An increasing number of companies are enlisting the help of robots in their stores and warehouses. BJ’s Warehouse Club recently established a partnership with Simbe Robotics to integrate Tally inventory management robots into all 237 of its locations. Tally will scan shelves and gather real-time inventory data as it roams the club’s aisles numerous times a day, allowing team members to be more productive and re-focus more of their time on customer care. A humanoid general-purpose robot was just deployed at a Mark’s clothing store in Langley, British Columbia. During the week-long pilot, which was conducted in collaboration with Canadian Tire, the robot performed 110 tasks including packing goods, stacking shelves, cleaning, labeling, and folding. Robots are also continuously being implemented to increase safety. Lowe’s hardware store just began testing a 400-pound autonomous security robots developed by Knightscope (NASDAQ:KSCP) in the parking lots of several of its shops to promote safety and deter crime. General Dynamics (NYSE:GD), L3Harris Technologies (NYSE:LHX), KratosDefense and Security Solutions Inc. (NASDAQ:KTOS), Lockheed Martin Corp. (NYSE:LMT) are other companies investing in solutions to improve safety.
Knightscope (NASDAQ:KSCP), a leading developer of autonomous security robots (ASRs) and blue light emergency communication systems, has continued to deploy its advanced security tech at locations across the US including schools, medical centers and hospitals, entertainment venues, office towers, and municipalities.
Since the beginning of 2023, Knightscope has closed over 30 new sales and renewed seven ASR subscription contracts, including several in the first two weeks of March. The company has also continued to receive new purchase orders from its resellers.
On March 21, Knightscope announced three new orders for its K1 emergency communication suite of products. A New Hampshire university purchased its first Knightscope K1 Retrofit Kit to test in advance of a larger roll out; the Borough of Carteret Police Department in New Jersey purchased two K1 Blue Light Towers for a local park; and the Port Authority of New York and New Jersey expanded their previous order to include six K1 Call Boxes for the Bayonne Bridge.
Knightscope‘s new emergency communication devices are attracting more consumers, increasing the company’s reach and market awareness. Despite the widespread use of personal mobile devices, emergency communications are still required and desired. Typical problems, such as a dead battery, a failed 911 service, or terrain that causes inconsistent cellular coverage, prompt one to consider additional solutions. These solutions also provide some redundancy in the event that a specific cellular service breaks. Solar power, cameras, and loudspeakers increase their utility and serve to deter criminal behavior, especially when combined with Knightscope’s Autonomous Security Robots (ASRs).
Last week, Knightscope’s Florida-based reseller Transportation Solutions & Lighting submitted a purchase order for an additional 10 K1 Blue Light Towers to support anticipated and future customer orders, bringing their total order to 40 emergency communication devices for the month of March.
The company also just revealed that a long-time client had extended the K5 Autonomous Security Robot (ASR) contract for a fifth consecutive year. The mixed-use parking structure in the San Francisco Bay Area is patrolled by the client’s “Optimus Crime” ASR to help protect the building, the people and their vehicles.
Knightscope is also installing three new K1 Call Boxes on the freshly refurbished Bayonne Bridge for the Port Authority of New York and New Jersey. By providing lifelines to anyone who may be crossing the Bayonne Bridge and are perhaps experiencing an emergency, crisis, or distress, Knightscope emergency call boxes provide access to emergency assistance for everyone using the bridge.
Knightscope currently has over 7,000 blue light emergency communication devices in operation across the US with noteworthy customers including LAX, the NYPD, FDNY, and the US Department of Homeland Security.
For more information about Knightscope (NASDAQ:KSCP), please visit this link.
Security Companies’ Recent News
On January 25, General Dynamics (NYSE:GD) said that its quarterly net earnings were $992 million, which was 4.2% more than the previous quarter and equal to $3.58 per diluted share, which was 5.6% more than the same time last year. Sales of $10.9 billion, which is up 5.4% from the year before. Net income for the whole year went up by 5.5% from 2021 to 2022, going from $3.2 billion to $3.4 billion, or $12.19 per diluted share. The revenue for the fiscal year was $39.4 billion, which is a 2.4% increase over 2021. The operating margin was 11.3% for the quarter and 10.7% for the whole year. In the third quarter, operational activities brought in $669 million in net cash. During the year, operational activities brought in a record amount of net cash, which was 135% of net income. After paying out $1.4 billion in dividends, $1 billion in dividends, $1.1 billion in capital expenditures, and $1.2 billion in share repurchases, the company had $1.2 billion in cash and cash equivalents at the end of 2022.
On March 14, L3Harris Technologies (NYSE:LHX) and Rochester Institute of Technology announced that they would work together to create a training program for people who will work in advanced manufacturing in the future. Before the start of the Fall 2023 semester, the L3Harris and RIT Certified programme will build development frameworks and acquisition tests for advanced manufacturing technician jobs. The programme, which is paid for by a New York State Pay for Performance Operational Grant, helps people and businesses improve their economic stability and mobility through workforce development, professional training, and consistent evaluation methods. It also lets businesses help people from poor or underrepresented backgrounds and give them the skills they need to do well in a new job.
KratosDefense and Security Solutions Inc. (NASDAQ:KTOS) launched the first of its OpenSpace® vStar systems on March 9. They are intended to upgrade satellite communications (satcom) ground systems and improve their compatibility with terrestrial and cellular networks. The vStar products, which are part of Kratos‘ OpenSpace® Platform, are virtual equivalents of the traditional hardware-based hubs that are currently utilized in satellite communications. Since vStar is software, it has many advantages over conventional hubs, such as simultaneous support for point-to-point and star topologies, multi-mission operations, dynamic configuration, and deployment that doesn’t need human involvement in cloud and hybrid environments.
Lockheed Martin (NYSE:LMT) announced that it is now licensing HorizonTM Command & Control and CompassTM Mission Planning products for commercial use. These technologies will aid future commercial satellite constellation developers in mission planning and system operation. Horizon and Compass are constructed on an integrated modular architecture that may be altered to meet the needs of any customer. They provide mission-critical functionality including as orbit management, autonomous operations, and group flying for small, medium, and large constellations. Lockheed Martin has installed Horizon and Compass software versions on over 50 government, research, and commercial spacecraft.c
Knightscope recently executed a contract for 10 new K1 Blue Light Towers with Overton Brooks Veterans Administration (VA) Medical Center, an organization of the US Department of Veterans Affairs. VA Medical Center is America’s largest integrated healthcare system with over 170 healthcare facilities across the US, almost 400,000 employees and over 9 million beneficiaries.
Featured Image Depositphotos @ Abidal
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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) Knightscope, Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Knightscope, Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) 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.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities.
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