Knightscope’s (NASDAQ: KSCP) CEO and Chairman William Santana Li recently appeared on The Shrimp Tank, a podcast series featuring proven entrepreneurs and business leaders discussing how to start, grow and run a successful business. Li joined the program’s hosts, Lee Heisman and Ted Jenkin, to discuss Knightscope’s Machine-as-a -Service (“MaaS”) business model and how the company is using it to improve security while streamlining costs.
“Technology can have a massively positive impact on society. Crime has a $2 trillion negative economic impact on the U.S. every single year. What we’ve been doing at Knightscope for almost 10 years is building profound new technology to address a recurring societal problem with a recurring revenue business model, and we built these crazy autonomous security robots that are now patrolling across the country,” Li said.
“We have a Machine-as-a-Service business model. We don’t sell hardware or software; everything is basically included – data storage, telecom, decals, shipping, maintenance, support, everything. It can be as high as $9/hour for our technology, indoors or outdoors, or as low as $0.75/hour… If you compare our offerings to unarmed security guards at $15-$30/hour or an armed, off-duty law enforcement officer at around $85/hour, our model presents a massive change and a massive opportunity.”
To view the full press release, visit https://ibn.fm/mkog5
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. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. For more information, visit the company’s website at www.knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://ibn.fm/KSCP
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