Knightscope Surges with $2+ Million in Sales, Renewals and Expansions

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Knightscope Surges with $2+ Million in Sales, Renewals and Expansions

2025-04-03 21:35 Last Updated At：21:51

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Apr 3, 2025--

Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced over $2 million in new contracts, including major client renewals, technology expansions, and strategic deployments across the U.S. Contracts include a significant reseller order for more than 150 Emergency Communication Devices (ECDs) for a large university system, and marks accelerating momentum in Knightscope’s recurring revenue model.

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Key wins and highlights include:

Higher Education Expansion: A major reseller order to serve a prominent university system, reinforcing Knightscope’s strong position in the education sector.

A K5 ASR sale to a major county transportation agency, enhancing infrastructure protection through 24/7 autonomous patrol, anomaly detection, and real-time data delivery.

14 ASR subscription renewals, including a 6th-year renewal with a casino and other long-term partners across self-storage, hospitality, healthcare, residential, and logistics sectors.

Public Sector Growth: A California government agency awarded a substantial budgetary expansion for Knightscope’s Full Service Maintenance (FSM) program, demonstrating deepening client trust and expanded footprint.

Transportation Infrastructure Upgrade: A commercial real estate operator at a major U.S. airport purchased 10 K1 Blue Light Towers bundled with KEMS and Verizon connectivity, showcasing growing demand for layered security infrastructure.

Over 60 Emergency Management Systems (KEMS) were sold to educational institutions in Alabama, Florida, and Texas, further validating Knightscope’s increasing relevance in school safety nationwide.

“We’re seeing sustained traction across both public and private sectors,” said William Santana Li, Chairman and CEO, Knightscope, Inc. “This momentum reflects the value of our recurring revenue model and validates our long-term strategy to transform public safety using autonomous technology – by building a recurring revenue business model for the recurring societal problem of public safety.”

Delivering Scalable Growth and Recurring Revenue

These contract wins significantly expand Knightscope’s deployed technology base and strengthen its recurring revenue pipeline. As public and private institutions seek modern, cost-effective safety solutions, Knightscope continues to stand out as a category leader in AI-powered autonomous security systems.

About Knightscope

Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: to make the United States of America the safest country in the world. Learn 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. 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 and other communications include, but are not limited to, statements about the Company’s goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these 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 such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. 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.

Swollen rivers flood towns in US South after dayslong deluge of rain

2025-04-07 13:40 Last Updated At：13:51

FRANKFORT, Kentucky (AP) — Days of unrelenting heavy rain and storms that killed at least 18 people worsened flooding as some rivers rose to near-record levels and inundated towns across an already saturated U.S. South and parts of the Midwest.

Cities ordered evacuations and rescue crews in inflatable boats checked on residents in Kentucky and Tennessee, while utilities shut off power and gas in a region stretching from Texas to Ohio.

“As long as I’ve been alive — and I’m 52 — this is the worst I’ve ever seen it,” said Wendy Quire, the general manager at the Brown Barrel restaurant in downtown Frankfort, Kentucky, the state capital built around the swollen Kentucky River.

“The rain just won’t stop,” Quire said Sunday. “It’s been nonstop for days and days.”

Officials diverted traffic and turned off utilities to businesses in the city as the river was expected to crest above 49 feet Monday to a record-setting level, said Frankfort Mayor Layne Wilkerson. The city's flood wall system is designed to withstand 51 feet of water.

For many, there was a sense of dread that the worst was still to come.

“This flooding is an act of God,” said Kevin Gordon, a front desk clerk at the Ashbrook Hotel in downtown Frankfort. The hotel was offering discounted stays to affected locals.

The 18 reported deaths since the storms began on Wednesday included 10 in Tennessee. A 9-year-old boy in Kentucky was caught up in floodwaters while walking to catch his school bus. A 5-year-old boy in Arkansas died after a tree fell on his family’s home, police said. A 16-year-old volunteer Missouri firefighter died in a crash while seeking to rescue people caught in the storm.

The National Weather Service warned Sunday that dozens of locations in multiple states were expected to reach a “major flood stage,” with extensive flooding of structures, roads, bridges and other critical infrastructure possible.

In north-central Kentucky, emergency officials ordered a mandatory evacuation for Falmouth and Butler, towns near the bend of the rising Licking River. Thirty years ago, the river reached a record 50 feet (15 meters), resulting in five deaths and 1,000 homes destroyed.

The storms come after the Trump administration cut jobs at NWS forecast offices, leaving half of them with vacancy rates of about 20%, or double the level of a decade ago.

Forecasters attributed the violent weather to warm temperatures, an unstable atmosphere, strong winds and abundant moisture streaming from the Gulf.

The NWS said 5.06 inches (nearly 13 centimeters) of rain fell Saturday in Jonesboro, Arkansas — making it the wettest day ever recorded in April in the city. Memphis, Tennessee, received 14 inches (35 centimeters) of rain from Wednesday to Sunday, the NWS said.

Rives, a northwestern Tennessee town of about 200 people, was almost entirely underwater after the Obion River overflowed.

Domanic Scott went to check on his father in Rives after not hearing from him in a house where water reached the doorstep.

“It’s the first house we’ve ever paid off. The insurance companies around here won’t give flood insurance to anyone who lives in Rives because we’re too close to the river and the levees. So if we lose it, we’re kind of screwed without a house,” Scott said.

In Dyersburg, Tennessee, dozens of people arrived over the weekend at a storm shelter near a public school clutching blankets, pillows and other necessities. Just days earlier the city was hit by a tornado that caused millions of dollars in damage.

Among them was George Manns, 77, who said he was in his apartment when he heard a tornado warning and decided to head to the shelter. Just days earlier the city was hit by a tornado that caused millions of dollars in damage.

“I grabbed all my stuff and came here,” said Mann, who brought a folding chair, two bags of toiletries, laptops, iPads and medications: “I don’t leave them in my apartment in case my apartment is destroyed."

For others, grabbing the essentials also meant taking a closer look at the liquor cabinet.

In Frankfort, with water rising up to his window sills, resident Bill Jones fled his home in a boat, which he loaded with several boxes of bottles of bourbon.

Izaguirre reported from New York. Kruesi reported from Nashville. Associated Press writers Bruce Schreiner in Shelbyville, Kentucky; Andrew DeMillo in Little Rock, Arkansas; Adrian Sainz in Memphis; Tennessee; Sarah Raza in Sioux Falls, South Dakota; Obed Lamy in Rives, Tennessee; and Sophia Tareen in Chicago contributed to this report.