RoboCop may be closer than you think as manufacturer gets set to IPO
Published 11-OCT-2019 12:22 P.M.
4 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Back in 2014, following the release of the Robocop reboot, Wired magazine wrote that we are 100 years away from seeing a real robotic cop in action.
While some may sigh in relief, the technology is pretty damn awesome.
Angela Watercutter, author of the Wired article wrote: Turns out we just don't have the battery power to operate a suit with that many moving parts for any length of time. Most iPhones barely last a full day on a charge, and a Tesla Model S can only make it about 300 miles before it needs to be plugged in—and that battery weighs more than 1,300 pounds (and is likely incapable of keep a human's organs running while being shot at).
"That's one serious limitation that our technology is not approaching yet," says Charles Higgins, an electrical engineer and professor of neuroscience at the University of Arizona. "In order to do a real RoboCop like you see in the movie, you need to have a very compact power source that's going to power all those motors all day—it doesn't look like RoboCop has to plug in every hour."
Fast forward two years and the Guardian reported that an egg-shaped robot was the news sheriff at a California shopping centre.
The idea for robot security gestated in response to the Sandy Hook elementary school shootings.
Former Dallas police officer, Stacy Dean Stephens, was at a board meeting of the not-for-profit International Association of Chiefs of Police (IACP), and found out that if the police had reached the scene just 60 seconds earlier they could have saved at least 12 more lives.
The issue was intelligence gathering.
“That was a problem we felt was definitely worth solving. And the only way to gain accurate intelligence is through eyes and ears,” he said. “So, we started looking at different ways to deploy eyes and ears into situations like that.”
Stacey co-founded Knightscope, which leases out robots as security aids.
They look more like Daleks than RoboCop...
...but given the progress we may be closer to a robotic cop than first thought.
Knightscope has come along since then.
It now designs, engineers, builds, deploys and supports award-winning crime-fighting fully autonomous security robots and offers them on a Machine-as-a-Service (MaaS) business model in the United States.
The robots are a unique combination of self-driving technology, robotics and artificial intelligence and are manufactured at Knightscope’s Silicon Valley headquarters.
Over 6,000 investors have backed Knightscope, which has raised over $40 million in equity financing since it was founded in April 2013. It now operates across 15 states and 4 time zones operating autonomously – every day all day.
Knightscope is currently in the midst of an IPO.
The company is looking to raise US$50 million, with a minimum investment of $1000.
However there are problems.
When a fight broke out in Huntington Beach this week, one concerned citizen ran to the police robot and pressed the emergency button.
“I was pushing the button but it said, ‘step out of the way,’” Cogo Guebara said. “It just kept ringing and ringing, and I kept pushing and pushing.”
Very RoboCop indeed.
Except nothing happened until someone dialled 911 and the police rocked up 15 minutes later after the damage had been done.
ABC News writes, “Amid the scene, the robot continued to glide along its pre-programmed route, humming an intergalactic tune that could have been ripped from any low-budget sci-fi film. The almost 400-pound robot followed the park’s winding concrete from the basketball courts to the children’s splash zone, pausing every so often to tell visitors to ‘please keep the park clean’.
The problem with the robot: the button isn’t yet connected to the police department.
There have been further tribulations. A K5 robot patrolling around an office complex in Washington, D.C., ended up falling into a fountain and another struck a toddler at a shopping mall in Silicon Valley.
There is clearly a lot of work to do. However, we may not be 100 years away from seeing a real robot police officer.
Certainly, the first steps have been taken.
“You’re move creep!”
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.