Knightscope Wins Big with 4th Casino Contract!

COVID dealt an incredible blow to the hospitality, entertainment and gaming industries in 2020.  And although Las Vegas reopened with "a new Vegas for the new reality" in June, more than 100 casinos across the country remain closed.  The pandemic left many casino leaders scrambling to completely revise safety and security plans in an effort to accommodate large gatherings of people without compromising health and well being.

Another southern California casino signed an agreement with Knightscope to add a K5 Autonomous Security Robot (ASR) to its staff in an effort to expand its security program and welcome visitors back to a safe environment for entertaining.  In addition to its daily security responsibilities, the K5 ASR will be delivering public safety announcements reminding patrons to wear a mask, socially distance themselves and to sanitize frequently in accordance with State laws and local ordinances.

Join Knightscope CEO for a Fireside Chat on Dec. 9

IPO Edge, in partnership with The Palm Beach Hedge Fund Association, a Florida trade association for financial professionals and ultra high net worth investors, will host a fireside chat Wednesday, December 9 at 2pm EST with Knightscope – "Security Robots of the Future".  The event will last approximately one hour with time set aside for public audience Q&A.

WHEN:  Wed 09 Dec 2020 at 2PM EST / 11am PST

RSVP: Click here to RSVP

DISCLAIMER This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Knightscope Awarded 8 Patents

The Company holds 8 patents covering its ADMs (“Autonomous Data Machines and Systems” U.S. Patent Nos. 9,329,597, 9,910,436, 10,279,488 and 10,579,060), the security data analysis and display features of the KSOC (U.S. Patent No. 9,792,434 and 10,514,837) and its parking monitor feature (U.S. Patent No. 9,773,413 and 10,311,731). We have also filed one provisional patent, covering the ADMs’ behavioral autonomous technology.

As we gain more and more experience (now having operated over 1 million hours in the field), we expect additional innovations to be streaming out of our headquarters in Silicon Valley in the coming months and years. 

LD Micro Interviews Knightscope CEO

In this frank discussion, Chris Lahiji, the President of LD Micro (a portal providing exclusive intraday information on the micro-cap sector) interviews Knightscope CEO William Santana Li, during the COVID-19 pandemic. Learn about how Knightscope is starting to make progress in tackling one of society's biggest problems. 

Watch the interview here!  Enjoy! 

Arizona College Signs Agreement for Knightscope K5

A southern Arizona college will soon be deploying a Knightscope K5 security robot to patrol its campus to help keep its students and faculty safer.  Going to college can be one of the most exciting times in a person’s life.  Unfortunately, more than 28,000 physical crimes against people and property crimes were reported on postsecondary educational campuses in 2017 and in the current state of pandemic, going back to school this Fall was different than it had ever been.  And while safety is a priority for all colleges, masks introduce an element of anonymity that did not previously exist.

Having an Autonomous Security Robot (ASR) patrolling the campus will help provide public safety officials with a significantly sized physical deterrent with 360-degree high definition, eye-level video to help capture nefarious behavior with an ability to capture additional distinguishing characteristics to be used as evidence.  It is Knightscope’s hope that these additional protections will further safeguard the campus and lead to an overall feeling of safety and security by the students, staff and visitors. 🧑‍🎓 👨‍🎓 🤖 

Another Casino!

In spite of the pandemic, casinos are working hard to get back to business... and they are getting creative.  One casino was reported to have moved gambling outdoors to get away from the confines of indoor space that inhibits social distancing and adequate exchange of ventilation.  But they still have a duty to protect those that choose to visit their establishments.

Following in the footsteps and successes of Pechanga Resort and Casino, another California casino at an undisclosed location signed an agreement to deploy a K1 Security Robot to expand the coverage and capabilities of their phenomenal security program.  Keep your eyes peeled and ears peeled when gambling on the West Coast - you may just be greeted by a beloved and vigilant K1.  And please be safe out there 🤖 😷 

Sodexo Signed as Knightscope Authorized Partner

Knightscope announces that it has finalized and agreement with global food services and facilities management company Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY).  Founded in 1966, Sodexo now has over 470,000 employees and operates in 67 countries with approximately 45% of its $25.9B in revenue coming from its over, 13,500 North American Client sites as of 2019.

Sodexo’s broad range of services include, but are not limited to, construction/technical/operational efficiency, building automation, remote monitoring, fire and life safety, and vending serving many industries: Defense, Energy & Resources, Government, Healthcare, Schools, Seniors, Sports & Leisure, and Universities. Sodexo sought out a relationship with Knightscope to further strengthen its position as a well-rounded service provider, and will offer Knightscope’s full range of Autonomous Security Robots to its U.S. clientele effective immediately.

Knightscope’s Signs First Storage Facility!

Knightscope has a signed agreement to utilize its Autonomous Security Robots at a storage facility in southern California. The self-storage industry has been one of the fastest growing segments of the commercial real estate market for the past 36 years, taking in approximately $39 billion in annual revenue according to SpareFoot.com. Storage units are particularly susceptible to theft, vandalization and weather-related damage. While we cannot control Mother Nature, we certainly have proven value at reducing crime.

Today there are approximately 52,000 self-storage facilities representing 1.709 billion square feet of rentable space. Needless to say, this market offers tremendous growth potential for Knightscope... especially if it follows the trend of other industries that have adopted our technologies. It typically takes one client in any given vertical to spark other clients to stand up and take notice.

Las Vegas Here We Come! 

Westland Real Estate Group signed an agreement to deploy a K5 Autonomous Security Robot at an apartment complex in Las Vegas, NV. Westland, headquartered in Long Beach, CA, was founded in 1977 and currently owns and operates 65 Multi-Family Communities across California and Nevada, representing over 12,000 residential units. In addition to its residential portfolio, Westland also owns retail and industrial spaces.

The initial deployment location is in an area where higher crime rates have been reported, and the client intends to use the K5 working closely with Las Vegas Metropolitan Police Department in an effort to deter/curb nefarious behavior to protect its residents and ultimately achieve results similar to those seen in Huntington Park, CA (see crime stats here).  🤖🎲 

Knightscope Deploys at U.S. Dept of Veterans Affairs

First step was the land our first U.S. Federal Government contract.  Second step, was to actually deploy the technology!  Now we get to learn intimately about our client's needs and have been working very hard to meet them.  

Third step is to start daydreaming about the entire VA network of facilities.  Then what about the Social Security Administration, the federal courts, the numerous data centers, postal service, the FEMA warehouses, the national monuments, military bases, the national parks, NASA....and the list goes on and on.  We hope we have the honor to continue to develop our relationships with numerous federal authorities in the coming years. 

But most importantly, we greatly appreciate our veterans and are very proud to support, in our own small robotic way, the women and men who have bravely fought for our country as they visit the Audie L. Murphy Memorial Veteran’s Hospital.  You have our sincere and undying gratitude for your service to this amazing country of ours.  

Know that our Autonomous Security Robots are delivering a tall and proud Texas salute to each and every one of you visiting the Hospital and wishing you the best of health. 🇺🇸

Riding the Wave! 

Knightscope received a purchase order from a California Water District to help protect the supply of clean/safe water to consumers. Typically anywhere outdoors or indoors you might see a security guard or officer is a potential opportunity for our advanced physical security technologies.  If you know a perfect location in the U.S., please be sure to send the decision maker to sign up for a free demo at www.knightscope.com/demo - a Knightscope client development executive will begin to understand the prospective client's wants/needs and will showcase how our Autonomous Security Robots (ASRs) could potentially help!

MOUNTAIN VIEW, CA – October 26, 2020 – Knightscope, Inc., a developer of advanced physical security technologies utilizing fully autonomous robots focused on enhancing U.S. security operations, announced today that Mallorie Burak has joined the Company as its Executive Vice President and Chief Financial Officer.

Ms. Burak is an experienced financial executive with over 25 years of expertise across a broad spectrum of industries ranging from early stage start-ups to multi-national public corporations.  Over the span of her career, she has negotiated and managed over $500 million of successful financing and M&A deals and has spent the last 13 years focused on turnarounds and special situations for both public and venture backed companies.  

Prior to joining Knightscope, Ms. Burak served as CFO at ThinFilm Electronics ASA from 2019 to 2020, an innovative solid-state lithium battery start-up, and Alta Devices, Inc., a GaAs thin-film solar technology start-up, where she secured over $13 million and $56 million in funding, respectively.  Prior to Alta Devices, she served as CFO at FriendFinder Networks, Rainmaker Systems, FoodLink, and Southwall Technologies.  

Ms. Burak has a proven track record of creating a high-performance culture with a strong focus on operational excellence and maximizing shareholder value, as evidenced by the successful acquisition of Southwall Technologies after having repositioned, restructured, and grown the company.  She has significant experience working with a variety of financing sources, both public and private, and has led and managed numerous M&A related activities.  She holds a BSBA and MBA from San Jose State University.

Are You Going Public?!

That’s still our plan! Recent interest in Knightscope has been quite strong.  We are now backed by over 16,000 investors and 4 major corporations and have raised over $70 million since we started back in 2013 to build our crime-fighting technology from scratch.   Our long-term mission is to make the United States of America the safest country in the world – and with your continued support, we will reimagine public safety, together, at a time when our Nation needs it most.  

We are dedicated to pursuing a successful listing and have continued to focus on that process.  As with any fundraising and regulatory process, it takes time to complete it properly. The good news, however, is that while we work on it, you can now continue to buy shares in Knightscope here on StartEngine!  

DISCLAIMER This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Though the issuer plans to conduct a public listing in the future, there is no guarantee that the company will be successful in doing so. Even if the company does go public, it is possible shares may not trade at a price above what you paid for your shares. 

As a quick update, we are excited to share that we have been hard at work recruiting a bunch of new teammates (yes, you directly helped create new American jobs during a pandemic!), making significant improvements to our technology stack, initiating numerous process improvements, reducing costs, signing new customer contracts, and diligently working through our backlog of orders. 

We’ve been flooded with questions about a public offering, so I thought I would share four topics, out of dozens and dozens being worked on, so that you can get a flavor of our current focus and considerations.  

MECHANISM

What would be the best way to have Knightscope shares listed that would be in the best interest of both the stockholders and the Company?   Would that be a Direct Listing (DL); a traditional S-1 Initial Public Offering (IPO); or a Special Purpose Acquisition Company (SPAC) IPO, otherwise known as a blank-check company?  Or is the new avenue of a Direct Listing with a capital raise the appropriate path? 

PEOPLE

Is there a full finance and accounting team in place?  Is the sales team sufficiently staffed and trained?  Have you recruited the independent board members?  Is the entire management team in place?  Have you hired the right advisors? 

FINANCE

Are the audited financials of the right type?  How strong is the financial modeling and forecasting?   What is the Company’s view on issuing earnings guidance?  Is the balance sheet strong enough?  

INVESTOR RELATIONS

Have the right relationships been cultivated with equity research analysts?  Is the story one tells 'the street' well thought out (and appropriate in a COVID-19 environment)?  What are the impacts on a lockup strategy, which can be dependent on the listing mechanism chosen?  Is there an in-house or outsourced investor relations team in place?

RISK

Is it the right timing (holidays, elections, time of year, market volatility)?  Now that over 25% of issuers are being sued, has a solid risk mitigation strategy been developed?  Has the appropriate D&O insurance been sourced?

We are looking forward to the beginning of a new chapter of growth for the company as we gain access to the capital markets and hope to provide liquidity to our shareholders.  Should we be able to successfully complete all the steps, have tripled checked everything and are ready to go – we will let you know.  We get only 1 chance to do it so need to put our best foot forward regardless of how long it takes.  But in the meantime, know that we are hard at work, every day, pushing forward to securing a brighter future!  Onward and upward! 

Autonomously,

       /s/

William Santana Li

Chairman and CEO

Knightscope, Inc.