Rekor Announces Revolutionary New Roadway Intelligence Platform

Unique System to Speed Actionable Insights, Reduce Cost and Increase Revenue for Government Agencies Rekor One’s™ proprietary technology has six patents pending
COLUMBIA, Md., Oct. 12, 2020 (GLOBE NEWSWIRE) — Rekor Systems, Inc., (REKR) (“Rekor”) (the “Company”) a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, today announced Rekor One™,  a new platform that will serve as a unifying source of roadway intelligence for government agencies across cities, counties and states. The platform will support multiple community safety, intelligent roadway and revenue generation activities.Rekor One will provide government agencies with a comprehensive vehicle intelligence system that supports multiple agency-specific missions. With Rekor One, governments will be able to leverage their existing IP cameras and transform them into a safe and smart multi-dimensional intelligent roadway network. By interfacing with multiple databases and operating systems, Rekor One will allow governmental units to observe security and privacy protocols and fractionalize costs based on relative end user value. Each participating agency receives a unique user interface and dashboard, which draws on Rekor One’s unified vehicle recognition intelligence to provide data customized to the agency’s specific needs. This will eliminate redundant systems and single function applications to help use public funds wisely.“We are launching Rekor One to help governments streamline critical public safety and roadway information across their agencies,” said Robert Berman, President and CEO, Rekor. “Each individual agency will have the capability to both reduce capital expenditures and collect different data driven insights – all from the same cameras — securely and in real time. This platform strengthens our commitment to assist the public sector in the creation of smarter roadways, safer communities and smart cities.”Rekor Chief Science Officer Matt Hill sees the platform as a powerful enabler for the Company’s governmental and commercial customers: “We are committed to providing results that are not only faster and more reliable, but also more cost effective. The proprietary tools included in Rekor One are designed to promote interoperability and further support the vision inspired by our open source project, OpenALPR. Rekor One will interface with multiple programming languages and support multiple operating systems. It will provide actionable data from a variety of sources and facilitate rapid communication, collaboration and strategic decision making for all participating agencies.”Rekor One will enable many uses for vehicle recognition intelligence from sensors across the public sector, including:Tailored and priced based on the specific needs of each agency, Rekor One will allow multiple agencies to share the costs of the system, maximizing public resources and increasing government efficiency. Rekor’s significant competitive price advantage can thus be used to reduce overall costs as well as allocate them appropriately based on value added considerations.  Rekor One’s proprietary technology has six patents pending, demonstrating Rekor’s continuing commitment to innovation in vehicle recognition and its applications for government agencies. The patents include privacy enhancements, intelligent use of data across multiple end users and agencies, smarter image processing, advanced vehicle identification techniques, and the improved aesthetics of roadside equipment.The Rekor One platform will incorporate most of the products and services available today from Rekor. A limited number of the features and functions being added to the platform remain in the development or testing stage and are expected to become available in the next few months.The Company also announced it has published a new investor presentation, which provides an update on market dynamics and key growth opportunities. This presentation can be found on the Investors page of the Company’s website.About Rekor Systems, Inc.Rekor (Nasdaq: REKR) is a Maryland-based company providing real-time roadway intelligence through AI-driven decisions. Rekor provides commercial and government customers with actionable, real-time vehicle recognition data that enables informed decisions to be made faster and provide better outcomes. Rekor is transforming industries like Public Safety, Customer Experience and Smart Cities in more than 70 countries across the globe with smarter, quicker, cost-competitive vehicle recognition solutions for security, revenue discovery and recovery, public safety, electronic toll collection, brand loyalty, parking operations, logistics, and traffic management. We use the power of artificial intelligence to analyze video streams and transform them into AI-driven decisions by our clients. Our machine learning software can turn most IP cameras into highly accurate and affordable vehicle recognition devices used to help protect lives, increase brand loyalty and enhance operations and logistics, without the need to install expensive new infrastructure. We make what was once considered impossible, possible. To learn more please visit our website: https://rekor.ai.Forward-Looking StatementsThis press release includes statements concerning Rekor Systems, Inc. and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. Important factors that could have such a result include a decline or weakness in general economic conditions, an outbreak of hostilities, the ongoing pandemic and responses thereto related to COVID-19, a decline or volatility in the securities markets or regulatory changes or other adverse developments with respect to the markets for the Company’s products and services or an inability to obtain adequate financing. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.Media Contact:
Robin Bectel
REQ for Rekor Systems
rekor@req.coInvestor Contact:
Charles Degliomini
Rekor Systems, Inc.
ir@rekor.ai