Knightscope (NASDAQ: KSCP), a developer of advanced physical security technologies committed to enhancing U.S. security operations, continues to expand its footprint as new clients sign up for the K5 Autonomous Security Robots (“ASRs”) and existing clients add to their contracts. The most recently announced growth comes as the Pacific Gas and Electric Company (“PG&E”), the leading subsidiary of the holding company PG&E Corporation (NYSE: PCG), has ordered an additional five ASRs. PG&E has now contracted with Knightscope for 10 robots, which provide the levels of safety and overwatch necessary to secure the client’s properties.
According to the announcement, PG&E first signed with KSCP in 2021 for a pilot program, and during that time, Knightscope was able to reduce costs, prove value and build the client’s confidence that the service would meet its needs. Knightscope noted that new technologies, such as the ones featured in Knightscope offerings, are key to strengthening and supporting guard services at a time remote work situations have presented unique challenges.
“Knightscope’s Autonomous Security Robots work 24/7/365 with greater detecting and data recall capabilities at a fraction of the cost of traditional physical security protection,” said Knightscope chair and CEO William Santana Li in the press release. “We are honored that PG&E has entrusted us to help protect their properties, assets and employees, and we look forward to further assessing opportunities across hundreds of their locations.”
To view the full press release, visit https://ibn.fm/VYdIq
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.
NOTE TO INVESTORS: The latest news and updates relating to Knight are available in the company’s newsroom at https://ibn.fm/Knight
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