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
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.
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.