NetworkNewsWire
Editorial Coverage: With safety, security and personal
protection more tenuous than ever, groundbreaking technology sets
sector pioneers as clear industry leaders.
A global pandemic stoked by national protests and riots has
created a world where fear and uncertainty run rampant. Enforcing
national, state and local directives as well as providing security
and protection for essential services such as hospitals and
community municipalities has become increasingly important — and
increasingly dangerous. Companies operating in the security
industry recognize the growing demand for change and are eager to
provide solutions. A global pioneer in the development of
autonomous security capabilities, Knightscope, Inc.
(Profile) looks to disrupt the $500 billion
security industry with its patented technology that combines
self-driving technology, robotics and artificial intelligence.
Knightscope’s Autonomous Security Robots ("ASR") provide 24/7/365
security and have been proven to enhance safety at hospitals,
logistics facilities, manufacturing plants, schools, and
corporations.
Wrap
Technologies Inc. (NASDAQ: WRTC) is seeing an
increased demand from U.S. law enforcement agencies for its
exclusive BolaWrap(R), which enables police officers to safely and
humanely restrain resisting subjects from a distance without
inflicting pain. Axon
Enterprise Inc. (NASDAQ: AAXN) has launched a
mobile app for body cameras that features remote livestreaming and
critical real-time alerts. ShotSpotter Inc. (NASDAQ: SSTI)
reports that since the city of Miami adopted its unique ShotSpotter
program in 2014, the city’s homicide rate has plummeted by 35% and
gunshot incidents as an activity have been reduced by about 50%.
And Tesla
Inc. (NASDAQ: TSLA), a strong player in the
autonomous, self-driving vehicle sector, says a significant update
of its Autopilot driver-assist software will be released in the
next two to four months.
- Knightscope, Inc. chosen by IBN to spotlight in inaugural
Stock2Me podcast.
- Knightscope ASRs are designed to deliver on two priorities:
providing a physical deterrent and gathering data to provide
unprecedented situational awareness
- Company inprocess of raising up to $50 million in growth
capital as it prepares for a potential public listing. Reg A+
offering to close on July 20, 2020 here.
First-Ever Podcast Features Groundbreaking
Company
With security and safety at the forefront of today’s news across
the country and even around the world, it’s no wonder that Investor
Brand Network ("IBN") chose a groundbreaking security technology
company such as Knightscope,
Inc. (Profile)
to spotlight in its inaugural Stock2Me podcast. Designed to
be an invaluable source for the latest news and updates on market
trends and movers in high-profile industry sectors, Stock2Me Podcast keeps its listeners in
the loop by providing in-depth information about the inner workings
of the ever-evolving North American markets.
The podcast’s first
episode features an insightful interview between podcast host
Stuart Smith and Knightscope Inc.’s chairman and CEO William
Santana Li. Knightscope offers a unique combination of self-driving
technology, robotics and artificial intelligence, explained Li
during the podcast.
“The math problem we’re trying to solve is, there’s a million
security guards across the U.S. There's another million
Iaw-enforcement professionals,” he said. “They actually need to
operate 24/7. At any point in time, only about 500,000 humans are
trying to secure 328 million people across 50 states. That math
doesn't work.”
Knightscope security robots are fully autonomous and designed to
do basically two things, Li explained: provide a physical deterrent
and gather data.
“What does that mean?” he asked. “Well, let's say you're driving
down the highway, and you see a patrol car on the side. What is
your immediate reaction? To pump the brakes. Very similarly, if
you're trying to do something nefarious and it’s 4 o’ clock in the
morning and you pull into a hospital parking lot and there's a
five-foot-tall, 400-pound machine roaming around on its own — it's
fully autonomous, there's no one remote controlling it — the strobe
light is going and it says security on it and you have no idea what
it does, you're probably basically going to go and steal the car
down the street and not there. And that's what our clients have
been experiencing across the country.”
At the same time, Li explained, the security robots gather as
much data information from the environment as possible. “The
machine [does] the . . . monotonous and computational heavy
work that no human could possibly do, and then . . . humans do the
strategic decision making and enforcement work.”
Federal Purchase to Pave Way
Knightscope customers include malls, corporate campuses,
manufacturing plants, logistics facilities, hospitals, law
enforcement agencies, schools, cities, casinos, and residential and
commercial properties, including 10 Fortune 1000 companies to
date. Most recently, the company announced that it had
received its first federal
purchase order awarded through a General Services
Administration ("GSA") contract.
According to the announcement, the company has a one-year
agreement, with the potential of renewing for up to five years
total service time, to deploy an autonomous security robot ("ASR")
at an undisclosed location in Texas. Knightscope is optimistic that
this contract will pave the way for additional deployments at the
more than 170-plus locations managed by the same agency, and that
other federal agencies may sign up for ASRs when they see the
performance of the initial ASR in Texas.
Determined to Deliver on Mission
With more than 10,000 investors and over $40 million raised
since the company began in 2013, Knightscope has firmly established
its position as an industry leader in the public safety and
security sector. But the company is determined to deliver on its
mission to make the United States the safest nation in the world
while supporting millions of law enforcement and security
professionals across the country.
Consequently, the company is currently in the process of raising
up to $50 million in growth capital as it prepares for a possible
public listing. Shares are only available through Knightscope's
managing broker-dealer StartEngine,
and the company will close its current round of Regulation A+
Investment Offering on July 20, 2020.
“The global security market is projected to expand at over 10%
per year and reach over $165 billion by 2025,” StartEngine reports.
“As public safety becomes more top of mind, Knightscope believes it
is uniquely situated at the cross section of multiple key elements
of the security market, like video analytics, which was valued at
$1.6 billion in its own right.”
Safest Country in the World
While the Reg A+ offering is important, Li notes that the
company’s “end goal and aspiration is to see if we can make the
United States of America the safest country in the world. A public
listing or an IPO or however you want to do it is not the end goal
of the company. It is basically a financing, and that's it. That's
not the mission of the company.”
“I think long term, you know, my personal aspiration is to build
a $30 billion company that kind of looks like a defense
contractor,” Li continued. “But instead of focusing on the
Department of Defense, we would be focused on the Department of
Justice, Homeland Security, the 19,000 law enforcement agencies and
the 8,000 private security firms.”
Li concluded his Stock2Me podcast interview by noting that
“people are starting to realize that, ‘oh, wow, remote monitoring
is actually going to become the norm.’ This would be a very unique
way to better secure the places you visit, the places you work,
study and play,” he said. “I think for the last seven-plus years,
we've been pretty much screaming at the top of our lungs that we
need to reinvent, reimagine, reinvigorate public safety. I'm glad
that finally the entire nation is focused on a fundamental issue. I
don't believe the founders of our country ever expected us to build
a society where going to work and going to school or just being in
our own community comes with the risk of being shot or killed. We
need to provide new tools and a new way to think about Public
Safety, and Knightscope is at the forefront of that
discussion.”
Providing Much-Needed Answers
The security industry is clearly seeking solutions. Savvy
companies are stepping up to provide much-needed, innovative
answers.
Wrap Technologies
Inc. (NASDAQ: WRTC) recently
announced that more than 100
agencies had requested BolaWrap demonstrations or training just
last month, with an additional 36 agencies applying for grant
assistance since the June 4 debut of the company’s Grant Assistance
Program. “Agencies have been reevaluating their use of force
methods and tools during encounters with subjects who need to be
detained,” said Wrap Technologies COO Mike Rothans, who noted that
the company’s “remote restraint device is the only tool on an
officer’s belt designed to restrain a noncompliant subject without
inflicting pain.”
A global leader in connected public safety technologies,
Axon
Enterprise Inc. (NASDAQ: AAXN) has created
a new app that
delivers advanced situational awareness for support teams and
helps make officers and communities safer. Axon said the industry's
first real-time mobile application allows law enforcement to use a
mobile device to remotely view livestreamed Axon Body 3 camera or
Axon Air drone footage. The Axon Aware
app is bundled with and available at no additional cost
for the company’s current OSP7+ subscription plan customers, as well as a
la carte customers who have purchased Aware/Aware+ or Axon Air.
ShotSpotter (NASDAQ: SSTI) provides
acoustic gunshot
detection and precision-policing solutions to help law
enforcement officials and security personnel prevent and reduce gun
violence and make cities, campuses and facilities safer. The
company’s flagship product, ShotSpotter Flex(TM), is the
leading gunshot detection, location and forensic analysis system,
and is trusted by more than 100 cities. In addition, the
company’s ShotSpotter Missions(TM) uses artificial
intelligence-driven analysis to help strategically plan patrol
missions and tactics for maximum crime deterrence.
Finally, Tesla
Inc. (NASDAQ: TSLA) CEO Elon
Musk announced on Twitter about the company’s rewritten
version of Autopilot. The rewrite is expected to bring a host
of new functionality. With Tesla building its most affordable car
yet, Tesla continues to make products accessible and affordable to
more and more people, ultimately accelerating the advent of clean
transport and clean energy production. “Electric cars, batteries,
and renewable energy generation and storage already exist
independently, but when combined, they become even more powerful —
that’s the future we want,” the company states.
The traditional practices of the security industry have remained
virtually the same for years. Today’s society, however, is
demanding change, as the safety and protection of every individual
is becoming a top priority.
For more information, please visit Knightscope,
Inc.
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