Texas State University Awards Knightscope Contract and Long Time Client Renews for 7th Year

Knightscope Selected to Service 100+ Emergency Phones

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, Inc. (Nasdaq: KSCP), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that a well-known media and entertainment company has renewed its contract for the seventh year to continue patrolling one of its North Hollywood properties.

This client, one of Knightscope’s early adopters who wishes to remain anonymous, originally signed a contract hoping that an Autonomous Security Robot (ASR) would help deter the criminal trespassing, criminal mischief and theft that took place prior to the robot’s arrival. After six full years of successful operation, the client renewed its agreement for another year of 24/7/365 service.

100+ Emergency Phone Service Contract

Texas State University awarded Knightscope a contract to service 103 emergency phone systems. Knightscope’s acquisition of CASE Emergency Systems in late 2022 continues to provide top line revenue growth. Like its ASR business, Knightscope is, to its very core, a service organization. Public safety professionals are highly valued and deserve quick, easy, personalized, and empathetic attention to help protect the places people live, work, study and visit.

Knightscope offers comprehensive maintenance and service plans for emergency communications systems. Legacy e-phones and call boxes may also be retrofitted with Knightscope’s modern technologies. To discover more, visit 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.