New Mexico Department of Transportation Expands Use of Rekor Discoverâ„¢ Through Pay-for-Data Distribution Model
Rekor Systems (NASDAQ: REKR) announced that the New Mexico Department of Transportation (NMDOT) has expanded its use of Rekor Discoverâ„¢ and Edge Series systems in Phase Two deployment, following the success of Phase One announced in January 2024. The AI-driven traffic analytics technology has gained significant traction across multiple U.S. states, including Florida, Georgia, Colorado, Maryland, South Carolina, and New York.
The technology offers a safer and more efficient alternative to traditional traffic analysis methods like rubber tubes and piezo sensors, which are prone to failure and require disruptive installation. Rekor Discoverâ„¢ uses roadside AI with high-resolution video streams for accurate traffic data collection, featuring easy installation and third-party deployment capabilities.
This expansion demonstrates the platform's scalability both domestically and internationally, as traffic data collection is essential for transportation planning across all 50 U.S. states and numerous countries globally.
Rekor Systems (NASDAQ: REKR) ha annunciato che il Dipartimento dei Trasporti del Nuovo Messico (NMDOT) ha ampliato l'uso di Rekor Discoverâ„¢ e dei sistemi Edge Series nella Fase Due di implementazione, dopo il successo della Fase Uno annunciato a gennaio 2024. La tecnologia di analisi del traffico guidata dall'IA ha ottenuto un notevole riscontro in diversi stati degli Stati Uniti, tra cui Florida, Georgia, Colorado, Maryland, Carolina del Sud e New York.
Questa tecnologia offre un'alternativa più sicura ed efficiente rispetto ai metodi tradizionali di analisi del traffico, come tubi di gomma e sensori piezoelettrici, che sono soggetti a guasti e richiedono installazioni invasive. Rekor Discover™ utilizza l'IA roadside con flussi video ad alta risoluzione per una raccolta dati sul traffico precisa, presentando un'installazione facile e capacità di distribuzione di terzi.
Questa espansione dimostra la scalabilità della piattaforma sia a livello nazionale che internazionale, poiché la raccolta di dati sul traffico è essenziale per la pianificazione dei trasporti in tutti i 50 stati degli Stati Uniti e in numerosi paesi a livello globale.
Rekor Systems (NASDAQ: REKR) anunció que el Departamento de Transporte de Nuevo México (NMDOT) ha ampliado el uso de Rekor Discoverâ„¢ y los sistemas Edge Series en la Fase Dos de implementación, tras el éxito de la Fase Uno anunciado en enero de 2024. La tecnologÃa de análisis de tráfico impulsada por IA ha ganado una considerable aceptación en varios estados de EE. UU., incluyendo Florida, Georgia, Colorado, Maryland, Carolina del Sur y Nueva York.
La tecnologÃa ofrece una alternativa más segura y eficiente a los métodos tradicionales de análisis de tráfico, como tubos de goma y sensores piezoeléctricos, que son propensos a fallos y requieren instalaciones disruptivas. Rekor Discoverâ„¢ utiliza IA a pie de carretera con transmisiones de video de alta resolución para una recopilación precisa de datos de tráfico, presentando una instalación sencilla y capacidades de despliegue de terceros.
Esta expansión demuestra la escalabilidad de la plataforma tanto a nivel nacional como internacional, ya que la recolección de datos de tráfico es esencial para la planificación del transporte en los 50 estados de EE. UU. y en numerosos paÃses a nivel mundial.
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Rekor Systems (NASDAQ: REKR) a annoncé que le Département des Transports du Nouveau-Mexique (NMDOT) a élargi son utilisation de Rekor Discover™ et des systèmes Edge Series dans le cadre du déploiement de Phase Deux, suite au succès de la Phase Un annoncé en janvier 2024. La technologie d'analyse de trafic alimentée par l'IA a gagné une traction significative dans plusieurs États américains, y compris la Floride, la Géorgie, le Colorado, le Maryland, la Caroline du Sud et New York.
Cette technologie offre une alternative plus sûre et plus efficace aux méthodes traditionnelles d'analyse du trafic comme les tubes en caoutchouc et les capteurs piézoélectriques, qui sont sujets à des pannes et nécessitent une installation perturbante. Rekor Discover™ utilise l'IA en bord de route avec des flux vidéo haute résolution pour la collecte précise des données de trafic, offrant une installation facile et des capacités de déploiement par des tiers.
Cette expansion démontre la scalabilité de la plateforme tant sur le plan national qu'international, étant donné que la collecte de données sur le trafic est essentielle pour la planification des transports dans les 50 États américains et dans de nombreux pays à l'échelle mondiale.
Rekor Systems (NASDAQ: REKR) hat angekündigt, dass das Verkehrsministerium von New Mexico (NMDOT) die Nutzung von Rekor Discover™ und Edge Series-Systemen in der Phase Zwei der Bereitstellung erweitert hat, nach dem Erfolg der Phase Eins, die im Januar 2024 bekannt gegeben wurde. Die KI-gesteuerte Verkehrsanalysetechnologie hat in mehreren US-Staaten, darunter Florida, Georgia, Colorado, Maryland, South Carolina und New York, erhebliche Fortschritte gemacht.
Die Technologie bietet eine sicherere und effizientere Alternative zu traditionellen Methoden der Verkehrsanalysen wie Gummirohren und piezoelektrischen Sensoren, die anfällig für Ausfälle sind und störende Installationen erfordern. Rekor Discover™ nutzt KI an Straßenrändern mit hochauflösenden Videostreams zur genauen Datenerfassung des Verkehrs und bietet einfache Installation sowie Drittanbieter-Bereitstellungskapazitäten.
Diese Erweiterung zeigt die Skalierbarkeit der Plattform sowohl national als auch international, da die Datensammlung über den Verkehr für die Verkehrsplanung in allen 50 US-Staaten und zahlreichen Ländern weltweit unerlässlich ist.
- Successful expansion of deployment with NMDOT, indicating product validation
- Growing adoption across multiple U.S. states showing market penetration
- Scalable business model through third-party installations
- Technology advantages over traditional methods reducing installation and maintenance costs
- None.
Insights
The expansion of Rekor Discoverâ„¢ in New Mexico represents a strategic advancement in the transportation technology sector. The pay-for-data distribution model, coupled with third-party deployment capabilities, creates a scalable revenue stream that could significantly impact Rekor's market penetration and financial performance.
The technology's competitive advantage lies in its AI-driven, non-intrusive approach, which eliminates the safety risks and maintenance issues associated with traditional traffic monitoring methods. The Edge Series systems' architecture, processing AI at the roadside with high-resolution video streams, positions Rekor favorably in the
The successful Phase Two deployment indicates strong product-market fit and validates the technology's reliability, which could accelerate adoption among the remaining U.S. states and international markets. This expansion pattern mirrors successful SaaS company growth trajectories, suggesting potential for recurring revenue growth.
This expansion carries substantial market implications. The addressable market is clearly defined: 50 U.S. states and hundreds of Metropolitan Planning Organizations, plus international opportunities across 60+ countries. The pay-for-data model creates a recurring revenue stream, which investors typically value at higher multiples than one-time sales.
The third-party deployment strategy is particularly noteworthy as it enables rapid scaling without proportional increases in operational costs. This could lead to improved margins and faster market penetration. The expansion in New Mexico, following successful deployments in major states like Florida and New York, demonstrates strong product validation and potential for accelerated growth.
For context, traditional traffic monitoring equipment market has been growing at
Expansion Demonstrates Scalability Domestically and Internationally
COLUMBIA, MD, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that the New Mexico Department of Transportation (NMDOT) has expanded its use of Rekor Discover™ and Rekor’s non-intrusive video-based Edge Series systems. This latest pay-for-data deployment, installed by an authorized third party, builds on the success of an initial deployment announced in January 2024.
Phase Two deployment marks a significant step forward, greatly expanding the presence of Rekor’s technology across New Mexico. Since its launch in 2023, Rekor Discover™ and Rekor’s Edge Series systems have continued to gain traction with leading transportation agencies across the U.S., including in Florida, Georgia, Colorado, Maryland, South Carolina, and New York, as well as in multiple other states that are at various stages of adopting or deploying the AI-driven traffic analytics technology. This continued growth underscores the platform’s increasing impact and implementation nationwide.
Rekor Discover™ and Rekor’s non-intrusive video-based Edge Series systems represent a significant advancement for transportation agencies, offering a safe, efficient, and effective alternative to traditional traffic analysis methods, such as rubber tubes and piezo sensors. These legacy technologies are prone to failure in harsh conditions. They often require digging into the roadway and disrupting traffic during installation or maintenance, contribute to pollution, and pose safety risks to workers who must deploy them directly onto roadways. Many roadway segments are also too dangerous or busy to deploy legacy methods for capturing traffic analytics, making them that much more important for transportation planning and maintenance.
By contrast, Rekor Discoverâ„¢ leverages artificial intelligence done at the roadside with high-resolution video streams to capture highly accurate traffic data safely and efficiently. Rekor Discoverâ„¢ and its Edge Series systems are designed for easy and rapid installation, allowing customers to gain access to insights easily and confidently and allowing 3rd parties to implement at roadside for states like New Mexico readily. This expansion confirms the success of the previous third-party deployments, showcasing the technology's ability to scale effectively through third parties across the United States and other international markets where traffic data collection is an essential tool for transportation planning.
“All 50 U.S. states and hundreds of collect traffic data, including vehicle volume, speed, and classification, to monitor roadway usage and support infrastructure planning,†said David Desharnais, President and CEO of Rekor Systems. “The ability to meet this need through third-party installation and deployment is a critical step toward achieving domestic and global scalability. The NMDOT’s expansion reflects confidence in Rekor as a transformative solution for modernizing traffic data collection.â€
Globally, many other countries also rely on traffic data collection to enhance roadway intelligence and transportation planning. The includes data from over 60 countries, demonstrating the widespread practice of monitoring traffic volume and vehicle types. With its ability to scale through third parties, Rekor Discoverâ„¢ is well-positioned to support these global efforts.
Rekor’s Phase Two deployment with NMDOT is a significant milestone, further establishing Rekor’s traffic analytics technology as a reliable, scalable solution for all transportation agencies aiming to improve roadway safety and decision-making through precise, actionable roadway data.
For more information about Rekor Discoverâ„¢ and Rekor Edge Series Systems, visit .
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ: REKR) is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning. As a pioneer in the implementation of digital infrastructure, Rekor is collecting, connecting, and organizing the world's mobility data – laying the foundation for a digitally-enabled operating system for the roadway. With our Rekor One® Roadway Intelligence Engine at the core of our technology, we aggregate and transform trillions of data points into intelligence through proprietary computer vision, machine learning, and big data analytics that power our platforms and applications. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient. To learn more, please visit our website: , and follow Rekor on social media on , ), , and .
Forward-Looking Statements
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Media & Investor Relations Contact:
Rekor Systems, Inc.
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FAQ
What is the significance of NMDOT's Phase Two expansion for Rekor Systems (REKR)?
How many U.S. states are currently using or implementing Rekor's (REKR) traffic analytics technology?
What advantages does Rekor Discoverâ„¢ (REKR) offer over traditional traffic analysis methods?
How does Rekor's (REKR) third-party deployment model support its expansion?
