Knightscope, Inc. [Nasdaq: KSCP], a developer of advanced physical security technologies focused on enhancing U.S. security operations, today announced that it secured a contract to deploy a K5 Autonomous Security Robot (ASR) in Seattle, Washington, for a Fortune 1000 hotel and resort chain.
Hospitality is a growing segment among Knightscope’s clientele, with the Company having already secured numerous deployments in hotels, casinos and resorts. This corporation boasts 6,500 properties globally, over 5,400 locations of which are in the United States.
Five crimes challenging the hotel industry in general are burglary/theft, physical assaults, vehicle break-ins, human trafficking (prostitution) and murder. Knightscope is optimistic that its proven track record will contribute to a safer lodging experience for guests once deployed.
The company is an innovator in the security robot market and it was one of the pioneers of Robots as a Service (RaaS) as a business model. The company recently went public on the Nasdaq, making it one of only a dozen or so mobile robot companies to go public. The RaaS model is a capital intensive business model as the company continues to own the entire fleet of ASRs deployed to customers. KnightScope is able to remotely monitor the operations of its robots to help clients keep a continuous security presence.