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As Nation Grapples with Violent Crime, Autonomous Security Robot Developer Knightscope, Inc. (NASDAQ: KSCP) Continues to Expand its Influence
May 18, 2022

As Nation Grapples with Violent Crime, Autonomous Security Robot Developer Knightscope, Inc. (NASDAQ: KSCP) Continues to Expand its Influence

  • Violent crime in the United States grew at a record percentage rate during 2020
  • The autonomous security robots developed by Silicon Valley-based Knightscope are designed to help deter criminal activity by helping bad actors to recognize that their misbehavior may be observed and recorded to be used against them
  • Knightscope has been in operation for over 1.5 million hours and has produced three robotic models adaptable to a variety of client facility needs
  • The company has recorded a number of crime-intervention successes, and recently reported its first contract with a Las Vegas casino property to help protect the business’s guests

A historic drought in the western United States has revived interest in the “Godfather” era of the Mafia, after water levels in the power-supplying Lake Mead reservoir east of Las Vegas fell sharply to a point that a couple of long-submerged bodies were exposed — one of them in a rusted barrel. 

“There’s no telling what we’ll find in Lake Mead,” former Las Vegas Mayor Oscar Goodman told media outlets (https://ibn.fm/Bv7nx). “It’s not a bad place to dump a body.”

While the former mayor’s quip reflects a macabre amusement over the discoveries, the serious realities surrounding homicides are reflected in concerns over government data that the country’s murder rate rose at what appears to be the largest year-over-year percentage since comprehensive records began to be kept more than a century ago — and parallel reporting that the overall murder rate nonetheless remains well below what it was in the 1970s, when the recently found bodies in Las Vegas likely met their fate (https://ibn.fm/cydsk).

“Experts have pointed to a variety of potential causes, including the economic and societal changes brought on by the coronavirus pandemic and changes in police-community relations after the murder of George Floyd in Minnesota last year. But the exact reasons remain unclear,” John Gramlich wrote for the Pew Research Center’s report on the data (https://ibn.fm/Tlzov).

Autonomous Security Robot (“ASR”) developer Knightscope (NASDAQ: KSCP) has built its business on the belief that ever-present vigilance can help further the reduction of a variety of crimes, including violent incidents, by helping bad actors to realize that their misdeeds may be watched and recorded. 

The company has recorded a number of client successes thanks to the video, audio and data interaction features the robots use with a combination of artificial intelligence and human interaction, including reports of “a positive impact on crime and nuisance activity” at a public park in Los Angeles County, an improved sense of security in business parking lots elsewhere in the county, and evidence gathering used by police and prosecutors in arresting and trying crime suspects. 

That includes Las Vegas environs, where police and an apartment complex manager credited the ASR robots with deterring problems to the extent that a drop in the incidence of crime was noticeable (https://ibn.fm/rG4x0).

Knightscope reported May 12 that the company had secured its first client contract with a Las Vegas casino to help protect the establishment’s guests (https://ibn.fm/eT1lO), following in the footsteps of casinos in California and Northern Nevada that contracted to use the security robots previously.

“Deterring criminal behavior is key to every security plan,” a recent video posted by the company on YouTube states (https://ibn.fm/NLTF3). “Knightscope’s autonomous security robots provide an effective physical deterrent by discouraging unwanted behavior before it ever happens.” 

For more information about Knightscope (NASDAQ: KSCP), visit the company’s website at www.Knightscope.com and if you have a need for subscription service you may request a private demonstration of the technology at www.Knightscope.com/demo.

NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

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