TECH - Knightscope (NASDAQ: KSCP) Achieves Major Milestone As It Becomes An Approved Provider For the U.S. Federal Government | Benzinga
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While crime has always existed in human society, the scale and threat of crime can arguably rise higher with advancements in technology. Just as how we fight wars has changed, so have the methods of crime. The economic cost of crime is astronomical; in the U.S. the cost of crime is over $2.5 trillion in a single year. Studies have shown that violent crimes against young people have also been rising. When looking at crime rates and the communal cost, it’s important to think about how modern technology can be implemented in solutions.
Knightscope (NASDAQ:KSCP), a technology company ushering in the dawn of Autonomous Security Robots (ASRs), has spent the last decade demonstrating the potential of robots in security to the country through a large-scale proof of concept. The company currently has a suite of products ranging from stationary Blue Light emergency systems to self-driving ASRs. The CEO of Knightscope, William Santana Li, has shared that the long-term goal is to build a wide range of technologies encompassing incognito small devices to robots that can patrol cities, highways – and everything in between. The CEO believes the company has completed phase 1 of the company's mission with over $30 million in lifetime revenue, ...