AI Security Robots Set New Standards in Protecting Communities

On behalf of Knightscope, Inc.

AI industry growth is accelerating with practical applications in robotics
Analysts predict the global AI market will grow at a 41.8% CAGR through 2031
The global security robots market is projected to reach $120 billion by 2030
Autonomous Security Robots (ASRs) are becoming essential for modern security

The AI industry is on an unstoppable trajectory.

McKinsey analysts expect that generative AI alone could generate between $2.6 trillion and $4.4 trillion in value across various industries.¹

Other analysts predict the Global AI Market will grow at a mind-boggling 41.8% CAGR through 2031.²

GPU giant NVIDIA recently surpassed a $3 trillion market cap—a testament to the surging value of AI technologies.

ChatGPT creator OpenAI is valued at over $80 billion, nearly tripling in less than 10 months.³

But it’s not just chatbots and chipmakers gaining a stake in the growing AI industry.

AI-powered robots are also taking the world by storm.

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Big Tech is Investing Billions into AI-Powered Robots

Autonomous robots are no longer reserved for futuristic films.

Billions of dollars are being spent to develop new groundbreaking robots across limitless industries ranging from healthcare to IT.

Robot startup Figure AI, which is valued at $2.6 billion, has raised $675 million from investors like Jeff Bezos, Microsoft and NVIDIA.⁴

Tesla’s humanoid robot Optimus is still in the lab, but might be ready to sell as soon as the end of next year according to Tesla CEO Elon Musk.⁵

Humanoid robots have also been in development for several years by Japan’s Honda and Hyundai Motor’s Boston Dynamics.

Robots are also proving to be indispensable as public servants.

Security robots utilize artificial intelligence (AI), streaming video, and other connected technologies to perform security tasks traditionally handled by humans. Key applications of these robots include surveillance, explosive detection, dynamic mission planning, firefighting, de-mining, rescue operations, transportation, and patrolling.

Industry experts predict that security robots will remain a crucial component of the security sector throughout this decade.

It’s no surprise that the global security robots market is projected to grow at a remarkable compound annual growth rate (CAGR) of 17.65% to reach nearly $120 billion by 2030.⁶

Enhancing Public Safety with Cutting-Edge Solutions

Right now, there are over 331 million Americans but only 660,288 full-time law enforcement officers⁷ and just over a million security guards⁸—roughly one protector for every 200 people.

In 2022, there were over a million violent crimes reported across the US.⁹

But since only about 41.5% of violent crimes are reported, that number is likely much higher than FBI stats show.¹⁰

In an increasingly complex world, the demand for advanced security solutions has never been higher.

Some of the current products and services available to help combat crime in the US and beyond include:

Axon Enterprise

- Axon equips law enforcement with Tasers, body cameras, and VR training systems, enhancing the tools officers use daily. Their products focus on improving officer safety and effectiveness, providing reactive measures to real-time situations.

Wrap Technologies

- Wrap Technologies provides non-lethal restraint devices like the BolaWrap, designed for specific suspect restraint scenarios. Their innovative tools help law enforcement manage situations without resorting to lethal force.

OSI Systems

- OSI Systems specializes in large-scale security screening for infrastructure protection, focusing on stationary solutions for areas like airports and government buildings. Their advanced screening technology helps detect threats before they can cause harm.

SoundThinking (formerly ShotSpotter)

- SoundThinking is known for its gunshot detection systems, high-tech security cameras, and data analysis tools, which help law enforcement respond quickly to gunfire incidents. Their technology is crucial in urban areas for identifying and locating gunshots.

Knightscope, Inc.

- Knightscope is revolutionizing public safety with its Autonomous Security Robots (ASRs), designed for continuous, proactive surveillance and real-time incident response. These robots are equipped with state-of-the-art technology, including HD 360-degree recording, thermal cameras, and public address speakers.

Knightscope, Inc.’s (NASDAQ:KSCP) innovative Automated Gunshot Detection (AGD) system can identify and report gunshots within two seconds, significantly improving response times. By offering a mobile and adaptable security solution, Knightscope stands out in the security technology industry, providing comprehensive coverage and enhancing safety across various environments.

AI-Powered Security Robots Bridging the Gap in Law Enforcement

Knightscope, Inc. (NASDAQ:KSCP) is setting new standards for public safety, making it a formidable force in the security technology industry in a market with exciting growth potential.

The company has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses.

Knightscope Inc.’s (NASDAQ:KSCP) Autonomous Security Robots (ASRs) are designed to deter, detect, and report crime using state-of-the-art technology.

They feature HD 360-degree recording, thermal cameras, and public address speakers, offering constant monitoring and rapid response capabilities.

Press Releases

Since April 2024, Knightscope has secured over 30 new contracts, valued at over $1 million. This includes a $1.25 million contract with Rutgers University and a $1.2 million order for K1 Call Boxes. The company has also completed a pilot with the NYPD for a K5 robot to patrol a Manhattan subway station.¹¹

Other notable clients include Port Authorities of New York and New Jersey, Penn Entertainment, and the University of Tennessee.

On top of all that, Knightscope, Inc. (NASDAQ:KSCP) launched Automated Gunshot Detection (AGD) technology, slashing response times to dangerous situations down to just two seconds.

Delivering Real-World Impact

Knightscope, Inc.‘s (NASDAQ:KSCP) ASRs deliver tangible results. In various deployments, these robots have reduced crime rates by up to 46%.¹²

For instance, a Silicon Valley corporate campus saw a 50% reduction in vehicle break-ins with the K5 ASR. In Southern California, a mall experienced a 20% drop in vandalism and theft incidents within six months of deploying K5 robots. Parking lots patrolled by Knightscope robots saw a 22% decrease in incidents over three months.

A hospital reduced trespassing and unauthorized entries by 30% in the first year of deployment. In one case, a Knightscope robot identified a vehicle linked to criminal activity, leading to the arrest of a suspect involved in multiple burglaries.

Investing in the Future of Public Safety

Knightscope, Inc. (NASDAQ:KSCP) is continuously innovating to enhance public safety. Recent developments include the Automated Gunshot Detection (AGD) system,¹³ which identifies and reports gunshots within two seconds, responding to requests from schools, corporations, airports, hotels, and cities. Sales of this system began in Q4 2023, and the market for gunshot detection systems is projected to reach $646 million by 2031 in North America.¹⁴

In July 2024, Knightscope announced its new “Knightscope K1 Laser” product line, offering standalone LiDAR-based detection systems with integrated perception software to enhance perimeter security. These systems provide high accuracy in detecting, classifying, and tracking people, vehicles, and objects. They can be installed on fixed infrastructure or integrated with existing K1 stationary technologies, making them ideal for securing parking lots, building interiors, university campuses, and transit stations. The K1 Laser products significantly reduce false alarms and missed events by up to 95%.

Knightscope is also expanding its network of robots, improving data collection, response times, and overall safety. The Knightscope Emergency Management System (KEMS) enhances over 7,000 devices with real-time monitoring and performance reporting, making public safety infrastructure smarter and more efficient.¹⁵

Future plans include partnering with Draganfly (NASDAQ:DPRO) to integrate drone technology with ASRs, providing comprehensive ground and aerial surveillance.¹⁶ Knightscope has also established RTX Premium, a team of analysts providing remote, event-based monitoring, enhancing coordination, quality control, flexibility, and incident management.

As Knightscope, Inc. (NASDAQ:KSCP) rolls out new technologies and expands its reach, the company’s market presence and revenue are expected to grow substantially.

Supported by a team of seasoned professionals, Knightscope is pioneering AI-driven security technology to meet this critical demand.

This undervalued NASDAQ-listed security tech company could become a major player in the ever-rising AI industry.

Click here to dive deeper and for a full detailed report on Knightscope, Inc. (NASDAQ:KSCP).

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footnotes:
[1] https://www.mckinsey.com/industries/public-sector/our-insights/using-ai-in-economic-development-challenges-and-opportunities [2] https://www.taiwannews.com.tw/news/5882437 [3] https://www.nytimes.com/2024/02/16/technology/openai-artificial-intelligence-deal-valuation.html [4] https://www.cnbc.com/2024/02/29/robot-startup-figure-valued-at-2point6-billion-by-bezos-amazon-nvidia.html [5] https://www.fastcompany.com/91112416/tesla-optimus-humanoid-robots-to-start-selling-next-year [6] https://www.scmagazine.com/news/security-robots-market-set-to-more-than-quadruple-by-2030 [7] https://www.statista.com/statistics/191694/number-of-law-enforcement-officers-in-the-us/ [8] https://www.bls.gov/oes/current/oes339032.htm [9]https://www.statista.com/statistics/191219/reported-violent-crime-rate-in-the-usa-since-1990/ [10] https://www.pewresearch.org/short-reads/2024/04/24/what-the-data-says-about-crime-in-the-us/ [11] https://pressreach.com/featured-news/nypd-launches-knightscope-security-robot-service-in-manhattan-subway [12] https://www.nationalgeographic.com/science/article/paid-content-can-robots-keep-us-safe [13] http://www.knightscope.com/agd [14] https://ir.knightscope.com/news-releases/news-release-details/knightscope-announces-automated-gunshot-detection [15] https://ir.knightscope.com/news-releases/news-release-details/knightscope-releases-all-new-kems-software-platform [16] https://ir.knightscope.com/news-releases/news-release-details/knightscope-kscp-signs-mou-draganfly-dpro

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Knightscope, Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

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AI Security Robots Set New Standards in Protecting Communities

Breaking News

Big Tech is Investing Billions into AI-Powered Robots

Enhancing Public Safety with Cutting-Edge Solutions

AI-Powered Security Robots Bridging the Gap in Law Enforcement

Press Releases

Delivering Real-World Impact

Investing in the Future of Public Safety

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Knightscope, Inc.

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Breaking News

Big Tech is Investing Billions into AI-Powered Robots

Enhancing Public Safety with Cutting-Edge Solutions

AI-Powered Security Robots Bridging the Gap in Law Enforcement

SUBSCRIBE FOR TRADING INSIGHTS AND ALERTS. STAY AHEAD.

Press Releases

Delivering Real-World Impact

Investing in the Future of Public Safety

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