Experts have warned us that AI is coming for our jobs for years…

But most people assumed it was a problem for the future generation and pushed the idea aside. 

That is, until generative AI titan ChatGPT blasted onto the world stage and upended the way we perceive the future.

ChatGPT gave the world an acute awareness that AI dominance isn’t a future fantasy — it’s a present reality.

But ChatGPT is just the tip of the AI iceberg.

AI-powered robots are also taking the world by storm. Billions of dollars are being spent to develop new groundbreaking robots across limitless industries ranging from healthcare to IT.

Robotics Investments by Month¹

Robot startup Figure AI – valued at $2.6 billion – has raised $675 million from investors like Jeff Bezos, Microsoft and NVIDIA.²

Honda and Hyundai Motor’s Boston Dynamics are developing humanoid robots. Tesla is looking to launch its Optimus robots by the end of 2025.³

It’s not just car manufacturing. 

Robots are also proving to be indispensable as public servants.

And there’s one AI security robotics stock that’s leading the global security robots market, which hit $32 billion in 2021 and it’s expected to grow at an impressive CAGR of 17.65% to reach nearly $120 billion by 2030.⁴

This company could potentially be the most undervalued stock on the NASDAQ, trading at under 50 cents with a market cap of $47 million.

Knightscope, Inc. (NASDAQ:KSCP), a cutting-edge security technology company located in the heart of Silicon Valley. 

The company manufactures ASRs (Made in America) equipped with state-of-the-art technology capable of deterring, detecting, and reporting crime.

When you look at the numbers, it becomes glaringly clear how important these robots are to public safety in the US.

Right now, there are over 331 million Americans. Yet, there are only 660,288 full-time law enforcement officers⁵ and just over a million security guards⁶—roughly one protector for every 200 people. 

In 2022, there were over a million violent crimes reported across the US.⁷  

But, only about 41.5% of violent crimes are reported, so it’s much higher than FBI stats show.⁸

One protector for 200 people simply isn’t enough. That’s why Knightscope, Inc. (NASDAQ:KSCP) has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses.

With HD 360 recording, thermal cameras and a public address speaker, ASRs provide additional eyes, ears and a voice to law enforcement – covering more ground and keeping the peace during all hours. 

According to InvestorPlace, Knightscope could be a surprise hit among must-own AI stocks.⁹

Knightscope was just awarded Authority to Operate by the U.S. Government. This authorization from the Federal Risk and Authorization Management Program (FedRAMP) is a massive win that makes this company’s cutting-edge technology available to federal agencies.¹⁰

But that isn’t the only exciting news this company has shared in recent months.

Knightscope (NASDAQ:KSCP) has inked dozens of major deals across the country – including 18 new contracts in April 2024 valued at over $1 million¹¹ – this is in addition to a 128% increase in revenue for 2023.¹²

It’s caught the attention of investment banking and equity research firm Ascendiant Capital Markets analyst Edward Woo, who highlighted the company’s Q3 wins as a sign of what’s to come in 2024 in a recent research report.

Some notable deals include a $1.2 million inventory replenishment order for its K1 Call Boxes,¹³ and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices.¹⁴

Knightscope (NASDAQ:KSCP) also completed a pilot contract with the New York Police Department (NYPD) for a K5 robot to patrol a Manhattan subway station with the support of the Metropolitan Transportation Authority (MTA).¹⁵

According to the New York Times and a New York City spokesperson, it is on track to be deployed at another location. Some of the other big-name clients utilizing Knightscope’s (NASDAQ:KSCP) technology include:

• Port Authority New York New Jersey
• Penn Entertainment
• University of Tennessee
• New York City Fire Department (FDNY)
• San Bernardino County Transportation Commission (SBCTC)
• San Luis Obispo Council of Governments (SLOCOG)
• Orange County Transportation Authority (OCTA)
• Ventura County Transportation Commission (VCTC). 

Knightscope’s Florida-based reseller Transportation Solutions & Lighting (TS&L) also purchased 40 K1 Blue Light Towers to support its growing emergency communications business.¹⁶

If that’s not enough, Knightscope (NASDAQ:KSCP) just began sales of its Automated Gunshot Detection (AGD) technology to cut the response time to dangerous situations down to two seconds!

Let’s take a look at some of the reasons this company is a force to be reckoned with in the public safety arena.

AI-Powered Autonomous Security Robots for Persistent Surveillance and Threat Detection

Knightscope (NASDAQ:KSCP) sets itself apart by employing cutting-edge technology in a unique approach towards combating violent crime in the US and beyond. 

Leveraging advanced data analysis and AI, Knightscope is at the forefront of public safety innovation, delivering efficient and targeted solutions to counter crime effectively. Its forward-thinking approach and application of modern technology are making a significant difference in the safety and security industry.

Knightscope, Inc. (NASDAQ:KSCP) is the only company that’s publicly traded and makes fully autonomous security robots (ASRs) for both indoors and outdoors at scale, but let’s compare them to other data-driven solution developers in the security space who are combating violent crimes in the US and beyond.

Knightscope’s comparables include companies like Axon Enterprise, which makes Tasers, body cameras, and VR training for officers.²³

Wrap Technologies makes a device called BolaWrap that police can use to restrain people from a distance.²⁴   

SoundThinking (formerly ShotSpotter) makes systems that can detect gunshots, high-tech security cameras, and a search engine for law enforcement²⁵— Knightscope has also recently added its own real-time, Automated Gunshot Detection (AGD) to its portfolio of autonomous security products and services.²⁶

Knightscope’s Unique Service Model and New Tech

Knightscope, Inc.’s (NASDAQ:KSCP) business model is called Machine-as-a-Service (MaaS), and it’s already generating significant revenue.

Think about it this way: a police officer’s salary can be between $57,000 and $67,000²⁷ and with all the extra costs, it can go up to $149,000.²⁸ Knightscope’s service costs between $0.75 to $9.00 per hour. This includes everything from setting up the robot to storing the data it collects.

For example, a single K5 Autonomous Security Robot (ASR) can make $255,000 of revenue over a 5-year period and is either paid up front by the client or financed by a funding partner²⁹ Total cash outflows over the period is ($84,530) yielding a margin of $170,470 or 67% as the long-term target!

Knightscope’s ASRs are not only cheaper to run, but they’re also reliable. Look at how they compare to the average security guard:

Plus, they’ve already helped solve crimes, like catching a hit-and-run suspect and identifying a gunman.

New Gunshot Detection Tech and Emergency Management System Platform

Knightscope (NASDAQ:KSCP) recently created a lot of buzz in the industry with the addition of real-time, Automated Gunshot Detection (AGD). This system can help police and security respond faster to threats. It’s a response to requests from schools, corporations, airports, hotels, and cities.

The benefits of gunshot detection include:

• Helping to stop active-shooter events and save lives
• Reducing false alarms
• Working with other security solutions to protect people

Knightscope’s (NASDAQ:KSCP) gunshot detection system will be added to new K1 Blue Light Towers and can be upgraded to over 7,000 devices already in use. The system can work on its own or with Knightscope’s K5 Outdoor and K3 Indoor ASRs. It can also use solar power or light pole kits for more flexible installation.

The system can locate shots indoors and outdoors and sends notifications in less than two seconds. Knightscope believes that a focused, real-time system is more effective than a city-wide approach.

Sales of the gunshot detection system are expected to start in Q4 2023. The market for gunshot detection systems is expected to reach $646 million by 2031 in North America.³⁰

Knightscope (NASDAQ:KSCP) also announced the launch of its innovative Knightscope Emergency Management System (KEMS).³¹

Because the company operates a wide-reaching network of more than 7,000 devices across the US, including K1 Blue Light Towers, E-Phones, and Call Boxes, the introduction of the KEMS platform will boost these devices’ capabilities by allowing real-time monitoring, instant error detection, and system performance reporting. 

It’s an exciting leap forward, made even more significant by Knightscope’s (NASDAQ:KSCP) integration of artificial intelligence throughout its product range. 

The company’s continued rollout of the KEMS platform throughout 2023 promises a dynamic shift in public safety infrastructure, making the nation’s security more efficient and smarter than ever.

But that’s just the beginning of what this company has in mind.

Knightscope (NASDAQ:KSCP) plans to partner with award-winning, industry-leading drone solutions and systems developer Draganfly (NASDAQ:DPRO) (CSE:DPRO) to fully integrate Draganfly’s drone technology with its ASR tech to form a unified autonomous product.³²

Meet the Minds Guiding Knightscope’s Security Revolution

The same team that founded, funded, grew, and listed Knightscope (NASDAQ:KSCP) over the last decade is leading the company today, and they plan to continue growing the company organically over the next two to three decades, while achieving their goal of making America safer. Among the talented roster, includes: