News ReleaseNASA Aims to Deploy Humanoid Robots in Space
MarketJar
As technology progresses, the idea of humanoid robots in space becomes more feasible. NASA’s Valkyrie, a humanoid robot designed for damaged or degraded environments like natural disasters, is being tested at the Johnson Space Center in Houston. But one day, the group plans to extend the capabilities of such robots to space missions. According to engineers, with the right software, humanoid robots will eventually be able to function similarly to humans and use the same tools and equipment, allowing them to potentially handle risky tasks outside the spacecraft so astronauts can prioritize exploration and discovery. Shaun Azimi, NASA Dexterous Robotics Team Leader, clarifies that the goal is not to replace human crews but to relieve them of mundane, dangerous tasks. NASA is actively involved in designing humanoid robots called "Robonauts," with a history in space exploration, including Robonaut2 (R2) sent to the International Space Station in 2011. Collaborating with Apptronik, a Texas-based robotic company, NASA aims to transfer insights gained from space-oriented robots to benefit their terrestrial counterparts. Apptronik's creation, Apollo, initially designed for warehouses and factories, is adaptable to various applications. Jeff Cardenas, CEO of Apptronik, sees Apollo progressing from warehouses to retail and delivery, eventually into "unstructured spaces," which may include outer space. Amidst the fast evolution of technology, humanoid robots pushing the boundaries of space exploration are not the only innovative advancements on the horizon. Companies like advanced public safety technology provider Knightscope, Inc. (NASDAQ:KSCP) are already deploying advanced autonomous robots into the workforce that help protect the places people live, work, study and visit. Knightscope focuses on leveraging cutting-edge technology, including robotics, artificial intelligence, and predictive analytics, to enhance the efficiency of security operations. The company's innovative line of autonomous security robots serves a variety of industries, providing 24/7 monitoring and threat detection capabilities. Knightscope Secure U.S. Federal Government Approval On January 3, Knightscope announced that it has received its Authority to Operate (ATO) from the Federal Risk and Authorization Management Program (FedRAMP). FedRAMP is a government-wide initiative that offers a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. Knightscope was sponsored by the U.S. Department of Veterans Affairs for its first application in the federal sector. This milestone signifies that Knightscope, Inc. (NASDAQ:KSCP) is on track to be featured on the FedRAMP Marketplace as an approved provider for federal agencies, paving the way for the initiation of deployment processes to fulfill the contract awarded by the VA for its inaugural K5 ASR. “The multi-year effort to acquire the ATO showcases the relentless nature of the Knightscope team and significantly increases the TAM (Total Addressable Market) that the Company can serve,” said Knightscope Chairman and CEO, William Santana Li. “Now it is time to build on that momentum as we continue to execute our multi-phase Roadmap.” Following a string of positive news, including a significant uptick in Q3 2023 revenue, Ascendiant Capital Markets LLC released an updated research report on Knightscope, highlighting the company’s recent wins and its future potential. Ascendiant noted that "the company’s solid execution and sales wins drove strong [Q3] revenue growth” and expects that strong growth over the next year and AI assets will “drive the stock much higher.” On November 13, Knightscope announced its fiscal Q3 2023 results ending September, reporting a revenue of $3.3 million, marking a 156% year-over-year increase and surpassing the estimated $3.0 million. The full report from Ascendiant Capital Markets analyst Edward Woo can be found here. For further information on Knightscope's innovative solutions and projects, please visit Knightscope's website (NASDAQ:KSCP). 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. 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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. 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January 10, 2024 12:31 PM Eastern Standard Time
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