Knightscope Upgrades 70% of Security Robots to Fifth-Generation Model

Knightscope, an innovator in robotics and artificial intelligence, has announced that four more clients have been upgraded to the fifth generation of its security robots, known as the K5v5. This upgrade is a significant step towards completing another one of the company's proposed steps on the road to profitability. The K5v5 is faster to build, improves quality, and is easier to service compared to its predecessors. When paired with Knightscope's Machine-as-a-Service business model, the company is able to elevate the delivery of public safety tools to its clients, resulting in strengthened on-site performance and reliability.

Key Takeaways:

• Knightscope has upgraded 70% of its security robot fleet to the fifth-generation model, known as the K5v5.
• The K5v5 is faster to build, improves quality, and is easier to service compared to previous models.
• The upgrade is a significant step towards completing another one of the company's proposed steps on the road to profitability.
• The company's Machine-as-a-Service business model allows for the elevation of public safety tool delivery to clients.
• Clients with on-site K5v5 robots have seen strengthened on-site performance and reliability.

Statistics:

• 70% of Knightscope's security robot fleet is now operating on the fifth-generation model (K5v5).
• The K5v5 upgrade is expected to contribute to the company's profitability.
• The company has announced plans to continue upgrading its fleet to the K5v5 model.
• Clients with K5v5 robots have reported improved on-site performance and reliability.

Sources:

• Business Wire
• Knightscope, Inc.
• Securities and Exchange Commission (SEC) filings (specifically, Knightscope's Annual Report on Form 10-K for the year ended December 31, 2023)