- Intellectual property theft costs the United States $225-600 billion every year
- Crime, in general, has a negative economic impact of over $2 trillion annually
- Knightscope, through its ASRs, seeks to remedy the situation by offering 24/7/365 security, thereby securing clients’ physical and intellectual property
- The effectiveness of these ASRs has seen a San Francisco Bay Area biotech real estate development subscribing to two K5 ASRs and one K2 ASR
Approximately 12,000 intellectual property cases are filed in federal court annually. Every year, intellectual property theft costs the United States between $225 and $660 billion, for a sector that accounts for 27.7% of jobs in the country (https://ibn.fm/Afduy).
Markedly, there is a need to protect companies’ intellectual property just as there is to protect physical property, such as with chemical or biotech companies threatened with the theft of key research samples and the theft or damage of advance equipment. One company helping enterprises secure themselves on all fronts is Knightscope (NASDAQ: KSCP).
Known for developing autonomous security capabilities, Knightscope has products designed to cater to public institutions and commercial business operations. Its Autonomous Security Robots (“ASRs”) offer comprehensive property monitoring and reporting on a 24/7/365 basis. They have so far clocked over one million hours in the field and won security contracts that cover multiple time zones, seasons, and organizations in the U.S. Knightscope is committed to disrupting the $500 billion security industry, and hopes to do so by offering an overall package that secures companies’ physical and intellectual property, and protecting the safety of employees, in a more cost effective manner than with traditional approaches.
The effectiveness of Knightscope’s ASRs and their track record have grown the company’s client list, which includes multiple Fortune 1000 companies. The latest addition to that list is a San Francisco Bay Area biotech real estate development that has subscribed to two of the company’s K5 ASRs and one K2 ASR. The move is designed to enhance the client’s amenity-rich real estate project while underscoring public safety in a highly regulated environment (https://ibn.fm/mIwAE).
Knightscope will patrol a parking garage while also monitoring the common areas with this arrangement. This will protect the client’s physical property and its intellectual property under development at this high-tech facility. It will also provide additional protection for the employees working at the facility.
Knightscope is leading the industry in integrating autonomous security solutions, currently comprising the K1 stationary machine, a K3 indoor machine, and a K5 outdoor machine. With more companies subscribing to these solutions, Knightscope is not only bringing the US closer to being the safest nation in the world but is also creating incredible value for its shareholders.
For more information, visit the company’s website at www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP