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Investing.com -- Knightscope Inc (NASDAQ:KSCP) stock rose 2.9% after the autonomous security robot developer announced it has secured more than $1 million in new contracts spanning renewals, expansions, and new client acquisitions across the United States.
The company reported significant growth in its Emergency Communication Devices (ECDs) business, booking 541 new devices across higher education, parks and recreation, healthcare, and local government sectors. Knightscope also secured new contracts for its K5 Autonomous Security Robots (ASRs) in transit authority, data center, and higher education markets.
The California-based security technology firm highlighted several public sector wins, with cities, states, and law enforcement agencies expanding their ECD purchases and extending full-service maintenance agreements. Additionally, eight ASR subscriptions were renewed across retail, biotech, and hospitality sectors.
Knightscope also noted increasing engagement in Washington, D.C., where the company has been invited to participate in a hearing on certain technologies scheduled for July, following dozens of meetings with public officials and stakeholders.
The company positions itself as a provider of advanced security solutions that create "smarter, safer environments" through its combination of autonomous robots and artificial intelligence technologies.
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