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Business Roundtable


Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business.

BRT 2.0 looks at the new trends in business, and how classic industries are evolving. We Profile the current Players weekly in an Interview format to give you an inside look, to learn from their own experiences.

Popular Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech (AI, VR, Biotech, Chips, Electric Battery), Blockchain / Crypto, Real Estate, Legal, Vehicles, Franchising, Farming, Sales, Charity 

 

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May 25, 2022

BRT S03 EP21 (120) 5-22-2022 –

Fighting Crime & Providing Security using AI Robots by Knightscope w/ William Santana Li

 

What We Learned This Week

  • Knightscope makes AI Security Robots that monitor business & provide a physical deterrence to lower crime
  • Knightscope security robots bring peace of mind 24/7/365 & have already logged over 1 mil hours of service with paying clients across the U.S. in busy parking lots/structures, shopping malls, hospitals and corporate campuses
  • More coverage, at a lower price. Augment your existing security program at a fraction of the average rate for one 24-hour security post
  • Robot Roadshow – go see the AI Security Robots as Knightscope is doing a national tour
  • Li has a tech & automotive background, held multiple business and technical positions at Ford Motor Co across 4 continents, including COO of Greenleaf, an automotive recycler

 

 

 

Guest: William Santana Li - CEO of Knightscope

https://www.knightscope.com/management/

https://www.linkedin.com/in/williamsantanali

 

Knightscope – started 2013, shipped first robot in 2015, went public (IPO) Jan. 2022, ticker symbol KSCP, Founded by William Santana Li, CEO (former Ford Exec), and Stacy Stephens, Exec VP (former law enforcement in Texas)

 

Knightscope – More coverage, at a lower price. Augment your existing security program at a fraction of the average rate for one 24-hour security post. The Autonomous Security Robots (ASRs) are Made in the USA – Designed and Built in Silicon Valley by Knightscope – and offer security patrols as well as a physical presence that deliver real-time, actionable intelligence anytime and anywhere, giving you and your security team the ability to detect and react faster.

 

Knightscope security robots bring peace of mind 24/7/365 and have already logged over 1,000,000 hours of service with paying clients across the U.S. in busy parking lots/structures, shopping malls, hospitals and corporate campuses. Let them bring that experience to your doorstep. Eye-level, mobile surveillance provides unprecedented deterrence capabilities, increased awareness with a conspicuous physical presence, and high-quality evidence to prosecute criminals. The results speak for themselves.

 

Models:  K1       K3      K5      K7          

 

William Santana Li, Chairman and CEO

William (“Bill”) Santana Li has served as our Chairman and Chief Executive Officer (“CEO”) since April 2013. Mr. Li is an American entrepreneur with over 30 years of experience from working in the global automotive sector and founding and leading a number of startups. From 1990 to 1999, Mr. Li held multiple business and technical positions at Ford Motor Company across four continents.

 

His positions at Ford ranged from component, systems, and vehicle engineering with the Visteon, Mazda, and Lincoln brands; to business and product strategy on the United States youth market, India, and the emerging markets in Asia-Pacific and South America; as well as the financial turnaround of Ford of Europe. In addition, he was on the “Amazon” team, which established an all-new modular plant in Brazil. Subsequently, he served as Director of Mergers & Acquisitions.

 

After internally securing $250 million in financing, Mr. Li founded and served as COO of GreenLeaf LLC, a Ford Motor Company subsidiary that became the world’s second largest automotive recycler. Under his leadership, GreenLeaf grew to more than 600 employees, 20 locations worldwide, and annual sales of approximately $150 million. At the age of 28, Bill was the youngest senior executive at Ford Motor Company worldwide.

 

After successfully establishing GreenLeaf, Mr. Li was recruited by SoftBank Venture Capital to establish and serve as the President and CEO of the Model E Corporation, a newly established automobile manufacturer that focused on the “Subscribe and Drive” model in California. Mr. Li also founded Carbon Motors Corporation in 2003, and as its Chairman and CEO until February 2013, focused it on developing the world’s first purpose-built law enforcement patrol vehicle.

 

Mr. Li earned a BSEE from Carnegie Mellon University and an MBA from the University of Detroit Mercy.

 

 

Notes:

Motivated by Sandy Hook school shooting (2012)

First robot shipped 2015

Lower crime with robots, physical deterrence

IPO 1/2022 – mostly crowd funding vs. VC money

Four robot models – cost of $7 / hr.

Car has 14K part, robots have a lot less – 1000

Crawl, walk, run –

Attitude towards scale

Autonomous security robot (ASR)

 

From NY, still affected by 9/11, very concerned with security.

Assists guards at locations 24/7

Robot is the height of a person, moves at walking speed

Robots patrol 24/7, take breaks every 3 hrs for charging. Charging stations at doc station, but still monitoring.

 

Self driving, autonomous, EV, AI, can operate in the rain.

Lasers and sonar with 360® video Hi-def at high level.

Cost effective at $7 /hr.

Security industry – high level turnover

On boarding – voices, gender, specific set-up for each robot

 

Four robots – 3 in production, 1 in development

No Sci-Fi Killer Robots

K5 – most popular and used outside, 5 ft.

K3 – smaller version, 4 ft.

K1 – stationary, larger. Hospitals, malls, casinos, parking structure, HOA

Mission to secure country.

First rule of government is to protect people

Will lower security and damage costs

Knightscope is a tech/security company.

Department of Defense $800 billion and 2 million staff

Government needs help with security - issue and opportunity

Cost and capabilities – costs going down and capabilities going up. Sensor cost has dropped from $30K to $4K.

Do not sell robots, rent them.

Knightscope does monthly updates

Needs to be affordable – cost $3-9/hr

Luxury model at lower cost

Saas margins

L/T – more robots and security. Robots will be larger (autonomous vehicle) and smaller

Schools, factories, property

Has 1 million hours in the field

Kinghtscope.com – video samples and demo button, crime page

Casino example: facial recognition to identify people tossed in past, 3 identifiers.

May need a few robots for particular site and needs, then robots are tailored.

L/T could save money on insurance

V/R walk through of site through Knoghtscope robot – real time risk assessment

Per William – future possibilities:

Insurance lower, crime lower, property is worth more, public safety

Robot Roadshow – go see the robots as Knightscope is doing a national tour.

https://www.knightscope.com/roadshow/

 

 

 

BRT Flashback Clip - BRT S01 EP33 9-20-20 -

Topic: Business can be Complicated from A.I. to AML

 

Guest: John Cassara, former Federal Agent 

http://www.johncassara.com/index.html

 

Former Gov't Agent on AML (Anti-Money Laundering), illegal activity by criminals, common forms of AML, and tales from his past working for the US Government, undercover assignments, and giving testimony to Congress.

 

John's Newest Book:

Money Laundering and Illicit Financial Flows: Following the Money and Value Trails is the first book to take a hard look at our anti-money laundering (AML) track record. Written primarily from a law enforcement perspective, the book examines old and new money laundering methodologies. It exposes threats, enablers, and facilitators. Making the case for an AML paradigm shift, the book offers alternative steps forward. Combining facts, straight-forward explanations, case studies, as well as the author's personal experiences, views, and commentary, this book is valuable to the public and private sectors, policy makers, as well as students and concerned citizens.   Now available via Amazon in both print and electronic versions.

 

Bio:

John Cassara retired after a 26 year career in the federal government intelligence and law enforcement communities. He is  considered an expert in anti-money laundering and terrorist financing, with  particular expertise in the areas of money laundering in the Middle East and  the growing threat of alternative remittance systems and forms of trade-based  money laundering and value transfer. He invented the concept of international “Trade Transparency Units,” an innovative countermeasure to entrenched forms of  trade-based money laundering and terrorist financing. A large part of his career was spent overseas. He is one of the very few to have been both a clandestine operations officer in the U.S. intelligence community and a Special Agent for the Department of Treasury.

 

 

Notes:

Matt had mentioned Ozark.  A few years ago John was interviewed by the Ozark producers for a Netflix show promo.  Here is the link to the 3 minute promo video.  The questions are general in nature and set the stage for what money is and why it is important.

https://video.vice.com/en_us/video/vice-dirty-money-in-partnership-with-netflix/5b87150ebe40775c980219a2

 

 

Here is also a link to John Cassara testimony before the Senate Judiciary Committee about why money laundering efforts are failing.  The testimony might appeal to a business audience.  Anti-money laundering compliance costs for U.S. and Canadian financial institutions are over $30 billion a year - about 10 x the amount we recover annually from criminals. 

https://www.judiciary.senate.gov/imo/media/doc/Cassara%20Testimony.pdf

 

Additional Info on John Cassara website w/ articles, etc.: 

www.JohnCassara.com 

 

FULL SHOW: HERE

 

 

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

 

Best of Tech:

https://brt-show.libsyn.com/size/5/?search=best+of+tech

 

 

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

 

 

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

 

Legal Topic: https://brt-show.libsyn.com/category/Legal-Asset+Protection-Estate+Planning

 

 

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Business Roundtable with Matt Battaglia

The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.