AI Security Robots Are the Next Major Trend Beyond NVIDIA

Experts have warned us that AI is coming for our jobs for years…

But most people assumed it was a problem for the future generation and pushed the idea aside.

That is, until generative AI titan ChatGPT blasted onto the world stage and upended the way we perceive the future.

ChatGPT gave the world an acute awareness that AI dominance isn’t a future fantasy — it’s a present reality.

But ChatGPT is just the tip of the AI iceberg.

AI-powered robots are also taking the world by storm. Billions of dollars are being spent to develop new groundbreaking robots across limitless industries ranging from healthcare to IT.

Robotics Investments by Month¹

Robot startup Figure AI – valued at $2.6 billion – has raised $675 million from investors like Jeff Bezos, Microsoft and NVIDIA.²

Honda and Hyundai Motor’s Boston Dynamics are developing humanoid robots. Tesla is looking to launch its Optimus robots by the end of 2025.³

It’s not just car manufacturing.

Robots are also proving to be indispensable as public servants.

And there’s one AI security robotics stock that’s leading the global security robots market, which hit $32 billion in 2021 and it’s expected to grow at an impressive CAGR of 17.65% to reach nearly $120 billion by 2030.⁴

This company could potentially be the most undervalued stock on the NASDAQ, trading at under 50 cents with a market cap of $47 million.

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope, Inc. (NASDAQ:KSCP), a cutting-edge security technology company located in the heart of Silicon Valley.

The company manufactures ASRs (Made in America) equipped with state-of-the-art technology capable of deterring, detecting, and reporting crime.

When you look at the numbers, it becomes glaringly clear how important these robots are to public safety in the US.

Right now, there are over 331 million Americans. Yet, there are only 660,288 full-time law enforcement officers⁵ and just over a million security guards⁶—roughly one protector for every 200 people.

In 2022, there were over a million violent crimes reported across the US.⁷

But, only about 41.5% of violent crimes are reported, so it’s much higher than FBI stats show.⁸

One protector for 200 people simply isn’t enough. That’s why NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope, Inc. (NASDAQ:KSCP) has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses.

With HD 360 recording, thermal cameras and a public address speaker, ASRs provide additional eyes, ears and a voice to law enforcement – covering more ground and keeping the peace during all hours.

According to InvestorPlace, Knightscope could be a surprise hit among must-own AI stocks.⁹

Breaking News

On the Move: 107 Knightscope Machines & Devices

Knightscope was just awarded Authority to Operate by the U.S. Government. This authorization from the Federal Risk and Authorization Management Program (FedRAMP) is a massive win that makes this company’s cutting-edge technology available to federal agencies.¹⁰

But that isn’t the only exciting news this company has shared in recent months.

Knightscope (NASDAQ:KSCP) has inked dozens of major deals across the country – including 18 new contracts in April 2024 valued at over $1 million¹¹ – this is in addition to a 128% increase in revenue for 2023.¹²

It’s caught the attention of investment banking and equity research firm Ascendiant Capital Markets analyst Edward Woo, who highlighted the company’s Q3 wins as a sign of what’s to come in 2024 in a recent research report.

Some notable deals include a $1.2 million inventory replenishment order for its K1 Call Boxes,¹³ and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices.¹⁴

Knightscope (NASDAQ:KSCP) also completed a pilot contract with the New York Police Department (NYPD) for a K5 robot to patrol a Manhattan subway station with the support of the Metropolitan Transportation Authority (MTA).¹⁵

According to the New York Times and a New York City spokesperson, it is on track to be deployed at another location. Some of the other big-name clients utilizing NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope’s (NASDAQ:KSCP) technology include:

Port Authority New York New Jersey
Penn Entertainment
University of Tennessee
New York City Fire Department (FDNY)
San Bernardino County Transportation Commission (SBCTC)
San Luis Obispo Council of Governments (SLOCOG)
Orange County Transportation Authority (OCTA)
Ventura County Transportation Commission (VCTC).

Knightscope’s Florida-based reseller Transportation Solutions & Lighting (TS&L) also purchased 40 K1 Blue Light Towers to support its growing emergency communications business.¹⁶

If that’s not enough, NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) just began sales of its Automated Gunshot Detection (AGD) technology to cut the response time to dangerous situations down to two seconds!

Let’s take a look at some of the reasons this company is a force to be reckoned with in the public safety arena.

7 Reasons

To Pay Close Attention to NASDAQ:KSCP/quote/" target="_blank" rel="noopener">Knightscope, Inc. (NASDAQ:KSCP/quote" target="_blank" rel="noopener" data-fancybox="" data-height="950" data-linkz-ai-ignore="" data-preload="false" data-type="iframe" data-width="1300">NASDAQ:KSCP)

Innovation Leader: NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) is a first mover security technology firm manufacturing Autonomous Security Robots (ASRs) equipped with advanced technology that can deter, detect, and report crimes.

2Advanced Technology Integration: NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) uses four key technologies – autonomy, robotics, artificial intelligence, and EV technology to develop its unique and efficient security solutions. Recently launched real-time, Automated Gunshot Detection (AGD) and the Knightscope Emergency Management System (KEMS).

3Cost-Effective Solution: Knightscope‘s Machine-as-a-Service (MaaS) business model provides a cost-effective alternative to traditional security. Their services cost between $0.75 to $9.00 per hour. In comparison, an unarmed guard makes $15 to $35 per hour and an off-duty armed law enforcement officer can be well over $85 per hour.

4Ongoing Revenue Growth: NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) announced a 128% increase in revenue year-over-year, generating an estimated $12.8 million in 2023.¹⁷ Yet, the company is trading at less than 50 cents with a market cap of $47 million – making it easily one of the most undervalued stocks on the NASDAQ.

5Successful Client Acquisition and Recurring Revenue Stream: NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope, Inc. (NASDAQ:KSCP/quote" target="_blank" rel="noopener" data-fancybox="" data-height="950" data-linkz-ai-ignore="" data-preload="false" data-type="iframe" data-width="1300">NASDAQ:KSCP) just signed another 18 contracts over $1 million, adding to its growing roster of major clients across the US.

6Strong Growth Prospects: The ASR market is expected to grow significantly, reaching $116.44 billion by 2030. NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) also has a clear roadmap to profitability, targeting Q4 2024.

7Relentless, Experienced Leadership Team: Management team holds over 10 million shares of the company’s outstanding shares. Knightscope’s Co-founder & CEO, Chairman William Santana Li holds 7 million shares. He was the youngest senior executive at Ford Motor Company out of 430,000 employees at the time and later became COO at Ford subsidiary GreenLeaf, the world’s second-largest automotive recycler.

AI-Powered Autonomous Security Robots for Persistent Surveillance and Threat Detection

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) sets itself apart by employing cutting-edge technology in a unique approach towards combating violent crime in the US and beyond.

Leveraging advanced data analysis and AI, Knightscope is at the forefront of public safety innovation, delivering efficient and targeted solutions to counter crime effectively. Its forward-thinking approach and application of modern technology are making a significant difference in the safety and security industry.

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope, Inc. (NASDAQ:KSCP) is the only company that’s publicly traded and makes fully autonomous security robots (ASRs) for both indoors and outdoors at scale, but let’s compare them to other data-driven solution developers in the security space who are combating violent crimes in the US and beyond.

Knightscope’s comparables include companies like Axon Enterprise, which makes Tasers, body cameras, and VR training for officers.²³

Wrap Technologies makes a device called BolaWrap that police can use to restrain people from a distance.²⁴

SoundThinking (formerly ShotSpotter) makes systems that can detect gunshots, high-tech security cameras, and a search engine for law enforcement²⁵— Knightscope has also recently added its own real-time, Automated Gunshot Detection (AGD) to its portfolio of autonomous security products and services.²⁶

Press Releases

Knightscope’s Unique Service Model and New Tech

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope, Inc.’s (NASDAQ:KSCP) business model is called Machine-as-a-Service (MaaS), and it’s already generating significant revenue.

Think about it this way: a police officer’s salary can be between $57,000 and $67,000²⁷ and with all the extra costs, it can go up to $149,000.²⁸ Knightscope’s service costs between $0.75 to $9.00 per hour. This includes everything from setting up the robot to storing the data it collects.

For example, a single K5 Autonomous Security Robot (ASR) can make $255,000 of revenue over a 5-year period and is either paid up front by the client or financed by a funding partner²⁹ Total cash outflows over the period is ($84,530) yielding a margin of $170,470 or 67% as the long-term target!

Knightscope’s ASRs are not only cheaper to run, but they’re also reliable. Look at how they compare to the average security guard:

Plus, they’ve already helped solve crimes, like catching a hit-and-run suspect and identifying a gunman.

New Gunshot Detection Tech and Emergency Management System Platform

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) recently created a lot of buzz in the industry with the addition of real-time, Automated Gunshot Detection (AGD). This system can help police and security respond faster to threats. It’s a response to requests from schools, corporations, airports, hotels, and cities.

The benefits of gunshot detection include:

Helping to stop active-shooter events and save lives
Reducing false alarms
Working with other security solutions to protect people

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope’s (NASDAQ:KSCP) gunshot detection system will be added to new K1 Blue Light Towers and can be upgraded to over 7,000 devices already in use. The system can work on its own or with Knightscope’s K5 Outdoor and K3 Indoor ASRs. It can also use solar power or light pole kits for more flexible installation.

The system can locate shots indoors and outdoors and sends notifications in less than two seconds. Knightscope believes that a focused, real-time system is more effective than a city-wide approach.

Sales of the gunshot detection system are expected to start in Q4 2023. The market for gunshot detection systems is expected to reach $646 million by 2031 in North America.³⁰

NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) also announced the launch of its innovative Knightscope Emergency Management System (KEMS).³¹

Because the company operates a wide-reaching network of more than 7,000 devices across the US, including K1 Blue Light Towers, E-Phones, and Call Boxes, the introduction of the KEMS platform will boost these devices’ capabilities by allowing real-time monitoring, instant error detection, and system performance reporting.

It’s an exciting leap forward, made even more significant by NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope’s (NASDAQ:KSCP) integration of artificial intelligence throughout its product range.

The company’s continued rollout of the KEMS platform throughout 2023 promises a dynamic shift in public safety infrastructure, making the nation’s security more efficient and smarter than ever.

But that’s just the beginning of what this company has in mind.

Knightscope (NASDAQ:KSCP) plans to partner with award-winning, industry-leading drone solutions and systems developer Draganfly (NASDAQ:DPRO) (CSE:DPRO) to fully integrate Draganfly’s drone technology with its ASR tech to form a unified autonomous product.³²

In the News

Meet the Minds Guiding Knightscope’s Security Revolution

The same team that founded, funded, grew, and listed NASDAQ:KSCP/quote" target="_blank" rel="noopener">Knightscope (NASDAQ:KSCP) over the last decade is leading the company today, and they plan to continue growing the company organically over the next two to three decades, while achieving their goal of making America safer. Among the talented roster, includes:

William Santana LiChairman & CEO

At the age of 28, Bill Li was once the youngest senior executive at Ford Motor Company worldwide. Today, he’s an American entrepreneur with +30 years of experience in the global automotive industry and founding and leading a number of start-ups. At Ford, Li’s roles spanned four continents, as held multiple business and technical positions, including Director of Mergers & Acquisitions, and later internally securing $250 million in financing to found and served as COO of GreenLeaf LLC, a Ford Motor Company subsidiary that became the world’s second largest automotive recycler. After GreenLeaf, Li was recruited by SoftBank Venture Capital to establish and serve as the President and CEO of the Model E Corporation, a newly established automobile manufacturer that focused on the “Subscribe and Drive” model in California. Li also founded Carbon Motors Corporation in 2003, and as its Chairman and CEO until February 2013, focused it on developing the world’s first purpose-built law enforcement patrol vehicle.

Stacy D StephensEVP & Chief Client Officer

Stephens previously co-founded Carbon Motors Corporation with Li, where he led marketing operations, sales, product management, partnership marketing and Client service. At Carbon Motors, he established the “Carbon Council,” a Client interface and users group consisting of over 3,000 law enforcement professionals across all 50 states and actively serving over 2,200 law enforcement agencies.

Mercedes SoriaEVP & Chief Intelligence Officer

Soria is a technology professional with +15 years of experience in systems development, life cycle management, project leadership, software architecture, and web applications development. Another Carbon Motors Corporation alumnus, Soria led IT strategy development at that company from 2011 until 2013.

Apoorv S DwivediEVP and CFO

With extensive finance and corporate strategy experience, Apoorv S Dwivedi most recently served as the Chief Financial Officer of Nxu, Inc. (NXU). He joined the company in 2022 and helped to take it public on Nasdaq in the same year. He then led the company’s strategy around capital markets, investor relations, finance operations and corporate growth. Prior to his CFO role at Nxu, Dwivedi served as Director of Finance for Cox Automotive from 2019 to 2022 where he successfully ran the Manheim Logistics business. From 2018 to 2019, he was the Director of Presales at the SaaS company Workiva, and from 2010 to 2017 Dwivedi served in several corporate finance roles of increasing responsibility at the General Electric Company across both the GE Capital and GE Industrial businesses. Dwivedi began his career at ABN-AMRO, N.A. and was instrumental in building one of the first data analytics teams at Sears Holdings Company.

Aaron J Lehnhardt,EVP and Chief Design Officer

Aaron Lehnhardt has served as Knightscope’s Chief Design Officer since November 2015. Previously, from the company’s inception in April 2013 until November 2015, Mr. Lehnhardt served as Chief Designer of the Company. From 2002 to April 2013, Mr. Lehnhardt was the co-owner of Lehnhardt Creative LLC where he worked on advanced propulsion vehicle design, personal electronics, product design, video game design, and concept development work. From 2004 to 2011, Mr. Lehnhardt was Chief Designer at California Motors (Calmotors), where he led the design for various concepts for HyRider hybrid vehicles, the Calmotors 1000 horsepower hybrid supercar, Terra Cruzer super off-road vehicle, multiple vehicles for the U.S. Military, and various other hybrid and electric vehicles. He was also the lead designer and partner of Ride Vehicles LLC, a sister company to Calmotors, which worked on a 3-wheeled, standup personal mobility vehicle.

RECAP: 7 Reasons

7 Reasons You Shouldn’t Sleep on NASDAQ:KSCP/quote/" target="_blank" rel="noopener">Knightscope, Inc. (NASDAQ:KSCP)

1Innovation Leader: Pioneering in security with crime-deterring Autonomous Security Robots (ASRs).

2Advanced Technology Integration:Integrates autonomy, robotics, AI, and EV technology, including Automated Gunshot Detection.

3Cost-Effective Solution:Offers security services at $0.75 to $9.00 per hour, undercutting traditional security guard costs.

4Ongoing Revenue Growth:Achieved a 128% revenue increase in 2023, totaling $12.8 million yet it’s undervalued at less than 50 cents with a market cap of $47 million.

5Successful Client Acquisition:Recently added 18 major contracts, expanding its client base across the US

6Strong Growth Prospects:With a projected market value of $119 billion by 2030, targets profitability by Q4 2024.

7Relentless, Experienced Leadership:Led by a former Ford executive with a significant personal investment in the firm

Like we mentioned earlier, crime isn’t going away anytime soon.

America desperately needs more protection and Knightscope (NASDAQ:KSCP) is stepping up to the plate with advanced AI-powered solutions.

Don’t sleep on the opportunity to get in on the ground floor of the $55 billion security robots market.³⁴

Add Knightscope (NASDAQ:KSCP) to your watchlist and stay up to date on an exciting year ahead. Chances like this don’t come everyday.

Disclaimer

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Knightscope, Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Knightscope, Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

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