LiDAR-Camera fusion is revolutionizing autonomous driving by blending LiDAR’s depth perception with vivid camera data, setting a new standard for object detection accuracy. The World Electric Vehicle Journal highlights how this integration dramatically improves detection reliability, making autonomous vehicles smarter and safer. This technology also plays a significant role in security due to its ability to provide high accuracy, real-time tracking, and seamless integration with existing infrastructure. Knightscope, Inc. (NASDAQ:KSCP), an innovator in robotics and AI technologies focused on public safety, recently announced its LiDAR-based detection systems with integrated perception software to bolster perimeter security. At the same time, companies like Innoviz Technologies Ltd. (NASDAQ:INVZ), Ouster, Inc. (NYSE:OUST), Luminar Technologies, Inc. (NASDAQ:LAZR), and MicroVision, Inc. (NASDAQ:MVIS) are leveraging LiDAR for advancements in autonomous driving, robotics and security solutions.
Advanced public safety technology company Knightscope, Inc. (NASDAQ:KSCP) has continued to build cutting-edge technologies to improve public safety across America. The company has developed and deployed its Autonomous Security Robots (ASRs), blue light emergency communication towers and Automated Gunshot Detection systems across the US to protect people at airports, schools, hospitals, parking lots, entertainment venues, and other public places.
On July 16, Knightscope, Inc. (NASDAQ:KSCP) announced its new “Knightscope K1 Laser” product line, which uses LiDAR-based technology to detect people and objects and integrated perception software for enhanced situational awareness to provide elevated safety where people live, work, study and visit.
The K1 Laser device can be used on fixed infrastructure or in conjunction with Knightscope’s K1 stationary technology portfolio, which includes parking lots and structures, building interiors, university campuses, transit stations, and more. Knightscope K1 Laser clients will be able to overlay the lidar perception software for security applications, enabling improved detection and alarms supported by the company’s Risk & Threat Exposure (RTX) team. The K1 Lasers function in harsh weather and low or no light situations, consistently revealing advanced information that the 80+ million security cameras in the US cannot.
“Our Knightscope K1 Laser is designed to drive exceptional value from lidar systems, providing high accuracy in detecting, classifying, and tracking people, vehicles and objects,” said Knightscope, Inc. (NASDAQ:KSCP) Chairman and CEO William Santana Li. “Our products will also integrate with lidar-based perception software, which can reduce false alarms and missed events by as much as 95%, ensuring that we provide our clients with the highest levels of safety in covered areas with reliable monitoring and detections, especially for perimeter security.”
The expanded stationary product line will complement Knightscope‘s Autonomous Security Robots (ASR) business, which already employs LiDAR for navigation and object detection.
Earlier this year, Knightscope signed a Memorandum of Understanding (MoU) with Draganfly Inc. (NASDAQ:DPRO), an industry-leading drone solutions developer, to fully integrate Draganfly’s drone technology with Knightscope’s ASR technologies, creating a unified autonomous offering that reimagines public safety.
The integration of autonomous drones with ground-based robots and stationary emergency communication devices enhances safety by providing a comprehensive suite of public safety solutions. This synergy will improve situational awareness, enhance threat detection, and bolster crime prevention efforts, making public spaces safer through advanced, multi-layered security measures. The new technology will be incorporated into the Knightscope Security Operations Center (KSOC) user interface, offering clients aerial surveillance options that complement ground operations and provide real-time, adaptable responses to security incidents.
Click here for more information about Knightscope, Inc. (NASDAQ:KSCP).
Latest LiDAR Innovations and Financial Achievements in the Automotive Industry
On July 3, Luminar Technologies, Inc. (NASDAQ:LAZR) launched its Sentinel software suite, designed to accelerate the development of advanced safety and autonomous functionalities in vehicles. The Sentinel suite includes features like Proactive Safety, Perception, 3D Mapping and Localization, Simulation, and Dynamic LiDAR. Following five years of development, the full-stack software kits are set to ship to top automakers starting in the third quarter of this year. Luminar Technologies’ in-house software teams, along with partners like Scale AI and Applied Intuition, have focused on creating a toolkit for next-generation safety and autonomy for consumer vehicles. According to a study by Swiss Re, cars equipped with Luminar’s LiDAR and Sentinel software showed a 40% reduction in accident severity, highlighting the significant safety enhancements offered by this technology.
On June 26, Innoviz Technologies Ltd. (NASDAQ:INVZ) announced a collaboration with a major automotive OEM to enhance Level 4 (L4) autonomous driving capabilities by incorporating Innoviz’s new short-range LiDARs into the OEM’s platform. This agreement will integrate the short-range LiDARs, which feature high-resolution detection and a 90-degree vertical field of view, designed to meet the stringent requirements for light commercial vehicles, shuttles, robotaxis, and trucks. This collaboration is expected to lead to a series production nomination, pending agreement on commercial terms, and marks a significant step forward in advancing safe and powerful autonomous driving technologies.
In May, leading global provider of lidar sensors and software solutions Ouster, Inc. (NYSE:OUST) announced record-breaking financial results for the first quarter of 2024, with revenue reaching $26 million, a 51% increase year over year. The company reported a GAAP gross margin of 29%, a significant improvement from the -2% margin in the same period last year, and a record non-GAAP gross margin of 36%. Ouster shipped approximately 4,500 sensors, driving revenue growth primarily from large orders in the robotics and automotive sectors. CEO Angus Pacala highlighted the company’s continued advancement in next-generation hardware and software, aiming to extend Ouster’s competitive edge and move closer to profitability.
On May 9, MicroVision, Inc. (NASDAQ:MVIS) reported its first-quarter 2024 results, highlighting active engagement in high-volume global OEM RFQs for passenger vehicles and expanding revenue opportunities in industrial markets. The company is leveraging partnerships and licensing opportunities to accumulate non-dilutive cash and enhance its cash runway through disciplined fiscal management. Financially, MicroVision reported $1.0 million in revenue, primarily from MOVIA sensor sales, with a net loss of $26.3 million. The company ended the quarter with $73.1 million in cash and cash equivalents. CEO Sumit Sharma emphasized the company’s confidence in its LiDAR solutions and commitment to becoming a leading automotive OEM supplier.
On July 8, 2024, Knightscope, Inc. (NASDAQ:KSCP) announced three new contracts for its K1 Emergency Communication Devices to support public safety programs in South Boston, Virginia; Farmington, Pennsylvania; and Buffalo Grove, Illinois.
Click here for more information about Knightscope, Inc. (NASDAQ:KSCP).
Featured Image @ FreePik
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 set forth 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. has or expects to receive from Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) up to ninety-three thousand and ninety-nine USD for each 30 day (22 business day) period of campaign duration which is anticipated to be up to 365 calendar days (254 business days) as dictated by Knightscope, Inc.
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.
Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube
