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CASE Emergency Systems Acquired by Knightscope

October 11, 2022 by admin

Public Safety Innovator Continues Market Expansion with Growth Accelerator

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Knightscope, Inc. (Nasdaq: KSCP) (“Knightscope” or the “Company”), a leading developer of autonomous security robots, today announced the signing of a definitive agreement to acquire CASE Emergency Systems (“CASE”) and to close on the transaction during October. The acquisition is planned to boost the company’s revenues while increasing its positive impact on the safety of communities nationwide.

CASE is a leader in blue light emergency phones and an innovator in next generation wireless emergency communications technology, providing Knightscope with a strategic entry into a nationwide market. Audited full year results reflect CASE generated over $5.4 million of profitable revenue in 2021. The accretive transaction provides a significant increase in physical presence to Knightscope with over 7,000 devices currently deployed across the United States, 9 production and logistics facilities spread throughout California, Texas and New York, and a seasoned team located across 4 states.

The acquisition is planned to contribute to Knightscope’s sales strategy, given CASE’s relationships with numerous key clients, including major airports, top law enforcement agencies, universities, municipalities, rail, healthcare, parks, and the U.S. Federal Government. These relationships will compliment and strengthen Knightscope’s growing autonomous security robot business with a comprehensive product portfolio and broadened physical footprint.

The Knightscope management team intends to grow the Company organically as well as add to its core solutions portfolio through future, opportunistic acquisitions based on a target’s revenue, free cash flow, technology, talent, and facilities.

The CASE transaction is structured as an asset purchase. In connection with the acquisition, Knightscope entered into a convertible notes offering with an accredited investor, generating cash proceeds to fund a majority of the acquisition, with such notes having an initial conversion price of $5.00 per share, subject to adjustment in the case of certain dilutive issuances and other events. Further details regarding the acquisition and the convertible notes are included in a Current Report on Form 8-K filed with the SEC.

As part of the transaction, Sebastian E. Gutierrez, founder, president and CEO of CASE, is joining Knightscope as Sr. Vice President of Public Safety Infrastructure Development.

“In order to achieve our long-term mission of making the United States of America the safest country in the world, we must drive a massive upgrade to our Nation’s public safety infrastructure. Knightscope intends to do that by leveraging our current and future technologies in a major overhaul and expansion effort nationwide working closely with our clients – building on what CASE has built. We welcome the CASE team to the Knightscope family, and together we will accelerate our journey to a safer, brighter future with innovative technologies and comprehensive public safety solutions,” said William Santana Li, chairman and chief executive officer of Knightscope, Inc.

“CASE is excited to team up with Knightscope, and we see a great deal of synergies from revenue generation to new technology development to economies-of-scale. We look forward to putting our expertise in public safety, wireless communications, solar, and operations to work in pursuit of our shared mission,” said Sebastian E Gutierrez, president and chief executive officer, CASE Emergency Systems.

About Knightscope

Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about the Company at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

About CASE Emergency Systems

Since 2008, CASE Emergency Systems has been providing peace of mind through leading-edge communications and safety technologies. Its mission from the beginning has been simple: To develop and maintain innovative and reliable products for educational campuses, office parks, transportation authorities, public safety industries, and the thousands of people they serve. In doing so, its goal is to build long-term relationships that further people’s safety in all the places they live, work, play, and visit by ensuring that access to help is right at their fingertips. Learn more at www.CASEemergencysystems.com

Forward-Looking Statements

This press release may contain ”forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects, including statements regarding the closing and related benefits of the acquisition of CASE. Such forward-looking statements can be identified by the use of words such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” ”proposes” and similar expressions. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2021. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements except as may be required by law.

Contacts

Public Relations:
Stacy Stephens
Knightscope, Inc.
(650) 924-1025

Corporate Communications:
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

Filed Under: News

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What others are saying

As a Vendor in the Emergency Callbox Realm, I find CASE Emergency Systems to be one of the most efficient and well thought-out product lines that I deal with in the 911 industry. Their Callboxes and Emergency management systems are second to none. Engineered to be backward compatible the reliability will stand the test of time. I personally promote their products because they are nearly bomb proof! Their customer service and small business feel helps you to meet your priorities. Without a doubt I recommend you look into CASE Emergency Systems for any of your Safety/911 needs.

Lee Novotny
President/Owner, Stream Speed Technologies, LLC
 

Thank you everyone, this means a lot to my department as we work toward improving public safety and officer safety. Every person who calls us from a phone box at the bottom foot paths lowers the chance of harming themselves and us getting harmed as we work to help them.

Ryan Hall
Staff Sergeant, Delta Police Department
 

I cannot say enough about CASE Emergency Systems and our working relationship with them. We are early in the process, but are implementing a 3-year plan to replace our 24 existing phones and add 18 more. The simplicity of installation, the automatic daily self-diagnostic reports, the low maintenance, and the company’s overall service are outstanding. Our current project and initial installations are our first use of CASE products. They are excellent on all counts, and we will continue to use CASE Emergency Systems into the foreseeable future.

Randal Duke
Emergency Management Coordinator, University of Texas at Tyler
 

The phones are simple to use. One need only open the call box and follow the 4-step instructions. These are a unique and valuable asset to the County, and we hope that individuals will recognize their value and help us maintain and protect them so if and when they are needed, they can serve members of and visitors to our great community in times of need.

John Higley
Emergency Management Coordinator, Iron County
 

Thank you for the phones. They work flawlessly, and the members love them.

Dave Kardos
Burning Tree Country Club
 

Since the Call Box has been installed we have had two medical calls which were critical cases. Thanks to the Call Box Law, medical aid was at location in 10 minutes or so. In the past with no cell coverage folks had to drive out of the canyon… This would add about 30 minutes to the response time. We believe lives were saved due to the Call Box.

John Gulserian
Program Manager, Nevada County Office of Emergency Services
 

The Iron County Sheriff’s Office is very excited about the addition of these satellite phones in these remote locations. This will help all emergency services in Iron County to rapidly respond to emergencies where there is little or no cell phone coverage.

Mark Gower
Iron County Sheriff
 

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Contact Info

CASE Emergency Systems, Inc.
5 Goddard
Irvine, CA 92618

949.988.7500
info@casees.com

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CASE Emergency Systems Acquired by Knightscope

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