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Rekor Systems, Inc. (NASDAQ: REKR) is an innovative leader in the development and implementation of advanced roadway intelligence systems. The company leverages artificial intelligence (AI) and machine learning to provide real-time vehicle identification and management solutions across the United States, Canada, and globally. Operating through two key segments—Technology and Professional Services—Rekor offers a suite of products designed to enhance transportation management, urban mobility, and public safety.
Notably, Rekor's core product, OpenALPR, provides robust vehicle recognition software that supports traffic safety systems, including hardware capable of identifying red light and school zone traffic violations. The company also offers forensic-quality imaging and data analysis software, which forms the backbone of its citation management services and enterprise parking enforcement solutions.
In addition to its technological solutions, Rekor provides extensive government contracting support services. These services encompass market intelligence, opportunity identification, capture and strategic advisory, proposal strategy and development, teaming support, and specialized staffing services.
Rekor's cutting-edge technology extends to its flagship platforms—Rekor Command for transportation management, Rekor Discover for urban mobility, and Rekor Scout for public safety and commercial use. These platforms are underpinned by the Rekor One® Roadway Intelligence Engine, which aggregates and transforms vast amounts of data into actionable insights, empowering governments and businesses with a comprehensive understanding of roadways.
Recent achievements of Rekor include early redemption of $12.5 million of its outstanding Senior Secured Notes, reflecting the company's commitment to a sound financial foundation and operational freedom. Additionally, Rekor is set to announce record annual revenue for FY2023 and continues to expand its innovative solutions and strategic partnerships.
Rekor's latest developments include the appointment of Anne Townsend to its Board of Directors, bringing significant expertise in cybersecurity and smart cities. The company also continues to announce record financial results and strategic acquisitions, reinforcing its position as a market leader in AI-powered roadway intelligence.
To stay updated on Rekor’s latest news and developments, visit their website at and follow them on their social media channels.
Rekor Systems, Inc. (NASDAQ:REKR) has announced the initial adoption of its Rekor Commandâ„¢ platform by Departments of Transportation in Oklahoma, Kansas, and Umatilla County, Oregon. This AI-driven platform enables real-time traffic monitoring and provides insights to respond to roadway incidents up to 23 minutes faster than traditional methods. The technology democratizes access to advanced roadway intelligence, bringing urban-level capabilities to rural areas.
Rekor Commandâ„¢ transforms raw roadway data into actionable insights, allowing agencies to quickly identify and respond to incidents, improve Traffic Incident Management timelines, enhance traffic flow, and boost safety. The expansion builds on Rekor's success in Texas and Oregon's Connected Vehicle Ecosystem deployment, opening new markets in rural areas and fostering regional collaboration.
Rekor Systems (NASDAQ:REKR) has launched a $1.5 million Strategic Corridor Monitoring project for Maryland highways. Funded by a federal and state grant, the initiative will deploy Rekor's AI-powered Discover™ platform along key transportation corridors from Washington, D.C. to Baltimore. The project aims to provide real-time traffic insights to the Maryland Department of Transportation (MDOT), revolutionizing roadway planning and maintenance.
The system will be installed at 50 strategic locations along I-495, I-95, and I-695, offering data on vehicle classification, volumes, speeds, emissions, air quality, and more. It will focus on electric vehicle usage patterns and promote sustainable transportation. This initiative aligns with Rekor's mission to make roadways smarter, safer, greener, and more efficient through advanced roadway intelligence technology.
Rekor Systems, Inc. (NASDAQ:REKR) has announced the availability of its Rekor Scout® Platform in AWS Marketplace and Rekor Edge Pro on Amazon Business. This move simplifies procurement for security and safety initiatives using Rekor's AI-driven vehicle recognition technology. The Rekor Scout® Platform provides real-time intelligence through AI-driven software, offering accurate vehicle and license plate recognition on various camera types. It extracts detailed vehicle information and enables instant action or in-depth investigations.
The Rekor Edge Pro, now available on Amazon Business, is a complete on-device AI solution for roadway deployments. It's designed for easy setup in neighborhoods, campuses, and business districts, providing comprehensive security, parking, and access control solutions. Built on AWS, Rekor Scout® utilizes various AWS services for global-scale operations in AI/ML, security, privacy, storage, streaming, and analytics.
Rekor Systems, Inc. (NASDAQ:REKR), a leader in roadway intelligence technology, has announced that it will release its second quarter 2024 financial results on Wednesday, August 14, 2024, after market close. The company will host an earnings conference call at 4:30 p.m. Eastern Time on the same day to discuss financial and operating results.
Interested participants can dial in approximately 10 minutes before the call start using the provided numbers. A webcast of the call will also be available. For those unable to attend, a replay will be accessible online for two weeks after the live call, with specific replay dial-in numbers provided. An archived webcast will also be available on the Company's website under Investors, Events & Presentations.
Rekor Systems has launched its Rekor Discover platform on AWS Marketplace. This move simplifies the procurement process for government agencies by eliminating complex RFP procedures. Rekor Discover offers advanced traffic and vehicle data analytics through applications like Class, Count & Speed and Vehicle Insite. The platform automates traffic data collection and reporting, providing valuable insights for public safety, urban mobility, and transportation planning. Recently, Rekor Discover was deployed by the New Mexico Department of Transportation and the Philadelphia Industrial Development The platform leverages AWS services for global scalability and security.
Rekor Systems, a leading company in roadway intelligence technology, announced that its President and CEO, David Desharnais, will present at the William Blair 44th Annual Growth Stock Conference. The presentation is scheduled for June 5, 2024, at 10:40 CT (11:40 am ET). Investors can access the webcast of the presentation through the William Blair Conference portal.
Rekor Systems has unveiled new features in its AI-driven traffic analytics platform, Rekor Discoverâ„¢. These advancements will be showcased at NaTMEC 2024, set for June 2-5 in Boise, ID. Rekor Discoverâ„¢ uses AI and machine vision to deliver highly accurate traffic and vehicle analytics, achieving over 99.7% accuracy in vehicle classification. The platform supports emerging policies on sustainability, air quality management, data protection, and cybersecurity. Key features include non-intrusive Edge-AI systems, real-time cybersecurity monitoring, and detailed analytics on vehicle speeds, volumes, and air quality. Rekor aims to help Departments of Transportation (DOTs) and traffic agencies comply with evolving regulations while optimizing efficiency and sustainability. Company experts will present these innovations at various sessions during NaTMEC 2024.
Rekor Systems has announced advanced AI-driven cybersecurity features to protect national transportation infrastructure. This move aligns with new government AI and cybersecurity policies. The recent cyber-attack on a Midwestern DOT highlighted the urgency, disrupting traffic systems and public safety functions. Rekor's new capabilities include real-time threat detection, dynamic monitoring, and automated incident response, ensuring robust defense against cyber threats. Their Edge-based system integrates Network Detection & Response, Endpoint Detection & Response, Intrusion Prevention and Detection Systems, and advanced anomaly detection, among other features. The company leverages AWS Cloud Services for secure data handling. Rekor aims to provide state transportation departments with sophisticated tools to enhance security and compliance.
Rekor Systems (NASDAQ:REKR) has been awarded a patent by the U.S. Patent Office for its new traffic management technology, which prioritizes privacy protection. The patent is titled 'Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection' and features a multi-functional sensor that captures high-resolution vehicle images while encrypting personally identifiable information (PII) using military-grade methods.
This technology allows for accurate traffic monitoring without compromising individual privacy. The sensor's unique identifier tracks vehicles over time, providing insights into traffic patterns. Rekor's CTO, Chris Kadoch, emphasizes that this innovation highlights the company's commitment to both technological advancement and privacy protection. This patent adds to Rekor's growing portfolio, reinforcing its leadership in the roadway intelligence market.
Rekor Systems has partnered with MS2, a leader in Transportation Data Management Systems (TDMS), to accelerate the transition to AI-based roadway intelligence for State Departments of Transportation (DOTs). This collaboration integrates Rekor's advanced traffic analytics platform, Rekor Discoverâ„¢, with MS2's cloud-based TDMS. MS2, part of the Rekor Partner Network, manages transportation data for numerous state DOTs, metropolitan planning organizations, and other entities. The partnership aims to enhance traffic data analysis, offering real-time insights and simplifying the transition to digital infrastructure. Key features include non-intrusive traffic data collection and AI-enhanced actionable insights, designed to improve safety, efficiency, and mobility.