Knightscope, Inc. (NASDAQ: KSCP) Strengthens Management Team to Drive Innovation as Market Expansion Continues
- Knightscope, a leader in the development of autonomous security capabilities, and known for its respect of diversity in company governance and management, has expanded its management team by promoting Doris Lam, Jason M. Gonzalez, Ronald J. Gallegos, and Ryan J. Fanciullo
- The newly promoted executives will help drive Knightscope’s product innovation and sales growth in support of the company’s continued market expansion, with the company celebrating the deployment of a K5 ASR with one of the largest finance companies in the U.S.
In its 2022 State of Protective Intelligence Report, which surveyed security professionals, legal officers, compliance officers, and corporate attorneys at U.S. companies with more than 5,000 employees, the Ontic Center for Protective Intelligence (“OCPI”) noted that 88% of the respondents maintain that their companies are experiencing a substantial uptick in physical threat activity that is expected to grow even further as the year progresses (https://nnw.fm/nRZuw).
Eighty-five percent of the respondents also believe the physical threat landscape has dramatically changed and expanded compared to the beginning of 2021. In fact, in its 2021 report, OCPI noted that only 64% of the respondents acknowledged their companies were experiencing a rise in physical threat activity. As a result of the reported shift, 85% of the respondents note that 2022 represents a turning point as their companies will now begin to prioritize physical security, a domain in which Knightscope (NASDAQ: KSCP) has established itself as a leader thanks to its solutions’ autonomous security capabilities.
Established in 2013, Knightscope builds autonomous security robots (“ASRs”) that detect, deter, and report crimes. The Silicon-valley based company currently offers three types of security robots: the K1, a stationary machine suitable for both indoor and outdoor spaces and optimized for small areas; the K3, an indoor mobile ASR; and the K5, a fully outdoor security robot.
The ASRs are proving useful to companies around the country, with Knightscope most recently announcing the deployment of a K5 ASR with a Fortune 500 company located in Charlotte, North Carolina. Knightscope’s newest client – one of the largest finance companies in the country – added the K5 ASR to complement its already strong security program, providing an even safer environment for its employees and customers (https://nnw.fm/ixoE7).
This announcement follows Knightscope’s deployment of two K5 ASRs at two locations last month – the California Credit Union (https://nnw.fm/EFGGJ) and a twin-tower office complex in Silicon Valley (https://nnw.fm/HxTRS).
In support the innovation that drives this ongoing expansion, Knightscope recently expanded its management team by promotions from within, to “better equip the company for long-term growth plans.” The company promoted Doris Lam, Jason M. Gonzalez, Ronald J. Gallegos, and Ryan J. Fanciullo to the positions of VP Finance, SVP Client Development, VP Client Experience, and VP Operations, respectively, to capitalize on the company’s ongoing momentum (https://nnw.fm/Ke3Lo).
“I am so excited that we have such a seasoned and dedicated team leading Knightscope, and I wish to thank all of them for their absolutely relentless efforts,” commented KSCP Chairman and CEO William Santana Li. “We have a long road ahead of us, but I have had the honor and privilege of working with these outstanding individuals for years, and I am bullish about the future because of them.”
For more information, visit the company’s website at www.Knightscope.com.
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