Knightscope Completes K7 Alpha Testing

MOUNTAIN VIEW, CA -- Knightscope, Inc., a developer of robotics and artificial intelligence (“AI”) technologies for public safety, has successfully completed all-new K7 Autonomous Security Robot (“ASR”) alpha prototype.

Its physical presence is significantly larger than the K5, includes new features and is designed to autonomously operate at higher patrol speeds across various surface types. The K7’s extended range, speed and remote monitoring capabilities further advance Knightscope on its path to redefining the future of public safety.

“We are leveraging over a decade of real-world autonomous experience to define an all-new category and market opportunity,” said William Santana Li, chairman and CEO. “We have had a whirlwind of activity this year focused on improving the business. In many cases, we intentionally sacrificed short-term benefits for long-term value growth, which we believe to be prudent.”

The successful build of the K7 Alpha Prototype comes ahead of the 2025 Beta prototype build and planned pre-orders. It is a four-wheeled autonomous vehicle targeting public safety in larger environments.

“A key part of our path to long-term sustainable growth is technology innovation. I’m personally very excited about the future with our K7 ASR, which represents a significant top line revenue driver, a next generation technical architecture, and an all-new unique manufacturing process,” said Li.

2024 Recap
Knightscope’s leadership emphasized 2024 as a turnaround year, highlighted by key changes across corporate structure, technology, and operations. These changes were designed to effectively re-establish the company on a solid foundation for growth.

On the corporate front, a new Board of Directors was recruited, the CFO was replaced, a new accounting team was established and over 1/3 of the management team was eliminated. Toxic warrants were eradicated; preferred stock was converted to common stock; a successful reverse stock split was completed to regain compliance with Nasdaq; and a Reg A+ Public Infrastructure Bond Offering.

From a technological standpoint, the Company improved quality and implemented enhancements to deliver better robots to clients. The K5v3 was retired and nearly every machine in the field was replaced with the all-new, higher-quality and less costly K5v5.

The K5 GOV was successfully deployed with the U.S. Federal Government, which is believed to be a significant differentiator and revenue driver in the future. Development of the cross-platform Intelligence Control Module (ICM) was kicked off to be the common platform for all future robots and devices. And testing of the K7 Alpha Prototype is well underway and is expected to have a meaningful impact on clients with large properties.

From an operations perspective, an all-new sales team was hired, routine field service and maintenance was outsourced, and the consolidation of facilities across the country commenced.

“We have had a whirlwind of activity this year focused on improving the business. In many cases, we intentionally sacrificed short-term benefits for long-term value growth, which will believe to be prudent,” said Apoorv S Dwivedi, EVP and chief financial officer, Knightscope. “That said, the changes will continue to drive some choppiness in the coming quarters. In the long run we are planning to deliver a bright future for Knightscope clients, shareholders and team.”

To learn more about Knightscope’s portfolio of public safety technologies, go to www.knightscope.com.