Could robots eventually outnumber humans? Elon Musk seems to think so. During Tesla’s (NASDAQ:TSLA) Investor Day, Musk showcased the latest version of Optimus, a humanoid robot and made a grand prediction that humanoid robots will someday outnumber humans. Musk isn’t the only one who thinks that artificial intelligence (AI) and robots will cause a big change in the economy. Human jobs have already been taken over by robots in factories, and businesses facing labor shortages has led to an increase in demand for automation. But recent improvements in AI may speed up that change. IBM (NYSE:IBM) CEO Arvind Krishna has said that AI will take over clerical white-collar jobs and that robots could even help with a future labor shortage as the population ages. Although Musk’s Optimus is a a long way away from leading the robot revolution, several companies are already closing gaps in some industries like Knightscope (NASDAQ:KSCP), which has developed security robots that can take the place of human guards, ABB (NYSE:ABB) which makes industrial robots and Intuitive Surgical (NASDAQ:ISRG), a leader in surgical robots.
Knightscope (NASDAQ:KSCP) develops blue light emergency communication systems and self-driving Autonomous Security Robots (ASRs) that deter, detect, and report using four cutting-edge technologies: AI, autonomous driving, robotics, and electric vehicles (EVs).
Knightscope‘s cutting-edge communications products and ASR services provide dependable technologies for educational campuses, office parks, transportation authorities, municipalities, and the thousands of people they serve in order to help protect the places they live, work, study, and visit. ASRs help stop crimes from happening physically, and emergency communication systems make sure that help is always available.
Since the beginning of 2023, Knightscope has closed over 30 new sales and renewed seven ASR subscription contracts, including several in the first week of March.
On March 8, Knightscope announced an order from Port Authority of New York and New Jersey for three new K1 Call Boxes to add to the recently renovated Bayonne Bridge, an historic steel bridge connecting Staten Island, NY and Bayonne, NJ spanning 7,160 feet across the Kill Van Kull. The addition of more of Knightscope’s emergency call boxes expands access to emergency assistance on the Bayonne Bridge by providing lifelines to anyone experiencing an emergency, crisis or distress.
Two days prior, the company signed another contract with private pre-K through 12th grade school in southern California had bought a new K1 Blue Light Tower. At the same time, a New York park who is already a client has expanded its order with another K1 Call Box.
Knightscope also recently announced that it has executed a contract for 10 new K1 Blue Light Towers with Overton Brooks Veterans Administration (VA) Medical Center. The Veterans Health Administration, which is an organization of the US Department of Veterans Affairs, is the country’s largest integrated healthcare system with more than 170 health care facilities across the US with nearly 400,000 employees and over 9 million beneficiaries.
Along with these new contracts, the company has also been increasing engagement with its resellers. On March 2, Knightscope received a purchase order from its technology reseller in Florida for 30 new K1 Blue Light Towers to help with orders from current and future customers.
Continued interest in Knightscope ASRs and blue light emergency communication systems will help bring the company that much closer to its planned path to profitability, which the company expects to achieve within the next 24 months.
For more information about Knightscope, Inc. (NASDAQ:KSCP), click here.
Tech Companies Are Developing Innovative Solutions Based on Robotics
On March 2, IBM (NYSE:IBM) and Cohesity announced a new partnership to address the urgent need for businesses to have greater data protection and resilience in hybrid cloud environments. Cohesity’s data protection will play a significant role in IBM’s new IBM Storage Defender solution, which combines the data management, cyber resilience, and data protection capabilities from both companies. By utilizing AI and event monitoring across heterogeneous storage platforms through a single pane of glass, IBM Storage Defender is designed to protect companies’ data layer against threats like ransomware, human error, and sabotage. Additionally, it will have clean room and cyber vault features as well as automatic recovery capabilities to help companies retrieve mission-critical data in hours or minutes rather than days.
Tesla (NASDAQ:TSLA) provided an update on the status of its latest-generation Optimus humanoid robot during its 2023 Investor Day. The Tesla Bot is currently walking, picking things up, and performing basic activities, 19 months after it was first revealed. Elon Musk delivered a brief video update on the Optimus prototype, noting that it had to be hauled out on stage to wave like a politician as recently as October last year. The video shows Optimus walking around, though he moves more slowly than Boston Dynamics’ Atlas robot, which can do parkour. It also has opposable thumbs and hands that look like human hands. In one scene, one Optimus robot unplugs a broken Optimus arm from a test stand, picks it up, and moves it to a workstation where another bot is working on a third.
The Royal College of Surgeons of England has approved Intuitive Surgical (NASDAQ:ISRG) as the largest supplier of robotic-assisted surgical technology training (RCS England). The certification, which Intuitive has received across its entire worldwide education portfolio, is an award of excellence from RCS England in recognition of outstanding surgery-related education and is a globally recognised 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.
The 900th edition of ABB Review, ABB’s (NYSE:ABB) technical publication, was published on February 6. The corporate magazine has been published continuously since 1914, making it one of the longest-running corporate publications in existence. The ABB Review, which is published quarterly, highlights the company’s discoveries and breakthroughs that are transforming and reshaping technology and products in both commercial and industrial contexts. The lead piece in the latest edition, titled “Journey of Innovation,” chronicles the journal’s history and how it has documented successive inventions and breakthroughs that revolutionized and remade industries, technology, and products.
Since its inception, Knightscope has raised more than $120 million and had over 35,000 investors before going public in January 2022.
Featured Image Depositphotos @ fotoZapad
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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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