- Autonomous Security Robot (“ASR”) maker Knightscope offers a Machine-as-a-Service (“MaaS”) subscription that monitors, records and relays information according to business client needs
- Knightscope’s AI-enhanced robots patrol sites for Fortune 1000 companies, hospitals and police department clients, providing a sense of safety particularly in crime-prone areas
- The robots’ security features include 360-degree eye-level HD streaming video, obstacle recognition, face and license plate recognition, and thermal anomaly detection
- The Knightscope Security Operations Center (“KSOC”) allows operators to monitor real-time data produced by the robot patrols and to communicate with people through the robots’ Intercom and Broadcast system if necessary
- Market analysts foresee the ASR market growing with a CAGR of 7.93 percent between 2021 and 2026
Cautious optimism is driving economic forecasts for 2021 in the United States as market managers anticipate improving economic data and bullish investor sentiment but also the risks of a bumpy transition year if new COVID-19 pandemic containment policies stifle growth or pandemic-driven economic safety nets are terminated before the general public is ready to progress without them (https://ibn.fm/sQX21).
Patient business leaders will continue to plan for their companies’ safety needs while hoping for the best possible outcomes of vaccine rollout efforts, a new national political administration and evidence that societal upheaval is prompting a recommitment to day-to-day stability measures.
Autonomous robot manufacturer Knightscope is working to play a key role in making the United States a more secure place. Knightscope’s product platform involves a lineup of AI-driven patrols that can help companies manage transitions in workforce levels and reduce crime in areas affected by destabilization.
The company’s products include robot sentries for a variety of business conditions. One robot monitors from a stationary platform while two other models rove the premises, designed for indoor or outdoor conditions as needed.
The robots are designed to recognize obstacles in their path as they move about, but also potential obstacles to a safe environment for employees. They can provide alerts to business visitors about COVID policies, optional temperature scanning for fevers, landscape and perimeter inspection, and recordings of faces and license plates filmed with 360-degree live video.
Clients have reported effective problem deterrence when using Knightscope’s Autonomous Security Robots (“ASRs”). A recent blog entry provided a few examples: One hospital network reported it was experiencing an average of two crimes per week. When a mobile ASR was deployed, the crime rate dropped to zero for the following 12 months. When a California police department introduced an ASR to a crime-prone public park, officers saw a 46 percent reduction in crimes and a 68 percent drop in citations. And when a San Francisco business deployed a robot in its parking structure, crimes dropped from an average of 20 per month to one over the course of 12 months (https://ibn.fm/p7Csy).
The robots are delivered on a Machine-as-a-Service (“MaaS”) business model that features subscriptions with annual contracts. The robots operate 24 / 7 every day with an effective price of $4 to $11 per hour (https://ibn.fm/4qR9h). They are capable of recharging themselves at strategically located stations when their battery level begins to drop, and their Knightscope Security Operations Center (“KSOC”) allows operators to gain access to information in real-time circumstances.
The global autonomous mobile robots market size is expected to reach $145.5 billion by 2026, rising at a market growth of 24.6 percent CAGR during that period, according to a recent report by ResearchAndMarkets.com (https://ibn.fm/u8qY3).
Mordor Intelligence analysts anticipate that between 2020 and 2026, revenues for the global ASR market segment will rise from $2.44 billion to $3.91 billion, with a CAGR between 2021 and 2026 of 7.93 percent (https://ibn.fm/obKX1).
For more information, visit the company’s website at www.Knightscope.com.
Visit www.Knightscope.com/invest for a summary of Knightscope as an investment, with a blue Instant Messaging button for direct contact with their CEO.
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NOTE TO INVESTORS: The latest news and updates relating to Knightscope are available in the company’s newsroom at https://ibn.fm/Knight
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