Knightscope and Securitas Announce Three-Year Channel Partner Agreement

Strategic Move to Drive Nationwide Growth of Autonomous Security Robots

Initial One-Year Contract Renewed Based on Early Successes in the Marketplace

Knightscope and Securitas extend channel partnership to deliver security robots to US clients. (Photo: Business Wire)

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MOUNTAIN VIEW, Calif.--()--Knightscope, developer of advanced physical security technologies focused on significantly enhancing US security operations, and Securitas AB (SECU-B.ST), the world’s second largest private security company, announced today that the parties are extending their channel partner agreement through February 2020. The agreement gives Securitas Security Services USA, Inc., a subsidiary of Securitas, rights to offer Knightscope’s technologies to its significant existing customer base, while Knightscope continues to develop new technologies and provide operational support.

Knightscope and Securitas have been working together over the past year and have successfully deployed Knightscope’s security robots at several key Securitas accounts in California.

“The move toward digitalization is very fast, but I am convinced we’re right on time,” says Alf Göransson, President and CEO, Securitas. “The security company of tomorrow will, to a much larger degree, consist of higher use of technology and knowledge content, and there are big opportunities going on in many sectors of society.”

“Knightscope is re-defining physical security with our technologies,” says William Santana Li, chairman and CEO, Knightscope, Inc. “Imagine delivering capabilities to the fingertips of security guards that may appear almost ‘superhuman’, providing greater situational awareness and a tremendous advantage over what could be accomplished without Knightscope’s technology. Our software+hardware+humans approach is working and we look forward to continuing to collaborate with Securitas.”

Investors interested in purchasing Series m Preferred Stock in Knightscope can now do so exclusively online at SeedInvest: www.seedinvest.com/knightscope.

About Knightscope, Inc.

Knightscope, Inc. is an advanced security technology company that utilizes Software + Hardware + Humans to provide its clients with new groundbreaking anomaly detection capabilities. In an increasingly volatile world, we are developing one of the most important technologies to come out of Silicon Valley that will empower the public and private sectors to proactively build stronger, safer communities, ultimately saving money and lives. Crime has a $1 trillion negative economic impact on the U.S. every single year and our long-term mission is to cut it in half. Schedule a demo and learn more at www.knightscope.com.

About Securitas AB

Securitas is a global knowledge leader in security. We base our security solutions on customer-specific needs through different combinations of on-site, mobile and remote guarding, electronic security, fire and safety and corporate risk management. Everywhere from small stores to airports, our 330,000 employees are making a difference.

SEC Disclaimer

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement which only means that Knightscope may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement here. You should read the offering circular before making any investment.

Forward-Looking Statements

This release may contain forward-looking statements regarding projected business performance, operating results, financial condition and other aspects of the company, expressed by such language as “expected,” “anticipated,” “projected” and “forecasted.” Please be advised that such statements are estimates only and there is no assurance that the results stated or implied by forward-looking statements will actually be realized by the company. Forward-looking statements may be based on management assumptions that prove to be wrong. The Company and its business are subject to substantial risks and potential events beyond its control that would cause material differences between predicted results and actual results, including the company incurring operating losses and experiencing unexpected material adverse events.

Contacts

Knightscope, Inc.
Stacy Dean Stephens, 877-562-0823

Release Summary

Knightscope extends agreement three years with second largest private security company, Securitas. Strategic Move to Drive Nationwide Growth of Autonomous Security Robots.

Contacts

Knightscope, Inc.
Stacy Dean Stephens, 877-562-0823