Hello Everyone,
Experts have warned us that AI is coming for our jobs for years…
But most people assumed it was a problem for the future generation and pushed the idea aside.
That is, until generative AI titan ChatGPT blasted onto the world stage and upended the way we perceive the future.
ChatGPT gave the world an acute awareness that AI dominance isn’t a future fantasy — it’s a present reality.
But ChatGPT is just the tip of the AI iceberg.
AI-powered robots are also taking the world by storm.
Billions of dollars are being spent to develop new groundbreaking robots across limitless industries ranging from healthcare to IT.
Robot startup Figure AI – valued at $2.6 billion – has raised $675 million from investors like Jeff Bezos, Microsoft and NVIDIA.
Honda and Hyundai Motor's Boston Dynamics are developing humanoid robots.
Tesla is looking to launch its Optimus robots by the end of 2025.
It’s not just car manufacturing.
Robots are also proving to be indispensable as public servants.
And there’s one AI security robotics stock that’s leading the global security robots market, which hit $32 billion in 2021 and it’s expected to grow at an impressive CAGR of 17.65% to reach nearly $120 billion by 2030.
This company could potentially be the most undervalued stock on the NASDAQ, trading at under 50 cents with a market cap of $47 million.
Knightscope, Inc. (NASDAQ:KSCP), a cutting-edge security technology company located in the heart of Silicon Valley.
The company manufactures ASRs (Made in America) equipped with state-of-the-art technology capable of deterring, detecting, and reporting crime.
When you look at the numbers, it becomes glaringly clear how important these robots are to public safety in the US.
Right now, there are over 331 million Americans. Yet, there are only 660,288 full-time law enforcement officers and just over a million security guards—roughly one protector for every 200 people.
In 2022, there were over a million violent crimes reported across the US.
But, only about 41.5% of violent crimes are reported, so it’s much higher than FBI stats show.
One protector for 200 people simply isn’t enough.
That’s why Knightscope, Inc. (NASDAQ:KSCP) has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses.
With HD 360 recording, thermal cameras and a public address speaker, ASRs provide additional eyes, ears and a voice to law enforcement - covering more ground and keeping the peace during all hours.
According to InvestorPlace, Knightscope could be a surprise hit among must-own AI stocks.
Knightscope has been given the green light by the US Government, being awarded Authority to Operate. This authorization from the Federal Risk and Authorization Management Program (FedRAMP) is a massive win that makes this company’s cutting-edge technology available to federal agencies.
But that isn’t the only exciting news this company has shared in recent months.
Knightscope (NASDAQ:KSCP) has inked dozens of major deals across the country - including 18 new contracts in April 2024 valued at over $1 million - this is in addition to a 128% increase in revenue for 2023.
It caught the attention of investment banking and equity research firm Ascendiant Capital Markets analyst Edward Woo, who highlighted the company’s Q3 wins as a sign of what’s to come in 2024 in a recent research report.
Some notable deals Knightscope include a $1.2 million inventory replenishment order for its K1 Call Boxes, and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices.
Knightscope (NASDAQ:KSCP) also completed a pilot contract with the New York Police Department (NYPD) for a K5 robot to patrol a Manhattan subway station with the support of the Metropolitan Transportation Authority (MTA).
According to the New York Times and a New York City spokesperson, it is on track to be deployed at another location.
Some of the other big-name clients utilizing Knightscope’s (NASDAQ:KSCP) technology include:
- Port Authority New York New Jersey
- Penn Entertainment
- University of Tennessee
- New York City Fire Department (FDNY)
- San Bernardino County Transportation Commission (SBCTC)
- San Luis Obispo Council of Governments (SLOCOG)
- Orange County Transportation Authority (OCTA)
- Ventura County Transportation Commission (VCTC).
Knightscope’s Florida-based reseller Transportation Solutions & Lighting (TS&L) also purchased 40 K1 Blue Light Towers to support its growing emergency communications business.
If that’s not enough, Knightscope (NASDAQ:KSCP) just began sales of its Automated Gunshot Detection (AGD) technology to cut the response time to dangerous situations down to two seconds!
READ THE FULL REPORT HERE: https://www.insiderfinancial.com/profile/knightscope
Sincerely,
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