Disseminated on behalf of Knightscope, Inc.

Microsoft and Sanctuary AI Collaborate to Advance General-Purpose Robots

2149524396 1 Microsoft and Sanctuary AI Collaborate to Advance General-Purpose Robots

Microsoft has unveiled a strategic partnership with Sanctuary AI to enhance AI capabilities for general-purpose robots, prominently featuring Sanctuary’s humanoid, Phoenix. Under this collaboration, Sanctuary AI will leverage Microsoft’s Azure cloud services to develop sophisticated “Large Behavior Models” (LBMs), designed to help AI systems learn from direct real-world interactions. This initiative will propel AI advancements across several sectors, including automotive and manufacturing, signaling Microsoft’s deepening commitment to the future of humanoid robotics. This follows Microsoft’s investment in Figure Robotics, a key player in the same field. In addition to Microsoft’s collaboration with Sanctuary AI, other companies in the robotics and AI space such as Knightscope, Inc. (NASDAQ:KSCP), Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX), Wrap Technologies Inc (NASDAQ:WRAP), Evolv Technologies Holdings Inc (NASDAQ:EVLV), and SoundThinking Inc (NASDAQ:SSTI) are making strides in advancing technology for various industries.

Knightscope, Inc. (NASDAQ:KSCP) is a leader in robotics and AI technologies for public safety. Based in Silicon Valley, this advanced security technology firm specializes in constructing fully Autonomous Security Robots (ASR). These robots are designed to prevent, detect, and report incidents, offering unparalleled situational awareness to security and public safety personnel. With its groundbreaking technology, Knightscope aims to combat crime effectively, ensuring the safety of residential, commercial, educational, and public spaces. This innovative public safety company’s ultimate goal is to contribute to making the United States the safest nation globally.

Knightscope just reached a significant achievement by entering the federal sector. On May 2, 2024, the company announced the deployment of a K5 GOV Autonomous Security Robot (ASR) at the Audie L. Murphy VA Medical Center in San Antonio, Texas, in collaboration with the US Department of Veterans Affairs. This marks an important milestone in Knightscope‘s expansion journey.

Following three years of dedicated efforts, Knightscope earned an Authority to Operate from FedRAMP, paving the way for broader adoption of its technologies across various federal departments and agencies. The designation of “K5 GOV” signifies a revamped hardware and software architecture tailored to meet rigorous U.S. Federal Government standards, streamlining adoption and procurement processes for agencies.

William Santana Li, Chairman and CEO of Knightscope, expressed gratitude to the company’s tireless team and emphasized their commitment to supporting the nation’s veterans. 

Knightscope‘s K5 GOV is now accessible through the GSA Schedule, facilitated by their veteran-owned small business partner, MediaNow Inc. Furthermore, the company’s compliance with the Buy America and Buy American Act underscores its dedication to bolstering the U.S. economy and upholding domestic manufacturing standards.

These advancements not only broaden the Total Addressable Market (TAM) for Knightscope but also contribute to its sales momentum, bringing it closer to profitability.

For more information about Knightscope, Inc. (NASDAQ:KSCP), click here.

Tech Innovations Forge Safer Communities

Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) recently announced insights on its new subsidiary, Robotic Assistance Devices Residential, Inc. (RAD-R). With a fall production schedule, AITX prepares for holiday demand. RAD-R unveils RADCam™, its pioneering residential security camera, integrating AI from sister company RAD. RADCam aims to redefine home security for tech-savvy users. AITX negotiates production for up to 20,000 units, with the first batch expected in June, aligning with holiday sales. 

Wrap Technologies Inc (NASDAQ:WRAP) has partnered with Kokusai Security Service in the Asia-Pacific, marking a significant milestone for both. Kokusai Security will distribute Wrap Technologies’ flagship products like BolaWrap, Wrap Reality VR Training system, and Intrensic Body Worn Cameras in specific regions. Leveraging Kokusai Security’s network, the partnership aims to deploy Wrap’s innovative solutions across the Asia-Pacific, enhancing public safety for law enforcement and security professionals.

Evolv Technologies Holdings Inc (NASDAQ:EVLV) has partnered with Cape Fear Community College, deploying Evolv Express® at the Wilson Center entrance, enhancing security without disrupting guest flow. Since 2019, the college has used Evolv weapons detection tech, upgrading to Express in 2023 for streamlined screening. Evolv Express employs sensor tech and AI to discern threats from everyday metal items, streamlining guest entry without constant individual checks, reducing entry congestion. Before adopting Evolv, guests underwent manual bag searches and hand wand screenings at the Wilson Center entrance. This partnership marks Cape Fear’s transition from outdated screening methods, ensuring a safer experience for guests attending the performing arts venue.

On March 13, SoundThinking Inc (NASDAQ:SSTI), formerly known as ShotSpotter, announced seven new customer acquisitions and broadened coverage for its flagship gunshot detection system, ShotSpotter. During the first quarter of 2024, the company finalized several agreements with municipalities adopting ShotSpotter for the first time or expanding existing coverage. Additionally, other cities activated newly installed ShotSpotter technology, further enhancing public safety measures. In New Jersey, Paterson, Camden County, and Newark expanded ShotSpotter coverage, while Bergen County implemented it for the first time. This state-funded $7 million initiative aims to improve law enforcement’s response to community gunfire across 14 municipalities.

Knightscope, Inc. (NASDAQ:KSCP) recently deployed 37 K1 Blue Light Towers at Rio Hondo College in Whittier, California. These solar-powered, wireless systems come with full-service maintenance after the initial one-year warranty. The college prioritizes campus safety, emphasizing the importance of emergency communication for quick access to police, fire, and EMS services. Knightscope‘s Blue Light Towers offer reliable assistance, especially in emergencies when cell phone networks may fail due to overload or lack of signal. Strategically located across the campus, these towers provide reassurance and precise location reporting in all conditions.

For more information about Knightscope, Inc. (NASDAQ:KSCP), click here.

Featured Image @ Freepik

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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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About the author: Stephanie Bedard-Chateauneuf has over six years of experience writing financial content for various websites. Over the years, Stephanie has covered various industries, with a primary focus on tech stocks, consumer stocks, health stocks, and personal finance. This stock lover likes to invest for the long-term. Stephanie has an MBA in finance.