Knightscope Partners with Konica Minolta
2017年6月5日 - 08:00PM
ビジネスワイヤ(英語)
Company Secures $3 Million Strategic
Investment Commitment
Executes 3-Year Service Contract Providing
Infrastructure to Cover All 50 States
Commercializing Self-Driving Technology at
Scale with Autonomous Security Robots
Knightscope, Inc., developer of advanced physical security
technologies focused on significantly enhancing US security
operations, announced today that it has executed a commitment
letter for a $3 million strategic investment from Konica Minolta,
Inc. [TYO: 4902]. Konica Minolta has invested $1 million
immediately and has committed to invest an additional $2 million
upon achievement of certain milestones. This commitment is in
addition to the prior investment made in 2014. The capital is to be
invested in Knightscope’s current Reg A+ “mini-IPO” offering of
Series m Preferred Stock. Further terms were not disclosed.
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K7, K5, K3 (Photo: Business Wire)
The initial relationship was established between the parties by
Konica Minolta’s Business Innovation Center (BIC) which is driven
by “Giving Shape to Ideas.” The original proposition of leveraging
Konica Minolta’s service technicians in the U.S. to provide the
support infrastructure for Knightscope’s growth was envisioned and
architected in 2015, piloted in 2016 and successfully
operationalized in 2017. “Knightscope has demonstrated tremendous
growth on the cutting edge of the security industry.
Their autonomous capabilities and crime-deterring technology helps
further the robotics and AI sector, a key focus area for the Konica
Minolta Business Innovation Center,” said Ekta Sahasi, vice
president of the U.S. Business Innovation Center.
Concurrent with the investment, the parties also executed a
3-year service agreement to build on their existing operating
relationship. While the majority of all repairs and patches to
Knightscope machines may be successfully completed over-the-air
24/7, the agreement enables the Company to call on Konica Minolta
at times when a service technician is required to be on premise.
Knightscope and Konica Minolta have been operating together using
this model throughout California, Texas and Massachusetts. “This is
our year to begin scaling operations, and we are in process of
adding Florida, New York and Washington D.C. with a sales pipeline
that continues to strengthen every week. The team members at Konica
Minolta have been true professionals and, in a number of cases,
have gone beyond the call of duty to support Knightscope and our
clients. We are proud of our partnership as we drive to our
ambitious goal of cutting the $1 trillion annual negative economic
impact of crime on the U.S. literally in half. That would have a
material and positive impact on everything and everyone,” said
William Santana Li, chairman and chief executive officer,
Knightscope, Inc.
Investors interested in purchasing preferred stock in
Knightscope’s Reg A+ “mini-IPO” offering may now do so online at
SeedInvest: www.seedinvest.com/knightscope
About Knightscope, Inc.
Knightscope, Inc. is an advanced security technology company
that utilizes Software + Hardware + Humans to provide its
clients with new groundbreaking anomaly detection
capabilities. In an increasingly volatile world, we are
developing one of the most important technologies to come out of
Silicon Valley that will empower the public and private sectors to
proactively build stronger, safer communities, ultimately saving
money and lives. Crime has a $1 trillion negative
economic impact on the U.S. every single year and our long-term
mission is to cut it in half. Learn more at www.knightscope.com
About Konica Minolta
Konica Minolta is a global technology provider engaged in the
development, manufacturing and sale of multi-functional peripherals
(MFPs), printers, equipment for production print systems and
graphic arts, equipment for healthcare systems, measuring
instruments for industrial and healthcare applications, inkjet
print heads and textile printers for industrial use, and related
consumables and solution services. The company is also engaged in
the development, manufacturing and sale of electronic materials,
lighting source panels, functional films and optical products.
Konica Minolta has over 41,000 employees and operates in 150
countries. For more information, go to www.konicaminolta.com
SEC Disclaimer
An offering statement regarding this offering has been filed
with the SEC. The SEC has qualified that offering statement, which
only means that Knightscope may make sales of the securities
described by that offering statement. It does not mean that the SEC
has approved, passed upon the merits or passed upon the accuracy or
completeness of the information in the offering statement. You may
obtain a copy of the offering circular that is part of that
offering statement here. You should read the offering circular
before making any investment.
Forward-Looking Statements
This release may contain forward-looking statements regarding
projected business performance, operating results, financial
condition and other aspects of the company, expressed by such
language as “expected,” “anticipated,” “projected” and
“forecasted.” Please be advised that such statements are estimates
only and there is no assurance that the results stated or implied
by forward-looking statements will actually be realized by the
company. Forward-looking statements may be based on management
assumptions that prove to be wrong. The Company and its business
are subject to substantial risks and potential events beyond its
control that would cause material differences between predicted
results and actual results, including the company incurring
operating losses and experiencing unexpected material adverse
events.
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LMGPRDonna Loughlin Michaels, 408-393-5575