No images? Click here Dear Existing Knightscope Investor, We are backed by over 7,000 investors now and a number of you have been kindly asking how we are doing, how are we handling the crisis, and about our overall outlook. The situation is obviously fluid, but we want to provide you an interim update. Essential Services
OUR FIRST concern was the health and safety of our teammates. We identified the developing trend surrounding the spread of COVID-19 and took action ahead of the government directive by minimizing the number of employees at Knightscope Headquarters (KHQ) and authorizing the majority of the team to work from home. However, given that public safety, physical security and wellness are classified as essential services, we needed a way to continue to operate and support our law enforcement, security and healthcare clients. We therefore instituted a Work From KHQ (WFKHQ) policy in order to support ongoing operations whereby employees must obtain written approval (with logs) to work from the office with staggered work hours and no more than 2 people allowed in any part of the buildings at any given time.
SECOND, we focused on our clients. We re-planned and re-prioritized service, maintenance, upgrades, and re-deployments. Although not optimal, we are working as hard as possible to ensure ‘uptime’ of service and maintain some level of normalcy for our clients across the country.
THIRD, we developed Public Service Announcements to communicate in both virtual and physical domains. This entailed creating encouraging and uplifting reminders that were posted on all of our social media accounts. Themes included practicing social distancing, proper hygiene and common sense consideration of others. In support of the social media outreach, we are now working offline to add numerous similarly themed, pre-recorded broadcast audio messages for our Autonomous Security Robots (ASRs) to announce when a person is detected and/or on an hourly basis, depending on client needs.
FOURTH, we are actively investigating the reinstatement of a detection strategy previously under development which may be useful in identifying persons at risk of carrying COVID-19. An initial assessment seems promising, so we are continuing the investigation, but we are seeking additional funding and resources to develop it. It would be awesome for our security robots to proactively help during this pandemic.
LASTLY, we are approaching the finish line on numerous sales agreements including, but not limited to, our 1st federal government site, 2nd defense contractor, and 3rd law enforcement agency, 1st transit authorities (two separate clients covering both bus and rail services), an international airport and another casino. We also believe that more opportunities will surface as security professionals examine the impact that COVID-19 has had on their operation and how to future-proof their programs with remote monitoring.
IMPORTANT: Remote monitoring will be the new norm – and keep in mind that robots are immune to disease and danger and are working today 24/7/365 across the country helping keep the places you work, study and visit safe – even during a pandemic. Our OutlookLong-term innovation gains are not correlated to short-term financial market volatility. We repeat - long-term innovation gains are not correlated to short-term financial market volatility. There are peace time CEOs. There are war time CEOs. Almost by their very nature, most startup company CEOs are war time CEOs – as it is war every day from dusk to dawn in building something all-new from the ground up – no matter the headwinds, crosswinds, crisis, or global meltdown. Our CEO answers thousands of questions online from investors and we thought to share this recent response from nearly 3 weeks ago:
Q. This is a question regarding recent events but do you think the coronavirus could delay the IPO or slow down your contracts/new customers in any way? I remember you said in an interview that all your robots are built here in America so it shouldn't affect production, am I correct? A. William Santana Li - Knightscope 19 days ago Nicholas, difficult question to answer especially when have unchartered territory technology in an unchartered medical emergency. Yes, we build our machines here in the U.S.
If you have the means and wish to support your portfolio company through this difficult time as we continue to fight the good fight, we can accept accredited and unaccredited investors as well as domestic and international investors from $1,000 to $10M completely online here. We can do this, and with your support, we will come out the other side even stronger! 🤖 💪
Legal Disclaimer Knightscope and www.knightscope.com are operated by Knightscope, Inc. Investment opportunities in the Reg A+ offering are not a public offering, are private placements, are subject to long hold periods, are illiquid investments and investors must be able to afford the loss of their entire principal. There is no guarantee that Knightscope will register its shares with the SEC or any stock exchange. Offers to buy or sell any security can only be made through official offering and subscription documents that contain important information about risks, fees and expenses. You should conduct your own due diligence including reviewing in detail the Offering Circular and consultation with a financial advisor, attorney, accountant, or other professional that can help you to understand the risks associated with the investment opportunity. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE. Forward-Looking Statements This release may contain forward-looking statements regarding Knightscope’s proposed public listing of its securities and the timing thereof, projected business performance, operating results, financial condition and other aspects of the company, expressed by such language as “expected,” “anticipated,” “projected” and “forecasted.” These statements also include estimates of the pace of customer adoption of the company’s products, engineering developments and prototype capabilities. Please be advised that such statements are intentions or estimates only and there is no assurance that the results stated or implied by forward-looking statements will actually be realized by the company, or that the company will be able to consummate its planned goals (including without limitation, a public listing of its securities). Forward-looking statements may be based on management assumptions that prove to be wrong. The Company’s predictions may not be realized for a variety of reasons, including due to inability to raise a sufficient amount of funds, a lack of marketability for the company’s securities, failure of business operations, competition, customer sales cycles, and engineering or technical issues, among others. The Company and its business are subject to substantial risks and potential events beyond its control that would cause material differences between predicted results and actual results, including the company incurring operating losses and experiencing unexpected material adverse events.
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