Knightscope, Inc. (NASDAQ: KSCP) experienced a significant boost in its stock price after securing a major purchase order. On Thursday, Knightscope shares rose by 13.56%, closing at $6.70, reflecting heightened investor confidence in the company’s recent business developments.
The surge was driven by the announcement that Knightscope’s Authorized Partner, Transportation Solutions & Lighting, Inc. (TS&L), issued orders for 37 Emergency Communication Devices (ECDs), to be installed at various facilities in Georgia and Florida, and for inventory replenishment.
Expanding Safety Measures in Educational Institutions
Among the new orders, a university in Florida made its first purchase of 20 K1 Blue Light Towers and 10 K1 Blue Light E-Phones. These devices are designed to enhance access to emergency services across the campus, offering students and staff peace of mind with their distinctive blue illumination.
The K1 Blue Light Towers serve as a reliable tool during emergencies, providing immediate assistance even when cellular networks are congested or power outages occur. Their 24/7 functionality in all weather conditions ensures consistent emergency support, which cannot always be guaranteed through personal cell phones.
Medical Center Strengthens Campus Safety
Additionally, a not-for-profit medical center in South Georgia, recognized for meeting the highest safety standards as set by the U.S. Centers for Medicare and Medicaid Services, placed an order for four K1 Blue Light Towers.
These will be installed throughout the campus to enhance patient care and provide a secure environment for both patients and healthcare professionals. The inclusion of these devices underscores the center’s commitment to prioritizing safety for all individuals on-site.
Versatile Emergency Solutions for Varied Environments
KSCP’s ECDs are designed with flexibility in mind, capable of being installed either as hardwired or wireless solutions. This versatility makes them ideal for educational institutions and healthcare facilities.
While the Blue Light Towers are perfect for large outdoor areas, such as campuses and remote locations, the Blue Light E-Phones are suited for indoor or confined spaces, such as parking lots, where they can be mounted to comply with accessibility standards. In anticipation of future demand, TS&L also placed an additional order for three more K1 Blue Light Towers to hold in inventory.
