MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, developer of advanced physical security technologies focused on significantly enhancing U.S. security operations, today announced the K1 to complement its growing portfolio of Autonomous Data Machines (ADM), including the K3 (indoors), K5 (outdoors) and the upcoming K7 (multi-terrain). The K1 will initially cater to airports, hospitals, retail and other environments with highly sensitive points of ingress/egress requiring a physical presence but in a stationary form.
Knightscope will begin delivering the K1 to clients in the fourth quarter of 2017 with a comparable set of features to that of the K3 and K5, but priced at $5 per hour for both indoor and outdoor usage. These features include 360-degree daytime/nighttime live streaming and recorded video, license plate recognition, people and signal detection as well as broadcast and intercom functionality.
The K1 with the optional Concealed Weapon Detection and Radiation Detection capabilities will commence shipping in 2018 at $7 per hour utilizing the Company’s industry leading Machine-as-a-Service (MaaS) business model. Clients electing not to utilize these optional features will still be able to obtain the K1 at the $5 per hour rate in 2018.
“We are determined to make the United States of America the safest country in the world, changing everything for everyone,” said William Santana Li, chairman and chief executive officer, Knightscope, Inc. “To achieve such an audacious goal, we will need to employ a vast portfolio of technologies to provide security and law enforcement professionals unprecedented capabilities to help keep everyone safe.”
For more information on Knightscope, including investment opportunities in purchasing preferred stock in the Company’s Reg A+ “mini-IPO” as well as the Investor Perks, please visit www.knightscope.com. Information about the offering, as well as the offering circular, can be found here.
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. Learn more at www.knightscope.com
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.” These statements also include estimates of the pace of
customer adoption of the Company’s products, engineering developments
and prototype capabilities. 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’s predictions may not be
realized for a variety of reasons, including due to competition,
customer sales cycles, and engineering or technical issues, among
others. In addition, transitioning from proof of concept to working
prototypes and then to production involves an inherent amount of
uncertainty, and there is no guarantee that the Company will be able to
successfully make these transitions for any of its developing
technologies. 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.