{"id":761239,"date":"2023-06-01T09:38:10","date_gmt":"2023-06-01T13:38:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\/"},"modified":"2023-06-01T09:38:10","modified_gmt":"2023-06-01T13:38:10","slug":"knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\/","title":{"rendered":"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Los Angeles County Expands Emergency Communication Capabilities with K1 Call Boxes<\/i><\/b><\/p>\n<p>MOUNTAIN VIEW, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.knightscope.com%2F&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=Knightscope%2C+Inc.&amp;index=1&amp;md5=a7e0075045fbf6c3bf838c1d1881a973\">Knightscope, Inc.<\/a> [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it fulfilled a $1.2 million contract for its K1 Call Boxes following a unanimous 12 to 0 vote by the LA Metro Board. The Call Boxes will expand the Kenneth Hahn Call Box System by 210 units. Today\u2019s announcement follows just weeks after the May 15, 2023, news of a separate <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.knightscope.com%2Fnews-releases%2Fnews-release-details%2Fknightscope-lands-125-million-contract&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=%241.25+million+contract+from+Rutgers+University&amp;index=2&amp;md5=64a936cfca6360bc569b5e280589f978\">$1.25 million contract from Rutgers University<\/a>.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230601005457\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230601005457\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230601005457\/en\/1808107\/4\/210-KSCP.jpg\" alt=\"Knightscope Fulfills 210 Device, Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Knightscope Fulfills 210 Device, Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nA report issued by Los Angeles County Service Authority for Freeway Emergencies (LA SAFE) stated that the Call Boxes are a complimentary service to motorists in Los Angeles County available 24\/7\/365. Approximately 5,500 calls are generated annually from call boxes within Los Angeles County. Of this total, about 4,000 calls result in some action or aid being rendered to users including, but not limited to, Metro Freeway Service Patrol, Auto Club, California Highway Patrol (CHP) rotation tow, CHP dispatch, etc.<\/p>\n<p>\nAccording to the Los Angeles Daily News, LA Metro board member and Los Angeles County Fourth District Supervisor Janice Hahn stated, \u201cI think it is absolutely worth it. One of our responsibilities is to make sure our freeways are safe for people. This way, the motorists have a lifeline.\u201d Hahn\u2019s father, Kenneth Hahn, served on the Board of Supervisors from 1952-1992 and started the program that bears his name after witnessing a stranded mother and her children on the 110 Freeway.<\/p>\n<p>\nThe Call Boxes immediately connect users to the CHP and provide the exact location of the device being used so that services may be quickly dispatched. By contrast, law enforcement professionals are unable to pinpoint people using their personal cellular devices to contact 911 because GPS data is not transmitted through the system.<\/p>\n<p>\nTo learn more about Knightscope\u2019s Autonomous Security Robots and Blue Light Emergency Communication Systems, book a discovery call or demonstration now at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.knightscope.com%2Fdiscover&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=www.knightscope.com%2Fdiscover&amp;index=3&amp;md5=2f047c81da04e4eedce729dd335289b8\">www.knightscope.com\/discover<\/a>.<\/p>\n<p><b>About Knightscope<\/b><\/p>\n<p>\nKnightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope\u2019s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.knightscope.com&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=www.knightscope.com&amp;index=4&amp;md5=f0b61c54f6569732829506e3018549c5\">www.knightscope.com<\/a>. Follow Knightscope on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fknightscope%2F&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=Facebook&amp;index=5&amp;md5=aee0c0fff994361ad3d6a5d9ad29ceb3\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FiKnightscope&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=Twitter&amp;index=6&amp;md5=7551c805363bd066be5f6eed69fe52f2\">Twitter<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fknightscope-inc-%2F&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=7&amp;md5=c518084980be3fc7488be830b7ff30f7\">LinkedIn<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fiknightscope%2F&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=Instagram&amp;index=8&amp;md5=81693504fae9ffa9fd86184a53b7d07e\">Instagram<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release may contain \u201cforward-looking statements\u201d about Knightscope\u2019s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as \u201cshould,\u201d \u201cmay,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cforecasts,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201cproposes\u201d and similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company\u2019s path to profitability, the Company\u2019s targeted annualized revenue run rate, the Company\u2019s plans for top-line growth, the Company\u2019s ability to deliver on its backlog of new orders, the benefits of the Company\u2019s planned streamlining of its operations and rightsizing of its combined workforce and the Company\u2019s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company\u2019s restructuring efforts may adversely affect the Company\u2019s internal programs and the Company\u2019s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company\u2019s restructuring efforts may negatively impact the Company\u2019s business operations and reputation with or ability to serve customers; the risk that the Company\u2019s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading \u201cRisk Factors\u201d in Knightscope\u2019s Annual Report on Form 10-K for the year ended December 31, 2022. 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230601005457r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230601005457\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230601005457\/en\/<\/a><\/span><\/p>\n<p><b><i>Public Relations:<br \/>\n<\/i><\/b><br \/><b><i>Stacy Stephens<br \/>\n<\/i><\/b><br \/><b><i>Knightscope, Inc.<br \/>\n<\/i><\/b><br \/><b><i>(650) 924-1025<\/i><\/b><\/p>\n<p><b><i>Corporate Communications:<br \/>\n<br \/>IBN (InvestorBrandNetwork)<br \/>\n<br \/>Los Angeles, California<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3DcaEKnoVsa8dLQY_-oxwqcQ_4MzxNf_Gpu59Oa9B1vhcb_8eF711fl2t03d3zElZjn2MjrMRlhprt6PvhQhVdJShdz1l8Q3kgft3zbgzhryQ-dGLrT8_ZcOfkBJEeGaIgohuhJ6M0webW7KEB0_k0a6vak-p7GOZ28Y23zobnmqaP78RLxHQ_RdG0SpQBF1lVtGjL5jFWsuSUilGOnDx1YifCDmXSzaW3ZlJBcPxA0onbtq7rw2uNlicflcViGKQYUm2KC50Z4Sc_95iXcZlOIA0-6xdFQK2HWnIPsdtHxew%3D&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=www.InvestorBrandNetwork.com&amp;index=9&amp;md5=4dfce5f77852683e162a6dc77cb266ce\">www.InvestorBrandNetwork.com<br \/>\n<\/a><br \/>310.299.1717 Office<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3DwkTx5PNPKdQkTyU9PLA0CYRacFI33TYbIuU4v44SsW-GFURKNoqbcPi-ScMQGA8s5UZAFqql5RX_8m6ExSWJKzjOB2FrDihl7EhwlF9yXnn6mDPQsozxWMdfPlm_0EgcJTyAjSXsjx7IICFPopxupvF-JiZpmm0HhllfluSncgSOHATFDG9FsEbbIWQIG8NaawuynXNaYKjAeLJcLqqGs6t4Noaz21kfW2S6YaM1_2eVuqwGJLKdahCry8mmBJDg1jFEzLC_tba_1LeC25pLtfKL-pLT6EX0jpL1b0mPjfuACNBXypcfTeikiWspRbUQ&amp;esheet=53411004&amp;newsitemid=20230601005457&amp;lan=en-US&amp;anchor=Editor%40InvestorBrandNetwork.com&amp;index=10&amp;md5=119bee9bbe0b096de8e06f4c90022215\">Editor@InvestorBrandNetwork.com<\/a><\/i><\/b><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Robotics Hardware Security<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230601005457\/en\/758834\/3\/KI-Logo-Horizontal-Blue-Dark.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230601005457\/en\/1808107\/3\/210-KSCP.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Knightscope Fulfills 210 Device, Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract Los Angeles County Expands Emergency Communication Capabilities with K1 Call Boxes MOUNTAIN VIEW, Calif.&#8211;(BUSINESS WIRE)&#8211;Knightscope, Inc. [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it fulfilled a $1.2 million contract for its K1 Call Boxes following a unanimous 12 to 0 vote by the LA Metro Board. The Call Boxes will expand the Kenneth Hahn Call Box System by 210 units. Today\u2019s announcement follows just weeks after the May 15, 2023, news of a separate $1.25 million contract from Rutgers University. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230601005457\/en\/ &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-761239","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract Los Angeles County Expands Emergency Communication Capabilities with K1 Call Boxes MOUNTAIN VIEW, Calif.&#8211;(BUSINESS WIRE)&#8211;Knightscope, Inc. [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it fulfilled a $1.2 million contract for its K1 Call Boxes following a unanimous 12 to 0 vote by the LA Metro Board. The Call Boxes will expand the Kenneth Hahn Call Box System by 210 units. Today\u2019s announcement follows just weeks after the May 15, 2023, news of a separate $1.25 million contract from Rutgers University. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230601005457\/en\/ &hellip; Continue reading &quot;Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T13:38:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230601005457\/en\/1808107\/4\/210-KSCP.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract\",\"datePublished\":\"2023-06-01T13:38:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\\\/\"},\"wordCount\":853,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230601005457\\\/en\\\/1808107\\\/4\\\/210-KSCP.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\\\/\",\"name\":\"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-fulfills-million-dollar-contract-within-30-days-of-landing-2nd-million-dollar-contract\/","og_locale":"en_US","og_type":"article","og_title":"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract - Market Newsdesk","og_description":"Knightscope Fulfills Million Dollar Contract Within 30 Days of Landing 2nd Million Dollar Contract Los Angeles County Expands Emergency Communication Capabilities with K1 Call Boxes MOUNTAIN VIEW, Calif.&#8211;(BUSINESS WIRE)&#8211;Knightscope, Inc. [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it fulfilled a $1.2 million contract for its K1 Call Boxes following a unanimous 12 to 0 vote by the LA Metro Board. The Call Boxes will expand the Kenneth Hahn Call Box System by 210 units. Today\u2019s announcement follows just weeks after the May 15, 2023, news of a separate $1.25 million contract from Rutgers University. This press release features multimedia. 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