U.S. Federal Government Approval for AI Security Robots
Marks a New Era in Public Safety Discover How Knightscope (NASDAQ: KSCP) Is Bringing An
R2D2-inspired Bot to Life as Artificial Intelligence and
Robots Challenge Industries Worldwide Hi âFDRâ Member, This is Michael Reece with âFinancialDrivenResearchâ delivering you your new breakout alert for Monday trading session Knightscope, Inc. (NASDAQ: KSCP). FDR Initiates Full Coverage of Knightscope, Inc. (NASDAQ: KSCP). The Company has several bullish catalysts in the pipeline and is on the verge of disrupting a $500 Bln security industry. Knightscope is a leader in the development of autonomous security capabilities and on target to disrupt the $500 Bln security industry. What was once confined to the realm of sci-fi has now become our day-to-day reality. No longer confined to the cinema screen, robots are now serving as our protectors resembling but resembling more the friendliness of R2D2 from Star Wars than Terminator. Autonomous Security Robots (ASRs) are rapidly becoming a crucial component of our future, given the burgeoning global population that has exceeded 8 Bln people and the emerging need for law enforcement and security guards. The global security robots market has already grown exponentially, reaching $27.32 Bln in 2021 and itâs expected to grow at an impressive CAGR of 17.65% to reach $116.44 Bln by 2030. Leading us into this future secured by robots is Knightscope, Inc. (NASDAQ: KSCP), a cutting-edge security technology company located in the heart of Silicon Valley. The company manufactures ASRs (Made in America) equipped with state-of-the-art technology capable of deterring, detecting, and reporting crimeâan innovation that is poised to bring about the greatest disruption to public safety in history. In the USA alone, where the population exceeds 331 Mln, there are merely 660,288 full-time law enforcement officers and just over a Mln security guardsâroughly one protector for every 200 people. But this urgent need isnât going unnoticed. The Knightscope K5 Is Margaritavilleâs Newest Team Member Since its establishment in 2013, Knightscope, Inc. (NASDAQ: KSCP) has raised over $120 Mln and attracted more than 35,000 investors by the time it was listed on NASDAQ in January 2022. The company has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to create its unique tech, which has been rolled out for over 2.3 Mln hours of field operation to date. To better equip both domestic law enforcement and private businesses, Knightscope has come up with timely solutions for the road ahead. Learn More About Knightscopeâs $40 Bln Recurring Revenue Opporâtunity! [Click Here to Download the Corporate Presentation!]( Knightscope could be a surprise hit among must-own AI stocks. Why? As high-profile incidents spark heated tension between law enforcement and the general public, it âmay be easier for robots to address certain situations in a perfectly unbiased manner.â Knightscope was just awarded Authority to Operate by the U.S. Government. This authorization from the Federal Risk and Authorization Management Program (FedRAMP) is a massive win that makes this companyâs cutting-edge technology available to federal agencies. But that isnât the only exciting news this company has shared in recent months. Knightscope (NASDAQ: KSCP) has inked dozens of major deals across the country â which is likely why its first nine months of 2023 revenue nearly tripled year-over-year. Itâs caught the attention of investment banking and equity research firm Ascendiant Capital Markets. In their recent research report, Ascendiant Capital analyst Edward Woo highlighted the companyâs Q3 wins as a sign of whatâs to come in 2024. Some notable deals include a $1.2 Mln inventory replenishment order for its K1 Call Boxes, and a $1.25 Mln contract with Rutgers, The State University of New Jersey, for a whopping 145 devices. Another major win for Knightscope recently was the launch of a pilot contract with the New York Police Department (NYPD) for a K5 robot to patrol a Manhattan subway station with the support of the Metropolitan Transportation Authority (MTA). "The NYPD must be on the forefront of technology and be 2 steps ahead of those utilizing technology to hurt New Yorkers.â â NYC Mayor Eric Adams Some of the other big-name clients utilizing Knightscopeâs (NASDAQ:KSCP) technology include the Port Authority New York New Jersey, Penn Entertainment, University of Tennessee, New York City Fire Department (FDNY), San Bernardino County Transportation Commission (SBCTC), San Luis Obispo Council of Governments (SLOCOG), Orange County Transportation Authority (OCTA) and Ventura County Transportation Commission (VCTC). The companyâs products have also been deployed at endless hospitals, casinos, campuses, sports arenas, military bases, malls, airports â the list goes on. If thatâs not enough, Knightscope, Inc. (NASDAQ:KSCP) just began sales of its Automated Gunshot Detection (AGD) technology to cut the response time to dangerous situations down to two seconds! Letâs take a look at some of the reasons this company is a force to be reckoned with in the public safety arena. 7 Reasons To Pay Close Attention to Knightscope (NASDAQ: KSCP) - Innovation Leader: Knightscope, Inc. (NASDAQ: KSCP) is a first mover security technology firm manufacturing Autonomous Security Robots (ASRs) equipped with advanced technology that can deter, detect, and report crimes. - Advanced Technology Integration: Knightscope, Inc. (NASDAQ: KSCP) uses four key technologies â autonomy, robotics, artificial intelligence, and EV technology to develop its unique and efficient security solutions. Recently launched real-time, Automated Gunshot Detection (AGD) and the Knightscope Emergency Management System (KEMS). - Cost-Effective Solution: Knightscopeâs Machine-as-a-Service (MaaS) business model provides a cost-effective alternative to traditional security. Their services cost between $0.75 to $9.00 per hour. In comparison, an unarmed guard makes $15 to $35 per hour and an off-duty armed law enforcement officer can be well over $85 per hour. - Ongoing Revenue Growth: In the first nine months of 2023, Knightscope, Inc. (NASDAQ: KSCP) announced a 198% increase in revenue year-over-year, generating $9.8 Mln in revenue in the first nine months of 2023. - Successful Client Acquisition and Recurring Revenue Stream: Knightscope, Inc. (NASDAQ: KSCP) signed or renewed contracts with dozens of new and existing clients since the beginning of 2023 making well over 75 major announcements this year alone. - Strong Growth Prospects: Knightscopeâs autonomous security robots market is expected to grow significantly, reaching $116.44 Bln by 2030. The company also has a clear roadmap to proâfitaâbility, targeting Q4 2024, and is currently running at an approximate $11 Mln revenue run rate, which is about double of last year. - Relentless, Experienced Leadership Team: Most of the management team consists of the original founders holding over 10 Mln shares of the companyâs outstanding shares. Knightscopeâs Co-founder & CEO, Chairman William Santana Li personally holds 7 Mln shares. He was the youngest senior executive at Ford Motor Company out of 430,000 employees at the time and later became COO at Ford subsidiary GreenLeaf LLC, the worldâs second-largest automotive recycler. AI-Powered Autonomous Security Robots for Persistent
Surveillance and Threat Detection Knightscope (NASDAQ: KSCP) sets itself apart by employing cutting-edge technology in a unique approach towards combating violent crime in the US and beyond. Leveraging advanced data analysis and AI, Knightscope has been at the forefront of public safety innovation, delivering efficient and targeted solutions to counter crime effectively. Its forward-thinking approach and application of modern technology are making a significant difference in the safety and security industry. Knightscope is the only company thatâs publicly traded and makes fully autonomous security robots (ASRs) for both indoors and outdoors at scale, but letâs compare them to other data-driven solution developers in the security space who are combating violent crimes in the US and beyond. What was once confined to the realm of sci-fi has now become our day-to-day reality. No longer confined to the cinema screen, robots are now serving as our protectors resembling but resembling more the friendliness of R2D2 from Star Wars than Terminator.  Autonomous Security Robots (ASRs) are rapidly becoming a crucial component of our future, given the burgeoning global population that has exceeded 8 Bln people and the emerging need for law enforcement and security guards. The global security robots market has already grown exponentially, reaching $27.32 Bln in 2021 and itâs expected to grow at an impressive CAGR of 17.65% to reach $116.44 Bln by 2030.2 Leading us into this future secured by robots is Knightscope, Inc. (NASDAQ: KSCP), a cutting-edge security technology company located in the heart of Silicon Valley.  The company manufactures ASRs (Made in America) equipped with state-of-the-art technology capable of deterring, detecting, and reporting crimeâan innovation that is poised to bring about the greatest disruption to public safety in history. In the USA alone, where the population exceeds 331 Mln, there are merely 660,288 full-time law enforcement officers and just over a Mln security guardsâroughly one protector for every 200 people. But this urgent need isnât going unnoticed.  The Knightscope K5 Is Margaritavilleâs Newest Team Member  Since its establishment in 2013, Knightscope, Inc. (NASDAQ: KSCP) has raised over $120 Mln and attracted more than 35,000 investors by the time it was listed on NASDAQ in January 2022. The company has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to create its unique tech, which has been rolled out for over 2.3 Mln hours of field operation to date. To better equip both domestic law enforcement and private businesses, Knightscope, Inc. (NASDAQ: KSCP) has come up with timely solutions for the road ahead.  Learn More About Knightscopeâs $40 Bln Recurring Revenue Opporâtunity! [Click Here to Download the Corporate Presentation!]( Knightscopeâs Unique Service Model and New Tech Knightscope, Inc.âs (NASDAQ:KSCP) business model is called Machine-as-a-Service (MaaS), and itâs already generating significant revenue. Think about it this way: a police officerâs salary can be between $57,000 and $67,000 and with all the extra costs, it can go up to $149,000. Knightscopeâs service costs between $0.75 to $9.00 per hour. This includes everything from setting up the robot to storing the data it collects. For example, a single K5 Autonomous Security Robot (ASR) can make $309,700 over five years. The cost of running the robot is $133,000, so the proâfit is $176,700âa 57% proâfit margin! Knightscopeâs ASRs are not only cheaper to run, but theyâre also reliable. They work all the time, they donât need breaks, and they can do dangerous tasks. Plus, theyâve already helped solve crimes, like catching a hit-and-run suspect and identifying a gunman. New Gunshot Detection Tech and Emergency
Management System Platform Knightscope (NASDAQ: KSCP) recently created a lot of buzz in the industry with the addition of real-time, Automated Gunshot Detection (AGD). This system can help police and security respond faster to threats. Itâs a response to requests from schools, corporations, airports, hotels, and cities. The benefits of gunshot detection include: - Helping to stop active-shooter events and save lives - Reducing false alarms - Working with other security solutions to protect people Knightscopeâs (NASDAQ:KSCP) gunshot detection system will be added to new K1 Blue Light Towers and can be upgraded to over 7,000 devices already in use. The system can work on its own or with Knightscopeâs K5 Outdoor and K3 Indoor ASRs. It can also use solar power or light pole kits for more flexible installation. The system can locate shots indoors and outdoors and sends notifications in less than two seconds. Knightscope believes that a focused, real-time system is more effective than a city-wide approach. Sales of the gunshot detection system are expected to start in Q4 2023. The market for gunshot detection systems is expected to reach $646 Bln by 2031 in North America.42 Knightscope (NASDAQ: KSCP) also announced the launch of its innovative Knightscope Emergency Management System (KEMS). Because the company operates a wide-reaching network of more than 7,000 devices across the US, including K1 Blue Light Towers, E-Phones, and Call Boxes, the introduction of the KEMS platform will boost these devicesâ capabilities by allowing real-time monitoring, instant error detection, and system performance reporting. Itâs an exciting leap forward, made even more significant by Knightscopeâs (NASDAQ: KSCP) integration of artificial intelligence throughout its product range. The companyâs continued rollout of the KEMS platform throughout 2023 promises a dynamic shift in public safety infrastructure, making the nationâs security more efficient and smarter than ever. But thatâs just the beginning of what this company has in mind. Knightscope has a long-term technology strategy that will include several new exciting capabilities including - AUTONOMY â Autonomously navigate both outdoors and indoors in dynamic or static environments providing a physical deterrence 24/7/365 at low and high speeds - SEE â Computer Vision and Video Analytics (people, faces, vehicles, plates, gait, weapons) - FEEL â Thermal Imaging and Emotion Detection (fire, crowds, forensics) - HEAR â Acoustic Event Detection and Machine Listening (gunshot, vehicle crash, yelling, glass breaking) - SMELL â WMD Threat Detection (Devices, Pathogens, Chemical, Biological, Radiological and Nuclear) - SPEAK â Automated Pre-Recorded Broadcasts, Live Public Address, Text-to-Speech, Concierge Solid Growth Plans Secure Its Place in a Growing Market Knightscope (NASDAQ: KSCP) has a clear vision for both its short-term and long-term growth, which is already helping it secure a strong position in the market. At the beginning of 2023, Knightscope shared its roadmap to profitability, which it aims to reach within the next 24 months. The company is targeting an annualized revenue run rate of $12 Mln to $14 Mln. The company just announced its Q3 2023 revenue, generating $9.8 Mln in the first nine months and nearly tripling revenue year-over-year. Knightscopeâs top-line revenue growth is accelerating, thanks to new sales contracts, expansion with existing clients, contract renewals, and increased engagement through its reseller program. The company is also making significant progress in fulfilling its backlog of new orders worth Mln of Dlrs., as many supply chain issues have eased. I am urging all of my FDR members to add Knightscope (NASDAQ: KSCP) to the top of your watch list right now, and be ready Monday morning at the opening bell! To Your Trading Success, Michael Reece Editor, Financial Driven Research © 2023 Financial Driven Research, All Rights Reserved. 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