Shares of Knightscope Inc. (NASDAQ:KSCP) gained 2.9% after the autonomous security robot company announced it has secured upwards of $1 million in new contracts, including renewals, expansions, and new client agreements across the U.S.
The company reported robust growth in its Emergency Communication Devices (ECDs) division, with 541 new units sold across sectors like higher education, parks and recreation, healthcare, and local government. Additionally, Knightscope won fresh contracts for its K5 Autonomous Security Robots (ASRs) within transit authorities, data centers, and higher education institutions.
Knightscope emphasized multiple public sector successes, highlighting increased ECD orders and extended full-service maintenance deals from cities, states, and law enforcement agencies. The company also renewed eight ASR subscriptions in industries such as retail, biotechnology, and hospitality.
Notably, Knightscope is gaining momentum in Washington, D.C., where it has been invited to participate in a July hearing on specific technologies, following numerous meetings with public officials and stakeholders.
Positioning itself as a leader in advanced security solutions, Knightscope combines autonomous robotics with artificial intelligence to deliver “smarter, safer environments” for its clients.