous security robots, blue light emergency communications system, or automatic gunshot detection services, book an introductory call or demo today at www.knightscope.com/discover.

About Knightscop

Knightscope creates cutting-edge technologies to improve public safety, and it is our long-term ambition to do just that United States of America the safest country in the world. Find out more about us at www.knightscope.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may 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 and other communications include, but are not limited to, statements regarding the Company’s objectives, profitability, growth, prospects, expense reductions and prospects. Although Knightscope believes that the expectations reflected in forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from forward-looking statements, including factors discussed under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2023, as disclosed in Knightscope’s other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are contained, and Knightscope undertakes no obligation to update any forward-looking statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240624674521/en/

Public Relations:

Stacy Stephens

Knightscope limited liability company

(650) 924-1025

Source: Knightscope, Inc.

Frequently asked questions

What new contract has Knightscope announced?

Knightscope announced a new contract with a Texas municipality for 3 K1 blue lighting towers.

Who facilitated the new Knightscope contract in Texas?

The agreement was made possible thanks to Knightscope’s new partner, PMB Capital Investments.

What is the background of PMB Capital Investments?

PMB Capital Investments has over 30 years of experience in the real estate and capital markets industry, focusing on high-growth cities in the southwestern United States.

Has Knightscope provided a contract extension?

Yes, the Bay Area biotech developer has extended its contract for 2 K5 autonomous security robots and 1 K1 Tower ASR for a third year.

What technologies does Knightscope offer?

Knightscope offers technologies including autonomous security robots, blue light emergency communications systems and automatic gunshot detection services.