Knightscope Inc., a leader in the development of autonomous security capabilities, announced that its chairman and CEO, William Santana Li, was a guest on InvestorBrandNetwork’s (“IBN”) the Bell2Bell Podcast. The Bell2Bell Podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries. During his interview, Li shared a summary of the company’s activity and achievements for the last half of 2020. Knightscope builds autonomous security robots (“ASRs”) designed to provide 24/7/365 security for its clients. Li noted that, despite the global pandemic, the company continued to grow, signing several new contracts for its proprietary security robots; the company’s clients include airports, major grocery store chains, casinos, water-treatment plants and malls, among others. Li explained that Knightscope’s ASRs are immune to COVID-19 and, therefore, capable of always being on the job. “A lot of the focus is on the shiny object — the robots — but we don’t actually sell them,” said Knightscope chairman and CEO William Santana Li. “We don’t sell the hardware, the software or anything else. It’s a subscription at effectively $4 to $11 an hour depending on which machine and what capabilities, so we enjoy luxury automobile per-unit economics, meaning the contracts running 24/7 are $70,000 to $100,000 per annum per machine. Over a five-year period, we look to gross a profit of about $250,000 per machine. Then the margins look more like a software-as-a-service company.”
To hear the full podcast, visit https://ibn.fm/kvPzR
To view the full press release, visit https://ibn.fm/aIUih
About Knightscope Inc.
Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
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