Knightscope Secures Over $1M in Annual Recurring Revenue through Renewals

Lake Street Capital Markets Initiates Coverage

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, Inc. (NASDAQ: KSCP), an innovator in robotics and artificial intelligence technologies focused on public safety, has successfully secured renewals for 7 Autonomous Security Robots (ASRs) and extended Full Service Maintenance (FSM) agreements for 14 K1B clients with Emergency Communication Devices (ECDs), covering over 930 ECDs. These renewals collectively contribute more than $1 million in annual recurring revenue.

Among the renewed agreements, Dignity Health has extended its Machine-as-a-Service (MaaS) subscription for an 8th consecutive year. Additionally, a Top 10 Fortune 500 entertainment corporation renewed its agreement for an 8th year, reinforcing its continued confidence in Knightscope’s technology. Westland, a residential community in Las Vegas, NV, also renewed its MaaS subscription, marking over four years of partnership with Knightscope.

Further demonstrating growing market interest, a third independent analyst has initiated coverage of Knightscope’s stock. This latest initiation by Lake Street Capital Markets, alongside existing coverage from Ascendiant Capital Markets and H.C. Wainwright & Co., underscores the increasing recognition of Knightscope’s mission, technology, and market potential. While specific details of the Lake Street’s coverage can be accessed by contacting the investment bank’s Institutional Equity Research team, the expansion of analyst coverage reflects heightened engagement from the investment community in Knightscope’s long-term vision and business strategy.

Experience the Future Today

Knightscope’s portfolio of advanced public safety technologies – including the K1 Laser, Blue Light Emergency Communication Devices, Autonomous Security Robots and Automated Gunshot Detection Services – can enhance security where it matters most. Book a discovery call today at www.knightscope.com/discover.

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, 2023, 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.