3) They don't want their "secret sauce" made publicly available.
That would both open them up to commercial competition, and make their product less reliable in court, as anti-Shotspotter experts would start figuring out how to effectively argue against the product's methodology.
In general I think technology like this should have to be fully transparent if it is used as the basis for public entities' decisions, but so far the arguments against that practice seem to have won out. For example, good luck getting source code or design documents to contest an automated red light or speeding ticket.