Knightscope secures $3.8 million in new and recurring contracts

Knightscope, Inc. (NASDAQ: KSCP) announced approximately $3.8 million in new and recurring contracts across eight industry verticals, according to a company statement.

The contracts span critical infrastructure, retail and consumer, healthcare and life sciences, industrial and energy, gaming and hospitality, higher education, commercial real estate, and technology and telecom sectors. Critical infrastructure represented the largest portion of bookings.

The critical infrastructure engagements include contracts with a major California county government, the federal government, multiple metropolitan law enforcement and emergency response agencies, a U.S. national laboratory, regional transit, aviation and port authorities, and state and county transportation and government programs.

Private-sector contracts involve Fortune 500 pharmaceutical and healthcare organizations, hospital systems, national retail brands, a global beverage company, industrial and energy enterprises, casino and gaming operators, a telecom provider, higher education institutions, and commercial real estate operators.

"Clients across the country are tired of buying products and getting fragmented results. They want outcomes, and they want one accountable provider," said William Santana Li, Chairman and Chief Executive Officer of Knightscope.

Knightscope operates as a managed service provider that combines autonomous machines, software, and security personnel under what it calls an Autonomous Security Force. The company serves commercial and government clients across the United States.

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