Knightscope, Inc. (Nasdaq: KSCP), a pioneer in robotics and artificial intelligence (AI) technologies for public safety, has announced a new contract with a Texas city for three K1 Blue Light Towers. This contract marks the first deal facilitated through Knightscope’s newest Authorized Partner, PMB Capital Investments, a Dallas-based real estate investment and development firm. PMB’s principals boast over three decades of experience in real estate and capital markets, having developed over 5,000 residential lots and made direct real estate acquisitions exceeding $750 million. The company invests in various real estate types and capital structures, with a focus on major cities in the southwestern U.S. known for robust population growth.
The successful initiation of this municipal sale paves the way for Knightscope to secure additional contracts and strengthen its long-term partnership with PMB. The recognizable blue-lit towers are crucial in ensuring reliable emergency services, functioning around the clock in all weather conditions and even during peak communication traffic. These systems provide precise location information, guaranteeing the timely arrival of the necessary assistance.
Bay Area Biotech Real Estate Developer Extends Safety Contract for Third Year
A biotech real estate developer in the Bay Area has renewed its contract for the third consecutive year, continuing the use of two Knightscope K5 Autonomous Security Robots (ASRs) and one K1 Tower ASR to enhance safety at its amenity-rich real estate project in a strictly regulated environment. Biotech companies, like other businesses, must protect against break-ins, vandalism, and intrusions, particularly as their intellectual property attracts potential theft and sabotage. Incidents of break-ins can lead to damage of costly physical property, such as lab equipment and electronics, while vandalism could escalate, especially if the company faces opposition or protests over certain research activities.
Knightscope will persist in patrolling the parking structures and monitoring common areas of this high-tech campus, safeguarding the physical and intellectual assets and supporting the workers who contribute to advancing healthier communities.
Source: IBN
