News Release
Tesla’s Optimus Robot Could Hit The Market by End of Next Year
MarketJar
Tesla's CEO Elon Musk revealed that its humanoid robot, Optimus, is still undergoing development but could potentially be available for sale by the end of next year. 1 Numerous companies have been exploring humanoid robots as a solution to potential labor shortages, particularly in industries like logistics, warehousing, retail, and manufacturing, where repetitive or hazardous tasks are common. Musk expressed his optimism regarding the readiness of the Tesla robot, suggesting that it might be capable of performing factory tasks by the end of this year. The concept of humanoid robots has been in the works for several years, with notable developments from companies such as Japan's Honda and Hyundai Motor's Boston Dynamics. More recently, Figure AI, a startup supported by Microsoft and Nvidia, announced a partnership with BMW to deploy humanoid robots in the automaker's U.S. facilities. Musk has previously indicated that robot sales could become a significant aspect of Tesla's business, potentially surpassing other segments like car manufacturing. However, Musk's track record with fulfilling ambitious promises has faced skepticism from Wall Street in the past. For instance, in 2019, he announced plans for Tesla to operate a network of autonomous "robotaxi" cars by 2020, which did not come to fruition. As the landscape of robotics continues to evolve with companies like Tesla exploring the potential of humanoid robots, another sector experiencing significant advancements is autonomous security robots. Knightscope, Inc. (NASDAQ:KSCP), a leader in this field, has recently announced major strides in its operations, highlighting its dedication to transforming the security industry through innovative technology solutions. Knightscope Expands Operations with New Deployments and Contract Wins Knightscope 's expansion efforts come at a time when the demand for advanced security solutions is on the rise. With evolving security threats and the need for proactive measures to mitigate risks, organizations are increasingly turning to autonomous technologies to enhance their security posture. 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. Since deploying its first Autonomous Security Robot (ASR) in May 2022, Knightscope has secured dozens of contracts across the US including a $1.2 million inventory replenishment order for its K1 Call Boxes, 2 and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices. 3 On April 30, Knightscope, Inc. (NASDAQ:KSCP) announced the deployment of 37 K1 Blue Light Towers at Rio Hondo College in California. Emergency communications play a vital role in campus safety by providing reliable, one-touch access to services such as police, fire and EMS. Those on campus can utilize the new Blue Light Towers in times of danger, personal crisis, medical emergencies, to report suspicious behavior or activities, or for accidents. In April, Knightscope reported revenue of $12.8 million for 2023, marking a 128% increase year-over-year. Net revenue from services increased by approximately $2 million to $7.2 million while net revenue from product sales increased by $5.2 million to $5.6 million in 2023. Revenue growth is driven primarily by full-year sales of Emergency Communication Devices, which were integrated into our product lines after the acquisition of CASE Emergency Management Systems. The company's success in winning these contracts can be attributed to its proven track record of delivering effective security solutions tailored to the unique needs of each client. By offering a range of services, including patrol, surveillance, and incident response, Knightscope ensures comprehensive coverage and peace of mind for its clients. As Knightscope continues to expand its footprint and attract new clients, the company remains dedicated to its mission of making the world a safer place. By leveraging the power of automation and artificial intelligence, Knightscope is revolutionizing security operations and setting new standards for safety and protection. For further information on Knightscope 's innovative solutions and projects, please visit Knightscope's website (NASDAQ:KSCP). Footnote: [1] https://www.reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/ [2] https://ir.knightscope.com/news-releases/news-release-details/correcting-and-replacing-knightscope-receives-inventory [3] https://ir.knightscope.com/news-releases/news-release-details/knightscope-lands-125-million-contract Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-kscp. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Knightscope, Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
May 02, 2024 07:30 AM Eastern Daylight Time
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