Technology Innovators Developing Smart Parking Enforcement Feature

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, is leveraging technology to improve public safety across the country using Amazon Web Services (AWS).

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Knightscope Building on Results to Deliver New Solutions for Parking and Public Safety on AWS (Graphic: Business Wire)

INNOVATION IN PUBLIC SAFETY

In Huntington Park, California Knightscope’s K5 Autonomous Security Robot (“ASR) helped reduce calls for service by 10% and crime reports by 46% during its first year of deployment. The City Council subsequently voted unanimously to extend their contract and has recently awarded Knightscope a contract for its 5^th year of service. Knightscope leveraged nearly a dozen AWS services to support this project. Amazon Elastic Compute Cloud (Amazon EC2) was used to create a scalable environment that could expand to meet increasing demand. Amazon CloudTrail helped simplify security analysis, resource change tracking, and troubleshooting.

"We have had a great experience integrating the K5 into our City resources, and it’s been very beneficial in expanding the police department’s ability to monitor public spaces, enhance the public safety element and improve the perception of our community," said Cosme Lozano, chief of police, Huntington Park Police Department.

New York City's Mayor and NYPD Commissioner recently announced that Knightscope's K5 security robot will be used to patrol a Manhattan subway station this summer. This autonomous system will support the NYPD, enabling officers to spend more time engaging and interacting with community members. If the ASR observes anything of concern, it can immediately notify officers who can respond.

SMART PARKING ENFORCEMENT

In addition to public safety, Knightscope’s solutions benefit residents, visitors, and cities trying to manage an increasing demand for limited parking. Parking in densely populated areas is at a premium, especially in city centers and residential areas, making them ripe grounds for criminal activity. Spaces intended for vehicle parking are also facing competing uses such as ride hailing services, pick-ups and drop-offs for on-demand delivery, shared bikes and scooters, and even special events. This often causes a loss of revenue for fee-based parking institutions and undue stress and hostility among drivers looking to temporarily stop their vehicle.

According to Market Data Forecast, parking management and smart mobility in North America is expected to grow with a CAGR of 10.8% between 2022 – 2027. McKinsey & Company reports 868 vehicles per 1,000 capita in the United States, making the need for safe parking areas even more crucial to the transportation system. A robust security program has many layers that must begin at a site’s outermost perimeters and parking lots. Knightscope’s ASRs provide an early warning to those considering nefarious activities that there are advanced technologies protecting the entire area. The Company’s systems have been helping to reduce crime where deployed in these areas since 2015, with many of its client-reported-successes and statistics documented here on the Company’s website.

“Parking continues to be a challenge in large metro areas, and enforcing laws, codes and rules associated with parking is more complex today with EVs, bike lanes, alternating lanes, and more,” said William Santana Li, chairman and chief executive officer, Knightscope, Inc. “We’re excited to build on our previous success in autonomous work to help cities manage this evolving challenge and look forward to releasing the all-new Smart Parking Enforcement feature in 2024.”

Through the use of autonomy, robotics, and machine learning, Knightscope is continuing to innovate on AWS to bring more autonomous solutions to its clients. “AWS enables us to build and scale our applications on infrastructure architected to be the most secure cloud computing environment available today,” said Li. “Over the years we have used various AWS services such as Amazon EC2 and Amazon DocumentDB. Now, we are excited to expand our work and take advantage of AI services AWS offers.”

Future efforts include plans to provide a fully automated audit of EV charging, VIP, reserved and general parking available, and more, yielding a safer and more convenient experience for guests. Autonomous systems can conduct the monotonous and computationally heavy work, freeing up the human operators for decision making and enforcement work.

“At AWS we are customer obsessed and always focus on innovating on behalf of our customers,” said Ryan Reynolds, Transportation and Justice and Public Safety Manager at AWS. “Knightscope has been an AWS customer for over a decade, and we are proud they have chosen to use AWS to continue building innovative solutions that help keep cities safe and accessible.”

Discover how we can help your facility at www.knightscope.com/discover.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, X (formerly Twitter), LinkedIn and Instagram.

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company’s profitability and growth. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

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