The robot gently closed a “pincer hand” around the phone, lifted it above eye level, and took a selfie with glowing digital eyes that briefly turned into hearts. This is Aeo, the most recent version of an Aeolus robot on display at CES 2023, the world’s largest consumer technology show. The Aeo was created to be a companion, with features like the ability to deliver food and medicine to elderly people in care. In fact, the Aeo robot has been helping Japan care for its aging population since the original robot was launched in 2018. Of course, Aeo is just one of the robots entering the workforce. Businesses across various sectors continue turning to robots to solve their labor shortage woes, including in warehouses, malls, restaurants and other venues. Knightscope (NASDAQ:KSCP) is using Autonomous Security Robots (ASRs) to fight crime and supplement labor shortages in the security space, while companies like Intuitive Surgical (NASDAQ:ISRG), ABB Ltd (NASDAQ:ABB), UiPath (NYSE:PATH), and Helix Energy Solutions (NYSE:HLX) are developing other types of robotics solutions.
Because of the number of crimes that happen today, more people want to use robots with high-definition cameras that can stream and record to keep an eye on public and private areas and stop, stop, catch, and prosecute criminals. Robots are not meant to take the place of police and security guards. Instead, they will work with them to fight crime.
Knightscope, Inc. (NASDAQ:KSCP), based in Silicon Valley, is an advanced security technology company that builds fully autonomous security robots that deter, detect and report to keep people safe 24/7 wherever they live, work, visit, or go to school in the US.
Knightscope has continued to sign new contracts with companies across the nation looking to increase security. The company just kicked off the year with four new contracts totaling eight new machines, including three K5 Autonomous Security Robots (ASRs) and five K1 Blue Light Towers. This news supports the company’s plan to expand and increase revenue on its way to profitability.
Knightscope’s new clients include one of the largest security companies in the United States, an American entertainment company that runs entertainment, sports content, and casino gaming businesses all under one roof, a real estate developer in Chicago, Kansas City, and St. Louis, and a teaching hospital in New York that has been open for almost 100 years.
Throughout December, the company signed a number of contracts as part of its end-of-year push to continue adding to its top-line revenue including the largest single contract in the company’s history. The contracts consist of 12 K5 Autonomous Security Robots (ASRs), two K1 Blue Light Towers and two K1 Call Boxes.
Knightscope’s roster of clientele now includes the government, public institutions and commercial businesses including Fortune 1000 companies, entertainment venues, hospitals, school campuses, storage facilities, logistics, manufacturing plants and more.
For more information about Knightscope, Inc. (NASDAQ:KSCP), click here.
Robotics Companies Are Progressing on Automation Projects
The Royal College of Surgeons of England has accredited Intuitive Surgical (NASDAQ:ISRG) as the largest provider of robotic-assisted surgical technology training (RCS England). The accreditation, which Intuitive has received across its entire global education portfolio, is an award of excellence from RCS England in recognition of outstanding surgery-related education and is an internationally recognized quality mark. Intuitive is the pioneer of robotic-assisted surgery and offers robotic technology training to surgeons and their teams using its da Vinci Surgical Systems. To date, Intuitive has trained over 60,000 surgeons worldwide in technology.
ABB Ltd (NASDAQ:ABB) has officially opened its cutting-edge, fully automated, and versatile robotics factory in Kangqiao, Shanghai, China. ABB invested $150 million (1.1 billion RMB) in the 67,000m2 production and research facility, which will use the company’s digital and automation technologies to manufacture next-generation robots, enhancing ABB‘s robotics and automation leadership in China. AI-powered robotic systems perform tasks such as screwdriving, assembly, and material handling, relieving people of these responsibilities and allowing for more rewarding work. The 8,000m2 R&D center at the site will develop innovations in AI, digitalization, and software, such as autonomous mobility, digital twin, machine vision, and low-code programming software, to make robots more intelligent, flexible, safer, and easier to use.
UiPath (NYSE:PATH), a leading enterprise automation software company, and Orica, one of the world’s largest mining and infrastructure solutions providers, have formed a global partnership to scale Orica’s app testing and automation capabilities to improve process efficiency across the whole company. As a result of this new partnership, UiPath will also be known as Orica’s preferred Technology Partner for Application Testing and Enterprise Automation. Orica will use the UiPath Test Suite to test its applications. The UiPath end-to-end business automation platform powers the UiPath Test Suite. It combines advanced Robotic Process Automation (RPA) technology with best-of-breed testing capabilities to give Orica a unified testing environment that is efficient, easy to use, and can be shared across multiple groups. Orica will be able to automate application testing with the help of UiPath. This will allow quality assurance (QA) teams to find and fix any underlying problems before the application is released, without affecting existing workflows.
Helix Robotics Solutions, the Robotics division of Helix Energy Solutions Group, Inc. (NYSE:HLX), has acquired three new subsea tools for trenching and boulder clearance plowing operations around the world. Helix Robotics recently acquired two SMD model Q1400 subsea trenchers, each capable of jetting and mechanical cutting trenching, as part of a recent asset investment. Helix also added an OSBIT PLP240 boulder and seabed preparation plough for boulder clearance, pre-cutting, and backfill modes. To be consistent with other Helix subsea assets, the new assets have been renamed T1400-1, T1400-2, and i-Plough. Helix‘s website contains additional information and technical specifications.
Knightscope has put together four crucial technologies (self-driving cars, robots, electric vehicles, and artificial intelligence) to make systems that give customers extra eyes, ears, and voices on the ground.
Featured Image Depositphotos @ yur4you
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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.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities.
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